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IPO Status: Listed [18th Dec 2023 to 20th Dec 2023]
Muthoot Microfin IPO, a Mainline IPO of ₹960.00 Cr was launced on 18-12-2023 to 20-12-2023 and the shares got listed on BSE, NSE on 26-12-2023.
The public issue of Muthoot Microfin IPO (MUTHOOTMF,544055) was offered at ₹291.00 per share and the ipo was listed at ₹275.30. It has delivered listing loss of -5.40%.
As the minimum lot size was 51 shares, the IPO has offered Rs -800.6999999999994 per lot loss on listing.
| IPO Issue Opening Date: | 18th Dec 2023 |
| IPO Issue Closing Date: | 20th Dec 2023 |
| IPO Issue Price: | ₹277.00-291.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹960.00 Cr |
| Offer for Sale: | ₹200.00 Cr |
| Fresh Issue: | ₹760.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | Emplopee:14.00 |
| Promoter Holding Pre IPO: | 69.08% |
| Promoter Holding Post IPO: | 55.47% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544055 |
| NSE Code: | MUTHOOTMF |
Get important updates regarding Muthoot Microfin IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 21st Dec 2023 |
| Refunds Initiation* | 22nd Dec 2023 |
| Credit of Shares to Demat* | 22nd Dec 2023 |
| IPO Listing Date* | 26th Dec 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹277.00-291.00 |
| Market Lot: | 51 Shares |
| 1 Lot Amount: | ₹14841 |
| Min Small HNI Lots(2-10 Lakh): | 714 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 3468 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 26-12-2023 | 291.00 | 27 | 1000/14000 | ₹318 (9.28%) | 26-Dec-2023 9:27 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Muthoot Microfin is a micro finance company that provides micro loans to women customers. As of December 31, 2023, it is the fourth largest NBFC-MFI in India terms of gross loan portfolio and the third largest NBFC in South India.
The NBFC primarily caters to the low-income group customers in the rural region for income-generating purpose. Its loan products include 1. group loans for livelihood, Pragathi loans, and individual loans 2. Life betterment loans like solar lighting product loans, household appliances loans, etc. 3. Health and hygiene loans, and 4. Secured gold loans.
As of March 31, 2023, it has a total loan portfolio worth Rs 92,082.96 million. The company is serving 2.77 million active customers, and has 1172 branches in 321 districts in 18 states and union territories.
| Incorporation | Sector | IPO Issue Size | Website |
| 1992 | Other Bank | ₹960.00 Cr | https://muthootmicrofin.com/ |
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.
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 6,529,210 (28.57%) | 4,896,907 (21.43%) | 11,426,117 (50%) | 22,852,234 | |
| 1 | 18th Dec 2023 19:04 | 0.00x | 0.65x | 1.58x | 0.95x |
| 2 | 19th Dec 2023 19:04 | 0.48x | 3.28x | 4.31x | 3.05x |
| 3 | 20th Dec 2023 19:04 | 18.35x | 13.87x | 8.00x | 12.30x |
Muthoot Microfin Limited's revenue increased by 71.58% and profit after tax (PAT) rose by 245.77% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 ₹ Crore | |||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Muthoot Microfin Limited | 14.19 | 11.98 | 139.15 | 10.08 | Consolidated | |
| Equitas Small Finance Bank Limited | 4.71 | 4.67 | 46.44 | 17.57 | 11.12 | Consolidated |
| Ujjivan Small Finance Bank Limited | 5.88 | 5.87 | 20.25 | 6.33 | 27.79 | Consolidated |
| CreditAccess Grameen Limited | 52.04 | 51.82 | 326.89 | 26.67 | 16.18 | Consolidated |
| Spandana Sphoorty Financial Limited | 1.74 | 1.74 | 436.58 | 381.72 | 0.4 | Consolidated |
| Bandhan Bank Limited | 13.62 | 13.62 | 121.58 | 17.32 | 11.21 | Consolidated |
| Suryoday Small Finance Bank Limited | 7.32 | 7.32 | 149.28 | 22.31 | 4.9 | Consolidated |
| Fusion Micro Finance Limited | 43.29 | 43.13 | 230.74 | 12.6 | 16.67 | Consolidated |
Last Updated on 30-Dec-2023 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Muthoot Microfin IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Muthoot Microfin IPO with Zerodha.
Alternate approch to apply in Muthoot Microfin IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Muthoot Microfin IPO Review and Important Updates
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To subscribe or apply in Muthoot Microfin IPO, you can use the following methods:
| Muthoot Microfin IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Muthoot Microfin IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Muthoot Microfin IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Muthoot Microfin IPO. Most of the Syndicate Banks provide access to apply in Muthoot Microfin IPO via ASBA process. You must have your net banking access, DP ID information to apply in Muthoot Microfin IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Muthoot Microfin IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Muthoot Microfin IPO Review and Important Updates
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Applying in Muthoot Microfin IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Muthoot Microfin IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Muthoot Microfin IPO, please refer article >> Link
Muthoot Microfin IPO Review and Important Updates
Steps to download the online application form for Muthoot Microfin IPO
Or
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Muthoot Microfin IPO is going to be list on 26-12-2023. NSE Code for Muthoot Microfin is MUTHOOTMF. BSE Code for Muthoot Microfin is 544055.
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Muthoot Microfin IPO Allotment Date is 21-12-2023.
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