Muthoot Microfin IPO – Review, Allotment status, Subscription, GMP & more
Let’s have a detailed review of the company and analytics of the Muthoot Microfin IPO release date, IPO offer price, subscription, Muthoot Microfin Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, Muthoot Microfin IPO promoters and other related things.
|Face Value||Rs 10|
|Min. Order Quantity||NA|
|Offer for Sale||Rs [●] Lakhs|
|Fresh Issue||Rs [●] Lakhs|
|IPO Size||Rs [●] Lakhs|
Muthoot Microfin IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
|Muthoot Microfin Share Price – Live Performance|
Summary of Muthoot Microfin IPO
Muthoot Microfin is one of the leading micro-finance institutions focused on providing micro-loans to women customers with a focus on rural regions of India. The Company is the fifth largest NBFC-MFI in India in terms of gross loan portfolio, as of March 31, 2018, according to CRISIL Research. The Comapny has 1.2 million active borrowers, who are served by their 467 branches across 168 districts in 16 states and union territories in India, as of March 31, 2018. The Issue comprises of a Public Issue of Equity shares of face value of Rs.10.00 each fully paid .
The Promoter of this company are Thomas John Muthoot, *Thomas Muthoot, Thomas George Muthoot, Preethi John, Remmy Thomas, Nina George and MUTHOOT FINCORP LIMITED. The lead managers to the issue are Edelweiss Financial Services Limited, Motilal Oswal Investment Advisors Limited, Credit Suisse Securities (India) Private Limited & SMC Capitals Limited and the Registrar to this issue is Karvy Computershare Private Limited.
Muthoot Microfin IPO Date
The opening and the closing date of IPO of Muthoot Microfin is not known yet.
Muthoot Microfin IPO Subscription
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day –|
|2nd Day –|
|3rd Day –|
|Shares Offered or Net Issue|
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Muthoot Microfin IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
Muthoot Microfin IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
|Basis of Allotment Finalization||–|
|Credit of Shares to Demat Account||–|
|Share Listing Date||–|
Muthoot Microfin IPO Price Band / Cash Price
The face value of each share is Rs 10, but the price band of the IPO is Rs.
Muthoot Microfin IPO Equity Size
This Initial Public Issue of [●] Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakhs.
Muthoot Microfin IPO Share Offering
Fresh Issue: The Fresh Issue of [●] Eq Shares by their Company, aggregating to Rs.[●] Lakhs,
Issue Size: [●] Eq Shares of Rs.10 each, aggregating to Rs.[●] Lakhs
Offer for Sale: Offer for sale consists of Up to [●] Eq Shares of face value of Rs.10 each, aggregating Rs.[●] Lakhs.
Muthoot Microfin IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
|Live IPO Performance – Muthoot Microfin Share Price|
Muthoot Microfin IPO Grey Market Premium
The Muthoot Microfin Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Muthoot Microfin Limited – Company Overview
Muthoot Microfin Private Limited is one of the leading micro-finance institutions focused on providing micro-loans to women customers with a focus on rural regions of India. The Company is the fifth largest NBFC-MFI in India in terms of gross loan portfolio, as of March 31, 2018, according to CRISIL Research. They have 1.2 million active borrowers, who are served by the 467 branches across 168 districts in 16 states and union territories in India, as of March 31, 2018. The Company’s gross loan portfolio was Rs.29,202.97 million, while the gross loan portfolio in South India was Rs.24,856.50 million, the gross loan portfolio was serviced by 5,583 employees, as of March 31, 2018.
The Company is part of the Muthoot Pappachan Group, which is one of the leading business conglomerates in South India, with presence across financial services, automotive, hospitality, real estate, healthcare, information technology, precious metals and alternate energy sectors.
The Company is promoted by Thomas John Muthoot, *Thomas Muthoot, Thomas George Muthoot, Preethi John, Remmy Thomas, Nina George and MFL.who are the guiding force behind the growth and strategic decisions of the Company.
Muthoot Microfin Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
|Amount (in INR & Millions)|
|Profit After Tax||760.07||370.38||94.10||(1.58)||(0.11)|
Earnings per Equity Share (in Millions)
From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements:
From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 367.53% and 85.02%, respectively.
For the period ended December 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 4,511.44 million, Rs.2,438.42 million and Rs.521.55 million, respectively representing growth of 367.53% from the FY 2015-16 to FY 2016-17. For the period ended December 31, 2018, FY 2016-17 and FY 2015-16 the net profit was Rs.1,142.35 million, Rs.572.22 million and Rs.146.01 million, respectively, representing a growth of 291.90% from the FY 2015-16 to FY 2016-17.
- During the financial year 2016-17 the Other Income of our company increased to Rs. 82.72 million as against Rs. 0.03 million for the financial year 2015-16, representing increase by 814.91% due to increase in interest income & insurance claim in FY 2016- 17.
- Company’s Net Profit after tax for the year 2018 is Rs. 760.07 Lacs from the year 2017 of Rs. 370.38 Lacs showing an increase of 105.21% from last year, showing remarkable performance.
Muthoot Microfin IPO – Promoters
The Promoter of this company are:
- Thomas John Muthoot,
- *Thomas Muthoot,
- Thomas George Muthoot,
- Preethi John,
- Remmy Thomas,
- Nina George
List of Related Parties (Key Managerial Personnel)
- Thomas George Muthoot, Director of holding company
- Thomas John Muthoot, Director of holding company
- *Thomas Muthoot, Director of holding company
- Sadaf Sayeed, Chief executive officer
Business strategies of Muthoot Microfin Limited:
- Diversification of Revenue Streams and Cross-Selling of Products and Services
- Expand the geographical footprint and sourcing platform across India
- Continue to Enhance Information Technology with a Focus on Customer Service
- Diversifying Sources of Funds
Muthoot Microfin IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||Up to [●] Equity Shares, aggregating up to Rs. [●] million|
|Of which:||Up to [●] Equity Shares, aggregating up to Rs. 5,000 million ,Offer for sale -Up to 16,310,072 Equity Shares, aggregating up to Rs. [●] million|
|Reserved for Market Makers||Not more than [●] Equity Shares|
|Net Issue to the Public||Not less than [●] Equity Shares|
|Retail Investors Portion||Not less than [●] Equity Shares|
|Non-Retail Investors Portion||Not less than [●] Equity Shares|
|Equity Shares outstanding prior to the Issue||102,878,211 Equity Shares|
|Equity Shares outstanding after the Issue||[●] Equity Shares|
Muthoot Microfin IPO Issue Object
These are the IPO Issue Objects of the company
- provisioning of credit to customers, including formal and informal self help groups, individuals and associations, operation of micro leasing facilities, micro finance related hire purchase;
- providing credit for buying, selling and supplying industrial and agricultural inputs, livestock, machinery and industrial raw materials to poor persons and to act as agent for any association for the sale of such goods or livestock, encouragement of investment in cottage industries and income generating project for poor persons;
- mobilizing and providing financial and technical assistance and training to Microenterprises /Clients, provision of loans to microfinance clients for home improvement and Consumer credits and to give financial assistance to other Micro Finance Institutions in the form of Term Loan.
Muthoot Microfin IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- leadership in India with a widespread distribution network;
- Brand recall and synergies with Muthoot Pappachan Group;
- Robust risk management framework leading to healthy portfolio quality;
- Strong track record of financial performance;
- Access to diversified sources of capital and effective cost of funds;
- Streamlined operating model with effective use of technology;
- Experienced and Professional Management Team;
The relevant quantitative factors are:
|Basic EPS||Diluted EPS||RONW (%)||NAV (Rs.)|
Muthoot Microfin IPO : Competitive Peers
|Listed Peers||Face Value (Rs.)||P/E||EPS Basic (Rs.)||Return on Net Worth (%)||NAV per share (Rs.)|
|Muthoot Microfin Limited*|
Muthoot Microfin IPO Lead Managers
|Edelweiss Financial Services Limited|
Motilal Oswal Investment Advisors Limited
Credit Suisse Securities (India) Private Limited
SMC Capitals Limited
Muthoot Microfin IPO Registrar to offer
|Registrar to the Offer|
|Karvy Computershare Private Limited|
Karvy Selenium Tower B, Plot 31-32, Financial District,
Nanakramguda Gachibowli, Hyderabad 500 032, Telangana, India
Telephone: (+91) 40 6716 2222; Facsimile: (+91) 40 2300 1153; Email: firstname.lastname@example.org
Investor grievance email: email@example.com; Website: www.karisma.karvy.com
Contact person: M Murali Krishna; SEBI Registration No.: INR000000221
- Statutory Auditor – M/s. Walker Chandiok & Co., LLP
- Peer Review Auditor –Walker Chandiok & Co. LLP., Chartered Accountants
- Bankers to the Company – State Bank of India, Axis Bank ,ICICI Bank and Union Bank limited.
Muthoot Microfin IPO Review by Top 10 Stock Brokers
|Top Stock Brokers Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoters Reputation|
Muthoot Microfin IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
Muthoot Microfin IPO Review FAQs
Ques – What is the Issue Size of Muthoot Microfin IPO?
Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Muthoot Microfin IPO Open Date?
Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA and share listing date is on NA.
Ques – What is the IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. Date when the listing would be done is stagnant on NA.
Ques – Who is the Registrar of this IPO?
Answer – One of the reputed registrars are managing the issue of this IPO, i.e. NA. Their website will help you regarding the further information you are on a lookout for.
Ques – Who is the Promoter of this Company?
Answer – Here are the promoters of this company – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Muthoot Microfin IPO?
Answer – We have obtained the GMP of this IPO and it is NA. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Muthoot Microfin IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of this Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Lakhs is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.
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