PRICE HISTORY.
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Key numbers
Published fundamentals and the date each figure was recorded.
About this company
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.
COMPANY REGISTRY · ON FILE
THE CREW · BOARD & MANAGEMENT
COMMON QUESTIONS.
Is SMILE Microfinance listed on the stock exchange?+
No. As of 2 September 2026, SMILE Microfinance is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.
What is the SMILE Microfinance unlisted share price?+
As of 2 September 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.
What indicative minimum amount is displayed for SMILE Microfinance unlisted shares?+
The displayed unit count is 125 share(s); at the indicative price of about ₹82, the displayed amount is approximately ₹10,250. This is a display convention, not evidence of inventory, an order minimum or a quote.
What is the ISIN of SMILE Microfinance?+
The recorded ISIN of SMILE Microfinance is INE786V01012. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.
Is trading in SMILE Microfinance unlisted shares legal in India?+
Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.
Is there a lock-in period for unlisted shares?+
A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.
Do you guarantee returns?+
No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.