Muthoot Microfin Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 16,323,021 (49%) | — | ₹47,500 Cr |
| NII (HNI) | — | 4,896,907 (15%) | — | ₹14,250 Cr |
| Retail | — | 11,426,116 (35%) | — | ₹33,250 Cr |
| Employee | — | 361,010 (1%) | — | ₹105 Cr |
| Σ Total | — | 33,007,054 (100%) | — | ₹960,505 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹14,841 |
| Retail (Max) | 13 | 663 | ₹192,933 |
| S-HNI (Min) | 14 | 714 | ₹207,774 |
| B-HNI (Min) | 67 | 3,417 | ₹994,347 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Revenue | 1,446 | 843 | 696 |
| Profit After Tax | 164 | 47 | 7 |
| Net Worth | 1,626 | 1,337 | 890 |
| Total Assets | 8,529 | 5,591 | 4,184 |
| Reserves & Surplus | 1,282 | 1,040 | 643 |
| Total Borrowing | 6,493 | 3,997 | 3,016 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- The Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting the capital base to meet future capital requirements. The main objects and objects incidental and ancillary to the main objects set out in the Memorandum of Association enable the company: –
- (i) to undertake our existing business activities, and (ii) to undertake the activities proposed to be funded from the Net Proceeds. Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, including enhancing the brand image among existing and potential customers and creating a public market for the Equity Shares in India. –
Company Overview
Founded in April 1992, Muthoot Microfin Limited, a subsidiary of Muthoot Pappachan Group, provides micro-loans to female customers with a focus on rural regions in India.
The company provides:
- Group loans for livelihood solutions such as income-generating loans, Pragathi loans (bridging loans to existing customers for working capital and income-generating activities) and individual loans
- Life betterment solutions including loans for cell phones, solar lights and household appliances
- Health and hygiene loans such as loans to improve sanitary facilities
- Secured loans in the form of gold loans and our Muthoot Small & Growing Business ("MSGB") loans.
In 2021, the company launched the "Mahila Mitra" mobile application, which enables digital payment methods such as QR codes, websites, SMS-based links and voice-based payment methods. As of March 31, 2023, 1.18 million customers have downloaded the Mahila Mitra application and 1.70 million customers have made digital transactions.
As of March 31, 2023, the company has 2.77 million active customers, 1,172 branches in 321 districts in 18 states and union territories in India, and employs 10,227 people.