Muthoot Microfin IPO: Key Details, Dates, Objectives, Risk
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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 Date | December 18, 2023 to December 20, 2023 |
| Face Value | ₹10 per share |
| Price | 277-291 |
| Lot Size | 51 |
| Total Shares offered | 32,989,691 shares |
| Offer for Sale | Rs. 200 Crore |
| Issue Type | Book Built Issue IPO |
| Listing at | BSE, 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 Shareholder | Type | Amount (In Rs. Million) |
| Thomas John Muthoot | Promoter Selling Shareholder | Up to ₹ 700 Million |
| Thomas Muthoot | Promoter Selling Shareholder | Up to ₹ 700 Million |
| Thomas George Muthoot | Promoter Selling Shareholder | Up to ₹ 700 Million |
| Remmy Thomas | Promoter Selling Shareholder | Up to ₹ 300 Million |
| Nina George | Promoter Selling Shareholder | Up to ₹ 300 Million |
Greater Pacific Capital WIV Ltd | Investor Selling Shareholder | Up to ₹ 1000 Million |
Company’s Financials
(In Rs Millions)
| Particulars | FY 2023 | FY 2022 | Growth % |
| Revenue from operations | 92,082.96 | 62,549.42 | 47.21% |
| Net Interest Income | 8,797.54 | 4,923.52 | 78.6% |
| Net Profit | 1,638.89 | 473.98 | 245.77% |
Company’s Product Portfolio
| Loan End - Use | Number of Loan Accounts (million) | Gross Income-Generating Gross Loan portfolio ( in rupees million) |
| Agriculture | 0.77 | 26,211.14 |
| Animal Husbandry | 1.18 | 34,903 |
| Manufacturing | 0.2 | 5,679.00 |
| Services | 0.96 | 27,934.48 |
| Trading | 0.36 | 10,349.35 |
| Sanitation | 0.06 | 1,127.59 |
| Consumption | 0.36 | 1,882 |
| Education | 0.05 | 583 |
| Total | 3.94 | 1,08,670 |
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