Unlimited Trading @ Rs 899 per month - Prostocks

Muthoot Finance Ltd IPO (Muthoot IPO) Detail

Apr 18, 2011 - Apr 21, 2011

Incorporated in 1997, Muthoot Finance Ltd is the Kerala - based largest gold financing company in India in terms of loan portfolio. Muthoot Finance provides personal and business loans secured by gold jewellery, or Gold Loans. They have 1605 branches across 20 states and two union territories in India.

Customers of Muthoot Finance are typically small businessmen, vendors, traders, farmers and salaried individuals. They provide retail loan products, primarily comprising Gold Loans. They also disburse other loans, including those secured by Muthoot Gold Bonds. Their Gold Loans have a maximum 12 month term. Other then Gold Loans business, they provide money transfer services through their branches as sub-agents of various registered money transfer agencies. Company also operates three windmills in the state of Tamil Nadu.

Company Promoters:

The following individuals are the Promoters of the Company:

1. M.G. George Muthoot;
2. George Thomas Muthoot;
3. George Jacob Muthoot; and
4. George Alexander Muthoot

Company Financials:

ParticularsFor the year/period ended (in Rs. Millions)
31-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income10,893.806,204.023,686.382,339.651,480.62
Profit After Tax (PAT)2,275.75977.20635.97439.79271.27

Objects of the Issue:

The Object of the issue are:

1. To augment capital base to meet future capital requirement to provide for funding of loans to customers;
2. General corporate purposes.

Muthoot IPO Details

Issue OpenApr 18, 2011 - Apr 21, 2011
Issue TypeBook Built Issue IPO
Issue Size51,500,000 Eq Shares of ₹10
(aggregating up to ₹901.25 Cr)
Face Value₹10 Per Equity Share
Issue Price₹160 - ₹175 Per Equity Share
Market Lot40 Shares
Min Order Quantity40 Shares
Listing AtBSE, NSE

Muthoot IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum140₹7,000
Maximum281120₹196,000

Muthoot Finance Ltd IPO Grading

CRISIL has assigned an IPO Grade 4 to Muthoot Finance Ltd IPO. This means as per CRISIL, company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Muthoot IPO Grading Report.

Check IPO Ratings from other stock analysts.

Muthoot Finance Ltd IPO Tags:

Muthoot Finance IPO, Muthoot Finance Ltd IPO, Muthoot Finance IPO Bidding, Muthoot IPO Allotment Status, Muthoot Finance IPO drhp and Muthoot Finance IPO listing.

Shareholding Pattern / Book Value of Muthoot Finance

Equity Shares (in crore) Promoters Holding Book Value
Pre-issue 320.21 93.00% Rs 35.00
Post-issue 371.71 80.12%

Muthoot IPO Subscription Status (Bidding Detail)

Muthoot IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

18,025,000

7,725,000

18,025,000

43,775,000

Apr 21, 2011 19:15

25.01x

60.94x

8.50x

24.55x

Muthoot IPO Prospectus

Muthoot IPO Rating

769
4.1
Rating:Rated 4.1 stars

Vote Here ...

Muthoot IPO Listing Date

Listing DateFriday, May 6, 2011
BSE Script Code533398
NSE SymbolMUTHOOTFIN
Listing InB
ISININE414G01012
Issue Price₹175 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹175.00
₹180.00
₹161.50
₹198.00
₹176.25
22,676,312
NSE
₹175.00
₹196.60
₹161.40
₹198.90
₹175.90
60,613,615

Muthoot IPO Reviews / Ratings

CRISIL IPO Grading - 4.
Mehta Equities - Subscribe.
GEPL Capital - Subscribe.
S P Tulsian - Subscribe for 10% gain.
Nirmal Bang - Subscribe to the issue with a medium to longā€term perspective.
HSBC - Subscribe for listing benefits as well as long-term gains.
ARM Research - Subscribe
KR Choksey - Subscribe.
Aditya Birla Money - Apply.
MLR Securities - Subscribe.

Company Contact Information

Muthoot Finance Ltd
Muthoot Chambers,
Opposite Saritha Theatre Complex,
2nd Floor, Banerji Road, Kochi - 682 018

Phone: (91 484) 239 4712
Email: investors@muthootfinance.com
Website: http://www.muthootfinance.com

Muthoot IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: mfl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Muthoot IPO FAQs

  1. 1. What is Muthoot IPO?

    Muthoot IPO is an main-board initial public offering of 51,500,000 equity shares of the face value of ₹10 aggregating up to ₹901.25 Crores.

    The issue price of the IPO is ₹160 - ₹175 Per Equity Share. The minimum order quantity is 40 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Apr 18, 2011 and closes on Apr 21, 2011.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Muthoot IPO will open?

    The Muthoot IPO opens on Apr 18, 2011 and closes on Apr 21, 2011.

  3. 3. How to apply for Muthoot IPO?

    Muthoot IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Muthoot IPO allotment?

    The finalization of Basis of Allotment for Muthoot IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Muthoot IPO allotment status.

  5. 5. When is Muthoot IPO listing date?

    The Muthoot IPO listing date is on Friday, May 6, 2011, at BSE, NSE.

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

Muthoot IPO Review / Comments

satyaaa
990. satyaaa  Jun 26, 2011 13:13 I Like It. | Report Abuse
Please do not panic in Muthoot, still share can be bough with stop loss of 150. one year target for the scrip is 250. Of course if nifty touches 6000, Muthoot may touch 300 also, Fundamentally very strong company. since market is weak, hence muthoot is also hammered out.
gundu anna
989. gundu anna  Jun 11, 2011 07:49 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Muthoot stroy over, slowly heading towards 130.
pakka hindustani
988. pakka hindustani  Jun 2, 2011 09:59 I Like It. | Report Abuse
I think, Muthoot has now caught the fancy of global investors. There is no stopping now, Now at 183.20. CHEERS!!
SAJAI
987. SAJAI  Jun 1, 2011 15:24 I Like It. | Report Abuse
Muthoot Finance Limited now @ 181.35
pakka hindustani
986. pakka hindustani  Jun 1, 2011 11:52 I Like It. | Report Abuse
Muthoot nicely moving up today, may cross resistance of 179 today and then quickly move to 184-185. CHEERS!!
sachin kapil
985. sachin kapil  May 31, 2011 11:54 I Like It. | Report Abuse
new ad started to telecast on tv now...
i think muthoot is the only gold loan company whose ad we are watching on national tv...its not a big thing but it will definitely creat good image on custmor's mind and it will help in future business...it will creat some surity in the mind of custmore that company is good...
pakka hindustani
984. pakka hindustani  May 30, 2011 16:34 I Like It. | Report Abuse
Muthoot Finance has got tremendous potential & tie up with western union shall further boosts its growth. I think it shall easily move to 190+ in next 2-3 sessions.
PavanLIC
983. PavanLIC  May 30, 2011 13:01 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
http://economictimes.indiatimes.com/articleshow/8608134.cms

Gold finance company Muthoot Finance today said it has tied up with the Western Union Company and Paul Merchant Limited for providing money transfer services through various branches of the company across the country.

"Muthoot Finance will now offer Western Union Money Transfer services from its countrywide network of 2,800 locations linking them to Western Union's network of more than 40,000 locations across 200 countries," Muthoot Finance said in a statement.

According to the World Bank's migration and remittance fact book for 2011, India continues to be the largest remittance receiving country in the world with an estimated USD 55 billion received during the year 2010.

"...With the addition of Muthoot Finance, we hope to further reinforce our national brand presence through Muthoot Finance's extensive network of over 2,800 branches across India shortly," Managing Director-South and East Asia, Western Union Anil Kapur said in a statement.

Echoing Kapur's view, Chairman and Managing Director of Paul Merchants Limited S Paul said,"Through our agreement with Western Union we have facilitated a number of classes of trade including retail and banks to offer Western Union Money Transfer services to remotest corner of India."

The collaboration with Mutthoot Finance is one step in this direction which would positively impact people across 2,800 branches offering the service, he added.

The Western Union Company provides consumers and businesses ways to send and receive money around the world and its agent network in India currently spans over 71,000 agent locations.

All good news(Good results etc) coming now after nominal profit booking.
rakesh valvod
982. rakesh valvod  May 27, 2011 11:46 I Like It. | Report Abuse
not cross issue price within month. exit with minor loss.
sachin kapil
981. sachin kapil  May 27, 2011 11:28 I Like It. | Report Abuse
muthoot 9% up at 171.7

post great result yesterday , FY 11 profit is 495 cr against 227 cr...

hope we get some good price near 190-200 in few days so that we can book profit...

shreedhar whats yr view ? shud we hold it for long term ?
vas nat
980. vas nat  May 27, 2011 10:45 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Stock jumps 7%.Good momentum building. Those who hold enjoy and continue to hold.
vas nat
979. vas nat  May 26, 2011 18:14 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
To all those who hold Muthoot- The company has shown excellent results. Tomorrow would be interesting to watch this counter.
TEJENDRA SINGH SHEKHAWAT
978. TEJENDRA SINGH SHEKHAWAT  May 25, 2011 13:56 I Like It. | Report Abuse
SREEDHAR ,
BHAI I HAVE BEEN CAUGHT IN MUTHOOT ,PLZ ADVICE ME HOW TO QUIT.BHAI I HAVE BEEN WRITING FROM SOMEONE COMPUTER,I CAN ONLY READ YOUR MESSAGES THROUGH MOBILE GPRS.PLZ REPLY.
TS
pakka hindustani
977. pakka hindustani  May 24, 2011 16:49 I Like It. | Report Abuse
Todays Muthoot showed strength in weak market. Hopefully it may go to its IPO price on 26th May
vas nat
976. vas nat  May 23, 2011 20:31 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Pakka Hindustani - I too am waiting for the same.
pakka hindustani
975. pakka hindustani  May 23, 2011 11:10 I Like It. | Report Abuse
Board meeting on 26.5.11. Expect some fireworks & probably rerating of stock.
Binns
974. Binns  May 23, 2011 09:56 I Like It. | Report Abuse
what is the future of muthoot
Gavin
973. Gavin  May 18, 2011 17:33 I Like It. | Report Abuse
Hello Experts

Please advice what happened with muthoot??? After almost 9-10 trading days it going down everyday. Are there any chance of upword movement in muthoot. I hold all of alloted shares. Plz help to advice.
TEJENDRA SINGH SHEKHAWAT
972. TEJENDRA SINGH SHEKHAWAT  May 18, 2011 13:49 I Like It. | Report Abuse
sreedhar,
good afternoon,i am still holding 134+134+134 in muthoot it is going down day by day,plz advice me .
with regards
ts
pakka hindustani
971. pakka hindustani  May 16, 2011 16:23 I Like It. | Report Abuse
Muthoot woes won't be over until financial stock bounce.



Message Board

Stock Message Board



Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App