Muthoot Microfin Limited IPO
₹277 - ₹291
51
12.3
| Open Date: | 18-Dec-2023 |
| Close Date: | 20-Dec-2023 |
| Allotment Date: | 21-Dec-2023 |
| Listing Date: | 26-Dec-2023 |
| Listing Price: | ₹241.5/- |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹277-291 Per Equity Share |
| Issue Size: | Total Issue Size 32,989,690 shares (aggregating up to ₹960.00 Cr) : Fresh Issue 26,116,838 shares (aggregating up to ₹760.00 Cr) : Offer for Sale 6,872,852 shares of ₹10 (aggregating up to ₹200.00 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,841 : S-HNI - ₹207,774 : B-HNI - ₹1,009,188 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 6,529,210 | 4,896,907 | 11,426,117 | 22,852,234 |
| Day 1 - 18-12-23 05:00 PM | 0.00x | 0.65x | 1.58x | 0.95x |
| Day 2 - 19-12-23 05:00 PM | 0.48x | 3.28x | 4.31x | 3.05x |
| Day 3 - 20-12-23 05:00 PM | 18.35x | 13.87x | 8.00x | 12.30x |
| Total No. of Application: | 1,624,345 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 7.25x | |||
| Earning Per Share(EPS) | ₹11.98/- |
| P/E Ratio | 20.75 |
| RoNW | 10.08% |
| Net Asset Value (NAV) - Post Issue: | ₹139.15/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 8,529.20 | 1,446.34 | 163.89 |
| 31 Mar,2022 | 5,591.46 | 842.94 | 47.40 |
| 31 Mar,2021 | 4,183.85 | 696.28 | 7.05 |
| Pre Issue Share Holding | 69.08% |
| Post Issue Share Holding | 55.47% |
| 1. Thomas John Muthoot |
| 2. Thomas Muthoot |
| 3. Thomas George Muthoot |
| 4. Preethi John Muthoot |
| 5. Remmy Thomas |
| 6. Nina George |
| 7. Muthoot Fincorp Limited |
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.
Incorporated in April 1992, Muthoot Microfin Limited is a microfinance institution that specializes in providing micro-loans to female customers, primarily for income generation purposes, focusing on rural regions of India. As of December 31, 2022, the company is the fourth largest NBFC-MFI in India in terms of gross loan portfolio. It is also the largest MFI in Kerala in terms of market share and the third largest NBFC-MFI in South India in terms of gross loan portfolio. Additionally, the company is a key player in Tamil Nadu, with an almost 16% market share, as of December 31, 2022.
As of March 31, 2023, Muthoot Microfin serves 2.77 million customers through 1,172 branches in 321 districts across 18 Indian states and union territories with the help of 10,227 employees.
The core strength of the company lies in the following:-
- The company is a market leader with a widespread presence throughout India.
- Muthoot Microfin focuses on serving rural communities and is committed to promoting its customers' health and social welfare.
- Brand recall and synergies with the Muthoot Pappachan Group
- A robust risk management framework results in a healthy portfolio quality.
- The company's operating model is designed to be efficient and optimize the use of technology. The company strives to leverage technology to the maximum extent possible to ensure our operations are streamlined and effective.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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