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

Muthoot Microfin Ltd. 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

₹ 181.96

Current Return

-37.47%

Muthoot Microfin Ltd. News

Muthoot Microfin - Quaterly Results5 Nov, 7:27PM Muthoot Microfin - Quaterly Results5 Nov, 7:27PM Muthoot Microfin raises $3 million through Bonds 28 Oct, 5:14PM Muthoot Microfin informs about press release9 Sep, 10:07AM Muthoot Microfin raises $12 million through Bonds 26 Aug, 4:42PM Muthoot Microfin opens first branch in Andhra Pradesh23 Aug, 9:30AM Muthoot Microfin informs about earnings call transcript 19 Aug, 12:59PM Muthoot Microfin - Quaterly Results9 Aug, 8:09PM Muthoot Microfin - Quaterly Results9 Aug, 8:09PM Muthoot Microfin raises Rs 66.40 crore through NCDs8 Aug, 11:00AM Muthoot Microfin gets corporate agent license from IRDAI25 Jun, 2:57PM Muthoot Microfin informs about press release22 Jun, 4:31PM Muthoot Microfin informs about press release 12 Jun, 12:49PM Muthoot Microfin enters into strategic co-lending partnership with SBI6 Jun, 5:00PM Muthoot Microfin - Quaterly Results6 May, 7:45PM Muthoot Microfin - Quaterly Results6 May, 7:45PM Muthoot Microfin informs about key business update8 Apr, 9:50AM Muthoot Microfin raises $75 million via external commercial borrowing 30 Mar, 12:24PM Muthoot Microfin informs about closure of trading window 28 Mar, 5:16PM Muthoot Microfin - Quaterly Results29 Jan, 9:16PM

Company Financials

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

Company Name

Muthoot Microfin Ltd.

Exchange

NSE: MUTHOOTMF BSE: 544055

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 860.22 684.17 832.51 1428.76 2270.18
Total Expenditure 542.65 369.07 417.28 657.86 785.05
Operating Profit 317.56 315.1 415.23 770.91 1485.13
Other Income 6.52 12.11 10.44 17.58 15.31
Interest 290.67 299.33 340.16 549.01 883.16
Depreciation 13.71 18.83 20.78 26.61 35.44
Exceptional Items 0 0 0 0 0
Profit Before Tax 19.7 9.06 64.72 212.87 581.84
Provision for Tax 1.49 2 17.32 48.98 132.26
Net Profit 18.21 7.05 47.4 163.89 449.58
Adjusted EPS (Rs.) 0.16 0.06 0.42 1.4 2.64

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 114.17 114.17 133.33 140.2 170.49
Total Reserves 792.82 775.72 1203.25 1485.65 2633.86
Borrowings 2921.35 3015.66 3996.61 6493.18 8359.37
Other N/C liabilities 110.84 -5.4 0.16 -2.16 20.31
Current liabilities 171.1 273.66 253.33 406.56 406.19
Total Liabilities 4110.28 4173.81 5586.68 8523.42 11590.23
Assets
Net Block 109.1 109.99 121.25 171.9 214.66
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0 0.05 0.05 63.36 46.71
Loans & Advances 6.8 4.36 7.56 15.27 21.6
Other N/C Assets 2564.92 3293.9 4399.87 7026.58 9435.66
Current Assets 1429.46 765.53 1057.96 1246.32 1871.6
Total Assets 4110.28 4173.81 5586.68 8523.42 11590.23
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 3.78 6.62 3.28 0.62
Profit Before Tax 129.84 177.39 146.56 81.19
Tax 5.28 57.63 33.34 19.58
Profit After Tax 124.57 119.76 113.22 61.61
Adjusted EPS (Rs) 7.31 7.02 6.64 3.61

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 55.47 0
Jun 2024 55.47 0
Mar 2024 55.47 0
Dec 2023 55.47 0
Mar 2018 96.93 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 19.7 9.06 64.72 212.87 581.84
Adjustment 50.54 108.2 44.06 157.98 24.66
Changes in Assets & Liabilities 83.87 -815.97 -1139.29 -2669.58 -2607.33
Tax Paid -39.86 -5.23 -53.07 -34.15 -124.43
Operating Cash Flow 114.25 -703.96 -1083.58 -2332.88 -2125.26
Investing Cash Flow -65.5 -37.95 -73.8 -180.03 -225.33
Financing Cash Flow 462.53 79.69 1344.13 2566.54 2548.8
Net Cash Flow 511.28 -662.22 186.75 53.63 198.21
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