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Muthoot Microfin Limited IPO (Muthoot Microfin IPO) Detail

December 18, 2023 - December 20, 2023

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 bidding started from December 18, 2023 and ended on December 20, 2023. The allotment for Muthoot Microfin IPO was finalized on Thursday, December 21, 2023. The shares got listed on BSE, NSE on 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 RHP for detailed information.

Muthoot Microfin IPO Details

IPO Date December 18, 2023 to December 20, 2023
Listing Date December 26, 2023
Face Value ₹10 per share
Price Band ₹277 to ₹291 per share
Lot Size 51 Shares
Total Issue Size32,989,690 shares
(aggregating up to ₹960.00 Cr)
Fresh Issue26,116,838 shares
(aggregating up to ₹760.00 Cr)
Offer for Sale6,872,852 shares of ₹10
(aggregating up to ₹200.00 Cr)
Employee Discount Rs 14 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding post issue142,954,087

Muthoot Microfin IPO Reservation

Muthoot Microfin IPO offers 32,646,046 shares. 6,529,210 (20.00%) to QIB, 4,896,907 (15.00%) to NII, 11,426,117 (35.00%) to RII and 9,793,812 (30.00%) to Anchor investors. 224,041 RIIs will receive minimum 51 shares and 2,286 (sNII) and 4,572 (bNII) will receive minimum 714 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered9,793,812 (30.00%)NA
QIB Shares Offered6,529,210 (20.00%)NA
NII (HNI) Shares Offered4,896,907 (15.00%)
  bNII > ₹10L3,264,604 (10.00%)4,572
  sNII < ₹10L1,632,302 (5.00%)2,286
Retail Shares Offered11,426,117 (35.00%)224,041
Total Shares Offered32,646,046 (100%)

Muthoot Microfin IPO Anchor Investors Details

Muthoot Microfin IPO raises Rs 285.00 crore from anchor investors. Muthoot Microfin IPO Anchor bid date is December 15, 2023. Muthoot Microfin IPO Anchor Investors list

Bid Date December 15, 2023
Shares Offered 9,793,812
Anchor Portion Size (In Cr.) 285.00
Anchor lock-in period end date for 50% shares (30 Days) January 20, 2024
Anchor lock-in period end date for remaining shares (90 Days) March 20, 2024

Muthoot Microfin IPO Timeline (Tentative Schedule)

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

IPO Open Date Monday, December 18, 2023
IPO Close Date Wednesday, December 20, 2023
Basis of Allotment Thursday, December 21, 2023
Initiation of Refunds Friday, December 22, 2023
Credit of Shares to Demat Friday, December 22, 2023
Listing Date Tuesday, December 26, 2023
Cut-off time for UPI mandate confirmation 5 PM on December 20, 2023

Muthoot Microfin IPO 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
Retail (Min) 1 51 ₹14,841
Retail (Max) 13 663 ₹192,933
S-HNI (Min) 14 714 ₹207,774
S-HNI (Max) 67 3,417 ₹994,347
B-HNI (Min) 68 3,468 ₹1,009,188
Lot Size Calculator

Muthoot Microfin IPO 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.

Share Holding Pre Issue 69.08%
Share Holding Post Issue 55.47%

About Muthoot Microfin Limited

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:

  1. 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
  2. Life betterment solutions including loans for cell phones, solar lights and household appliances
  3. Health and hygiene loans such as loans to improve sanitary facilities
  4. 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.

Muthoot Microfin Limited Financial Information (Restated)

Muthoot Microfin Limited's revenue increased by 71.58% and profit after tax (PAT) rose by 245.77% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets8,529.205,591.464,183.85
Revenue1,446.34842.94696.28
Profit After Tax163.8947.407.05
Net Worth1,625.851,336.58889.89
Reserves and Surplus1,282.151,040.10642.84
Total Borrowing6,493.183,996.613,015.66
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Muthoot Microfin IPO is Rs 4960.82 Cr.

KPI Values
ROE11.06%
Debt/Equity3.99
RoNW10.08%
Pre IPO Post IPO
EPS (Rs) 11.98
P/E (x) 24.9625.38

Objects of the Issue (Muthoot Microfin IPO Objectives)

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting the capital base to meet future capital requirements. The main objects and objects incidental and ancillary to the main objects set out in the Memorandum of Association enable the company:

(i) to undertake our existing business activities, and (ii) to undertake the activities proposed to be funded from the Net Proceeds. Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, including enhancing the brand image among existing and potential customers and creating a public market for the Equity Shares in India.

Muthoot Microfin IPO Review (Apply)

[Dilip Davda]  The company is in micro finance business with a major thrust on rural areas and Joint Liability Group funding. It has posted steady growth in its performance and has kept NPAs under control. Based on FY24 annualized earnings, the issue appears reasonably priced. Investors may park funds for the medium to long-term rewards. Read detail review...


Muthoot Microfin IPO Subscription Status (Bidding Detail)

The Muthoot Microfin IPO is subscribed 12.30 times on December 20, 2023 7:02:00 PM. The public issue subscribed 8.00 times in the retail category, 18.35 times in the QIB category, and 13.87 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB18.35
NII13.87
    bNII (bids above ₹10L)12.96
    sNII (bids below ₹10L)15.69
Retail8.00
Total12.30

Total Application : 1,624,345 (7.25 times)

Muthoot Microfin IPO Prospectus

Muthoot Microfin IPO Rating

20
4.1
Rating:Rated 4.1 stars
Vote Here ...

Muthoot Microfin IPO Listing Details

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

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹291.00
₹278.00
₹265.30
₹280.80
₹266.20
NSE
₹291.00
₹275.30
₹265.50
₹281.00
₹266.15

Check IPO Performance…

Muthoot Microfin Limited Contact Details

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 Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: muthoot.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Muthoot Microfin IPO - Buy or Not

Muthoot Microfin IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 6 0 0
Members 2 1 0

Read All Reviews Post Your Review Manage Reviews

Muthoot Microfin IPO FAQs

Muthoot Microfin IPO is a main-board IPO of 32,989,690 equity shares of the face value of ₹10 aggregating up to ₹960.00 Crores. The issue is priced at ₹277 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 Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Muthoot Microfin IPO using UPI as a payment gateway. Zerodha customers can apply in Muthoot Microfin IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Muthoot Microfin IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Muthoot Microfin IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

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

You can apply in Muthoot Microfin 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

The Muthoot Microfin IPO listing date is on December 26, 2023.
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Muthoot Microfin IPO Message Board

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771 Comments

315. smokingkills |   Link |  Bookmark |January 10, 2024 1:15:17 PM
​Hi @Admin @ Chittorgarh.com , it would be very helpful, if you could add open price and closing price for listing day along with other price on company ipo page. Just a suggestion.
314. Santosh KRUSHNARAO NIMJE |   Link |  Bookmark |January 6, 2024 5:10:35 PM
IPO allotment me but UPI mendete failed date 22/12/2023 and amt debeted 23/12/2023. But still date my AMT not unblock my application no is 56091538. Amt 14841 Was debeted pls unblock my amt. Thank you
313. POOJAKKK |   Link |  Bookmark |January 3, 2024 10:43:34 AM
I APPLIED THROUGH UPI....AMOUNT STILL BLOCKED ... MANDATE EXPIRE DATE IS 8 JANUARY ... DOES IT MEAN IT WILL RELEASE AMOUNT ON 8TH JAN?
312. Thiagarajan Ramasamy |   Link |  Bookmark |December 30, 2023 8:06:01 PM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
Muthoot MF is seeking lower levels day after day. Now at around 250 , it is quoting about 15% discount from IPO price of 291. Hope it recover soon and reverse the direction. Holding 100 shares at average price of 280.
312.1. Where is my allotment |   Link |  Bookmark |January 6, 2024 11:14:50 AM
Okey
312.2. CoolAsh |   Link |  Bookmark |January 8, 2024 3:12:32 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
My average purchase price is 271. I am waiting for the Dec 23 results
311. Vipul M Shah |   Link |  Bookmark |December 30, 2023 10:25:16 AM (400+ Posts)
There is no change in email I'd. I repeat once again nib.1177@sbi.co.in. I have got the same email id through SBI customer Care service. There is specific branch. It's a common.
311.3. Ankur Goel |   Link |  Bookmark |January 1, 2024 10:46:47 PM
IPO Guru IPO Guru (1300+ Posts, 600+ Likes)
Call +912222719114. This is direct number of ipo desk of sbi which deals in ipo hold/unhold process.
311.4. Where is my allotment |   Link |  Bookmark |January 6, 2024 11:14:42 AM
Should we but at this price
310. Chhote Lal |   Link |  Bookmark |December 30, 2023 11:18:29 AM
IPO Mentor IPO Mentor (6000+ Posts, 4400+ Likes)
This counter was recommended by so called experts of Zee Business for listing gains. It's the same case like that of LIC IPO besides few others where this expert was bullish and gave recommendations. End result is there infront of us. It is always prudent to do your own study and take your own call rather than follow the recommendations in market. Nahin?
309. Vipul M Shah |   Link |  Bookmark |December 29, 2023 12:14:02 PM (400+ Posts)
Email id to remove lien amount in SBI is nib. 1177@sbi.co.in. Pl send details of your bid /application. They will remove within 2 or 3 hours. I have follow the same process.
309.9. meeseeks |   Link |  Bookmark |January 4, 2024 6:53:12 PM
Did anyone's amount got unblocked and if yes what step did you guys follow?
Mine is still blocked. Will it be unblocked automatically after the mandate end date?
309.10. CHipoGARH |   Link |  Bookmark |January 4, 2024 8:40:19 PM
Unblocked
308. Ayush singh parora |   Link |  Bookmark |December 29, 2023 4:45:42 PM
SBI Hold amounts still not removed.. Pls help me out. What to do in this situation.
308.1. Where is my allotment |   Link |  Bookmark |January 6, 2024 11:15:10 AM
Should we buy Azad eng
307. Madhusudhan Reddy Avula |   Link |  Bookmark |December 28, 2023 3:59:24 PM
Bought 960 shares @255.8 hope it gives good return in long term
307.2. Madhusudhan Reddy Avula |   Link |  Bookmark |December 28, 2023 11:23:47 PM
Is bhni lot greater than 10 lakh?
307.3. investormahesh |   Link |  Bookmark |December 29, 2023 8:14:40 AM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
In BNII u apply for shares worth more than Rs ten lakh. If that category is oversubscribed APPLICATION WISE then u get either no allotment or allotment of shares worth slightly more than Rs two lakh
306. GAUTAM GOYAL |   Link |  Bookmark |December 28, 2023 5:59:20 PM (200+ Posts)
Fundamentally not a bad company..but the way it is falling is surprising...lots of people trapped at 291...one reason may be that micro finance business is not a fancy one...not able to attract buyers for their share
Ok
306.6. Where is my allotment |   Link |  Bookmark |January 6, 2024 11:14:28 AM
Should we buy?
305. Vipul M Shah |   Link |  Bookmark |December 28, 2023 1:53:58 PM (400+ Posts)
@yaash 

SBI Just remove lien. Pl wait till evening.
305.1. Deepesh Priolkar |   Link |  Bookmark |December 29, 2023 11:22:35 AM
I m still waiting for my funds to be unblocked... Please guide on what to do?
304. yaash |   Link |  Bookmark |December 28, 2023 1:39:18 PM
SBI ASBA amount not released till date. What to do? Any one has resolution for this?
303. sdz |   Link |  Bookmark |December 28, 2023 12:03:34 PM
IPO Guru IPO Guru (1200+ Posts, 500+ Likes)
Never average falling knives. And most importantly not until the stock stops falling and bottom formation is done. If one really wants to average, atleast do only after 15-20% fall.
302. Ajay for ipo |   Link |  Bookmark |December 28, 2023 9:58:36 AM
Allotted 1 lot in ipo. Baught another 49 today at the rate of 260.8 . Now I have total 100. Can hold for more than 5 years. Can also buy another 100 at 220-230 level. Is it wrong strategy. I have sold 2 lac rupees shares in last 30 days so want to reinvest in fundamentally strong midcaps and some largecap. Senior members pls suggest your opinion as investment purpose.
302.1. Ajay for ipo |   Link |  Bookmark |December 28, 2023 10:14:21 AM
Bought
301. P.D.PATEL |   Link |  Bookmark |December 27, 2023 10:50:18 PM
In my SBI account i apply through SBI ASBA and I can't get allotment in muthoot but still my amount was not unblocked
Plz suggest me what to do to get unblock
301.1. CPCP |   Link |  Bookmark |December 28, 2023 6:44:24 AM
Same here... I am not allotted but my funds still show blocked. I have applied under SBI ASBA. Any one Plz guide
301.2. yaash |   Link |  Bookmark |December 28, 2023 10:28:49 AM
same here what to do. still the amount is not unblocked in SBI ASBA
300. pradeep chandrakant koli |   Link |  Bookmark |December 27, 2023 2:40:44 PM
Sir Mere pas 100 qty muthoot micrifin Rs.281/- hold karu ya sell
300.1. Basuvr |   Link |  Bookmark |December 27, 2023 5:20:22 PM
IPO Guru IPO Guru (2000+ Posts, 1100+ Likes)
My opinion is to hold it.

Your Money, Your decision, Your Priorities
🙏
300.2. CoolAsh |   Link |  Bookmark |December 27, 2023 6:15:44 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
Allotted 714 shares via HNI @291 and bought an additional 586 @271. Total 1300 for an average of 282. I think will need to hold at least 2 quarters but you never know
299. CPCP |   Link |  Bookmark |December 27, 2023 7:34:41 AM
Hello everyone.. I am not allotted but my funds still show blocked. I have applied under SBI ASBA. Plz guide
299.1. yaash |   Link |  Bookmark |December 27, 2023 4:29:27 PM
even I am facing the same issue with issue with SBI ASBA. Still the amount is locked. not sure how to resolve it
298. pradeep chandrakant koli |   Link |  Bookmark |December 27, 2023 3:04:51 PM
please reply sir
297. Vipul M Shah |   Link |  Bookmark |December 27, 2023 12:05:32 PM (400+ Posts)
SBI ASBA has yet not released the Lien amount in HNI category. Anybody else phasing the same issue?
297.1. Deepesh Priolkar |   Link |  Bookmark |December 27, 2023 1:17:08 PM
I am facing the same issue. I had applied in retail category but did not get an allotment. However, the funds are not yet released by SBI and still shown as lein. What steps shall be taken?
297.2. yaash |   Link |  Bookmark |December 27, 2023 2:27:02 PM
same for me also. I applied for 1 BHNI and did not get any allotment and funds are not released
296. Vipul M Shah |   Link |  Bookmark |December 27, 2023 1:22:08 PM (400+ Posts)
@Deepesh Priolkar We should approach our Bank Manager but still we shall have to wait 1 or 2 more days. Hope till then matter will be resolved.