Muthoot Microfin IPO GMP, Price, Date, Allotment

Last updated on December 27, 2023

Muthoot Microfin IPO Description – Muthoot Microfin is dedicated to extending micro-loans, predominantly to women customers, with a primary focus on fostering income generation in rural pockets of India. Employing a joint liability group model, it exclusively caters to women in lower-income households, championing the cause of financial inclusion. As of December 31, 2022, it stands as the fourth-largest Non-Banking Financial Company-Microfinance Institution (NBFC-MFI) in India based on its substantial gross loan portfolio. Furthermore, in South India, it claims the third-largest position among NBFC-MFIs, securing the top spot in Kerala concerning MFI market share and playing a pivotal role in Tamil Nadu with an impressive 16% market share.

As of March 31, 2023, the company’s gross loan portfolio stands at INR 92,082.96 million, serving a commendable 2.77 million active customers. A dedicated workforce of 10,227 employees operates across 1,172 branches, strategically positioned in 321 districts within 18 states and union territories of India. Muthoot Microfin has meticulously expanded its branch network, with a strategic focus on underserved rural markets with growth potential, ensuring seamless access for its valued customers.

Backing its mission are noteworthy investors, Creation Investments India LLC and Greater Pacific Capital WIV Ltd. Both have demonstrated their commitment since 2016 and 2021, respectively, collectively holding a significant 33.48% of the issued, subscribed, and paid-up pre-offer Equity Share capital. This robust support further solidifies the company’s position in the dynamic landscape of microfinance, reinforcing its commitment to empowering women and fostering financial growth in rural India.

Promoters of Muthoot Microfin – Thomas John Muthoot, Thomas Muthoot, Thomas George Muthoot, Preethi John Muthoot, Remmy Thomas, Nina George and Muthoot Fincorp Limited

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Muthoot Microfin IPO Details

Muthoot Microfin IPO Dates	18 – 20 December 2023
Muthoot Microfin IPO Price	INR 277 – 291 per share Employee Discount – INR 14 per share
Fresh issue	26,134,205 shares (INR 760 crore)
Offer For Sale	6,872,849 shares (INR 200 crore)
Total IPO size	33,007,054 shares (INR 960 crore)
Minimum bid (lot size)	51 shares (INR 14,841)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	BSE, NSE

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Muthoot Microfin Financial Performance

	FY 2021	FY 2022	FY 2023	H1 FY 2024
Revenue	684.17	832.51	1,428.76	1,042.33
Expenses	687.23	778.22	1,233.47	772.63
Net income	7.05	47.40	163.89	205.26
Margin (%)	1.03	5.69	11.47	19.69

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Muthoot Microfin Offer News

• Muthoot Microfin IPO Anchor Investors
• Muthoot Microfin RHP
• Muthoot Microfin DRHP
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Subscription Status

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Muthoot Microfin Valuations & Margins

	FY 2021	FY 2022	FY 2023
EPS	0.62	3.94	11.66
PE ratio	–	–	23.76 – 24.96
RONW (%)	0.79	3.55	10.08
NAV	77.94	97.74	112.63
EBITDA (%)	47.83	51.13	55.19
Debt/Equity	3.39	2.99	3.99

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Muthoot Microfin IPO GMP Today (Daily Trend)

Date	Day-wise IPO GMP	Kostak	Subject to Sauda
23 December 2023	25	–	1,000
22 December 2023	20	–	–
21 December 2023	20	–	–
20 December 2023	60	–	2,400
19 December 2023	70	–	2,900
18 December 2023	90	–	3,300
16 December 2023	100	–	3,500
15 December 2023	110	–	3,800
14 December 2023	130	–	4,500
13 December 2023	150	–	–

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Muthoot Microfin IPO Subscription – Live Updates

Category	QIB	NII	Retail	Employee	Total
Shares Offered	68,59,205	51,44,404	1,20,03,610	3,80,228	2,43,87,447
20 Dec 2023	17.47	13.19	7.56	4.89	11.49
19 Dec 2023	0.46	3.12	4.06	2.87	2.83
18 Dec 2023	0.00	0.61	1.38	1.24	0.83

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Muthoot Microfin IPO Allotment Status

Muthoot Microfin IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.

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Muthoot Microfin IPO Dates & Listing Performance

Muthoot Microfin IPO Opening Date	18 December 2023
Muthoot Microfin IPO Closing Date	20 December 2023
Finalization of Basis of Allotment	21 December 2023
Initiation of refunds	22 December 2023
Transfer of shares to demat accounts	22 December 2023
Muthoot Microfin IPO Listing Date	26 December 2023
Opening Price on NSE	INR 275.3 per share (down 5.4%)
Closing Price on NSE	INR 265.15 per share (down 8.54%)

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Muthoot Microfin IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi – Subscribe
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Arihant Capital –
Ashika Research – Not Rated
Asit C Mehta –
Axis Capital – Not Rated
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Choice Broking – Subscribe
Capital Market – May Apply
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Elite Wealth – Apply
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GEPL Capital – Subscribe
HDFC Securities – Not Rated
Hem Securities – Subscribe
ICICIdirect –
Jainam Broking –
DR Choksey – Subscribe
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities – Subscribe
SMC Global – 2/5
SBICAP Securities – Not Rated
Systematix Group – Not Rated
Swastika Investmart – Subscribe
Ventura Securities – Subscribe

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Muthoot Microfin IPO Lead Manager

ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email: [email protected]
Website: www.icicisecurities.com

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Muthoot Microfin Offer Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com

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Muthoot Microfin Contact Details

MUTHOOT MICROFIN LIMITED
5th Floor, Muthoot Towers,
M.G. Road, Ernakulam 682 035,
Kerala, India
Phone: +91 48 4427 7500
Email: [email protected]
Website: www.muthootmicrofin.com

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Muthoot Microfin IPO FAQs