Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹175.00 per share . The lot size for an application is 40. The minimum amount of investment required by an retail is ₹6,400 (40 shares). 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 Date | April 18, 2011 to April 21, 2011 |
| Listing Date | May 6, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹160 to ₹175 per share |
| Issue Price Final | ₹175 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,15,00,000 shares (aggregating up to ₹901.25 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 32,02,12,768 shares |
| Share Holding Post Issue | 37,17,12,768 shares |
Muthoot IPO offers total 5,15,00,000 shares. Out of which 2,57,50,000 (50.00%) allocated to QIB, 1,80,25,000 (35.00%) allocated to QIB, 77,25,000 (15.00%) allocated to NII, 1,80,25,000 (35.00%) allocated to RII and 77,25,000 (15.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Muthoot Finance IPO opens on April 18, 2011, and closes on April 21, 2011.
| IPO Open Date | Mon, Apr 18, 2011 |
| IPO Close Date | Thu, Apr 21, 2011 |
| Tentative Listing Date | Fri, May 6, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 21, 2011 |
Investors can bid for a minimum of 40 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (in Rs. Millions) | ||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 10,893.80 | 6,204.02 | 3,686.38 | 2,339.65 | 1,480.62 |
| Profit After Tax (PAT) | 2,275.75 | 977.20 | 635.97 | 439.79 | 271.27 |
The Company Muthoot IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
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% |
| Listing Date | May 6, 2011 |
| BSE Script Code | 533398 |
| NSE Symbol | MUTHOOTFIN |
| ISIN | INE414G01012 |
| Final Issue Price | ₹175 per share |
| BSE Listing Group | B |
Muthoot Finance Ltd.
Muthoot Chambers,
Opposite Saritha Theatre Complex,
2nd Floor, Banerji Road,
Cochin, Kerala, 682018
Phone: (91 484) 239 4712
Email: investors@muthootfinance.com
Website: http://www.muthootfinance.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: mfl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Muthoot Finance IPO is a main-board IPO of 5,15,00,000 equity shares of the face value of ₹10 aggregating up to ₹901.25 Crores. The issue is priced at ₹175 per share. The minimum order quantity is 40.
The IPO opens on April 18, 2011, and closes on April 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 April 18, 2011 and closes on April 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 Friday, May 6, 2011.
Useful Articles
RHP