Muthoot Microfin Ltd. IPO

Muthoot Microfin Ltd is a leading microfinance institution in India, providing micro-loans to women customers primarily for income generation purposes. It is focused on rural regions of India and has a strong track record of growth. Muthoot Microfin Ltd is part of the Muthoot Pappachan Group, a business conglomerate with a diverse portfolio of companies. The company has a wide range of lending products and services, and it utilizes technology to improve its underwriting capabilities and operational efficiency.

RHP
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DRHP
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Open Date

2023-12-18

Close Date

2023-12-20

IPO Details

Check out the issue details for Muthoot Microfin Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 291

Price Band

₹ 277 - 291

Issue Size

960 Cr.

Issue Type

Book Built

Open

2023-12-18

Close

2023-12-20

Listingprice

₹ 275.3

ListingGain

-5.40%

Listing Date

2023-12-26

CMP

₹ 236.75

Current Return

-18.64%

Company Financials

You can get the following financial statements of Muthoot Microfin Ltd. as of now.

Subscription Details

The details about the Muthoot Microfin Limited IPO is as:

  • The issue size of the IPO is 960 Cr.
  • The price band for Muthoot Microfin Limited IPO is Rs 277 to Rs 291.
  • The employees of the company can apply at a Discount of Rs 14
  • The shares of Muthoot Microfin Limited IPO will list on 26th December 2023.
  • The latest tentative GMP of Muthoot Microfin Limited IPO is Rs 60.
  • The shares of Muthoot Microfin Limited IPO is subscribed 12.20 Times as of 4:28 pm, 20th December 2023.

 

Muthoot Microfin Limited IPO Valuation

The approx valuation of Muthoot Microfin Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 291
Existing Shares (Qty) 14.43 Cr
Fresh Issue 760 Cr
Market Cap 4959.13 Cr
EPS (FY23) Rs 14.19
PE Ratio 20.50x
Industry PE 94.86x

 

Muthoot Microfin Limited IPO Issue Size

Muthoot Microfin Limited IPO issue size is 960 Cr

Issue Amount
Fresh Issue 760 Cr
Offer For Sale 200 Cr

 

Muthoot Microfin Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 51 shares and a maximum of 13 lots of 663 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 51 14,841
 Maximum 13 663 1,92,933

 

Muthoot Microfin Limited IPO share offer

The shares of Muthoot Microfin Limited IPO is subscribed 12.20 Times as of 4:28 pm, 20th December 2023. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 18.35 Times
Non-Institutional Minimum 15% 13.84 Times
Retail Individual Minimum 35% 7.83 Times
Total   12.20 Times

Allotment Details

Find below the dates for Muthoot Microfin Limited IPO:

Schedule Date
Basis of Allotment 21 December 2023
Refunds 22 December 2023
Credit to Demat Account 22 December 2023
IPO Listing Date 26 December 2023

 

Muthoot Microfin Limited IPO allotment is released. Check your allotment by clicking on the button below.  

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Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Other Income 36.12 6.52 12.11 10.44 17.58
Interest 233.84 290.67 299.33 340.16 549.01
Exceptional Items 0 0 0 0 0
Profit Before Tax 270.52 19.7 9.06 64.72 212.87
Tax 69.3 1.49 2 17.32 48.98
Adjusted EPS (Rs.) 1.76 0.16 0.06 0.42 1.4

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 114.17 114.17 114.17 133.33 140.2
Total Reserves 771.62 792.82 775.72 1203.25 1485.65
Borrowings 2451.27 2921.35 3015.66 3996.61 6493.18
Other N/C liabilities 47 110.84 -5.4 0.16 -2.16
Current liabilities 146.13 171.1 273.66 253.33 406.56
Total Liabilities 3530.18 4110.28 4173.81 5586.68 8523.42
Assets
Net Block 20.67 109.1 109.99 121.25 171.9
Capital WIP 0.66 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0 0 0.05 0.05 63.36
Other N/C Assets 5.96 1.31 1.28 1.85 18.64
Current Assets 803.25 1429.46 765.53 1057.96 1233.68
Total Assets 3530.18 4110.28 4173.81 5586.68 8523.42
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023
Other Income 3.78
Interest Expended 234.12
Operating Expenses 211.65
Total Provisions 0
Profit Before Tax 129.84
Tax 5.28
Net Profit 124.57
Adjusted EPS (RS) 7.31

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 55.47 0
Mar 2018 96.93 0
* Figures given above are % of equity capital
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