1. IPO Details
Muthoot Microfin IPO is a book built issue of Rs 960.00 crores. The issue is a combination of fresh issue of 2.61 crore shares aggregating to Rs 760.00 crores and offer for sale of 0.69 crore shares aggregating to Rs 200.00 crores.
Muthoot Microfin IPO bidding started from December 18, 2023 and ended on December 20, 2023. The allotment for the Muthoot Microfin IPO is expected to be finalized on Thursday, December 21, 2023. Muthoot Microfin IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 26, 2023.
Muthoot Microfin IPO price band is set at ₹277 to ₹291 per share. The minimum lot size for an application is 51 Shares. The minimum amount of investment required by retail investors is ₹14,841. The minimum lot size investment for sNII is 14 lots (714 shares), amounting to ₹207,774, and for bNII, it is 68 lots (3,468 shares), amounting to ₹1,009,188.
Muthoot Microfin IPO:
| Parameter | Details |
|---|---|
| IPO Date | December 18, 2023, to December 20, 2023 |
| Listing Date | [To be announced] |
| Face Value | ₹10 per share |
| Price Band | ₹277 to ₹291 per share |
| Lot Size | 51 Shares |
| Total Issue Size | 32,989,690 shares (₹960.00 Cr) |
| Fresh Issue | 26,116,838 shares (₹760.00 Cr) |
| Offer for Sale | 6,872,852 shares (₹200.00 Cr) |
| Employee Discount | ₹14 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 116,837,249 |
| Shareholding Post-Issue | 142,954,087 |
2. IPO Reservation
Muthoot Microfin IPO Reservation:
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor | 9,793,812 (30.00%) | NA |
| QIB | 6,529,210 (20.00%) | NA |
| NII (HNI) | 4,896,907 (15.00%) | |
| bNII (> ₹10L) | 3,264,604 (10.00%) | 4,572 |
| sNII (< ₹10L) | 1,632,302 (5.00%) | 2,286 |
| Retail | 11,426,117 (35.00%) | 224,041 |
| Total Shares Offered | 32,646,046 (100%) |
3. IPO GMP
Muthoot Microfin IPO GMP (Grey Market Premium):
| Price Range | Lot Size | Max. Investment | Bid Dates | Listing Date | GMP Yesterday (20 Dec 2023) | GMP Today (21 Dec 2023) | Expected Share Price | Expected Profit per Lot | Buy Y/N |
|---|---|---|---|---|---|---|---|---|---|
| ₹277 to ₹291 | 51 | ₹14,841 | 18-Dec-23 to 20-Dec-23 | 26-Dec-23 | ₹35 | ₹15 | ₹306 | ₹765 | Y |
4. Anchor Investors Details
Muthoot Microfin IPO Anchor Investors:
| Bid Date | Shares Offered | Anchor Portion Size (In Cr.) | Lock-in Period (50%) | Lock-in Period (Remaining) |
|---|---|---|---|---|
| December 15, 2023 | 9,793,812 | ₹285.00 | February 2, 2024 | April 26, 2024 |
5. IPO Lot Size
Muthoot Microfin IPO Lot Size:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹14,841 |
| Retail (Max) | 13 | 663 | ₹192,933 |
| S-HNI (Min) | 14 | 714 | ₹207,774 |
| S-HNI (Max) | 67 | 3,417 | ₹994,347 |
| B-HNI (Min) | 68 | 3,468 | ₹1,009,188 |
6. IPO Promoter Holding
Muthoot Microfin IPO Promoter Holding:
| Promoters | Share Holding Pre-Issue | Share Holding Post-Issue |
|---|---|---|
| Thomas John Muthoot, Thomas Muthoot, Thomas George Muthoot, Preethi John Muthoot, Remmy Thomas, Nina George, and Muthoot Fincorp Limited | 69.08% | 55.47% |
7. Financial Information (Restated Consolidated)
Muthoot Microfin Limited Financials:
| Period Ended | Assets (₹ Cr) | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) | Debt/Equity |
|---|---|---|---|---|---|
| 31 Mar 2023 | 8,529.20 | 1,446.34 | 163.89 | 1,625.85 | 3.99 |
8. Key Performance Indicator
Muthoot Microfin IPO KPI:
| KPI | Values |
|---|---|
| P/E (x) | 24.96 |
| Post P/E (x) | 25.38 |
| Market Cap (₹ Cr.) | 4960.82 |
| ROE | 11.06% |
| EPS (₹) | 11.98 |
| RoNW | 10.08% |
9. IPO Subscription Status (Bidding Details)
Muthoot Microfin IPO Subscription Status:
| Category | Subscription (times) |
|---|---|
| QIB | 18.35 times |
| NII | 13.87 times |
| bNII (bids above ₹10L) | 12.96 times |
| sNII (bids below ₹10L) | 15.69 times |
| Retail | 8.00 times |
| Total | 12.30 times |
| Total Applications | 1,624,345 (7.25 times) |
