IPO

Muthoot Microfin Limited IPO

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Microfinance Institutions

Listed On: Dec 26, 2023 at ₹ 275.3(NSE)

₹ 14841 /51 Shares

Check Allotment

18 Dec, 2023

Open Date

20 Dec, 2023

Close Date

21 Dec, 2023

Allotment Date

26 Dec, 2023

Listing Date
Price Summary

Last Closing

181.79 (-37.53%)

52 Week High

199.39

52 Week Low

119.25

Last Update

19-Dec-2025 3:30 PM
Expected Premium
+ ₹26-28 (8.93%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Expected Premium
+ ₹26-28 (8.93%)
Muthoot Microfin Limited IPO Issue Details
  • Issue Price ₹277-291 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 32,989,690 shares (aggregating up to ₹960.00 Cr)
    #Fresh Issue: 26,116,838 shares (aggregating up to ₹760.00 Cr)
    #Offer for Sale: 6,872,852 shares of ₹10 (aggregating up to ₹200.00 Cr)
  • Listing at BSE, NSE
  • List Price 275.3(NSE)
  • Listing Date 2023-12-26
  • Lead Manager ICICI Securities Limited, Axis Capital Limited, Jm Financial Limited, SBI Capital Markets Limited
  • Registrar Kfin Technologies Limited
Muthoot Microfin Limited IPO Details
  • Retail Portion 35% (Number of Retail Applications: 2,23,922 Approx),
    (Number of S-HNI Applications : 2,285 Approx),
    (Number of B-HNI Applications : 4,570 Approx)
Muthoot Microfin Limited IPO Documents
DRHP
RHP
ANCHOR
Muthoot Microfin Limited IPO Details


The IPO of Muthoot Microfin Limited is priced at ₹277-291 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Dec 18, 2023 and ends on Dec 20, 2023. The allotment for Muthoot Microfin Limited IPO will be finalized on Dec 21, 2023. Muthoot Microfin Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 26, 2023. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are ICICI Securities Limited, Axis Capital Limited, Jm Financial Limited, SBI Capital Markets Limited.


The Muthoot Microfin Limited IPO sets its price band at 277-291 for each share. A single application for Muthoot Microfin Limited IPO must contain at least 51 shares.

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Muthoot Microfin Limited IPO Subscription Analysis And Details
Retail
7.61x
QIB
17.47x
NII
13.20x
bNII
12.34x
sNII
14.93x
Total
11.52x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 6,529,210 4,896,907
3,264,604    1,632,302 		11,426,117 22,852,234
Day 1 18-12-23 05:00 PM
0.00 x 0.61
0.44 x   0.94 x 		1.38 x 0.83 x
Day 2 19-12-23 05:00 PM
0.46 x 3.12
2.45 x   4.45 x 		4.06 x 2.83 x
Day 3 20-12-23 05:00 PM
17.47 x 13.20
12.34 x   14.93 x 		7.61 x 11.52 x
Total No of Applications
16,18,067
Muthoot Microfin Limited Valuations
Earnings Per Share (EPS) ₹11.98/-
P/E Ratio 24.96
RoNW 10.08%
Net Asset Value (NAV) - As on 31.03.22 ₹N/A
Muthoot Microfin Limited Company Financials
In Crs.
In Cr.
31-Mar-23 31-Mar-22 31-Mar-21
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
About Muthoot Microfin Limited Company

Muthoot Microfin Limited is a microfinance institution that specializes in providing micro-loans to female customers, primarily for income generation purposes, focusing on rural regions of India. As of December 31, 2022, the company is the fourth largest NBFC-MFI in India in terms of gross loan portfolio. It is also the largest MFI in Kerala in terms of market share and the third largest NBFC-MFI in South India in terms of gross loan portfolio. Additionally, the company is a key player in Tamil Nadu, with an almost 16% market share, as of December 31, 2022.

As of March 31, 2023, Muthoot Microfin serves 2.77 million customers through 1,172 branches in 321 districts across 18 Indian states and union territories with the help of 10,227 employees.

The core strength of the company lies in the following:-
-The company is a market leader with a widespread presence throughout India.
- Muthoot Microfin focuses on serving rural communities and is committed to promoting its customers' health and social welfare.
- Brand recall and synergies with the Muthoot Pappachan Group
- A robust risk management framework results in a healthy portfolio quality.
- The company's operating model is designed to be efficient and optimize the use of technology. The company strives to leverage technology to the maximum extent possible to ensure our operations are streamlined and effective.

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Muthoot Microfin Limited - Promoter(s)

homas John Muthoot

Thomas Muthoot

Thomas George Muthoot

Preethi John Muthoot

Remmy Thomas

Nina George

Muthoot Fincorp Limited

Pre Issue Share Holding : 69.08%

Post Issue Share Holding : 55.47%

Muthoot Microfin Limited IPO - Issue Objectives
1

To undertake our existing business activities

2

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 Limited IPO - Anchor Investors

Muthoot Microfin IPO: Institutional investors buy Rs 285 cr shares via anchor book.More than 20 institutional investors participated in the anchor book of the company, including marquee names like WCM International, JNL Multi-Manager International, North Carolina Supplemental Retirement Plans, Clearwater International Fund, Florida Retirement System, Morgan Stanley, Integrated Core Strategies, Copthall Mauritius Investment and Societe Generale.

Several insurance companies, including ICICI Prudential Life Insurance, HDFC Life Insurance, Bajaj Allianz Life Insurance, Kotak Mahindra Life Insurance, SBI General Insurance, ICICI Lombard General Insurance, Cholamandalam MS General Insurance and Pramerica Life Insurance also invested in the UK-based private equity investor Greater Pacific Capital-backed company via anchor book.