Muthoot Microfin IPO Date, Review, Price, Allotment Details

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. They are the fourth largest NBFC-MFI in India in terms of gross loan portfolio as of December 31, 2022, as per CRISIL Report. They are also the third largest amongst NBFC-MFIs in South India in terms of the 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, as per CRISIL Report.

As of March 31, 2023, Muthoot Microfin’s gross loan portfolio amounted to ₹92,082.96 million. As of March 31, 2023, the company has 2.77 million active customers, who are serviced by 10,227 employees across 1,172 branches in 321 districts in 18 states and union territories in India. Their branches are connected to our IT networks and are primarily located in commercial spaces which we believe are easily accessible by our customers.

They are 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. They are the second largest company under the Muthoot Pappachan Group, in terms of AUM for the Financial Year 2023. MFL, the flagship company of the Muthoot Pappachan Group, holds 54.16% of the pre-Offer Equity Share capital in our Company, on a fully diluted basis, as of the date of this Draft Red Herring Prospectus.

Objects of the Issue

• The Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting the capital base to meet future capital requirements. The main objects and objects incidental and ancillary to the main objects set out in the Memorandum of Association enable the company:
• (i) to undertake our existing business activities, and
• (ii) to undertake the activities proposed to be funded from the Net Proceeds. Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, including enhancing the brand image among existing and potential customers and creating a public market for the Equity Shares in India.

Muthoot Microfin IPO Review (Apply or Not)

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Brokerage Firm IPO Review

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Muthoot Microfin IPO Date & Price Band Details

Muthoot Microfin IPO Market Lot

The Muthoot Microfin IPO minimum market lot is 51 shares with ₹14,841 application amount. The retail investors can apply up-to 13 lots with 663 shares or ₹192,933 amount.

Muthoot Microfin IPO Allotment & Listing Dates

The Muthoot Microfin IPO date is December 18 and the close date is December 20. The Muthoot Microfin IPO allotment will be finalized on December 21 and the IPO listing on December 26.

You can check IPO subscription status and IPO allotment status on their respective pages.

Muthoot Microfin IPO Form

How to apply for the Muthoot Microfin IPO? You can apply for Muthoot Microfin IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Muthoot Microfin IPO in the Invest section. The other option is you can apply for Muthoot Microfin IPO via IPO forms downloaded via NSE and BSE. Check out the Muthoot Microfin forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Muthoot Microfin Company Financial Report

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.

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: [email protected]
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: [email protected]
Website: https://muthootmicrofin.com/

Muthoot Microfin IPO FAQs