Daily BriefsECM

Daily Brief ECM: Asirvad Micro Finance Pre-IPO – Accelerating Profitability Growth but with a Litany of Legal Cases and more

In today’s briefing:

  • Asirvad Micro Finance Pre-IPO – Accelerating Profitability Growth but with a Litany of Legal Cases
  • Kalpataru Pre-IPO Tearsheet


Asirvad Micro Finance Pre-IPO – Accelerating Profitability Growth but with a Litany of Legal Cases

By Ethan Aw

  • Asirvad Micro Finance Limited (1053198D IN) is looking to raise around US$183m in its upcoming India IPO.
  • Asirvad Micro Finance Limited (Asirvad) is a non-banking finance company (NBFC), and a microfinance institution (MFI) offering small loans to low-income women in India.
  • In this note, we talk about the company’s historical performance.

Kalpataru Pre-IPO Tearsheet

By Akshat Shah

  • Kalpataru Limited (KTARU IN) is looking to raise about US$189m in its upcoming India IPO. The deal will be run by ICICI, JM Fin and Nomura.
  • Kalpataru is an integrated real estate development company involved in activities associated with real estate development, including identification and acquisition of land, planning, designing, execution, sales, and marketing of projects.
  • It is a prominent real estate developer in the Mumbai Metropolitan Region (MMR) and is present across all micro-markets in MMR, as per an Anarock Report.

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