Muthoot Microfin Limited IPO
MainboardMicrofinance Institutions
Listed On: Dec 26, 2023 at ₹ 275.3(NSE)
Exp. Premium: 26-28 (8.93%)
₹ 14841 /51 Shares
Check Allotment*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Price Summary
Last Closing
182.80 (-37.18%)52 Week High
281.0052 Week Low
180.41Last Update
22-Nov-2024 3:30 PMMuthoot Microfin Limited IPO Details
18 Dec, 2023
Open Date20 Dec, 2023
Close Date21 Dec, 2023
Allotment Date26 Dec, 2023
Listing DateIssue Price
₹277-291 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
275.3(NSE)Listing Date
2023-12-26Market Lot
Retail : 51 Shares (₹14,841/-)S-HNI : 714 Shares (₹2,07,774/-)
B-HNI : 3,468 Shares (₹10,09,188/-)
Lead 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)
Retail Portion
35% (Number of Retail Applications: 2,23,922 Approx),(Number of S-HNI Applications : 2,285 Approx),
(Number of B-HNI Applications : 4,570 Approx)
Subscription
11.52 timesMuthoot 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 |
Muthoot Microfin Limited Valuations
Earnings Per Share (EPS)
₹11.98/-P/E Ratio
24.96RoNW
10.08%Net Asset Value (NAV) - As on 31.03.22
₹N/AMuthoot Microfin Limited Company Financials All values are in ₹ Cr.
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 8,529.20 | 5,591.46 | 4,183.85 |
| Revenue | 1,446.34 | 842.94 | 696.28 |
| Profit After Tax | 163.89 | 47.40 | 7.05 |
About The 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 - Promoter(s)
Pre Issue Share Holding: 69.08%
Post Issue Share Holding: 55.47%
Company Promoter(s)
- homas John Muthoot
- Thomas Muthoot
- Thomas George Muthoot
- Preethi John Muthoot
- Remmy Thomas
- Nina George
- Muthoot Fincorp Limited
Muthoot Microfin Limited IPO - Issue Objectives
- To undertake our existing business activities
- To undertake the activities proposed to be funded from the Net Proceeds. Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, including enhancing the brand image among existing and potential customers and creating a public market for the Equity Shares in India.
Muthoot Microfin Limited IPO - Anchor Investors
Several insurance companies, including ICICI Prudential Life Insurance, HDFC Life Insurance, Bajaj Allianz Life Insurance, Kotak Mahindra Life Insurance, SBI General Insurance, ICICI Lombard General Insurance, Cholamandalam MS General Insurance and Pramerica Life Insurance also invested in the UK-based private equity investor Greater Pacific Capital-backed company via anchor book.
Muthoot Microfin Limited IPO - FAQs
Ans. Muthoot Microfin Limited IPO is a Mainboard IPO. The issue is priced at ₹277-291 per equity share. The minimum order quantity is 51 Shares. The IPO opens on Dec 18, 2023, and closes on Dec 20, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Muthoot Microfin Limited IPO opens on Dec 18, 2023 and closes on Dec 20, 2023.
Ans. The size of Muthoot Microfin Limited IPO is 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).
Ans. The IPO price band is set between ₹277-291 per equity share.
Ans. To apply for Muthoot Microfin Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Muthoot Microfin Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Muthoot Microfin Limited IPO is Dec 21, 2023.
Ans. The Muthoot Microfin Limited IPO will be listed on Dec 26, 2023.
Ans. Follow the steps to check the allotment status for Muthoot Microfin Limited IPO here.
