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.
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
| Particulars | For the year/period ended (in Rs. Millions) | ||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 10,893.80 | 6,204.02 | 3,686.38 | 2,339.65 | 1,480.62 |
| Profit After Tax (PAT) | 2,275.75 | 977.20 | 635.97 | 439.79 | 271.27 |
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.
| IPO Opening Date | Apr 18, 2011 |
| IPO Closing Date | Apr 21, 2011 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹160 to ₹175 per equity share |
| Market Lot | 40 Shares |
| Min Order Quantity | 40 Shares |
| Listing At | BSE, NSE |
| Issue Size | 51,500,000 Eq Shares of ₹10 (aggregating up to ₹901.25 Cr) |
The Muthoot IPO market lot size is 40 shares. A retail-individual investor can apply for up to 28 lots (1120 shares or ₹196,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 40 | ₹7,000 |
| Maximum | 28 | 1120 | ₹196,000 |
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.
Muthoot Finance IPO, Muthoot Finance Ltd IPO, Muthoot Finance IPO Bidding, Muthoot IPO Allotment Status, Muthoot Finance IPO drhp and Muthoot Finance IPO listing.
| Equity Shares (in crore) | Promoters Holding | Book Value | |
| Pre-issue | 320.21 | 93.00% | Rs 35.00 |
| Post-issue | 371.71 | 80.12% |
The Muthoot IPO is subscribed 24.55x times on Apr 21, 2011 19:15. The public issue subscribed 8.50x in the retail category, 25.01x in the QIB category, and 60.94x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 25.01x |
| NII | 60.94x |
| RII | 8.50x |
| Total | 24.55x |
| Listing Date | Friday, May 6, 2011 |
| BSE Script Code | 533398 |
| NSE Symbol | MUTHOOTFIN |
| Listing In | B Group of Securities |
| ISIN | INE414G01012 |
| IPO Price | ₹175 per equity share |
| Face Value | ₹10 per equity share |
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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
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 is a main-board IPO of 51,500,000 equity shares of the face value of ₹10 aggregating up to ₹901.25 Crores. The issue is priced at ₹160 to ₹175 per equity share. The minimum order quantity is 40 Shares.
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.
The Muthoot IPO opens on Apr 18, 2011 and closes on Apr 21, 2011.
Muthoot IPO lot size is 40 Shares and the minimum order quantity is 40 Shares.
You can apply in Muthoot 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
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.
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