Muthoot Microfin IPO GMP, Price, Date, Allotment

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Muthoot Microfin IPO GMP

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.

Muthoot Microfin IPO

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


Muthoot Microfin IPO Details

Muthoot Microfin IPO Dates18 – 20 December 2023
Muthoot Microfin IPO PriceINR 277 – 291 per share
Employee Discount – INR 14 per share
Fresh issue26,134,205 shares (INR 760 crore)
Offer For Sale6,872,849 shares (INR 200 crore)
Total IPO size33,007,054 shares (INR 960 crore)
Minimum bid (lot size)51 shares (INR 14,841)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE, NSE

Muthoot Microfin Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Revenue684.17832.511,428.761,042.33
Expenses687.23778.221,233.47772.63
Net income7.0547.40163.89205.26
Margin (%)1.035.6911.4719.69
Figures in INR Crores unless specified otherwise

Muthoot Microfin Offer News


Muthoot Microfin Valuations & Margins

FY 2021FY 2022FY 2023
EPS0.623.9411.66
PE ratio23.76 – 24.96
RONW (%)0.793.5510.08
NAV77.9497.74112.63
EBITDA (%)47.8351.1355.19
Debt/Equity3.392.993.99
*Compiled by IPO Central from Prospectus

Muthoot Microfin IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
23 December 2023251,000
22 December 202320
21 December 202320
20 December 2023602,400
19 December 2023702,900
18 December 2023903,300
16 December 20231003,500
15 December 20231103,800
14 December 20231304,500
13 December 2023150

Muthoot Microfin IPO Subscription – Live Updates

CategoryQIBNIIRetailEmployeeTotal
Shares Offered68,59,20551,44,4041,20,03,6103,80,2282,43,87,447
20 Dec 202317.4713.197.564.8911.49
19 Dec 20230.463.124.062.872.83
18 Dec 20230.000.611.381.240.83

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.


Muthoot Microfin IPO Dates & Listing Performance

Muthoot Microfin IPO Opening Date18 December 2023
Muthoot Microfin IPO Closing Date20 December 2023
Finalization of Basis of Allotment21 December 2023
Initiation of refunds22 December 2023
Transfer of shares to demat accounts22 December 2023
Muthoot Microfin IPO Listing Date26 December 2023
Opening Price on NSEINR 275.3 per share (down 5.4%)
Closing Price on NSEINR 265.15 per share (down 8.54%)

Muthoot Microfin IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi – Subscribe
Antique Stock Broking –
Arihant Capital –
Ashika Research – Not Rated
Asit C Mehta –
Axis Capital – Not Rated
BP Wealth – Subscribe
Canara Bank Securities – Subscribe
Choice Broking – Subscribe
Capital Market – May Apply
Dalal & Broacha –
Elite Wealth – Apply
GCL Broking –
Geojit –
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


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


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


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


Muthoot Microfin IPO FAQs

How many shares in Muthoot Microfin IPO are reserved for HNIs and retail investors?

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

How to apply in Muthoot Microfin Public Offer?

The best way to apply in Muthoot Microfin public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Muthoot Microfin IPO GMP today?

Muthoot Microfin IPO GMP today is INR 25 per share.

What is Muthoot Microfin kostak rate today?

Muthoot Microfin kostak rate today is INR NA per application.

What is Muthoot Microfin Subject to Sauda rate today?

Muthoot Microfin Subject to Sauda rate today is INR 1,000 per application.

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