SMILE Microfinance Unlisted Share Price
As of , the indicative unlisted share price of SMILE Microfinance is ₹82 per share. This is an over-the-counter reference price, not a stock-exchange quote.
As of , SMILE Microfinance is not listed on any Indian stock exchange (NSE or BSE) — its shares trade in the unlisted, over-the-counter (pre-IPO) market.
| Price / unit | ₹82 |
|---|---|
| Market cap | ₹142 Cr |
| Min. investment | ₹10,250 |
| Lot size | 125 |
| P/E ratio | 46.59 |
| P/B ratio | 2.47 |
What is SMILE Microfinance?
SMILE Microfinance is an unlisted Financials company whose shares trade in India's over-the-counter (pre-IPO) market and settle in demat form (NSDL/CDSL).
SMILE Microfinance Limited (now operating as SMFL Services Limited) is a Chennai-headquartered financial-services company that, for most of its operating life, functioned as one of South India's well-known microfinance institutions. Incorporated in 1995 and building out its microfinance operations from around 2004, the company served economically weaker households — predominantly women borrowers in urban and rural Tamil Nadu — through the Joint Liability Group (JLG) model, extending small, unsecured income-generation loans to customers with limited access to formal banking credit. It operated for years as a Reserve Bank of India-registered NBFC, later holding a dedicated NBFC-MFI licence. A defining feature of the company is its parentage. DWM Investments (Cyprus) Limited, linked to the Developing World Markets group, became the majority shareholder with a stake of roughly two-thirds, alongside the founding promoter group and a holding once attributed to current and former women members. This international development-finance backing historically shaped the company's governance and capital structure. The company's corporate trajectory changed materially in 2022, when it transferred its entire microfinance business as a going concern, on a slump-sale basis, to the Northern Arc group. Following that transaction the operating microfinance portfolio, branch network and staff moved across, and the company subsequently surrendered its NBFC-MFI licence and was renamed SMFL Services Limited. Public records also indicate the company moved toward a voluntary liquidation process. In the unlisted market, SMILE Microfinance attracts attention largely because of this distinctive history: a recognised brand name, foreign institutional ownership, and a corporate-action storyline involving a business sale and subsequent restructuring. Indicative quotes for its equity shares continue to circulate on unlisted-share desks, where the price reflects dealer-to-dealer supply and demand rather than any exchange mechanism. Prospective participants typically examine the company's residual assets, shareholding pattern and the status of its restructuring as part of their own assessment.
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Frequently asked questions
No. As of 16 July 2026, SMILE Microfinance is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.
The minimum lot is 125 share(s); at the indicative price of about ₹82, that is approximately ₹10,250. Indicative reference, not a quote.
As of 16 July 2026, the indicative unlisted share price of SMILE Microfinance is ₹82 per share. This is an over-the-counter reference price, not a stock-exchange quote.
SMILE Microfinance Limited (now SMFL Services Limited) was a Chennai-based microfinance institution that historically provided small, unsecured loans to economically weaker households — mainly women borrowers in Tamil Nadu — using the Joint Liability Group model. It operated as an RBI-registered NBFC. In 2022 the company transferred its entire microfinance business to the Northern Arc group on a slump-sale basis and subsequently surrendered its NBFC-MFI licence.
SMILE Microfinance is not listed or trading on the NSE or BSE equity main board; its equity shares are unlisted. Unlisted shares are generally transacted off-market between buyers and sellers through dealers, with shares held in dematerialised form in a demat account. Settlement, pricing and availability depend on counterparties in the private market rather than an exchange order book. This is informational only and not advice to transact.
The indicative price quoted on unlisted-share desks reflects negotiated supply and demand between dealers and investors, not an exchange-traded price. It can be influenced by the company's shareholding pattern, residual assets and net worth, the status of its corporate restructuring and any liquidation process, broader sentiment around microfinance and unlisted markets, and the limited liquidity typical of unquoted securities. Indicative quotes can change and may differ across sources.
SMILE Microfinance was incorporated in 1995 (CIN U67190TN1995PLC030604), with ISIN INE786V01012 and a face value of ₹10 per share. Its registered office is in Chennai, Tamil Nadu. Its majority shareholder has been DWM Investments (Cyprus) Limited. Notably, the company sold its operating microfinance business to the Northern Arc group in 2022, was later renamed SMFL Services Limited, and public records indicate it moved toward voluntary liquidation. These facts are provided for information only.
They can. If the company declares a dividend, unlisted shareholders are eligible like any other shareholder. Many unlisted firms reinvest profits, so dividends are not guaranteed.
After listing, unlisted shares convert into regular listed shares in your demat account and can be traded on the exchange, usually once any applicable SEBI lock-in period ends.
Unlisted shares are less liquid than listed shares. You can sell when a buyer is available through an off-market transfer; there is no continuous exchange market, so exits can take longer.
Unlisted shares carry higher risk and lower liquidity than listed shares, with fewer disclosures and no live market price. This is general information, not investment advice — assess suitability before investing.
An unlisted share price is an indicative, over-the-counter reference set by demand and supply in private deals between buyers and sellers. There is no live exchange quote, so prices can vary across dealers and over time.
Yes. Unlisted shares are delivered in dematerialised form, so you need an active demat account (NSDL or CDSL). No special account type is required — a regular demat account works.
Unlisted shares are sold through an off-market transfer to a buyer via a registered intermediary, settling from your demat account with a contract note. Liquidity depends on buyer availability, so exits can take longer than listed shares.
SMILE Microfinance vs similar unlisted Financials shares
Indicative over-the-counter prices, as of 16 July 2026. Information only — not a recommendation or ranking.