Muthoot Microfin Limited IPO : Key Information

Muthoot Microfin Limited IPO is set to launch on 18 December, 2023. The company initiated its business operations in the year 1992. The company provides loans to female customers with a focus in rural areas. The types of loans provided by the company include Group loans, life betterment loans, Secured Loans and Health and Hygiene loans. It also launched a Mahila Mitra ad to expand and enhance its business operations. A total of 1.18 million downloads have been done for the application so far. The customer base of the company has a number 2.77 million. It has 1172 branches in 18 states and union territories. It has an employee number of 10277 people.

Muthoot Microfin Limited IPO DETAILS

Muthoot Microfin Limited IPO is set to launch on 18 December, 2023. The subscription timeline extends till 20 December, 2023. The size for the IPO is 960 Crore Rs. Shares issued through fresh issue mode are worth Rs 760 Crore. Shares issued through offer for sale mode are worth Rs 200 Crore. The lot size is 51 shares and the price is 277 Rs to 291 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is KFin Technologies Limited.

Tabular Description of Muthoot Microfin Limited IPO

IPO OPENING DATE	18 December, 2023
CLOSING DATE FOR IPO	20 December, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	277 Rs. to 291 Rs. per share
LOT SIZE	51 shares
MINIMUM ORDER QUANTITY	51 shares
ISSUE SIZE	960 Crore Rs.
OFFER FOR SALE	200 Crore Rs.
FRESH ISSUE	760 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	26 December, 2023

Muthoot Microfin Limited IPO : IMPORTANT DATES

IPO OPENING DATE	18 December, 2023
CLOSING DATE FOR IPO	20 December, 2023
IPO ALLOTMENT DATE	21 December, 2023
REFUNDS	22 December, 2023
DEMAT A/C CREDITED ON	22 December, 2023
IPO LISTING DATE	26 December, 2023

Muthoot Microfin Limited IPO begins for subscription from 18 December, 2023. The IPO subscription would continue till 20 December, 2023. The allotment status for the shareholders who applied would come on 21 December, 2023. The refunds for the ones who did not get allotment would be initiated on 22 December, 2023. The DEMAT accounts of shareholders would be credited on 22 December, 2023. The listing of the company would be completed on 26 December, 2023.

Muthoot Microfin Limited IPO : Lead Managers

The lead managers are :

• Axis Capital Limited
• ICICI Securities Limited
• SBI Capital Markets Limited
• JM Financial Limited

The minimum lot size for the company is decided at 51 shares. This holding accounts to 14841 Rs.. The maximum lot size is decided at 663 shares. This amounts to 192993 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	51 shares	14841 Rs.
Maximum	663 shares	192993 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2020-21	2021-22	2022-23
ASSETS	4183	5591	8529
Revenue	696	842	1446
PAT	7	45	163

Muthoot Microfin Limited had an asset base of 4183 Crore Rs in 2021 which increased to 5591 Crore Rs in 2022 and 8529 Crore Rs in 2023. The revenue of the firm was 696 Crore Rs in 2021, 842 Crore Rs in 2022 and 1446 Crore Rs in 2023. The profit of the company was 7 Crore Rs in 2021. This increased to 45 Crore Rs in 2022 and was 163 Crore Rs in 2023.

PROS

• The types of loans provided by the company include Group loans, life betterment loans, Secured Loans and Health and Hygiene loans.
• It also launched a Mahila Mitra ad to expand and enhance its business operations.
• A total of 1.18 million downloads have been done for the application so far.
• The customer base of the company has a number 2.77 million.
• It has 1172 branches in 18 states and union territories. It has an employee number of 10277 people.

CONS

• The company works in a highly competitive segment.

Muthoot Microfin Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Muthoot Microfin Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.