Muthoot Microfin IPO Details ( Muthoot Microfin Limited IPO Review )
(18 Dec 2023 – 20 Dec 2023)
Muthoot Microfin Limited, a part of the Muthoot Pappachan Group, started back in April 1992. Our main goal is to help women in rural areas in India by offering small loans.
Here’s what we do:
- Group Loans: We provide loans for things like starting businesses and other income-generating activities. We also have Pragathi loans, which help our existing customers with working capital.
- Life Improvement Loans: We offer loans for essentials like cell phones, solar lights, and household appliances.
- Health and Hygiene Loans: We provide loans to improve sanitation facilities.
- Secured Loans: We have gold loans and Muthoot Small & Growing Business (“MSGB”) loans.
In 2021, we introduced the “Mahila Mitra” mobile app. This app makes it easy for our customers to make digital payments using QR codes, websites, SMS links, and even voice-based methods. As of March 31, 2023, 1.18 million people have downloaded the Mahila Mitra app, and 1.70 million customers have used it to make digital transactions.
As of March 31, 2023, we have 2.77 million active customers. Our services are available in 1,172 branches across 321 districts in 18 states and union territories in India. We’re proud to say that our team consists of 10,227 dedicated individuals
Muthoot Microfin Limited IPO Competitive Strength
- Market leadership with a pan-India presence
- Rural focused operations, with a commitment towards health and social welfare of our customers
- Brand recall and synergies with the Muthoot Pappachan Group
- Robust risk management framework leading to healthy portfolio quality
- Streamlined operating model with effective use of technology
- Access to diversified sources of capital and effective cost of funds
- Experienced and Professional Management, with Strong Corporate Governance and support from Promoters and Investors
Muthoot Microfin IPO Financials Performance ( Results )
Muthoot Microfin Limited Financial Information (Restated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 4,183.85 | 696.28 | 7.05 | 889.89 | 642.84 | |||
| 31-Mar-22 | 5,591.46 | 842.94 | 47.40 | 1,336.58 | 1,040.10 | |||
| 31-Mar-23 | 8,529.20 | 1,446.34 | 163.89 | 1,625.85 |
Objective of Muthoot Microfin IPO Issue
- The Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting the capital base to meet future capital requirements. The main objects and objects incidental and ancillary to the main objects set out in the Memorandum of Association enable the company:
- (i) to undertake our existing business activities, and (ii) 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 IPO Basic Details
| IPO Date | Dec 18, 2023 to Dec 20, 2023 |
| Listing Date | Thursday, December 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹277 to ₹291 per share |
| Lot Size | 51 Shares |
| Issue Size | 32,989,690 shares of ₹10 (aggregating up to ₹960.00 Cr) |
| Fresh Issue | 26,116,838 shares of ₹10 (aggregating up to ₹760.00 Cr) |
| Offer for Sale | 6,872,852 shares of ₹10 (aggregating up to ₹200.00 Cr) |
| Employee Discount | Rs 14 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 116,837,249 |
| Share holding post issue | 142,954,087 |
| Company Promoters | Thomas John Muthoot, Thomas Muthoot, Thomas George Muthoot, Preethi John Muthoot, Remmy Thomas, Nina George and Muthoot Fincorp Limited |
Muthoot Microfin IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Muthoot Microfin IPO Timetable
Muthoot IPO will open on December 18, 2023 and close on December 20, 2023. You can join Muthoot IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 18 December 2023 (Monday) |
| Closing Date | 20 December 2023 (Wednesday) |
| Basis of Allotment | 21 December 2023 (Thursday) |
| Initiation of Refunds | 22 December 2023 (Friday) |
| Credit of Shares to Demat | 22 December 2023 (Friday) |
| Listing Date | 26 December 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 20 December 2023 |
Muthoot IPO Lot Size
For retail investors in Muthoot IPO, 51 shares will come in 1 lot or the minimum investment will be ₹14,841. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹192,933.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 51 | ₹14,841 |
| Retail (Max) | 13 | 663 | ₹192,933 |
| S-HNI (Min) | 14 | 714 | ₹207,774 |
| S-HNI (Max) | 67 | 3,417 | ₹994,347 |
| B-HNI (Min) | 68 | 3,468 | ₹1,009,188 |
Muthoot Microfin IPO Promoter Holding
The company’s promoters include Thomas John Muthoot, Thomas Muthoot, Thomas George Muthoot, Preethi John Muthoot, Remmy Thomas, Nina George and Muthoot Fincorp Limited.
| Pre Issue Share Holding | 69.08% |
| Post Issue Share Holding | 55.47% |
Muthoot Microfin Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 4960.82 |
| Earning Per Share (EPS) | ₹11.98 per Equity Share |
| Net Asset Value (NAV) | ₹139.15 per Equity Share |
| P/E Ratio (P/E) (x) | 24.96 |
| Post P/E Ratio (P/E) (x) | 25.38 |
| Return on Net Worth (RoNW) (%) | 10.08 |
| Return on equity (ROE) (%) | 11.06 |
| Debt/Equity Ratio | 3.99 |
Muthoot Microfin Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Price Book |
| Muthoot Microfin Limited | Consolidated | 10.00 | 14.19 | 25.38 | 10.08 | 139.15 | |
| Peer Group | |||||||
| Equitas Small Finance Bank Limited | Consolidated | 10.00 | 4.71 | 17.57 | 11.12 | 46.44 | 1.77 |
| Ujjivan Small Finance Bank Limited | Consolidated | 10.00 | 5.88 | 6.33 | 27.79 | 20.25 | 1.83 |
| CreditAccess Grameen Limited | Consolidated | 10.00 | 52.04 | 26.67 | 16.18 | 326.89 | 4.23 |
| Spandana Sphoorty Financial Limited | Consolidated | 10.00 | 1.74 | 381.72 | 0.40 | 436.58 | 1.52 |
| Bandhan Bank Limited | Consolidated | 10.00 | 13.62 | 17.32 | 11.21 | 121.58 | 1.94 |
| Suryoday Small Finance Bank Limited | Consolidated | 10.00 | 7.32 | 22.31 | 4.90 | 149.28 | 1.09 |
| Fusion Micro Finance Limited | Consolidated | 10.00 | 43.29 | 12.60 | 16.67 | 230.74 | 2.36 |
Muthoot Microfin IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹22 | – | – |
| 20 December 2023 | ₹25 | – | – |
| 19 December 2023 | ₹65 | – | – |
| 18 December 2023 | ₹72 | – | – |
| 17 December 2023 | ₹75 | – | – |
| 16 December 2023 | ₹80 | – | – |
Muthoot Microfin IPO Detail Video:
link
Muthoot Microfin IPO Subscription Status (Bidding Detail)
The Muthoot Microfin IPO on December 20, 2023 at 7:30:00 PM was subscribed 12.30 times, with the retail category being subscribed 8.00 times, the NII (Non-Institutional Investor) category being subscribed 13.87 times, QIB (Qualified-Institutional Buyers) category being subscribed 18.35 times.
| Category | Subscription |
| QIB | 18.35x |
| NII | 13.87x |
| Retail | 8.00x |
| Total | 12.30x |
Muthoot Microfin IPO Prospectus
| Muthoot Microfin IPO DRHP | Download |
| Muthoot Microfin IPO RHP | Download |
| Muthoot Microfin IPO Anchor Investors Details PDF | Download |
Muthoot Microfin IPO Rating
| Our Rating | 3.5/5.0 |
Muthoot Microfin Company Contact Information
Muthoot Microfin Limited
Registered Office: 13th Floor, Parinee Crescenzo, Bandra Kurla Complex, Bandra East, Mumbai 400051, Maharashtra, India
Administrative Office: 5th Floor, Muthoot Towers, M.G. Road, Ernakulam 682 035, Kerala, India
Tel: +91 48 4427 7500
Website: www.muthootmicrofin.com
Contact person: Neethu Ajay, Company Secretary and Chief Compliance Officer
E-mail: info@muthootmicrofin.com
Corporate Identity Number: U65190MH1992PLC066228
The Promoters of Our Company: Thomas John Muthoot, Thomas Muthoot, Thomas George Muthoot, Preethi John Muthoot, Remmy Thomas, Nina George and Muthoot Fincorp Limited
Muthoot Microfin IPO Registrar
KFin Technologies Limited
Registered Office: Selenium, Tower B, Plot No. 31 and 32, Gachibowli, Financial District Nanakramguda, Serilingampally, Hyderabad 500 032, Telangana, India
Tel: +91 40 6716 2222
E-mail: muthoot.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration No.: INR000000221
Muthoot Microfin IPO Lead Manager
ICICI Securities Limited
Registered Office: ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi
Mumbai 400 025, Maharashtra, India
Tel: +91 22 6807 7100
E-mail: mmflipo@icicisecurities.com
Investor grievance e-mail: customercare@icicisecurities.com
Website: www.icicisecurities.com
Contact Person: Sumit Singh
SEBI Registration No.: INM000011179
Axis Capital Limited
Registered Office: 1st Floor, C-2, Axis House, Wadia International Centre, P.B. Marg, Worli
Mumbai 400 025, Maharashtra, India
Tel: +91 22 4325 2183
E-mail: mmfl.ipo@axiscap.in
Investor grievance e-mail: complaints@axiscap.in
Website: www.axiscapital.co.in
Contact Person: Harish Patel
SEBI Registration No.: INM000012029
JM Financial Limited
Registered Office: 7th Floor, Cnergy Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra, India
Tel: +91 22 6630 3030
E-mail: muthootmicrofin.ipo@jmfl.com
Investor grievance e-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact Person: Prachee Dhuri
SEBI Registration No.: INM000010361
SBI Capital Markets Limited
Registered Office: 1501, 15th Floor, Parinee Crescenzo G Block, Bandra Kurla Complex
Bandra (East), Mumbai 400051, Maharashtra, India
Tel: +91 22 4006 9807
E-mail: mml.ipo@sbicaps.com
Investor grievance e-mail: investor.relations@sbicaps.com
Website: www.sbicaps.com
Contact Person: Aditya Deshpande/ Janvi Talajia
SEBI Registration No.: INM000003531
Muthoot Microfin IPO FAQs
What is the lot size of Muthoot Microfin IPO?
The total size of Muthoot Microfin IPO is ₹960.00 crores out of which ₹760.00 crores is fresh issue and ₹200.00 crores is offer for sale (OFS).
When will Muthoot Microfin IPO start?
Muthoot Microfin IPO will open from 18 December 2023 and IPO will close on 20 December 2023.
What is the open date of Muthoot Microfin IPO?
Muthoot Microfin IPO will open date from 18 December 2023.
What is the last date ( close date ) of Muthoot Microfin IPO?
Muthoot Microfin IPO will close from 20 December 2023.
What is the price band of Muthoot Microfin IPO?
Muthoot Microfin IPO price band is ₹277 to ₹291.
What is the minimum amount required to apply for Muthoot Microfin IPO?
The minimum investment for retailers to apply for Muthoot Microfin IPO is ₹14,841 and the maximum investment is ₹192,933.
What is going on gray market premium of Muthoot Microfin IPO?
View gray market premium of Muthoot Microfin IPO by Clicking Here
How much is the GMP of Muthoot Microfin IPO?
Watch Muthoot Microfin IPO GMP Today: Click Here
What is the allotment date of Muthoot Microfin IPO?
The allotment date of Muthoot Microfin IPO is 21 December 2023.
How to check allotment status in Muthoot Microfin IPO?
To check the allotment status of Muthoot Microfin IPO, first of all go to the registrar website by clicking here, select your bad Muthoot Microfin IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Muthoot Microfin IPO?
The listing date of Muthoot Microfin IPO is 26 December 2023.
How much will be the listing gain in Muthoot Microfin IPO?
View listing gain of Muthoot Microfin IPO by Clicking Here
How much time Muthoot Microfin IPO is subscribed?
Total 12.30 times subscribed in Muthoot Microfin IPO out of which 8.00 times subscription was done in retail quota, 13.87 times subscription in NII quota and 18.35 times subscription in QIB quota.
How to apply for Muthoot Microfin IPO from Upstox?
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