The initial public offering (IPO) of Muthoot Microfin will open for subscription on December 18 and close on December 20, is a fresh issue and offer for sale (OFS) of Rs. 960 crore from the primary market. An investor can make an application for the issue for a minimum of 51 shares and in multiples thereafter.
About Muthoot Microfin Company
Muthoot Microfin (1992) is a microfinance institution that provides microfinance loans to women with a focus on rural regions of India.
The company is the fourth-largest NBFC in terms of gross loan portfolio as of December 31, 2022, and third in South India.
The company has 1172 branches and 10277 employees as of March 2023.
Gross loan portfolio as of March 31, 2023:
56.96% South India
20.83% North India
13.33% East India
9.88% West India
Muthoot Microfin IPO Object
The objects of which the net proceeds from the issue shall be utilized are as follows:
Augmenting our capital base to meet future capital requirements
Muthoot Microfin Strength
- Market Leadership with a pan-India presence
- Rural Focused operations
- Brand recall and synergies with the Muthoot Pappachan Group
- Robust risk management framework leading to healthy portfolio quality
- Access to diversified sources of capital and effective cost of funds
- Experienced promoters and management team.
Muthoot Microfin Risk Factor
- The company business is vulnerable to interest rate risk and volatility in interest rates
- As NBFC- microfinance institutions are subject to periodic inspection by RBI
- There are several outstanding legal proceedings against our director and company.
Muthoot Microfin IPO Review & Rating
| Issue Size (Rs.) | 960 crore |
| Issue Price (Rs.) | 277-291 per share |
| Minimum Lot Size | 51 shares |
| Total Profit (March 2023) (Rs.) | 163.89 crore |
| P/E (%) | 24.96 |
| ROE (%) | 11.06 |
| Listing on | BSE and NSE |
| IPO Deliver Rating | Five |
Muthoot Microfin IPO Dates, Price Band & Details
Muthoot Microfin IPO will open on December 18, 2023, and close on December 20, 2023. The IPO list on December 26, 2023.
| Type of issue | Book Built Issue IPO |
| Issue Size(Rs.) | 960 crore |
| Price Brand(Rs.) | 277-291 |
| Face Value(Rs.) | 10/- per share |
| IPO Open Date | December 18, 2023 |
| IPO Close Date | December 20, 2023 |
| IPO Allotment Date | December 21, 2023 |
| Refund Date | December 22, 2023 |
| Share Credit Date | December 22, 2023 |
| Listing Date | December 26, 2023 |
Muthoot Microfin IPO Offer
Muthoot Microfin IPO’s total issue size is 32,989,690 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 26,116,838 | 760 |
| Offer for Sale (OFS) | 6,872,852 | 200 |
Muthoot Microfin Financials Review (million)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 14,287.64 | 8,325.06 | 6,841.67 |
| Net Worth | 16,258.49 | 13,365.79 | 8,898.90 |
| Profit | 1638.89 | 473.98 | 70.54 |
| Borrowings | 64931.76 | 39,966.09 | 30,156.58 |
Muthoot Microfin IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 14.19 | 4.15 | 0.62 |
| RoNW (%) | 10.08 | 3.55 | 0.79 |
| NAV (Rs.) | 139.15 | 117.07 | 77.94 |
Muthoot Microfin IPO Peer Comparison (Top 2)
There are listed companies in India that are comparable in all aspects of business.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Equitas Small Finance Bank | 4.71 | 11.12 | 46.44 |
| Ujjivan Small Finance Bank | 5.88 | 27.79 | 20.25 |
Muthoot Microfin Company Promoters
As per the DRHP and RHP, the company has seven promoters.
| Serial No. | Name |
| 01. | Thomas John Muthoot |
| 02. | Thomas Muthoot |
| 03. | Thomas George Muthoot |
| 04 | Preethi John Muthoot |
| 05. | Remmy Thomas |
| 06. | Nina George |
| 07. | Muthoot Fincrop Limited |
Muthoot Microfin Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 69.08 |
| Post-issue | 55.47 |
Muthoot Microfin IPO Reservation
Muthoot Microfin IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Qualified Institutional Buyers (QIB) | Not more than 50% of the issue size |
| Retail Individual Investor (RII) | Not less than 35% of the issue size |
| Non-Institutional Investor (NII)/ HNI | Not less than 15% of the issue size |
| Employee Reservation/Discount | Rs. 14 per share |
Muthoot Microfin IPO – Market Lot Size
An investor can apply for a minimum of 51 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 01 | 51 | 14,841 |
| Retail (Max.) | 13 | 663 | 1,92,933 |
| HNI (Min.) | 14 | 714 | 2,07,774 |
| HNI (Max.) | 67 | 2,417 | 9,34,347 |
Muthoot Microfin IPO – Prospectus
An investor can download/view the Muthoot Microfin prospectus copy, which the company filed to SEBI, details are as follows.
| Muthoot Microfin IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Muthoot Microfin IPO Registrar
Kfin Technologies Limited
Tel No.: +91-4067162222
E-Mail: aml.ipo@kfintech.com
Website: www.kfintech.com
Muthoot Microfin IPO lead manager
#1. ICICI Securities
#2. Axis Capital
#3. JM Financial
#4. SBI Caps
Muthoot Microfin IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Muthoot Microfin IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Muthoot Microfin Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Muthoot Microfin Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Muthoot Microfin Company Details
Muthoot Microfin Limited
Registered Office: 13 floor, Parinee, Crescenzo, Bandra Kurla Complex, Bandra East, Mumbai – 400051
Tel. No: +91-484427 7500
Email: info@muthootmicrofin.com
Website: www.muthootmicrofin.com
Investor Grievances/Compliance Officer: Mr. Neethu Ajay
Muthoot Microfin Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
Muthoot Microfin Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Thomas John Muthoot |
| 02. | Thomas Muthoot |
Muthoot Microfin IPO – Frequently Asked Questions (FAQs)
| #1. What is Muthoot Microfin IPO?
Muthoot Microfin brings its IPO of Rs. 960 crores, on December 18, 2023, with a price band of Rs. 277-291 per share. |
| #2. What is the Muthoot Microfin IPO Open date?
Muthoot Microfin IPO’s opening date is December 18, 2023. |
| #3. What is the Muthoot Microfin IPO Close Date?
Muthoot Microfin IPO’s closing date is December 20, 2023. |
| #4. What is the Muthoot Microfin IPO Listing date?
Muthoot Microfin IPO listing date is December 26, 2023. |
| #5. What is the Muthoot Microfin IPO Minimum investment amount?
Muthoot MicrofinIPO minimum investment amount is Rs. 14,841. |
| #6. What is the Muthoot Microfin IPO offer issue Size?
Muthoot Microfin offers an issue size of Rs. 960 crores. |
| #7. What is the Muthoot Microfin IPO Price Band?
Muthoot Microfin’s IPO price band is Rs. 277-291 per share. |
| #8. Is Muthoot Microfin IPO mainboard IPO or SME IPO?
Muthoot Microfin IPO is a mainboard IPO. |
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