Bookbuilding IPO | ₹901 Cr | Listed at BSE, NSE | Mon, Apr 18, 2011 - Thu, Apr 21, 2011
Muthoot Finance IPO is a book build issue of ₹901.25 crores. The issue is entirely a fresh issue of 5.15 crore shares of ₹901.25 crore.
Muthoot Finance IPO bidding started from Apr 18, 2011 and ended on Apr 21, 2011. The shares got listed on BSE, NSE on May 6, 2011.
Muthoot Finance IPO price band is set at ₹175 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹7,000 (40 shares) (based on upper price). The lot size investment for sNII is 29 lots (1,160 shares), amounting to ₹2,03,000, and for bNII, it is 143 lots (5,720 shares), amounting to ₹10,01,000.
HDFC Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Muthoot Finance IPO RHP for detailed Information.
IPO Open
Mon, Apr 18, 2011
IPO Close
Thu, Apr 21, 2011
Issue Price
₹175 per share
Market Cap (Pre-IPO)
₹6,504.97 Cr
| IPO Date | 18 to 21 Apr, 2011 |
| Listed on | Fri, May 6, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹160 to ₹175 |
| Issue Price | ₹175 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,15,00,000 shares (agg. up to ₹901 Cr) |
| Fresh Issue | 5,15,00,000 shares (agg. up to ₹901 Cr) |
| Share Holding Pre Issue | 32,02,12,768 shares |
| Share Holding Post Issue | 37,17,12,768 shares |
| BSE Script Code / NSE Symbol | 533398 / MUTHOOTFIN |
| ISIN | INE414G01012 |
Muthoot Finance IPO comprises a total issue size of 5,15,00,000 shares. Out of which, 2,57,50,000 (50.00%) are allocated to QIB, 77,25,000 (15.00%) allocated to NII 1,80,25,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 2,57,50,000 | 50.00% | NA |
| − Anchor Investor Shares Offered | 77,25,000 | 15.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,80,25,000 | 35.00% | NA |
| NII (HNI) Shares Offered | 77,25,000 | 15.00% | NA |
| Retail Shares Offered | 1,80,25,000 | 35.00% | 4,50,625 |
| Total Shares Offered | 5,15,00,000 | 100.00% |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹7,000 |
| Retail (Max) | 28 | 1,120 | ₹1,96,000 |
| S-HNI (Min) | 29 | 1,160 | ₹2,03,000 |
| S-HNI (Max) | 142 | 5,680 | ₹9,94,000 |
| B-HNI (Min) | 143 | 5,720 | ₹10,01,000 |
Incorporated in 1997, Muthoot Finance Ltd is the Kerala - based largest gold financing company in India in terms of loan portfolio. Muthoot Finance provides personal and business loans secured by gold jewellery, or Gold Loans. They have 1605 branches across 20 states and two union territories in India.
Customers of Muthoot Finance are typically small businessmen, vendors, traders, farmers and salaried individuals. They provide retail loan products, primarily comprising Gold Loans. They also disburse other loans, including those secured by Muthoot Gold Bonds. Their Gold Loans have a maximum 12 month term. Other then Gold Loans business, they provide money transfer services through their branches as sub-agents of various registered money transfer agencies. Company also operates three windmills in the state of Tamil Nadu.
| Period Ended |
|---|
| 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 augment the capital base to meet future capital requirements to provide for funding of loans to the customers; and | |
| 2 | General corporate purposes |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 93% | 80.12% |
| Market Cap | ₹6,504.97 Cr. |
The Muthoot IPO is subscribed 24.55 times on April 21, 2011 7:15:00 PM (Day 4). The public issue subscribed 8.5 times in the retail category, 25.01 times in the QIB category, and 60.94 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 25.01 | 1,80,25,000 | |
| NII | 60.94 | 77,25,000 | |
| Retail | 8.5 | 1,80,25,000 | |
| Total | 24.55 | 4,37,75,000 |
CRISIL has assigned an IPO Grade 4 to Muthoot Finance Ltd IPO. This means as per CRISIL, company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Muthoot IPO Grading Report.
Muthoot Finance IPO, Muthoot Finance Ltd IPO, Muthoot Finance IPO Bidding, Muthoot IPO Allotment Status, Muthoot Finance IPO drhp and Muthoot Finance IPO listing.
| Equity Shares (in crore) | Promoters Holding | Book Value | |
| Pre-issue | 320.21 | 93.00% | Rs 35.00 |
| Post-issue | 371.71 | 80.12% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management Fees, Underwriting and Selling Commission (including commission to SCSBs) | 15.13 |
| 2 | Registrar's fees and legal fees | 2.23 |
| 3 | Advertisement and marketing expenses | 11.13 |
| 4 | Stationery printing and distribution expenses (including postage and transportation charges) | 4.00 |
| 5 | IPO Grading expenses | 0.28 |
| 6 | Others (SEBI filing fees, bidding software expenses, depository charges, listing fees, etc.) | 2.25 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹175.00 | ₹175.00 |
| Open | ₹180.00 | ₹196.60 |
| Low | ₹161.50 | ₹161.40 |
| High | ₹198.00 | ₹198.90 |
| Last Trade | ₹176.25 | ₹175.90 |
Lead Manager Reports
Muthoot Finance IPO is a main-board IPO of 5,15,00,000 equity shares of the face value of ₹10 aggregating up to ₹901 Crores. The issue is priced at ₹175 per share. The minimum order quantity is 40.
The IPO opens on Mon, Apr 18, 2011, and closes on Thu, Apr 21, 2011.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Muthoot Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Muthoot Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Muthoot Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Muthoot Finance IPO opens on Mon, Apr 18, 2011 and closes on Thu, Apr 21, 2011.
Muthoot Finance IPO lot size is 40, and the minimum amount required for application is ₹7,000.
You can apply in Muthoot Finance 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 Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Muthoot Finance IPO allotment status.
The Muthoot Finance IPO listing date is on Fri, May 6, 2011.
