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Muthoot Finance Ltd IPO (Muthoot IPO) Detail

April 18, 2011 - April 21, 2011

Muthoot IPO is a book built issue of Rs 901.25 crores.

Muthoot IPO bidding started from April 18, 2011 and ended on April 21, 2011. The shares got listed on BSE, NSE on May 6, 2011.

Muthoot IPO price band is set at ₹160 to ₹175 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹7,000.

Hdfc Bank Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Muthoot IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Muthoot IPO RHP for detailed information.

Muthoot IPO Details

IPO Date April 18, 2011 to April 21, 2011
Listing Date May 6, 2011
Face Value ₹10 per share
Price Band ₹160 to ₹175 per share
Lot Size 40 Shares
Total Issue Size51,500,000 shares
(aggregating up to ₹901.25 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue320,212,768
Share holding post issue371,712,768

Muthoot IPO Reservation

Muthoot IPO offers 43,775,000 shares. 18,025,000 (41.18%) to QIB, 7,725,000 (17.65%) to NII, 18,025,000 (41.18%) to RII. 450,625 RIIs will receive minimum 40 shares and (sNII) and (bNII) will receive minimum 1,160 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered18,025,000 (41.18%)NA
NII (HNI) Shares Offered7,725,000 (17.65%)
Retail Shares Offered18,025,000 (41.18%)450,625
Total Shares Offered43,775,000 (100%)

Muthoot IPO Lot Size

Investors can bid for a minimum of 40 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 40 ₹7,000
Retail (Max) 28 1120 ₹196,000
Lot Size Calculator

Muthoot IPO Promoter Holding

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

Share Holding Pre Issue 93%
Share Holding Post Issue 80.12%

About Muthoot Finance Ltd

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 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

Key Performance Indicator

KPI Values
ROE48%
RoNW39.12%

Objects of the Issue (Muthoot IPO Objectives)

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 Subscription Status (Bidding Detail)

The Muthoot IPO is subscribed 24.55 times on April 21, 2011 7:15:00 PM. The public issue subscribed 8.50 times in the retail category, 25.01 times in the QIB category, and 60.94 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB25.01
NII60.94
Retail8.50
Total24.55

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.

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 Prospectus

Muthoot IPO Rating

769
4.1
Rating:Rated 4.1 stars
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Muthoot IPO Listing Details

Listing Date May 6, 2011
BSE Script Code 533398
NSE Symbol MUTHOOTFIN
ISIN INE414G01012
Final Issue Price ₹175 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
₹175.00
₹180.00
₹161.50
₹198.00
₹176.25
NSE
₹175.00
₹196.60
₹161.40
₹198.90
₹175.90

Check IPO Performance…

Muthoot Finance Ltd Contact Details

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

Phone: +91-22-4918 6270
Email: mfl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Muthoot IPO FAQs

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 share. The minimum order quantity is 40 Shares.

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

Muthoot IPO lot size is 40 Shares, and the minimum amount required is ₹7,000.

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, Nuvama, 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.

The Muthoot IPO listing date is on May 6, 2011.
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Muthoot IPO Message Board

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990 Comments

990. satyaaa |   Link |  Bookmark |June 26, 2011 1:13:41 PM
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.
989. gundu anna |   Link |  Bookmark |June 11, 2011 7:49:56 AM (500+ Posts, 100+ Likes)
Muthoot stroy over, slowly heading towards 130.
988. pakka hindustani |   Link |  Bookmark |June 2, 2011 9:59:33 AM
I think, Muthoot has now caught the fancy of global investors. There is no stopping now, Now at 183.20. CHEERS!!
987. SAJAI |   Link |  Bookmark |June 1, 2011 3:24:27 PM
Muthoot Finance Limited now @ 181.35
986. pakka hindustani |   Link |  Bookmark |June 1, 2011 11:52:48 AM
Muthoot nicely moving up today, may cross resistance of 179 today and then quickly move to 184-185. CHEERS!!
985. sachin kapil |   Link |  Bookmark |May 31, 2011 11:54:24 AM
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...
984. pakka hindustani |   Link |  Bookmark |May 30, 2011 4:34:28 PM
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.
983. PavanLIC |   Link |  Bookmark |May 30, 2011 1:01:27 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ 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.
982. rakesh valvod |   Link |  Bookmark |May 27, 2011 11:46:09 AM
not cross issue price within month. exit with minor loss.
981. sachin kapil |   Link |  Bookmark |May 27, 2011 11:28:42 AM
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 ?
980. vas nat |   Link |  Bookmark |May 27, 2011 10:45:45 AM (200+ Posts)
Stock jumps 7%.Good momentum building. Those who hold enjoy and continue to hold.
979. vas nat |   Link |  Bookmark |May 26, 2011 6:14:03 PM (200+ Posts)
To all those who hold Muthoot- The company has shown excellent results. Tomorrow would be interesting to watch this counter.
978. TEJENDRA SINGH SHEKHAWAT |   Link |  Bookmark |May 25, 2011 1:56:53 PM
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
977. pakka hindustani |   Link |  Bookmark |May 24, 2011 4:49:14 PM
Todays Muthoot showed strength in weak market. Hopefully it may go to its IPO price on 26th May
976. vas nat |   Link |  Bookmark |May 23, 2011 8:31:50 PM (200+ Posts)
Pakka Hindustani - I too am waiting for the same.
975. pakka hindustani |   Link |  Bookmark |May 23, 2011 11:10:17 AM
Board meeting on 26.5.11. Expect some fireworks & probably rerating of stock.
974. Binns |   Link |  Bookmark |May 23, 2011 9:56:31 AM
what is the future of muthoot
973. Gavin |   Link |  Bookmark |May 18, 2011 5:33:56 PM
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.
972. TEJENDRA SINGH SHEKHAWAT |   Link |  Bookmark |May 18, 2011 1:49:35 PM
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
971. pakka hindustani |   Link |  Bookmark |May 16, 2011 4:23:17 PM
Muthoot woes won't be over until financial stock bounce.