Smile Microfinance IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Smile Microfinance IPO release date, IPO offer price, subscription, Smile Microfinance Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
Face Value | Rs 10 |
Price Band | Rs [●] |
Listing At | BSE, NSE |
Min. Order Quantity | NA |
Listing Date | NA |
Offer for Sale | Rs Million |
Fresh Issue | Rs Million |
IPO Size | Rs Million |
Tick Size | 1 |
Smile Microfinance IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Smile Microfinance Share Price – Live Performance |
Smile Microfinance IPO – Summary
Smile Microfinance is a NBFC which was established in the year 2004, and registered under RBI. According to the arena they are involved in, they offer financial assistance especially to the women, who belong from the remote areas of urban and rural Tamil Nadu.
This company provides services of rendering micro and small loans to the poor sections of the Tamil Nadu society. People who do not have loan provisions are supported by Smile Microfinance.
The Promoter of this company is Mr. Manish Kumar Dabkara. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Smile Microfinance IPO Date
The opening and the closing date of the IPO of Smile Microfinance Limited are not available yet.
Smile Microfinance IPO Subscription
Day / Date | QIB | NII | RII | Total Subscription |
1st Day – | ||||
2nd Day – | ||||
3rd Day – | ||||
Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Smile Microfinance IPO LIVE Subscription
- Smile Microfinance IPO LIVE Bid details on BSE
- Smile Microfinance IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Smile Microfinance IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Smile Microfinance Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
Basis of Allotment Finalization | – |
Refunds Initiation | – |
Credit of Shares to Demat Account | – |
Share Listing Date | – |
Smile Microfinance IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Smile Microfinance IPO Equity Size
This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Smile Microfinance IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
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Smile Microfinance IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
Live IPO Performance – Smile Microfinance Share Price |
Smile Microfinance IPO Grey Market Premium
The Smile Microfinance Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Smile Microfinance IPO – Company Overview
Smile Microfinance, a NBFC or non-banking finance company which was incorporated in 2004 as a private organization, turned unlisted public company in the year 2005. RBI regulates the company, which is involved into the business of providing financial and non financial services for the poor sections of the society.
They have a vision of empowering the women of Tamil Nadu, who come from the poor sections, and wish to set up a business. The company encourages such entrepreneurship attitude and grant them with micro as well as small loans.
They aim to serve the women, who unfortunately get no assistance and help from reputed and highly oriented traditional banks and financial institutions.
Smile Microfinance IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
Amount (in INR & Million) | ||||
30-Jun-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
Total Assets | ||||
*Total Revenue | ||||
Total Expense | ||||
Profit After Tax |
Earnings per Equity Share (in Million)
30-Jun-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
Basic & Diluted |
Further, their PAT for the period ended on June 30, 2020, March 31, 2020, March 31, 2019, and March 31, 2018, were Rs. 135.51 Million, Rs. 447.45 Million, Rs. 68.04 Million and Rs. 26.91 Million respectively.
Smile Microfinance IPO – Promoters
The Promoter of this company is:
List of Related Parties (Key Managerial Personnel)
- Mr. Manish Kumar Dabkara, Chairman & Managing Director
- Mr. Naveen Sharma, Chief Financial Officer
- Mr. Babita Kumawat, Company Secretary and Compliance Officer
Smile Microfinance IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Smile Microfinance IPO Offer Details or Issue Details
Particulars | No. Of Equity Shares |
Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
of which: | |
Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
Of which: | |
Retail Investors Portion | Not less than [●] Equity Shares |
Other than Retail Individual Investors | Not more than [●] Equity Shares |
Equity Shares outstanding prior to the Issue | X Equity Shares |
Equity Shares outstanding after the Issue | X Equity Shares |
Smile Microfinance IPO Issue Object
Their Company proposes to utilise the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Smile Microfinance IPO – Business Strategy
- Focus on Consultancy Business and spreading awareness about carbon neutrality
- Increase the use of technology to improve operational efficiency
- Expanding their customer base
- Creating awareness to reduce carbon emissions
Smile Microfinance IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Quality Assurance, timely payment, and delivery
- Broad customer base and strong relationships with their customers
- Multiple Business verticals under one roof
- Qualified management team and employee base
The relevant quantitative factors are:
Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
31-Mar-20 | |||
31-Mar-19 | |||
Mar-18 |
Smile Microfinance IPO: Competitive Peers
Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
Smile Microfinance Limited | 10 | [●] | 8.86 | 73.11 | 20.43 |
Listed Peers | |||||
Mitcon Consultancy and Engineering Services Limited |
10 | 12.46 | 3.13 | 3.91% | 42.72 |
Smile Microfinance IPO Lead Managers
Lead Managers |
Smile Microfinance IPO Registrar to offer
Registrar to the Offer |
BIGSHARE SERVICES PRIVATE LIMITED Address:-1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel No.:+91-022-62638200 Fax No.: +91-022-62638299 Website:www.bigshareonline.com Email:ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com |
Smile Microfinance IPO – Other Details
- Statutory Auditor – NA
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Smile Microfinance IPO Review by Stock Brokers
Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Smile Microfinance Limited IPO News
News 1 – Smile Microfinance Limited IPO DRHP Download
News 2 – Smile Microfinance IPO RHP Download
Smile Microfinance IPO Review FAQs
Ques – What is the Issue Size of Smile Microfinance IPO?
Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band of Smile Microfinance IPO?
Answer – The price band for this particular IPO, i.e. Smile Microfinance IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Smile Microfinance IPO Open Date?
Answer – The opening and closing dates for Smile Microfinance IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Smile Microfinance IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates of Smile Microfinance IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the Smile Microfinance IPO Listing Date?
Answer – Shares of Smile Microfinance shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Smile Microfinance IPO?
Answer – One of the reputed registrars is managing the issue of Smile Microfinance IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Smile Microfinance IPO?
Answer – Here are the promoters of Smile Microfinance – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Smile Microfinance IPO?
Answer – We have obtained the GMP of Smile Microfinance IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Smile Microfinance IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Smile Microfinance Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Million is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.
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