Muthoot Microfin IPO Date, Review, Price, Allotment Details

Muthoot Microfin IPO Details: Muthoot Microfin IPO date is fixed, the IPO is to hit the market on December 18 and will close on December 20. Muthoot Microfin IPO to raise around ₹960 crores via IPO that comprises fresh issue of ₹760 crores and offer for sale up to ₹200 crores of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Muthoot Microfin IPO

Table of Contents

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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  • Swastika Investmart: Apply

Muthoot Microfin IPO Date & Price Band Details

IPO Open:December 18, 2023
IPO Close:December 20, 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

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.

ApplicationLot SizeSharesAmount
Retail Minimum151₹14,841
Retail Maximum13663₹192,933
S-HNI Minimum14714₹207,774
B-HNI Minimum683,468₹1,009,188

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.

Anchor Investors Allotment:December 17, 2023
IPO Open Date:December 18, 2023
IPO Close Date:December 20, 2023
Basis of Allotment:December 21, 2023
Refunds:December 22, 2023
Credit to Demat Account:December 22, 2023
IPO Listing Date:December 26, 2023

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

  ₹ in Crores
YearRevenueExpensePAT
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: [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

What is Muthoot Microfin IPO?

Muthoot Microfin IPO is a main-board IPO. They are going to raise ₹960 Crores via IPO. The issue is priced at ₹277 to ₹291 pr equity share. The IPO is to be listed on BSE & NSE.

When Muthoot Microfin IPO will open?

The IPO is to open on December 18, 2023 for QIB, NII, and Retail Investors.

What is Muthoot Microfin IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Muthoot Microfin IPO?

You can apply for Muthoot Microfin IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Muthoot Microfin IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Muthoot Microfin”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Muthoot Microfin IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Muthoot Microfin”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Muthoot Microfin IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Muthoot Microfin”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Muthoot Microfin IPO Size?

Muthoot Microfin IPO size is ₹960 crores.

What is Muthoot Microfin IPO Price Band?

Muthoot Microfin IPO Price Band is ₹277 to ₹291.

What is the Muthoot Microfin IPO Allotment Date?

Muthoot Microfin IPO allotment date is December 21, 2023.

What is the Muthoot Microfin IPO Listing Date?

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

Note: The Muthoot Microfin IPO price band and date are officially announced. The IPO grey market premium (Muthoot Microfin IPO Premium) will be added to the IPO grey market page as it will start).

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