Svatantra Microfin IPO: Svatantra Microfin Pvt Ltd, founded by Ananya Birla, the daughter of Kumar Mangalam Birla, has finalised investment bankers for the proposed IPO.

Svatantra Microfin is an NBFC-MFI, focused on providing financial services to women entrepreneurs in rural and semi-urban areas of India.

According to a Moneycontrol report, Ananya Birla's  Microfin has shortlisted Axis Capital and Kotak Mahindra Capital as advisors for IPO.

Svatantra Microfin IPO

The IPO process is expected to kick start in early April, the report said. More investment banks may be added at a later stage.

The size of the Svatantra Microfin IPO could be between Rs 2,000 crore and Rs 2,500 crore.

In March 2026, Svatantra Microfin had completed the merger of Chaitanya India Fin Credit Pvt Ltd (CIFCPL) and Svatantra Holding Pvt Ltd with itself after approval from the NCLT.

After this merger, Svatantra Microfin became the second-largest NBFC-MFI in India.

Svatantra Microfin manages an Assets Under Management (AUM) of more than Rs 22,000 crore. Svatantra Microfin has more than 2,200 branches across 20 states.

Svatantra Microfin claims to have disbursed Rs 70,000 crore since its inception in 2024.