The microfinance company Muthoot Microfin IPO will be hit the market 18 December 2023 and close on 20 December 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹960 crore through IPO. The company will issue fresh shares of ₹760 crores through this IPO and will issue shares through offer for sale of ₹200 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Muthoot Microfin Limited is a microfinance institution providing micro-loans to women customers primarily for income generation purposes) with a focus on rural regions of India. The company is the fourth largest NBFC-MFI in India in terms of gross loan portfolio as of December 31, 2022. You can check Muthoot Microfin IPO GMP here.
The company is also the third largest amongst NBFC-MFIs in South India in terms of gross loan portfolio, the largest in Kerala in terms of MFI market share, and a key player in Tamil Nadu with an almost 16% market share, as of December 31, 2022.
| Read also: Upcoming IPO List 2023 |
The company is a part of the Muthoot Pappachan Group, a business conglomerate with a presence across financial services, automotive, hospitality, real estate, information technology infrastructure, precious metals, and alternate energy sectors.
The Muthoot Pappachan Group has a history of over 50 years in the financial services business. The company is the second largest company under the Muthoot Pappachan Group, in terms of AUM for the Financial Year 2023. You can check Muthoot Microfin IPO subscription status here.
Object Of the Issue :
- To undertake our existing business activities.
- To undertake the activities proposed to be funded from the Net Proceeds.
Company Strengths :
- Market leadership with a pan-India presence.
- Rural-focused operations, with a commitment towards the 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.
- A 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 Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹163.89 Cr ₹291 /EQ 14.19 20.36x 11.06 % 11.08 % – % 3.99 ₹112.63 ₹8529.20 Cr ₹4960.82 Cr 69.08 % 55.47 % |
| Team Review : | ✔ Apply For Long Term |
Muthoot Microfin IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 18 December 2023 |
| IPO Close : | 20 December 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹277 – ₹291 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹960.00 Cr {32,989,690 Shares} |
| Fresh Issue : | ₹760.00. Cr {26,116,838 Shares} |
| Offer For Sale : | ₹200.00 Cr {6,872,852 Shares} |
| EMP Discount : | ₹14 Per Share |
Muthoot Microfin IPO Market Lot :
Muthoot Microfin IPO Minimum Market lot is 1 Lot with 51 shares with ₹14,841 Application amount. The retail investors can apply up to 13 lots with 663 Shares or ₹192,933 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 51 | ₹14,841 |
| Retail Maximum : | 13 | 663 | ₹192,933 |
| S-HNI Minimum : | 14 | 714 | ₹207,774 |
| S-HNI Maximum : | 67 | 3417 | ₹994,347 |
| B- HNI Minimum : | 68 | 3468 | ₹1,009,188 |
Muthoot Microfin IPO Reservation :
Muthoot Microfin IPO Total Reservation of – shares are to be bid for the public issue by Muthoot Microfin IPO with – for QIB and – for NII – For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | – | ₹- |
| NII : | 15% | – | ₹- |
| RII : | 35% | – | ₹- |
| Total : | 100% | – | ₹- |
Muthoot Microfin IPO EPS & RoNW :
The Muthoot Microfin company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹14.19 | 10.08% | ₹112.63 |
| 2022 | ₹4.15 | 3.55% | ₹97.74 |
| 2021 | ₹0.62 | 0.79% | ₹77.94 |
Muthoot Microfin IPO Peer Comparison PE :
The Muthoot Microfin, According to the RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Equitas Small Finance Bank | 20.29 |
| 2. | Ujjivan Small Finance Bank | 9.33 |
| 3. | CreditAccess Grameen | 32.47 |
| 4. | Spandana Sphoorty Financial | 551.18 |
| 5. | Bandhan Bank | 15.59 |
| 6. | Suryoday Small Finance Bank | 21.73 |
| 7. | Fusion Micro Finance | 13.46 |
Muthoot Microfin IPO Dates :
Muthoot Microfin’s IPO Date is 18 December 2023 and closes on 20 December 2023. The allotment will be finalized on 21 December 2023 and the IPO may list on 26 December 2023.
| Anchor Date : | 17 December 2023 |
| Open Date : | 18 December 2023 |
| Close Date : | 20 December 2023 |
| Allotment Date : | 21 December 2023 |
| Refund Date : | 22 December 2023 |
| Share Credit Date : | 22 December 2023 |
| Listing Date : | 26 December 2023 |
Muthoot Microfin IPO Form :
There are two ways to apply for Muthoot Microfin IPO. You can apply for Muthoot Microfin IPO through ASBA available in your bank account. You have to go to your online bank login select Muthoot Microfin IPO in the Invest section and apply through your bank account. Another option is you apply for Muthoot Microfin IPO through IPO form download through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Muthoot Microfin Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹1,446.34 | ₹1233.47 | ₹163.89 |
| 2022 | ₹842.94 | ₹778.22 | ₹47.40 |
| 2021 | ₹696.28 | ₹687.23 | ₹7.05 |
Company Promoters :
■ Thomas Muthoot
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Muthoot Microfin IPO Lead Managers :
■ ICICI Securities Limited
■ Axis Capital Limited
■ Jm Financial Limited
■ SBI Capital Markets Limited
Muthoot Microfin IPO Registrar :
KFin Technologies Limited
Selenium Tower B, Plot No. 31, 32
Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad, 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.kfintech.com
Note: Check Muthoot Microfin IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Muthoot Microfin Limited
5th Floor Muthoot Towers
M.G. Road, Ernakulam 682 035
Kerala, India
Telephone: +91 48 4427 7500
Email: [email protected]
Website: www.muthootmicrofin.com
Muthoot Microfin IPO FAQs :
What is Muthoot Microfin IPO?
Muthoot Microfin IPO is a Mainboard IPO. They are going to raise ₹960.00 Crores via IPO. The issue is priced at ₹277-₹291 per equity share. The IPO is to be listed on NSE, and BSE.
When Muthoot Microfin IPO will open?
The IPO is to open on 18 Dec – 20 Dec for QIB, NII & RII.
What is Muthoot Microfin IPO Size?
Muthoot Microfin’s IPO size is ₹960.00 Crores.
What is the Fresh issue size of the Muthoot Microfin IPO?
The Fresh issue size of Muthoot Microfin IPO ₹760.00 Cr.
What is the Offer For Sale size of Muthoot Microfin IPO?
The Offer For Sale size of Muthoot Microfin IPO ₹200.00 Cr.
What is the Muthoot Microfin IPO Price Band?
Muthoot Microfin IPO Price Band is ₹277-₹291 Per share.
What is Muthoot Microfin IPO Minimum and Maximum Lot Size?
The minimum is 51 Shares with ₹14,841 amount while the maximum is 663 shares with ₹192,933.
What is Muthoot Microfin IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is the Muthoot Microfin IPO Allotment Date?
Muthoot Microfin IPO allotment date will be 21 December 2023.
What is the Muthoot Microfin IPO Listing Date?
Muthoot Microfin’s IPO listing date will be 26 December 2023. The IPO is to be listed on NSE, and BSE.
How to Apply the Muthoot Microfin IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Muthoot Microfin IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Muthoot Microfin IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Muthoot Microfin IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Muthoot Microfin IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Muthoot Microfin IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Muthoot Microfin IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Muthoot Microfin IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Muthoot Microfin IPO GMP: Click Here Muthoot Microfin IPO Subscription: Click Here Muthoot Microfin IPO Allotment: Click Here Muthoot Microfin IPO Listing: Click Here Muthoot Microfin IPO Web Story: Click Here |
All Muthoot Microfin IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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