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Muthoot Microfin IPO

Muthoot Microfin IPO

  • Status: Closed
  • RHP:
  • ₹ 14,127 / 51 shares

    Minimum Investment

IPO Details

  • Open Date

    18 Dec 2023

  • Close Date

    20 Dec 2023

  • IPO Price Range

    ₹ 277 to ₹ 291

  • IPO Size

    ₹ 960 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    26 Dec 2023

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IPO Timeline

Muthoot Microfin IPO Subscription Status

Last Updated: 22 December 2023 10:46 AM by 5Paisa

Muthoot Microfin Limited IPO is all set to open from 18th December to 20th December 2023. The company is in the business of offering micro-loans to women. The IPO includes a fresh issue of 26,116,838  shares worth ₹760.00 cr and an Offer-for-Sale (OFS) of 6,872,852 shares worth ₹200.00 cr. The total IPO size is ₹960.00 cr. The share allotment date is 21st December, and the IPO will be listed on 26th December on the stock exchanges. The price band is ₹277 to ₹291 per share and the lot size is 51 shares.    

ICICI Securities Limited, Axis Capital Limited, JM Financial Limit, and SBI Capital Markets Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar. 

Objectives of Muthoot Microfin IPO:

●    To fund capital requirements.
●    General corporate purpose.   

Muthoot Microfin IPO Video:

 

Established in 1991, Muthoot Microfin Limited is in the business of offering micro-loans to women to generate income. The company focuses on rural India and is a part of the Muthoot Pappachan Group.

As of December 2022, Muthoot Microfin ranked fourth in terms of the largest NBFC-MFI for gross loan portfolio. It was also the third largest NBFC-MFI in South India for gross loan portfolio and the first largest in Kerala for MFI market share for the same period. In Tamil Nadu, the company had a market share of around 16% for the stated period. Its total gross loan portfolio stood at ₹92,082.96 million as of March 2023. 

Muthoot Microfin believes in financial inclusion and has a focus on providing loans to women in rural areas to help them earn a livelihood. The company reported 2.77 million active customers in 1172 branches across 321 districts in 18 States and union territories in India as of March 2023. 

Muthoot Microfin’s loan portfolio includes

●    Group loans
●    Pragathi loans
●    Life betterment solutions such as mobile phone loans
●    Health and hygiene loans 
●    Secured loans in the form of gold loans and Muthoot Small & Growing Business (“MSGB”) loans. 

Income-generating loans lead the company's gross loan portfolio with a contribution of 94.98% standing at ₹87,464.14 million as of March 2023.

Peer Comparison

●    Equitas Small Finance Bank Limited
●    Ujjivan Small Finance Bank Limited
●    CreditAccess Grameen Limited
●    Spandana Sphoorty Financial Limited
●    Bandhan Bank Limited
●    Suryoday Small Finance Bank Limited
●    Fusion Micro Finance Limited

For More Information:
Muthoot Microfin IPO GMP
Webstory on Muthoot Microfin IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 1428.76 832.50 684.16
EBITDA 788.48 425.66 327.21
PAT 163.88 47.39 7.05
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 8529.19 5591.45 4183.84
Share Capital 140.19 133.33 114.17
Total Borrowings 6903.35 4254.87 3293.95
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -2332.88 -1083.57 -703.95
Net cash from / (used in) investing activities -180.03 -73.80 -37.95
Net cash flow from / (used in) financing activities 2566.54 1344.13 79.69
Net increase (decrease) in cash and cash equivalents 53.62 186.75 186.75

Strengths

1.    The company has market leadership with a pan-India presence.
2.    The company has rural-focused operations and is committed to the health and social welfare of customers.
3.    It also has a strong brand recall and synergies with the Muthoot Pappachan Group.
4.    Robust risk management framework leading to healthy portfolio quality.
5.    It has a streamlined and scalable operating model and technology-led systems and solutions for operations.
6.    Access to diversified sources of capital and effective cost of funds.
7.    Experienced promoters and management team.
 

Risks

1.    The business is vulnerable to interest rate risk, and volatility in interest can impact its profitability. 
2.    An increase in the level of non-performing assets or provisions may adversely affect its financial condition.
3.    It is subjected to periodic inspections by the Reserve Bank of India.
4.    The company generates a significant portion of its revenues from South India.
5.    Negative cash flow was reported in the past. 
6.    Any downgrade in credit ratings may constrain access to capital.
7.    Operates in a highly competitive industry. 
 

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FAQs

The minimum lot size of Muthoot Microfin IPO is 51 shares and the investment required is ₹14,127.

The price band of Muthoot Microfin IPO is ₹277 to ₹291 per share.

The Muthoot Microfin IPO is open from 18th December to 20th December 2023.
 

The size of Muthoot Microfin IPO is around ₹960 cr. 

The share allotment date of Muthoot Microfin IPO is 21st of December 2023.

The Muthoot Microfin IPO will be listed on 26th of December 2023.

ICICI Securities Limited, Axis Capital Limited, JM Financial Limit, and SBI Capital Markets Limited are the book-running lead managers for Muthoot Microfin IPO.

The fresh issue proceeds will be used by the company for:

●    To fund capital requirements.
●    General corporate purpose.    
 

To apply for Muthoot Microfin IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Muthoot Microfin IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.