Muthoot Microfin IPO Overview: Muthoot Microfin is set to make its market debut with the IPO scheduled to run from December 18 to December 20, aiming to raise approximately ₹960 crores. This includes a fresh issue of ₹760 crores and an offer for sale of up to ₹200 crores at ₹10 per share. The IPO allocation structure designates 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net Worth Individuals (HNI).
As a leading microfinance institution, Muthoot Microfin specializes in providing micro-loans primarily to women customers, focusing on rural areas across India. According to the CRISIL Report, they hold the fourth position among NBFC-MFIs in India based on their gross loan portfolio as of December 31, 2022. Additionally, they rank as the third-largest NBFC-MFI in South India and claim the top spot in Kerala with the largest market share. In Tamil Nadu, they maintain a significant market presence, commanding almost 16% of the share, as per the same report.
As of March 31, 2023, Muthoot Microfin’s gross loan portfolio stands at ₹92,082.96 million, serving 2.77 million active customers through a network of 1,172 branches in 321 districts across 18 states and union territories. The company’s branches, strategically located in easily accessible commercial spaces, are supported by robust IT networks.
Being an integral part of the Muthoot Pappachan Group, a diversified conglomerate spanning financial services, automotive, hospitality, real estate, IT infrastructure, precious metals, and alternate energy, Muthoot Microfin benefits from the group’s rich legacy of over 50 years in the financial services sector. Within the Muthoot Pappachan Group, Muthoot Microfin holds the distinction of being the second-largest company based on Assets Under Management (AUM) for the Financial Year 2023. The flagship company of the group, MFL, currently holds a 54.16% stake in Muthoot Microfin on a fully diluted basis, as of the date of this Draft Red Herring Prospectus.
Investors are closely eyeing Muthoot Microfin’s IPO, considering its significant role in the microfinance sector and its strong ties with the esteemed Muthoot Pappachan Group.
Purpose of the Offering:
The company intends to use the proceeds from the Fresh Issue to reinforce its capital base, aligning with future capital requirements. The specified objectives, as outlined in the Memorandum of Association, empower the company to engage in its current business operations and fund the activities proposed for financial support from the Net Proceeds. Additionally, the company anticipates valuable outcomes from listing the Equity Shares on Stock Exchanges, such as bolstering its brand image among current and prospective customers and establishing a public market for the Equity Shares in India.
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Muthoot Microfin IPO: Information on Date and Price Band.
| IPO Open: | 18-December-2023 |
| IPO Close: | 20-December-2023 |
| IPO Size: | Approx ₹960 Crores |
| Fresh Issue: | Approx ₹760 Crores |
| Offer for Sale: | Approx ₹200 Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹277 to ₹291 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | ₹14 per share for Employee |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
The market lot for Muthoot Microfin IPO:
The minimum market lot for the Muthoot Microfin IPO is 51 shares, requiring an application amount of ₹14,841. Retail investors have the option to apply for up to 13 lots, totaling 663 shares or an amount of ₹192,933.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 51 | ₹14,841 |
| Retail Maximum | 13 | 663 | ₹192,933 |
| S-HNI Minimum | 14 | 714 | ₹207,774 |
| B-HNI Minimum | 68 | 3,468 | ₹1,009,188 |
Muthoot Microfin IPO: Allotment and Listing Dates.
The Muthoot Microfin IPO is scheduled to open on December 18 and will conclude on December 20. The finalization of IPO allotments is set for December 21, with the shares expected to be listed on December 26. Investors are advised to mark these dates for their reference.
| Anchor Investors Allotment: | 17-December-2023 |
| IPO Open Date: | 18-December-2023 |
| IPO Close Date: | 20-December-2023 |
| Basis of Allotment: | 21-December-2023 |
| Refunds: | 22-December-2023 |
| Credit to Demat Account: | 22-December-2023 |
| IPO Listing Date: | 26-December-2023 |
You may monitor the subscription status and allotment status of the IPO on their respective pages.
Applying for Muthoot Microfin IPO
To participate in the Muthoot Microfin IPO, you have two convenient options. Firstly, you can apply through ASBA available in your bank account. Simply log in to your online bank account, navigate to the Invest section, and choose the Muthoot Microfin IPO for application. Alternatively, you can opt for IPO forms downloaded from NSE and BSE. Access the Muthoot Microfin forms, download the blank IPO forms, fill them out, and submit them either through your bank or with your broker. Choose the method that suits you best to be part of the IPO process.
Muthoot Microfin Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹696 | ₹687 | ₹7.05 |
| 2022 | ₹843 | ₹778 | ₹47.40 |
| 2023 | ₹1446 | ₹1233 | ₹163.89 |
Muthoot Microfin IPO Valuation – FY2023
Check Muthoot Microfin IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹14.19 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 10.08% |
| Net Asset Value (NAV): | ₹139.15 per Equity Share |
Peer Group
- Equitas Small Finance Bank Limited
- Ujjivan Small Finance Bank Limited
- CreditAccess Grameen Limited
- Spandana Sphoorty Financial Limited
- Bandhan Bank Limited
- Suryoday Small Finance Bank Limited
- Fusion Micro Finance Limited
Company Promoters
- Thomas John Muthoot
- Thomas Muthoot
- Thomas George Muthoot
- Preethi John Muthoot
- Remmy Thomas
- Nina George
- Muthoot Fincorp Limited
Muthoot Microfin IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: muthoot.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Muthoot Microfin IPO Allotment Status Check
Check Muthoot Microfin IPO allotment status on KFintech website allotment URL. Click Here
Muthoot Microfin IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Axis Capital Limited
- Jm Financial Limited
- SBI Capital Markets Limited
Company Address
Muthoot Microfin Limited
13th Floor, Parinee Crescenzo,
Bandra Kurla Complex
Bandra East, Mumbai 400 051,
Phone: +91 48 4427 7500
Email: info@muthootmicrofin.com
Website: https://muthootmicrofin.com/
Muthoot Microfin IPO FAQs
What is the Muthoot Microfin IPO date?
The Muthoot Microfin IPO is scheduled to open on December 18 and will close on December 20.
What is the minimum market lot for the Muthoot Microfin IPO?
The minimum market lot for the Muthoot Microfin IPO is 51 shares, with an application amount of ₹14,841.
When will the Muthoot Microfin IPO allotment be finalized?
The IPO allotment for Muthoot Microfin is expected to be finalized on December 21.
When is the listing date for Muthoot Microfin IPO?
The shares from the Muthoot Microfin IPO are set to be listed on December 26.
How can I apply for the Muthoot Microfin IPO?
You can apply for the Muthoot Microfin IPO via ASBA in your bank account online. Alternatively, you can download IPO forms from NSE and BSE, fill them, and submit them through your bank or broker.
