Muthoot Microfin Limited IPO
- IPO Date18 Dec, 2023 to 20 Dec, 2023
- Listing Date26 Dec, 2023
- Face Value₹10 per share
- Issue Price₹277 to ₹291 per share
- Lot Size51 Shares
- Minimum Investment₹14,841
- Listing AtBSE, NSE
- Total Issue Size3,29,89,690 Shares
(aggregating up to ₹960.00 Cr) - Fresh Issue2,61,16,838 Shares
(aggregating up to ₹760.00 Cr)
- Offer for Sale68,72,852 Shares
(aggregating up to ₹200.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue11,68,37,249
- Shareholding post issue14,29,54,087
IPO Dates
Closing Date
20 Dec, 2023
Initiation of Refunds
22 Dec, 2023
Listing Date
26 Dec, 2023
18 Dec, 2023
Opening Date
21 Dec, 2023
Basis of Allotment
22 Dec, 2023
Credit of Shares
Muthoot Microfin Limited Lot Size
Investors can bid for a minimum of 51 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 14 | 714 | ₹2,07,774 |
| Retail (Min) | 1 | 51 | ₹14,841 |
| B-HNI (Min) | 68 | 3468 | ₹10,09,188 |
| Retail (Max) | 13 | 663 | ₹1,92,933 |
| S-HNI (Max) | 67 | 3417 | ₹9,94,347 |
Muthoot Microfin Limited Promoter Holding
The promoters of the company are Thomas John Muthoot, Thomas Muthoot, Thomas George Muthoot, Preethi John Muthoot, Remmy Thomas, Nina George and Muthoot Fincorp Limited.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 69.08% | 55.47% |
Muthoot Microfin Limited COMPANY INFORMATION
Muthoot Microfin IPO is a book built issue of Rs 960.00 crores. The issue is a combination of fresh issue of 2.61 crore shares aggregating to Rs 760.00 crores and offer for sale of 0.69 crore shares aggregating to Rs 200.00 crores. Muthoot Microfin IPO opens for subscription on December 18, 2023 and closes on December 20, 2023. The allotment for the Muthoot Microfin IPO is expected to be finalized on Thursday, December 21, 2023. Muthoot Microfin IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 26, 2023. Muthoot Microfin IPO price band is set at ₹277 to ₹291 per share. The minimum lot size for an application is 51 Shares. The minimum amount of investment required by retail investors is ₹14,841. The minimum lot size investment for sNII is 14 lots (714 shares), amounting to ₹207,774, and for bNII, it is 68 lots (3,468 shares), amounting to ₹1,009,188. ICICI Securities Limited, Axis Capital Limited, Jm Financial Limited and SBI Capital Markets Limited are the book running lead managers of the Muthoot Microfin IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Muthoot Microfin IPO DRHP for detailed information.
Founded in April 1992, Muthoot Microfin Limited, a subsidiary of Muthoot Pappachan Group, provides micro-loans to female customers with a focus on rural regions in India.
The company provides:
- Group loans for livelihood solutions such as income-generating loans, Pragathi loans (bridging loans to existing customers for working capital and income-generating activities) and individual loans
- Life betterment solutions including loans for cell phones, solar lights and household appliances
- Health and hygiene loans such as loans to improve sanitary facilities
- Secured loans in the form of gold loans and our Muthoot Small & Growing Business ("MSGB") loans.
In 2021, the company launched the "Mahila Mitra" mobile application, which enables digital payment methods such as QR codes, websites, SMS-based links and voice-based payment methods. As of March 31, 2023, 1.18 million customers have downloaded the Mahila Mitra application and 1.70 million customers have made digital transactions.
As of March 31, 2023, the company has 2.77 million active customers, 1,172 branches in 321 districts in 18 states and union territories in India, and employs 10,227 people.
FAQs About Muthoot Microfin Limited Ipo
Muthoot Microfin Limited IPO will open on 18 Dec, 2023 and close on 20 Dec, 2023. Investors must apply within this period to participate.
The Muthoot Microfin Limited IPO price band is set between ₹277.00 and ₹291.00 per share. The minimum lot size is 51, requiring an investment of at least ₹14841.00.
The Muthoot Microfin Limited IPO shares are expected to be listed on 26 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Muthoot Microfin Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Muthoot Microfin Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.