December 26, 2023
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Muthoot Microfin IPO GMP IPO GMP, details & review @ Chanakyanipothi.com India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.
IPO Post Listing Review: Muthoot Pappachan Group-backed Muthoot Microfin lists at Rs 275, down over 5% from IPO price of Rs. 291. However from medium to long term angle, the scrip is expected to provide bumper returns.
Muthoot Microfin IPO Review:
Muthoot Microfin which India’s 5th largest microfinance company is showing strong growth in its AUM and its net profits. The NPA, in post covid lending is almost nil. During the current year, the company is expected to post impressive performance. Because of strong parentage, it can avail funds at very reasonable rates and earn better margins compared to peers. Apply.
Study our detailed guidance.
Muthoot Microfin IPO last Grey Market Premium
Premium: Rs.30
R-Subject to Rs. 1200
Rs 10 L Application Rs. –
BHNI Subject to Rs. 16800
What is the Subscription Status of Muthoot Microfin IPO?
On 20 December 2023 5.00 pm (Day 3) (Closed)
Review: Subscriptions below expectations
QIB: 6859205 Shares 18.35 T
NII(10L+): 3429602 Shares 12.96 T
NII (<10L) 1714802 Shares 15.69 T
NII (Total) 5144404 Shares 13.87 T
RII: 12003610 Shares 8.00 T
Total: 24387447 Shares 12.30 T
Who is the promoter of Muthoot Microfin IPO?
THOMAS JOHN MUTHOOT, THOMAS MUTHOOT, THOMAS
GEORGE MUTHOOT, PREETHI JOHN MUTHOOT, REMMY THOMAS, NINA GEORGE AND MUTHOOT FINCORP LIMITED
What is the business of Muthoot Microfin?
Muthoot Microfin is a microfinance institution providing micro-loans to women customers with a focus on rural regions of India. It is the fourth largest NBFC-MFI in India in terms of gross loan portfolio as of
December 31, 2022. It is also the third largest amongst NBFC-MFIs in South India in terms of gross loan portfolio, the largest in Kerala in terms of MFI market share, and a key player in Tamil Nadu with an almost 16% market share, as of December 31, 2022.
As of March 31, 2023, its gross loan portfolio amounted to ?92,082.96 million. It believes that its business model helps in driving financial inclusion, as it serves customers who belong to low-income groups. As of March 31, 2023, it has 2.77 million active customers, who are serviced by 10,227 employees across 1,172 branches in 321 districts in 18 states and union territories in India. It has built its branch network with an emphasis on under-served rural markets with growth potential, in order to ensure ease of access to customers. Its branches are connected to its IT networks and are primarily located in commercial spaces which it believes are easily accessible by the customers.
Muthoot Microfin is a part of the Muthoot Pappachan Group, a business conglomerate with presence across financial services, automotive, hospitality, real estate, information technology infrastructure, precious metals and alternate energy sectors. The Muthoot Pappachan Group has a history of over 50 years in the financial services business. It is the second largest company under the Muthoot Pappachan Group, in terms of AUM for the Financial Year 2023. MFL, the flagship company of the Muthoot Pappachan Group, holds 54.16% of the pre-Offer Equity Share capital in the Company, on a fully diluted basis.
For more information, click www.muthootmicrofin.com
What is the object of Muthoot Microfin IPO?
The Offer comprises the Fresh Issue and an Offer for Sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements.
Muthoot Microfin IPO GMP, Particulars & Guidance
| Muthoot Microfin IPO Details | |
| IPO opens on | 18 December, 2023 |
| IPO closes on | 20 December, 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 32989690 Sh /Rs 960 Cr |
| * Fresh Issue | 26116838 Sh /Rs 760 Cr |
| * Offer for Sale | 6872852 Sh /Rs 200 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 277-291 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 14 per share |
| Retail Lot Size | 51 Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr |
| QIB (50 %) | 16494845 | 480.00 |
| NII (15 %) | 4948454 | 144.00 |
| RII (35 %) | 11546391 | 336.00 |
| Employees | X | – |
| Total Shares | 32989690 | 960.00 |
| Retail portion will be oversubscribed by | 226399 Forms. | |
| How to apply in Muthoot Microfin IPO ? | Net of RII discount Rs. | |
| Min Retail Application | 51 Sh | 14841 |
| Max Retail Application | 663 Sh | 192933 |
| Small HNI (Min) application | 714 Sh | 207774 |
| Small HNI (Max) application | 3417 Sh | 994347 |
| Big HNI Application | 3468 Sh | 1009188 |
| What is the timetable of Muthoot Microfin IPO? | |
| IPO opens on | 18 December 2023 |
| IPO Closes on | 20 December 2023 |
| IPO Allotment on | 21 December 2023 |
| Unblocking of ASBA | 22 December 2023 |
| Credit of Shares | 22 December 2023 |
| Listing on | 26 December 2023 |
| Registered Office of Muthoot Microfin | |
| 13th Floor, Parinee Crescenzo, Bandra Kurla Complex, Bandra East, Mumbai 400 051, Maharashtra, India |
|
| Who are the Lead Managers of Muthoot Microfin IPO? ICICI Securities ltd Axis Capital Ltd JM Financial Ltd SBI Capital Markets Ltd |
|
| Registrar to IPO | |
| KFin Technologies Limited |
| Muthoot Microfin IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 696.28 | 7.05 | 0.62 | 0.79 |
| 2021-22 | 842.94 | 47.39 | 4.15 | 3.55 |
| 2022-23 | 1446.34 | 163.89 | 14.19 | 10.08 |
| Book Value of the Share on 31.03.2023 | Rs. | 139.15 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 291 | ||
| Ratio Analysis | |
| Upper Price /last EPS | 20.5 |
| Upper Price/Book Value Ratio | 2.09 |
| Upper Price/BV after IPO | ? |
Peer Comparison.
| As on date of DRHP | Total | PE |
| Income | Ratio of | |
| Rs. In Cr | ||
| Muthoot Microfin | 1446.34 | 20.50 |
| Equitas SF bank | 4831.46 | 17.57 |
| Ujjivan SFB | 4754.19 | 6.33 |
| Credit Access | 3550.79 | 26.67 |
| Spandana Spooty | 1477.03 | 381.72 |
| Bandhan Bank | 18373 | 17.32 |
| Suryodaya Sf bank | 1281.1 | 22.31 |
| Fusion Micro | 1799.97 | 12.6 |
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Muthoot Microfin IPO GMP, Particulars & Guidance
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