Muthoot Microfin Limited
Mainboard₹14,841 / 51 Shares
Muthoot Microfin Limited IPO Details
The Muthoot Microfin Limited IPO price band is set between ₹277-291 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 18 Dec, 2023 and closes on 20 Dec, 2023. Investors can check the allotment status on 21 Dec, 2023, while the listing date is tentatively scheduled for 26 Dec, 2023.
The total issue size is 32,989,690 shares , aggregating up to ₹960.00 Cr. Stay tuned for the latest Muthoot Microfin Limited IPO review and GMP updates.
Muthoot Microfin Limited IPO Review, Rating & Analysis
Muthoot Microfin Limited IPO Review
NO REVIEWMuthoot Microfin Limited IPO Rating
Muthoot Microfin Limited IPO Highlights
IPO Date
Dec 18, 2023 - Dec 20, 2023
Listing Date
26 Dec, 2023
Face Value
₹10 Per Equity Share
Price Band
₹277-291 per equity share
Lot Size
51 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Muthoot Microfin Limited IPO Lot Size
The minimum market lot for Muthoot Microfin Limited IPO is 51 shares with an application amount of ₹14,841. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹14,841 |
| Retail (Max) | 13 | 663 | ₹1,92,933 |
| S-HNI (Min) | 14 | 714 | ₹2,07,774 |
| S-HNI (Max) | 67 | 3417 | ₹9,94,347 |
| B-HNI (Min) | 68 | 3468 | ₹10,09,188 |
Muthoot Microfin Limited IPO Timeline
Issue Price
₹277-291 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
ICICI Securities Limited, Axis Capital Limited, Jm Financial Limited, SBI Capital Markets LimitedIssue Size
32,989,690 shares (aggregating up to ₹960.00 Cr)#Fresh Issue: 26,116,838 shares (aggregating up to ₹760.00 Cr)#Offer for Sale: 6,872,852 shares of ₹10 (aggregating up to ₹200.00 Cr)Muthoot Microfin Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 8529.20 | 1446.34 | 163.89 | - | - | - |
| 31 Mar 22 | 5591.46 | 842.94 | 47.40 | - | - | - |
| 31 Mar 21 | 4183.85 | 696.28 | 7.05 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- homas John Muthoot
- Thomas Muthoot
- Thomas George Muthoot
- Preethi John Muthoot
- Remmy Thomas
- Nina George
- Muthoot Fincorp Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 69.08% | 55.47% |
About Company
Muthoot Microfin Limited is a microfinance institution that specializes in providing micro-loans to female customers, primarily for income generation purposes, focusing on rural regions of India. As of December 31, 2022, the company is the fourth largest NBFC-MFI in India in terms of gross loan portfolio. It is also the largest MFI in Kerala in terms of market share and the third largest NBFC-MFI in South India in terms of gross loan portfolio. Additionally, the company is a key player in Tamil Nadu, with an almost 16% market share, as of December 31, 2022.
As of March 31, 2023, Muthoot Microfin serves 2.77 million customers through 1,172 branches in 321 districts across 18 Indian states and union territories with the help of 10,227 employees.
The core strength of the company lies in the following:-
-The company is a market leader with a widespread presence throughout India.
- Muthoot Microfin focuses on serving rural communities and is committed to promoting its customers' health and social welfare.
- Brand recall and synergies with the Muthoot Pappachan Group
- A robust risk management framework results in a healthy portfolio quality.
- The company's operating model is designed to be efficient and optimize the use of technology. The company strives to leverage technology to the maximum extent possible to ensure our operations are streamlined and effective.
Muthoot Microfin Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 6,529,210 | 4,896,907 3,264,604 1,632,302 | 11,426,117 | 22,852,234 |
Day 1 -18-12-23 05:00 PM | 0.00 x | 0.61 0.44 x 0.94 x | 1.38 x | 0.83 x |
Day 2 -19-12-23 05:00 PM | 0.46 x | 3.12 2.45 x 4.45 x | 4.06 x | 2.83 x |
Day 3 -20-12-23 05:00 PM | 17.47 x | 13.20 12.34 x 14.93 x | 7.61 x | 11.52 x |
Frequently Asked Questions about Muthoot Microfin Limited IPO
When will Muthoot Microfin Limited IPO open for subscription?
The Muthoot Microfin Limited IPO opens on 18 Dec, 2023 and closes on 20 Dec, 2023.
What is the investors portion for Muthoot Microfin Limited IPO?
The investors' portion for QIB is 17.47 x, NII is 12.34 x, and Retail is 7.61 x.
How to apply for Muthoot Microfin Limited IPO?
You can apply for Muthoot Microfin Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Muthoot Microfin Limited IPO?
The issue size of Muthoot Microfin Limited IPO is approx ₹32,989,690 shares (aggregating up to ₹960.00 Cr)#Fresh Issue: 26,116,838 shares (aggregating up to ₹760.00 Cr)#Offer for Sale: 6,872,852 shares of ₹10 (aggregating up to ₹200.00 Cr) crores.
What is the price band of Muthoot Microfin Limited IPO?
The price band for Muthoot Microfin Limited IPO is ₹277 to ₹291 per equity share.
What is the lot size of Muthoot Microfin Limited IPO?
The minimum bid (lot size) for Muthoot Microfin Limited IPO is N/A shares with an investment of approx ₹14,841 .
What is the allotment date of Muthoot Microfin Limited IPO?
The allotment date for Muthoot Microfin Limited IPO is 21 Dec, 2023.
What is the listing date of Muthoot Microfin Limited IPO?
The listing date for Muthoot Microfin Limited IPO is expected to be 26 Dec, 2023.
What is the GMP of Muthoot Microfin Limited IPO?
The latest Grey Market Premium (GMP) for Muthoot Microfin Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.