What you must know about Muthoot Microfin IPO?
by 5paisa Research Team
13 Dec 2023
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 26-Dec-23
- IPO Price Range ₹277
- Listing Price ₹278
- Listing Change -4.5 %
- Last Traded Price ₹182.81
- Current Change -37.2 %
Muthoot Microfin IPO Details
- Open Date 18-Dec-23
- Close Date 20-Dec-23
- Lot Size 51
- IPO Size ₹ 960 Cr
- IPO Price Range ₹ 277 to ₹ 291
- Min Investment ₹ 14,127
- Listing Exchange BSE, NSE
- Basis of Allotment 21-Dec-23
- Refunds 22-Dec-23
- Credit to Demat Account 22-Dec-23
- Listing Date 26-Dec-23
Muthoot Microfin IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 18-Dec-23 | 0.00 | 0.65 | 1.58 | 0.95 |
| 19-Dec-23 | 0.48 | 3.28 | 4.30 | 3.04 |
| 20-Dec-23 | 18.35 | 13.87 | 8.00 | 12.30 |
Muthoot Microfin IPO Synopsis
Muthoot Microfin Limited IPO is all set to open from 18th December to 20th December 2023. The company is in the business of offering micro-loans to women. The IPO includes a fresh issue of 26,116,838 shares worth ₹760.00 cr and an Offer-for-Sale (OFS) of 6,872,852 shares worth ₹200.00 cr. The total IPO size is ₹960.00 cr. The share allotment date is 21st December, and the IPO will be listed on 26th December on the stock exchanges. The price band is ₹277 to ₹291 per share and the lot size is 51 shares.
ICICI Securities Limited, Axis Capital Limited, JM Financial Limit, and SBI Capital Markets Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar.
Objectives of Muthoot Microfin IPO:
● To fund capital requirements.
● General corporate purpose.
Muthoot Microfin IPO Video:
About Muthoot Microfin
Established in 1991, Muthoot Microfin Limited is in the business of offering micro-loans to women to generate income. The company focuses on rural India and is a part of the Muthoot Pappachan Group.
As of December 2022, Muthoot Microfin ranked fourth in terms of the largest NBFC-MFI for gross loan portfolio. It was also the third largest NBFC-MFI in South India for gross loan portfolio and the first largest in Kerala for MFI market share for the same period. In Tamil Nadu, the company had a market share of around 16% for the stated period. Its total gross loan portfolio stood at ₹92,082.96 million as of March 2023.
Muthoot Microfin believes in financial inclusion and has a focus on providing loans to women in rural areas to help them earn a livelihood. The company reported 2.77 million active customers in 1172 branches across 321 districts in 18 States and union territories in India as of March 2023.
Muthoot Microfin’s loan portfolio includes
● Group loans
● Pragathi loans
● Life betterment solutions such as mobile phone loans
● Health and hygiene loans
● Secured loans in the form of gold loans and Muthoot Small & Growing Business (“MSGB”) loans.
Income-generating loans lead the company's gross loan portfolio with a contribution of 94.98% standing at ₹87,464.14 million as of March 2023.
Peer Comparison
● Equitas Small Finance Bank Limited
● Ujjivan Small Finance Bank Limited
● CreditAccess Grameen Limited
● Spandana Sphoorty Financial Limited
● Bandhan Bank Limited
● Suryoday Small Finance Bank Limited
● Fusion Micro Finance Limited
For More Information:
Muthoot Microfin IPO GMP
Webstory on Muthoot Microfin IPO
Muthoot Microfin Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 1428.76 | 832.50 | 684.16 |
| EBITDA | 788.48 | 425.66 | 327.21 |
| PAT | 163.88 | 47.39 | 7.05 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 8529.19 | 5591.45 | 4183.84 |
| Share Capital | 140.19 | 133.33 | 114.17 |
| Total Borrowings | 6903.35 | 4254.87 | 3293.95 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -2332.88 | -1083.57 | -703.95 |
| Net cash from / (used in) investing activities | -180.03 | -73.80 | -37.95 |
| Net cash flow from / (used in) financing activities | 2566.54 | 1344.13 | 79.69 |
| Net increase (decrease) in cash and cash equivalents | 53.62 | 186.75 | 186.75 |
Muthoot Microfin IPO Key Points
-
Strengths
1. The company has market leadership with a pan-India presence.
2. The company has rural-focused operations and is committed to the health and social welfare of customers.
3. It also has a strong brand recall and synergies with the Muthoot Pappachan Group.
4. Robust risk management framework leading to healthy portfolio quality.
5. It has a streamlined and scalable operating model and technology-led systems and solutions for operations.
6. Access to diversified sources of capital and effective cost of funds.
7. Experienced promoters and management team.
-
Risks
1. The business is vulnerable to interest rate risk, and volatility in interest can impact its profitability.
2. An increase in the level of non-performing assets or provisions may adversely affect its financial condition.
3. It is subjected to periodic inspections by the Reserve Bank of India.
4. The company generates a significant portion of its revenues from South India.
5. Negative cash flow was reported in the past.
6. Any downgrade in credit ratings may constrain access to capital.
7. Operates in a highly competitive industry.
Muthoot Microfin
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Muthoot Microfin IPO FAQs
What is the minimum lot size and investment required for the Muthoot Microfin IPO?
The minimum lot size of Muthoot Microfin IPO is 51 shares and the investment required is ₹14,127.
What is the price band of Muthoot Microfin IPO?
The price band of Muthoot Microfin IPO is ₹277 to ₹291 per share.
When does the Muthoot Microfin IPO opens and closes?
The Muthoot Microfin IPO is open from 18th December to 20th December 2023.
What is the size of the Muthoot Microfin IPO issue?
The size of Muthoot Microfin IPO is around ₹960 cr.
What is the allotment date of the Muthoot Microfin IPO?
The share allotment date of Muthoot Microfin IPO is 21st of December 2023.
What is the Muthoot Microfin IPO listing date?
The Muthoot Microfin IPO will be listed on 26th of December 2023.
Who are the book runners for the Muthoot Microfin IPO?
ICICI Securities Limited, Axis Capital Limited, JM Financial Limit, and SBI Capital Markets Limited are the book-running lead managers for Muthoot Microfin IPO.
What is the objective of Muthoot Microfin IPO?
The fresh issue proceeds will be used by the company for:
● To fund capital requirements.
● General corporate purpose.
How to apply for the Muthoot Microfin IPO?
To apply for Muthoot Microfin IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Muthoot Microfin IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Muthoot Microfin IPO
Contact Information
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 Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: muthoot.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Muthoot Microfin IPO Lead Manager
SBI Capital Markets Limited
JM Financial Limited
ICICI Securities Limited
Axis Capital Limited
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