The Muthoot Microfin IPO commenced on December 18, 2023, and concluded on December 20, 2023. The allotment of shares took place on December 21, 2023, and the initiation of refunds began on December 22, 2023. The shares were credited to the demat accounts of investors on December 22, 2023. Finally, the listing of Muthoot Microfin on the stock exchange occurred on December 26, 2023.
The Muthoot Microfin IPO was priced at ₹277 to ₹291 per share, with a lot size of 51 shares. The total issue size was ₹960.00 crores, comprising a fresh issue of ₹760.00 crores and an offer for sale of ₹200.00 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Muthoot Microfin IPO Basic Details
| Company Name | Muthoot Microfin Limited |
| Domain of Company | Finance Company |
| Muthoot Microfin IPO GMP Today | ₹80 |
| Muthoot Microfin IPO Listing Gain | 27.49% |
| Muthoot Microfin IPO Open Date | December 18, 2023 |
| Muthoot Microfin IPO Close Date | December 20, 2023 |
| Muthoot Microfin IPO Allotment Date | December 21, 2023 |
| Muthoot Microfin IPO Listing Date | December 26, 2023 |
| Face Value | ₹10 per share |
| Price | ₹277 to ₹291 per share |
| Lot Size | 51 Shares |
| Issue Size | 32,989,690 shares of ₹10 (aggregating up to ₹960.00 Cr) |
| Fresh Issue | 26,116,838 shares of ₹10 (aggregating up to ₹760.00 Cr) |
| Offer for Sale | 6,872,852 shares of ₹10 (aggregating up to ₹200.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Thomas John Muthoot, Thomas Muthoot, Thomas George Muthoot, Preethi John Muthoot, Remmy Thomas, Nina George and Muthoot Fincorp Limited |
Muthoot Microfin IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹80 | 27.49% | – | – |
| 15 December 2023 | ₹80 | 27.49% | – | – |
Muthoot Microfin IPO Details:
Established in April 1992, Muthoot Microfin Limited is a part of the Muthoot Pappachan Group, and we specialize in providing small loans to women, mainly in rural areas of India.
We offer various types of loans, including:
- Group loans for supporting livelihoods, such as income-generating loans, Pragathi loans (bridging loans for existing customers for working capital and income-generating activities), and individual loans.
- Life improvement loans for items like cell phones, solar lights, and household appliances.
- Health and hygiene loans to enhance sanitary facilities.
- Secured loans in the form of gold loans and our Muthoot Small & Growing Business (“MSGB”) loans.
In 2021, we introduced the “Mahila Mitra” mobile application, allowing digital payments through QR codes, websites, SMS-based links, and voice-based methods. By March 31, 2023, 1.18 million customers have downloaded the Mahila Mitra app, and 1.70 million customers have successfully conducted digital transactions.
As of the same date, our company boasts 2.77 million active customers, operates through 1,172 branches across 321 districts in 18 states and union territories in India, and employs a workforce of 10,227 individuals.
Muthoot Microfin IPO More Details Click Here
Muthoot Microfin IPO FAQs
When is Muthoot Microfin IPO open?
Muthoot Microfin IPO will open on 18 December 2023.
When is Muthoot Microfin IPO Close?
Muthoot Microfin IPO will be closed on 20 December 2023.
What is Muthoot Microfin IPO GMP Today?
The Muthoot Microfin IPO GMP aka Grey Market Premium is ₹80.
What is Muthoot Microfin IPO Kostak Rates Today?
The Muthoot Microfin IPO Kostak Rate is ₹000.
What is Muthoot Microfin IPO Subject to Sauda Price Today?
The Muthoot Microfin IPO subject to sauda rates is ₹000.
Muthoot Microfin IPO Expected Returns?
The Muthoot Microfin expected return is 27.49%.
How much will be the listing gain in Muthoot Microfin IPO?
Muthoot Microfin IPO will get listing gain of 27.49%. (Approx.)
