Muthoot Microfin Ltd

Finance

Offer Period :

18th to 12th Dec 2023

Muthoot Microfin Ltd IPO Details

IPO Date 18th to 12th Dec 2023 Minimum Investment ₹14841 / 1 Lots
Listing Date 2023-12-26 Maximum Investment ₹192933 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹960 Crores
Price ₹291 to ₹291 per share Fresh Issue ₹760 Crores
Lot Size 1 Lots (51 Shares) Offer For Sale ₹ 200
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 18th to 12th Dec 2023
Listing Date 2023-12-26
Face Value ₹10 per share
Price ₹291 to ₹291 per share
Lot Size 1 Lots (51 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14841 / 1 Lots
Maximum Investment ₹192933 / 13 Lots
Total Issue Size ₹960 Crores
Fresh Issue ₹760 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

18th Dec

IPO Starts

20th Dec

IPO Ends

21st Dec

Allotment Date

22nd Dec

Initiation of Refund

22nd Dec

Credit of Shares to Demat Account

26th Dec

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 69.08 55.47
Public Group 30.92 44.53

Muthoot Microfin Ltd IPO Reservation

QIB Shares Offered 6529210(19.79%)
NII (HNI) Shares Offered 4896907(14.84%)
Retail Shares Offered 11426117(34.64%)
Anchor Investor Shares Offered 9793814(29.69%)
Total Shares Offered 32989692
Total Shares With Anchor Investor 32989692

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Muthoot Microfin Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id muthoot.ipo@kfintech.com
Our Website www.kfintech.com

Muthoot Microfin Ltd IPO Lead Manager

1. ICICI Securities Ltd

2. Axis Capital Ltd

3. JM Financial Ltd

4. SBI Capital Markets Ltd

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Muthoot Microfin Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Muthoot Microfin Ltd

1. Market leadership with a pan-India presence.

2. Rural focused operations, with a commitment towards health and social welfare of our customers.

3. Brand recall and synergies with the Muthoot Pappachan Group.

4. Robust risk management framework leading to healthy portfolio quality.

5. Streamlined operating model with effective use of technology.

6. Access to diversified sources of capital and effective cost of funds.

7. Experienced and Professional Management, with Strong Corporate Governance and support from Promoters and Investors.

Risks Involved

1. The microfinance industry in India faces certain risks due to the category of customers that it services, which are not generally associated with other forms of lending. As a result, the company may experience increased levels of non-performing assets and related provisions and write-offs that may adversely affect its business, financial condition and results of operations.

2. The company's business is vulnerable to interest rate risk, and volatility in interest rates could have an adverse effect on its net interest income and net interest margin, thereby affecting the company results of operations.

3. An increase in the level of its non-performing assets or provisions may adversely affect the company financial condition and results of operations.

4. As a non-banking financial company - microfinance institution, the company is subject to periodic inspections by the Reserve Bank of India. Non-compliance with observations made by the Reserve Bank of India during these inspections could expose it to penalties and restrictions.

5. The company is subject to certain conditions under its financing arrangements, which could restrict the company ability to conduct its business and operations in the manner the company desire.

6. The company depends on the recognition of the "Muthoot" brand, and failure to use, maintain and enhance awareness of the brand would adversely affect its ability to retain and expand the company base of customers.

7. There are several outstanding legal proceedings against the Company, Directors, Promoters and Group Companies. An adverse outcome in any of these proceedings may adversely affect its reputation, business, financial condition, results of operations and cash flows.

8. The company face the threat of cyber-fraud and cyber-attacks, such as hacking, phishing and theft of sensitive internal data or customer information. The company also face the threat of a system breakdown, network outage and system failure. These may damage its reputation and adversely affect the company business and results of operations.

9. The company Corporate Promoter, MFL, is involved in other financial services related businesses and is subject to extensive regulation. Any non- compliance or perceived non-compliance by its Promoters or Directors may adversely affect the company reputation, business, results of operations and prospects.

10. The Directorate of Enforcement, Ministry of Finance, Government of India ("ED") has issued summons to its Managing Director directing him to provide certain information in relation to himself and the Company. There is no assurance that the ED will not take any action against it or the company Managing Director, which may adversely impact its business and operations, financial condition and reputation.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Muthoot Microfin Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-12-26 544055 MUTHOOTMF
INE046W01019
₹291 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹291 ₹291
Open ₹278 ₹275.3
Low ₹265.3 ₹265.5
High ₹280.8 ₹281
Low ₹265.3 ₹265.5

Frequently Asked Questions

What is Muthoot Microfin Ltd IPO?

Answer Field

Muthoot Microfin Ltd IPO is a Mainboard IPO of 3,29,89,692 equity shares of a face value of ₹10 aggregating up to ₹960 Crores. The issue is priced at ₹291 to ₹291 per share. The minimum order quantity is 51 Shares. The IPO opens on December 18, 2023, and closes on December 20, 2023. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Muthoot Microfin Ltd IPO will open?

Answer Field

The Muthoot Microfin Ltd IPO opens on December 18, 2023 and closes on December 20, 2023.

What is the lot size of Muthoot Microfin Ltd?

Answer Field

Muthoot Microfin Ltd lot size is 51 shares, and the minimum amount required is ₹14,841.

How to apply for Muthoot Microfin Ltd IPO?

Answer Field

You can apply in Muthoot Microfin Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Muthoot Microfin Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Muthoot Microfin Ltd IPO will be done on December 21, 2023, and the allotted shares will be credited to your demat account by December 22, 2023.

When is Muthoot Microfin Ltd IPO listing date?

Answer Field

The Muthoot Microfin Ltd listing date is December 26, 2023.

Who is the registrar of Muthoot Microfin Ltd IPO?

Answer Field

The registrar of Muthoot Microfin Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ICICI Securities Ltd,Axis Capital Ltd,JM Financial Ltd,SBI Capital Markets Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Muthoot Microfin Ltd IPO?

Answer Field

The fresh issue size is ₹760 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Muthoot Microfin Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 51 shares and ₹14,841 amount.

How can I approve the UPI mandate request for Muthoot Microfin Ltd IPO?

Answer Field

To apply for Muthoot Microfin Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Muthoot Microfin Ltd?

Answer Field

The price of each Muthoot Microfin Ltd share will be ranging in between ₹291 to ₹291 per share.

What is the cut-off time for the UPI mandate for Muthoot Microfin Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 20, 2023.

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