Muthoot Microfin IPO GMP Open, Close, Allotment Date, Lot Size, Financial Details 2023

Muthoot Microfin IPO Details: The Muthoot Microfin IPO date is fixed, the IPO is to hit the market on December 18 and will close on December 20. Muthoot Microfin IPO to raise around ₹960 crores via IPO that comprises fresh issue of ₹760 crores and offer for sale up to ₹200 crores of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Read Also – Upcoming and On-going IPO December 2023

Muthoot Microfin Company

• Muthoot Microfin Limited is a microfinance institution focused on rural India that provides micro-loans to women customers (mainly for income generation). According to the CRISIL Report, they are the fourth largest NBFC-MFI in India in terms of gross loan portfolio as of December 31, 2022. According to the CRISIL Report, they are also the third largest NBFC-MFI in South India in terms of gross loan portfolio, the largest in Kerala in terms of MFI market share, and a prominent player in Tamil Nadu with an over 16% market share as of December 31, 2022.
• Muthoot Microfin’s gross loan portfolio stood at 92,082.96 million as of March 31, 2023. As of March 31, 2023, the company has 2.77 million active clients who were served by 10,227 staff spread throughout 1,172 branches in 321 districts in 18 Indian states and union territories. Their branches are linked to our IT networks and are primarily located in commercial areas that we feel our consumers would find convenient.
• They are part of the Muthoot Pappachan Group, a commercial conglomerate with interests in finance, automotive, hotel, real estate, information technology infrastructure, precious metals, and alternative energy. The Muthoot Pappachan Group has been in the financial services industry for almost 50 years. In terms of AUM for the Fiscal Year 2023, they are the Muthoot Pappachan Group’s second largest company. MFL, the Muthoot Pappachan Group’s flagship firm, holds 54.16% of our firm’s pre-offer Equity Share capital on a fully diluted basis as of the date of this Draft Red Herring Prospectus.

Muthoot Microfin IPO Date & Price Band Details

Muthoot Microfin IPO Date and price Band Details are tabulated here.

Muthoot Microfin IPO Market Lot

The Muthoot Microfin IPO minimum market lot is 51 shares with ₹14,841 application amount. Retail investors can apply up to 13 lots with 663 shares or ₹192,933 amount.

Muthoot Microfin IPO Allotment & Listing Dates

The Muthoot Microfin IPO date is December 18 and the close date is December 20. The Muthoot Microfin IPO allotment will be finalized on December 21 and the IPO listing on December 26.

Muthoot Microfin Company Financial Report

Muthoot Microfin IPO Valuation – FY2023

Check Muthoot Microfin IPO valuation details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Equitas Small Finance Bank Limited
• Ujjivan Small Finance Bank Limited
• CreditAccess Grameen Limited
• Spandana Sphoorty Financial Limited
• Bandhan Bank Limited
• Suryoday Small Finance Bank Limited
• Fusion Micro Finance Limited

Company Promoters

• Thomas John Muthoot
• Thomas Muthoot
• Thomas George Muthoot
• Preethi John Muthoot
• Remmy Thomas
• Nina George
• Muthoot Fincorp Limited

Muthoot Microfin IPO Allotment Status Check

Check Muthoot Microfin IPO allotment status on the KFintech website allotment URL.

Muthoot Microfin IPO Lead Managers aka Merchant Bankers

• ICICI Securities Limited
• Axis Capital Limited
• Jm Financial Limited
• SBI Capital Markets Limited

Muthoot Microfin Company Address

Muthoot Microfin Limited
13th Floor, Parinee Crescenzo,
Bandra Kurla Complex
Bandra East, Mumbai 400 051,
Phone: +91 48 4427 7500
Email: info@muthootmicrofin.com
Website: https://muthootmicrofin.com

Muthoot Microfin IPO FAQs

Q. What is Muthoot Microfin IPO?

Ans. Muthoot Microfin IPO is a main-board IPO. They are going to raise ₹960 Crores via IPO. The issue is priced at ₹277 to ₹291 per equity share. The IPO is to be listed on BSE & NSE.

Q. When Muthoot Microfin IPO will open?

Ans. The IPO is to open on December 18, 2023, for QIB, NII, and Retail Investors.

Q. What is Muthoot Microfin IPO Investors Portion?

Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

Q. How to Apply the Muthoot Microfin IPO?

Ans. You can apply for Muthoot Microfin IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

Q. How to Apply the Muthoot Microfin IPO through Zerodha?

Ans. Log in to the Console on the Zerodha Website or in the Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Muthoot Microfin”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

Q. How to Apply the Muthoot Microfin IPO through Upstox?

Ans. Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Muthoot Microfin”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

Q. What is Muthoot Microfin’s IPO Size?

Ans. Muthoot Microfin’s IPO size is ₹960 crores.

Q. What is the Muthoot Microfin IPO Price Band?

Ans. Muthoot Microfin IPO Price Band is ₹277 to ₹291.

Q. What is the Muthoot Microfin IPO Allotment Date?

Ans. Muthoot Microfin’s IPO allotment date is December 21, 2023.

Q. What is the Muthoot Microfin IPO Listing Date?

Ans. Muthoot Microfin’s IPO listing date is December 26, 2023. The IPO is to be listed on BSE and NSE.

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