Muthoot Microfin Ltd IPO

Muthoot Microfin Ltd IPO

Finance

mainboard

Bidding period

18 Dec 2023 - 20 Dec 2023

Bid price

₹291.00 - ₹291.00

Listing on

BSE, NSE

Listing date

26 Dec 2023

Lot size

51 shares

Issue size

₹960.00 crore


Minimum investment

₹14,841.00 / 1 lot

Maximum investment

₹1,92,933.00 / 13 lot

Bidding closed on 20 Dec 2023

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Muthoot Microfin Ltd IPO dates

IPO opening date

18 Dec 2023

IPO end date

20 Dec 2023

Allotment date

21 Dec 2023

Initiation of refunds

22 Dec 2023

Credit of shares to demat

22 Dec 2023

IPO listing date

26 Dec 2023

Muthoot Microfin Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹11,590.23
Total liabilities ₹11,590.23
Total expenditure ₹1,703.65
Total revenue ₹2,285.49
Profit after tax ₹449.58
EBITDA ₹1,500.44
Adjusted EBITDA ₹0.00

Muthoot Microfin Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 69.08 55.47
Public group 30.92 44.53

Muthoot Microfin Ltd strengths and risks

Information currently unavailable

  • Market leadership with a pan-India presence.

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

  • Brand recall and synergies with the Muthoot Pappachan Group.

  • Robust risk management framework leading to healthy portfolio quality.

  • Streamlined operating model with effective use of technology.

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

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

  • 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.

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

How to check the allotment status of the Muthoot Microfin Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Muthoot Microfin Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Muthoot Microfin Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Muthoot Microfin Ltd IPO registrar

KFin Techologies Ltd

Phone number +91 40 6716 2222
E-mail ID muthoot.ipo@kfintech.com
Website www.kfintech.com

Muthoot Microfin Ltd IPO reservation

QIB shares offered

65,29,210 (19.79%)

NII (HNI) shares offered

48,96,907 (14.84%)

Retail shares offered

1,14,26,117 (34.64%)

Anchor investor shares offered

97,93,814 (29.69%)

Total shares offered

3,29,89,692

Total shares with anchor investor

3,29,89,692

Muthoot Microfin Ltd IPO lead manager

  • ICICI Securities Ltd
  • Axis Capital Ltd
  • JM Financial Ltd
  • SBI Capital Markets Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Muthoot Microfin Ltd IPO?

The listing date for the Muthoot Microfin Ltd IPO is 26 Dec 2023.

What is the issue size of Muthoot Microfin Ltd IPO?

The issue size of the Muthoot Microfin Ltd IPO is ₹960.00 cr.

What is the minimum lot size needed for Muthoot Microfin Ltd IPO?

The minimum lot size for Muthoot Microfin Ltd IPO is 51

When does the Muthoot Microfin Ltd open and close?

Muthoot Microfin Ltd IPO is open from 18 Dec 2023 to 20 Dec 2023.

How can I apply for the Muthoot Microfin Ltd IPO?

To apply for the Muthoot Microfin Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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