Muthoot Microfin Limited is gearing up for its IPO launch slated from December 18th to December 20th, 2023. Specializing in providing micro-loans to women, the company's IPO comprises a fresh issue of 26,116,838 shares valued at Rs. 760.00 crore, alongside an Offer-for-Sale (OFS) of 6,872,852 shares amounting to Rs. 200.00 crore, resulting in a combined IPO size of Rs. 960.00 crore. Share allotment for this offering is scheduled for December 21st, with the IPO set to debut on the stock exchanges by December 26th, featuring a price band ranging from Rs. 277 to Rs. 291 per share and a lot size set at 51 shares.
For this financial endeavor, the book-running lead managers include ICICI Securities Limited, Axis Capital Limited, JM Financial Limit, and SBI Capital Markets Limited, while KFin Technologies Limited is designated as the registrar.
Established in 1991, Muthoot Microfin Limited specializes in providing micro-loans to empower women economically, particularly in rural India, as part of the Muthoot Pappachan Group. As of December 2022, it ranked fourth among the largest NBFC-MFIs in gross loan portfolio and was a leading player in South India and Kerala, holding significant market shares. In Tamil Nadu, its market share reached approximately 16%. By March 2023, the company's gross loan portfolio totaled Rs. 92,082.96 million.
Driven by a commitment to financial inclusion, Muthoot Microfin serves 2.77 million active customers through 1172 branches across 321 districts in 18 Indian States and union territories, focusing on empowering women in rural areas by enabling them to generate sustainable livelihoods.
Muthoot Microfin Limited is gearing up for its IPO scheduled to be available for subscription from December 18th to December 20th, 2023. Allocation of shares is set for December 21st, 2023, with the IPO slated for listing on the stock exchanges on December 26th.
| IPO Open Date | 18th December 2023 (Monday) |
| IPO Close Date | 20th December 2023 (Wednesday) |
| Allotment Date | 21st December 2023 (Thursday) |
| Initiation of Refunds | 22nd December 2023 (Friday) |
| Credit to Demat Account | 22nd December 2023 (Friday) |
| Listing Date | 26th December 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 20th December 2023 (Wednesday) |
| IPO Date | 18th to 20th December 2023 |
| Listing Date | 26th December 2023 |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 277 to Rs. 291 per share |
| Lot Size | 51 Shares |
| Total Issue Size | 32,989,690 shares (aggregating up to Rs. 960.00 Cr) |
| Fresh Issue | 26,116,838 shares (aggregating up to Rs. 760.00 Cr) |
| Offer for Sale | 6,872,852 shares of Rs. 10 (aggregating up to Rs. 200.00 Cr) |
| Employee Discount | Rs 14 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE and BSE |
| Share holding pre issue | 116,837,249 |
| Share holding post issue | 142,954,087 |
Between the financial years ending on March 31, 2023, and March 31, 2022, Muthoot Microfin Limited witnessed a substantial upsurge in its financial performance. The company experienced a remarkable 71.58% increase in revenue and a notable surge of 245.77% in its profit after tax (PAT).
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,529.20 | 5,591.46 | 4,183.85 |
| Revenue | 1,446.34 | 842.94 | 696.28 |
| Profit After Tax | 163.89 | 47.40 | 7.05 |
| Net Worth | 1,625.85 | 1,336.58 | 889.89 |
| Reserves and Surplus | 1,282.15 | 1,040.10 | 642.84 |
| Total Borrowing | 6,493.18 | 3,996.61 | 3,015.66 |
| Amount in Rs. Crore | |||
What is Muthoot Microfin IPO?
The Muthoot Microfin IPO constitutes a main-board offering, comprising 32,989,690 equity shares with a face value of Rs. 10, totaling Rs. 960.00 Crores. Priced between Rs. 277 to Rs. 291 per share, the minimum order quantity stands at 51 shares. The IPO subscription window spans from December 18th to December 20th, 2023.
When Muthoot Microfin IPO will open for apply?
The Muthoot Microfin IPO is scheduled to open for application on December 18, 2023.
What are the minimum lot size and investment needed for participating in the Muthoot Microfin IPO?
The Muthoot Microfin IPO mandates a minimum lot size of 51 shares, necessitating an investment totaling Rs. 14,127.
When is Muthoot Microfin IPO allotment date?
The allotment date for the Muthoot Microfin IPO is expected to be finalized on Thursday, December 21, 2023.
What is the Muthoot Microfin IPO listing date?
The Muthoot Microfin IPO is anticipated to be listed on the NSE and BSE platform with a tentative listing date set for Tuesday, December 26, 2023.
What is the price band of Muthoot Microfin IPO?
The price band for the Muthoot Microfin IPO is set between Rs. 277 to Rs. 291 per share.
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