Muthoot Microfin IPO: Key Details, Dates, Objectives, Risk

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Muthoot Microfin IPO

Muthoot Microfin Limited  is conducting an IPO from December 18, 2023, to December 20, 2023. Each share is priced in the range of ₹277 to ₹291 and has a face value of ₹10 per share. Investors can purchase a minimum of 51 shares for ₹14,127. The total value of this offering is ₹960 crores, comprising an offer for sale of ₹200 crores & fresh issue of ₹760 crores.

Key Details on Muthoot Microfin Limited IPO

IPO DateDecember 18, 2023 to December 20, 2023
Face Value₹10 per share
Lot Size51
Total Shares offered32,989,691 shares
Offer for SaleRs. 200 Crore 
Issue TypeBook Built Issue IPO
Listing atBSE, NSE

What does Muthoot Microfin Limited do?

  • Muthoot Microfin Limited is part of Muthoot Pappachan Group and is the group's second-largest company in terms of AUM. 
  • The company primarily provides loans for income generating purposes to women customers living in rural areas.

Details of the Offer for Sale by the Selling Shareholders

Name of the Selling ShareholderTypeAmount (In Rs. Million)
Thomas John Muthoot Promoter Selling ShareholderUp to ₹ 700 Million 
Thomas Muthoot Promoter Selling ShareholderUp to ₹ 700 Million 
Thomas George MuthootPromoter Selling ShareholderUp to ₹ 700 Million 
Remmy ThomasPromoter Selling ShareholderUp to ₹ 300 Million 
Nina George Promoter Selling ShareholderUp to ₹ 300 Million  

Greater Pacific

Capital WIV Ltd

Investor Selling ShareholderUp to ₹ 1000 Million 

Company’s Financials

(In Rs Millions)

ParticularsFY 2023FY 2022Growth %
Revenue from operations92,082.9662,549.4247.21%
Net Interest Income8,797.544,923.52 78.6%
Net Profit1,638.89473.98245.77%

Company’s Product Portfolio

Loan End - Use Number of Loan Accounts (million)Gross Income-Generating Gross Loan portfolio
( in rupees million)
Animal Husbandry1.1834,903
Services 0.9627,934.48
Sanitation 0.061,127.59
Consumption 0.361,882
Total 3.941,08,670