Muthoot Microfin IPO Review

 
Muthoot Microfin IPO Review

IPO Open Date: December 18, 2023

IPO Close Date: December 20, 2023

IPO Price: ₹277 to ₹291 per share

Lot Size: 51 Shares

Listing: December 26, 2023

Muthoot Microfin is scheduled to hit the market on December 18, 2023 and close on December 20, 2023. Muthoot Microfin plans to raise around ₹960.00 Cr through an IPO with a sale of up to 32,989,690 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Established in April 1992, Muthoot Microfin Limited stands out as a prominent microfinance institution, specializing in providing micro-loans to female customers, primarily for income generation purposes. The company focuses its operations on rural regions across India. As of December 31, 2022, Muthoot Microfin Limited holds the distinction of being the fourth largest NBFC-MFI in India based on its gross loan portfolio.

Notably, it claims the top position as the largest MFI in Kerala concerning market share and secures the third-largest spot among NBFC-MFIs in South India by gross loan portfolio. Furthermore, the company has a significant presence in Tamil Nadu, commanding an impressive market share of almost 16% as of December 31, 2022.

Muthoot Microfin


Muthoot Microfin IPO Details

Muthoot Microfin IPO opens on Dec 18, 2023, and closes on Dec 20, 2023. The Listing date for Muthoot Microfin IPO is on Dec 26, 2023. The price band for IPO is ₹277 to ₹291 per share and lot size of 51 Shares.

IPO DateDec 18, 2023 to Dec 20, 2023
Listing DateDec 26, 2023
Price₹277 to ₹291 per share
Lot Size51 Shares
Issue Size₹960.00 Cr
Face Value₹10 per share

Muthoot Microfin IPO Tentative Timetable

Muthoot Microfin opening date is December 18, 2023 and close date is December 20, 2023. The IPO allotment date is December 21, 2023. The refund initiation of IPO is on December 22, 2023. The credit of shares in demat account is on December 22, 2023. The listing date is on December 26, 2023.

EventDate
IPO OpeningDec 18, 2023
IPO ClosingDec 20, 2023
IPO Allotment DateDec 21, 2023
Refund InitiationDec 22, 2023
Shares Credit to DematDec 22, 2023
Lisiting DateDec 26, 2023

Muthoot Microfin IPO Lot Size

Lot Size of this IPO is 51 shares. A retail-individual investor can apply for up to 13 lots (663 shares or ₹192,933).

CategoryLotsSharesAmount
Retail(Minimum)151₹14,841
Retail(Maximum)13663₹192,933
S-HNI (Minimum)14714₹207,774
B-HNI (Minimum)683468₹1,009,188

Muthoot Microfin IPO Promoter Holding

Pre Issue Share Holding69.08%
Post Issue Share Holding55.47%

Muthoot Microfin IPO Review

Muthoot Microfin Limited, a significant player in India's microfinance sector, is gearing up for its IPO, presenting a compelling opportunity for investors. Established in 1992, the company has solidified its position as the fourth-largest NBFC-MFI in India by gross loan portfolio, with a focus on empowering female customers in rural areas for income generation. As of March 2023, Muthoot Microfin serves a vast customer base of 2.77 million through a well-established network of 1,172 branches across 18 states and union territories.

The company's core strengths include market leadership with a widespread presence, particularly in South India, where it ranks as the third-largest NBFC-MFI by gross loan portfolio. Muthoot Microfin's commitment to the welfare of its customers is evident in its focus on rural communities and initiatives promoting health and social welfare. Leveraging brand recall and synergies with the Muthoot Pappachan Group, the company has built a robust risk management framework, ensuring a healthy portfolio quality. Furthermore, its efficient operating model, coupled with technology optimization, underscores its commitment to streamlined and effective operations.

In terms of financial performance, Muthoot Microfin has witnessed a remarkable uptick, with a 71.58% increase in revenue and a substantial 245.77% rise in profit after tax between March 2022 and March 2023. As investors evaluate this IPO, a deeper analysis of the issue size, pricing details, and the company's strategic plans for the funds raised will provide valuable insights into the growth potential and sustainability of Muthoot Microfin Limited in the dynamic microfinance landscape.

Muthoot Microfin IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)Table not foundx
Non-Institutional BuyersTable not foundx
  bNII (bids above ₹10L)Table not foundx
  sNII (bids below ₹10L)Table not foundx
Retail Investors(RII)Table not foundx
EmployeesTable not foundx
OthersTable not foundx
TotalTable not foundx

Muthoot Microfin IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Muthoot Microfin IPO FAQs

What is Muthoot Microfin IPO?

Muthoot Microfin is issuing 32,989,690 equity shares with a face value of ₹10 each, totaling up to ₹960.00 Cr. The shares are being offered at a price of ₹277 to ₹291 each, with a minimum order quantity of 51 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Muthoot Microfin IPO will open?

Muthoot Microfin will open on December 18, 2023 for QIB, NII, and Retail Investors.

When Muthoot Microfin IPO will end?

Muthoot Microfin will end on December 20, 2023.

What is Muthoot Microfin IPO Size?

Muthoot Microfin IPO size is ₹960.00 Cr.

What is Muthoot Microfin IPO Price Band?

Muthoot Microfin price band is ₹277 to ₹291 per share.

What is the Muthoot Microfin IPO Allotment Date?

Muthoot Microfin allotment date is December 21, 2023.

What is the Muthoot Microfin IPO Listing Date?

Muthoot Microfin listing date is December 26, 2023. The IPO is to be listed on BSE and NSE.

How to Apply Muthoot Microfin IPO through Zerodha?

To apply for the IPO “Muthoot Microfin” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Muthoot Microfin IPO through Upstox?

To apply for the IPO “Muthoot Microfin” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Muthoot Microfin IPO Allotment Status?

For Muthoot Microfin IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Muthoot Microfin IPO GMP?

You can check out here: Muthoot Microfin IPO GMP

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