1
Open
[.]
2
Close
[.]
3
Allotment
—
4
Listing
[.]
Issue Size
[.] shares (agg. up to ₹150 Cr)
Listing Date
[.]
✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 26.34 | 24.88 | 23.44 |
| Total Income | 14.14 | 3.89 | 3.20 |
| Profit After Tax | 2.23 | 0.06 | 0.00 |
| NET Worth | 6.49 | 4.71 | 4.66 |
| Total Borrowing | 17.62 | 18.22 | 14.43 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Aye Finance Ltd. | Mainboard | ₹1,010.00 Cr | ₹129 | 14.11 | ₹128.91 | -0.07% | ₹172.03 (+0.73%) |
| Tata Capital Ltd. | Mainboard | ₹15,511.87 Cr | ₹326 | 35.99 | ₹330.50 | +1.38% | ₹341.90 (+0.04%) |
| Laxmi India Finance Ltd. | Mainboard | ₹254.26 Cr | ₹158 | 18.35 | ₹134.11 | -15.12% | ₹129.12 (+3.36%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting the capital base to meet the Company’s future capital requirements arising out of growth of the business and assets | 11.00 |
| 2 | General corporate purposes |
About Neev Credit IPO
Incorporated in 1996, Neev Credit Limited is a non-banking financial company (NBFC) specializing in providing education loans to students and their families. The company partners with schools, colleges, coaching centers, vocational institutes, and edtech firms, who provide student leads for education loan services through a formal arrangement. As of March 31, 2024, the company had arrangements with over 600 institutions, including more than 150 active tie-ups established between Fiscal 2022 and Fiscal 2024. As of March 31, 2024, the company operated across 15 states and 1 union territory, with ₹688.24 lakh in education loans, serving 2,348 students from 197 institutes nationwide. The company sources loans in-house and via tie-ups, using strict credit checks and real-time monitoring. For Fiscal 2024, Gross NPA was ₹269.60 lakhs and Net NPA ₹242.64 lakhs. As on August 31, 2024, the company has 30 employees. Competitive Strengths: Tailormade Solutions for Educational Institute Technology driven and scalable operating model Risk management and credit scoring model Stable and experienced management team Wide geographical Presence + Read More
Contact Details
Neev Credit Ltd. AddressRoom number 408, 4th Floor,PS IXL Building, Atghora,Chinar Park, Parganas North 24,Kolkata, West Bengal, 700136+91 70440 24108compliance@neevcredit.comVisit Website