Muthoot Microfin (MAINBOARD)
Dec 18, 2023 - Dec 20, 2023
| Price | ₹277 - ₹291 |
| Premium | ₹27 |
|---|---|
| Lot size | 51 |
| Allotment | Dec 21, 2023 |
| Listing | Dec 26, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 51 | 14841 | 223922 |
| sHNI | 14 | 714 | 207774 | 2285 |
| bHNI | 68 | 3468 | 1009188 | 4570 |
Last Updated as on 20-Dec-2023 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 6529209 | 119812923 | 18.35 |
| HNIs | 4896907 | 67911702 | 13.87 |
| HNIs (10+L) | 3264604 | 42308019 | 12.96 |
| HNIs (2-10L) | 1632303 | 25603683 | 15.69 |
| Retail | 11426117 | 91372416 | 8 |
| Employees | 361935 | 1882410 | 5.2 |
| Total | 23214168 | 280979451 | 12.1 |
| Total Application : 1,624,102 | |||
| QIB Cost (7 Days) per share | |||||
|---|---|---|---|---|---|
| @7% ₹7.17 | @8% ₹8.19 | @9% ₹9.22 | @10% ₹10.24 | @11% ₹11.26 | @12% ₹12.29 |
Incorporated in April 1992, Muthoot Microfin Limited is a microfinance institution that specializes in providing micro-loans to female customers, primarily for income generation purposes, focusing on rural regions of India. As of December 31, 2022, the company is the fourth largest NBFC-MFI in India in terms of gross loan portfolio. It is also the largest MFI in Kerala in terms of market share and the third largest NBFC-MFI in South India in terms of gross loan portfolio. Additionally, the company is a key player in Tamil Nadu, with an almost 16% market share, as of December 31, 2022.
As of March 31, 2023, Muthoot Microfin serves 2.77 million customers through 1,172 branches in 321 districts across 18 Indian states and union territories with the help of 10,227 employees.
The core strength of the company lies in the following:-
- The company is a market leader with a widespread presence throughout India.
- Muthoot Microfin focuses on serving rural communities and is committed to promoting its customers' health and social welfare.
- Brand recall and synergies with the Muthoot Pappachan Group
- A robust risk management framework results in a healthy portfolio quality.
- The company's operating model is designed to be efficient and optimize the use of technology. The company strives to leverage technology to the maximum extent possible to ensure that operations are streamlined and effective.
Muthoot Microfin IPO Details
| Issue Size | [.] shares (aggregating up to ₹960.00 Cr) |
| Fresh Issue | [26116838] shares (aggregating up to ₹760.00 Cr) |
| Offer for Sale | [6872852] shares of ₹10 (aggregating up to ₹200.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 116,837,249 |
| Share holding post issue | 156,088,609 |
Muthoot Microfin IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Company Financials
Muthoot Microfin Limited Financial Information (Restated)
Muthoot Microfin Limited's revenue increased by 71.58% and profit after tax (PAT) rose by 245.77% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 8,529.20 | 5,591.46 | 4,183.85 |
| Revenue | 1,446.34 | 842.94 | 696.28 |
| Profit | 163.89 | 47.40 | 7.05 |
| Net Worth | 1,625.85 | 1,336.58 | 889.89 |
| Reserves | 1,282.15 | 1,040.10 | 642.84 |
| Borrowing | 6,493.18 | 3,996.61 | 3,015.66 |
| Amount in ₹ Crore | |||
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: muthoot.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/