Muthoot Microfin Limited started in April 1992, is a company that helps women in rural parts of India by giving them small loans. It is part of Muthoot Pappachan Group. These loans are for different things:
- Group Loans: These are for helping people make money, like starting a small business or getting things they need to earn a living.
- Life Betterment Loans: These loans are for making life better, like buying a cell phone, getting solar lights, or getting things for the home.
- Health and Hygiene Loans: This kind of loan helps improve things related to health and cleanliness, like making better bathrooms.
- Secured Loans: These loans are safer for the company because they are backed by something valuable, like gold or a growing business.
Muthoot Microfin Limited wants to support women in rural areas, making their lives better by providing different kinds of loans.
Key Points Regarding Muthoot Microfin IPO
| IPO Date | 18 December, 2023 to 20 December, 2023 |
| Price Band | Rs 277 to Rs 291 per share |
| Face Value | Rs 10 per share |
| Lot Size | 51 Shares |
| Total Issue Size | 32,989,690 shares (aggregating up to ₹960.00 Cr) |
| Listing Date | 26 December 2023, Tuesday as per the schedule |
| Listing At | BSE, NSE |
Muthoot Microfin IPO Overview
- Book built issue valued at Rs 960.00 crores.
- Combination of a fresh issue (2.61 crore shares, Rs 760.00 crores) and offer for sale (0.69 crore shares, Rs 200.00 crores).
Subscription Details:
- Opens for subscription on December 18, 2023, closing on December 20, 2023.
- Allotment expected on Thursday, December 21, 2023.
Listing Information:
- Tentative listing date set for Tuesday, December 26, 2023, on BSE and NSE.
IPO Price Band:
- Price band: ₹277 to ₹291 per share.
Lot Size and Investment:
- Minimum lot size for an application: 51 shares.
- Retail investors require a minimum investment of ₹14,841.
Investment Requirements for Qualified Investors:
- sNII (Non-Institutional Investors): 14 lots (714 shares), totaling ₹207,774.
- bNII (Non-Institutional Investors): 68 lots (3,468 shares), totaling ₹1,009,188.
Muthoot Microfin Financials
Here’s a quick look at Muthoot Microfin financial breakdown in terms of money (in ₹ crores )
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 |
| Net Worth | 1,625.85 | 1,336.58 | 889.89 |
| Reserves and Surplus | 1,282.15 | 1,040.10 | 642.84 |
| Total Borrowing | 6,493.18 | 3,996.61 | 3,015.66 |
Company Address
Registered Office
Muthoot Microfin Limited
13th Floor, Parinee Crescenzo, Bandra Kurla Complex Bandra East, Mumbai, Maharashtra – 400051
Phone: +91 484 4277500
Email: [email protected]
Website: https://muthootmicrofin.com
You May Like
Top 10 Pharmaceutical companies of India
Suraj Estate Developers IPO : Price, Detail, GMP, Opening Date, Financial Report and More
Sadaf Sayeed is the Chief Executive Officer at Muthoot Microfin.
Praveen T. is the Chief Financial Officer of our Company.
Muthoot Microfin is predominantly owned by Muthoot Fincorp and the Muthoot family.