Earn interest by lending gold loans to poor women from home

If you do not have a microfinance company license and do not have the capital investment to start such a large company, but you are aware of the gold loan business, then an opportunity is coming your way. The IPO of Aashirwad Micro Finance Company Limited is coming up. You can also invest in the company. Gold loans will be given to poor women from your money and you will get a share of the profit in the amount of interest received from them.

Aashirwad Micro Finance is a subsidiary of Manappuram Finance Aashirwad Micro Finance Limited has filed documents with SEBI. The company wants to be listed on the stock exchange. Is seeking Rs 1500 crore from the public through IPO. A NBFC is a non-banking financial company. The company started its business in 2007. Aashirwad Micro Finance Company is originally a subsidiary of Manappuram Finance. The company's business is going well. The company earned a profit of Rs 218 crore in the last year 22-23.

Aashirwad Micro Finance Company Limited has announced that it has 1684 branches in 391 districts of 22 states and three union territories of India. Has given loans to 32 lakh people so far. Only MSME i.e. small traders and gold loans are given to women from economically deprived families by the company. It is said about gold loan that the interest received in return is less than any other type of loan, but this business is considered safe.

About Aashirwad Micro Finance Company Limited

This article is about an upcoming IPO of Aashirwad Micro Finance Company Limited. The company is a subsidiary of Manappuram Finance and provides gold loans to poor women. The IPO is seeking Rs 1500 crore from the public.

The article states that this is an opportunity for those who do not have a microfinance company license or the capital investment to start such a company. By investing in the IPO, investors can earn interest by lending gold loans to poor women.

The article also states that the company has been in business for over 15 years and has a good track record. It has 1684 branches in 22 states and three union territories of India and has given loans to 32 lakh people so far.

The article concludes by stating that this is a safe investment opportunity. However, investors should do their own research before making any investment decision.

Additional information:

• The IPO is expected to open on October 12, 2023, and close on October 14, 2023.
• The company is offering a price band of Rs 100 to Rs 110 per share.
• The minimum investment amount is Rs 10,000.

Risks:Investing in an IPO is always a risky proposition. There is no guarantee that the company will be successful in the long term.

The company is also exposed to the risk of default by borrowers.

Disclaimer - Please gather information about Aashirwad Micro Finance Limited company at your level before making any kind of decision.