Bookbuilding IPO | ₹960 Cr | Listed at BSE, NSE | Mon, Dec 18, 2023 - Wed, Dec 20, 2023
Muthoot Microfin IPO is a book build issue of ₹960.00 crores. The issue is a combination of fresh issue of 2.61 crore shares aggregating to ₹760.11 crores and offer for sale of 0.69 crore shares aggregating to ₹199.89 crores.
Muthoot Microfin IPO bidding started from Dec 18, 2023 and ended on Dec 20, 2023. The allotment for Muthoot Microfin IPO was finalized on Dec 21, 2023. The shares got listed on BSE, NSE on Dec 26, 2023.
Muthoot Microfin IPO price band is set at ₹291 per share. The lot size for an application is 51. The minimum amount of investment required by an retail is ₹14,841 (51 shares) (based on upper price). The lot size investment for sNII is 14 lots (714 shares), amounting to ₹2,07,774, and for bNII, it is 68 lots (3,468 shares), amounting to ₹10,09,188.
The issue includes a reservation of up to 3,61,010 shares for employees offered at a discount of ₹14.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Muthoot Microfin IPO RHP for detailed Information.
IPO Open
Mon, Dec 18, 2023
IPO Close
Wed, Dec 20, 2023
Issue Price
₹291 per share
Market Cap (Pre-IPO)
₹4,960.82 Cr
| IPO Date | 18 to 20 Dec, 2023 |
| Listed on | Tue, Dec 26, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹277 to ₹291 |
| Issue Price | ₹291 per share |
| Lot Size | 51 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹14.00 |
| Total Issue Size | 3,30,07,054 shares (agg. up to ₹960 Cr) |
| Fresh Issue | 2,61,34,205 shares (agg. up to ₹760 Cr) |
| Offer for Sale | 68,72,849 shares of ₹10 (agg. up to ₹200 Cr) |
| Share Holding Post Issue | 14,29,54,087 shares |
| BSE Script Code / NSE Symbol | 544055 / MUTHOOTMF |
| ISIN | INE046W01019 |
Muthoot Microfin IPO offers total 3,30,07,054 shares. Out of which 1,63,23,021 (49.45%) allocated to QIB, 65,29,209 (19.78%) allocated to QIB (Ex- Anchor), 48,96,907 (14.84%) allocated to NII 1,14,26,116 (34.62%) allocated to RII and 97,93,812 (29.67%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,63,23,021 (49.45%) | NA |
| − Anchor Investor Shares Offered | 97,93,812 (29.67%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 65,29,209 (19.78%) | NA |
| NII (HNI) Shares Offered | 48,96,907 (14.84%) | NA |
| − bNII > ₹10L | 32,64,604 (9.89%) | 4,572 |
| − sNII < ₹10L | 16,32,303 (4.95%) | 2,286 |
| Retail Shares Offered | 1,14,26,116 (34.62%) | 2,24,041 |
| Employee Shares Offered | 3,61,010 (1.09%) | NA |
| Total Shares Offered | 3,30,07,054 (100.00%) |
Investors can bid for a minimum of 51 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹14,841 |
| Retail (Max) | 13 | 663 | ₹1,92,933 |
| S-HNI (Min) | 14 | 714 | ₹2,07,774 |
| S-HNI (Max) | 67 | 3,417 | ₹9,94,347 |
| B-HNI (Min) | 68 | 3,468 | ₹10,09,188 |
Muthoot Microfin IPO raises ₹285.00 crore from anchor investors. Muthoot Microfin IPO Anchor bid date is December 15, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Dec 15, 2023 |
| Shares Offered | 97,93,812 |
| Anchor Portion (₹ Cr.) | 285.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jan 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Mar 20, 2024 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Founded in April 1992, Muthoot Microfin Limited, a subsidiary of Muthoot Pappachan Group, provides micro-loans to female customers with a focus on rural regions in India.
The company provides:
In 2021, the company launched the "Mahila Mitra" mobile application, which enables digital payment methods such as QR codes, websites, SMS-based links and voice-based payment methods. As of March 31, 2023, 1.18 million customers have downloaded the Mahila Mitra application and 1.70 million customers have made digital transactions.
As of March 31, 2023, the company has 2.77 million active customers, 1,172 branches in 321 districts in 18 states and union territories in India, and employs 10,227 people.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 8,529.20 | 5,591.46 | 4,183.85 |
| Total Income | 1,446.34 | 842.94 | 696.28 |
| Profit After Tax | 163.89 | 47.40 | 7.05 |
| NET Worth | 1,625.85 | 1,336.58 | 889.89 |
| Reserves and Surplus | 1,282.15 | 1,040.10 | 642.84 |
| Total Borrowing | 6,493.18 | 3,996.61 | 3,015.66 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To undertake our existing business activities; and To undertake the activities proposed to be funded from the Net Proceeds. | 760.00 |
| KPI | |
|---|---|
| ROE | 11.06% |
| Debt/Equity | 3.99 |
| RoNW | 10.08% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.98 | |
| P/E (x) | 24.96 | 25.38 |
| Promoter Holding | 69.08% | 55.47% |
| Market Cap | ₹4,960.82 Cr. |
The Muthoot Microfin IPO is subscribed 12.3 times on December 20, 2023 7:02:00 PM (Day 3). The public issue subscribed 8 times in the retail category, 18.35 times in the QIB category, and 13.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 18.35 | 65,29,210 | 11,98,12,923 |
| NII | 13.87 | 48,96,907 | 6,79,16,190 |
| bNII (bids above ₹10L) | 12.96 | 32,64,604 | 4,23,08,019 |
| sNII (bids below ₹10L) | 15.69 | 16,32,302 | 2,56,08,171 |
| Retail | 8 | 1,14,26,117 | 9,13,90,725 |
| Total | 12.3 | 2,28,52,234 | 28,10,02,809 |
Total Application : 16,24,345
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission | 31.15 |
| 2 | Commission/ processing fee for SCSBs and Bankers to the Offer and fees payable to the Sponsor Bank(s) for Bids made by UPI Bidders. Brokerage, selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs (2)(3)(4)(5) | 5.18 |
| 3 | Fees payable to the Registrar to the Offer | 0.38 |
| 4 | Fees payable to advisors and consultants to the Offer: - Auditors# | 1.42 |
| 5 | Fees payable to advisors and consultants to the Offer: - Independent Chartered Accountant# | 0.09 |
| 6 | Fees payable to advisors and consultants to the Offer: - Industry expert# | 0.32 |
| 7 | Fees payable to advisors and consultants to the Offer: - Fee payable to legal counsel# | 6.94 |
| 8 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 3.26 |
| 9 | Printing and stationery | 3.01 |
| 10 | Advertising and marketing expenses | 9.50 |
| 11 | Miscellaneous | 8.44 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹291.00 | ₹291.00 |
| Open | ₹278.00 | ₹275.30 |
| Low | ₹265.30 | ₹265.50 |
| High | ₹280.80 | ₹281.00 |
| Last Trade | ₹266.20 | ₹266.15 |
Muthoot Microfin IPO is a main-board IPO of 3,30,07,054 equity shares of the face value of ₹10 aggregating up to ₹960 Crores. The issue is priced at ₹291 per share. The minimum order quantity is 51.
The IPO opens on Mon, Dec 18, 2023, and closes on Wed, Dec 20, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Muthoot Microfin IPO using UPI as a payment gateway. Zerodha customers can apply in Muthoot Microfin IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Muthoot Microfin IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Muthoot Microfin IPO opens on Mon, Dec 18, 2023 and closes on Wed, Dec 20, 2023.
Muthoot Microfin IPO lot size is 51, and the minimum amount required for application is ₹14,841.
You can apply in Muthoot Microfin IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Muthoot Microfin IPO will be done on Thursday, December 21, 2023, and the allotted shares will be credited to your demat account by Fri, Dec 22, 2023. Check the Muthoot Microfin IPO allotment status.
The Muthoot Microfin IPO listing date is on Tue, Dec 26, 2023.
