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IPO Detail

Muthoot Microfin

MAINBOARD

NSE, BSE

ListedAllotment OutCheck Allotment
How to Apply

Not investment advice. Read RHP before applying.

Price Band

₹277 – ₹291

GMP (Indicative)

₹40

Unofficial · not guaranteed

Lot Size

51 shares

Status

Listed

Open Date

2023-12-18

Close Date

2023-12-20

Listing Date

2023-12-26

Min. Investment

₹14,841

Overview

About the Company

Muthoot Microfin is a microfinance institution providing micro-loans to women entrepreneurs with a focus on rural regions of India.

New to IPO analysis? You may review our structured guides on how IPO allotment works and IPO subscription meaning to better understand demand and allocation mechanics.

Issue

IPO Issue Details

Issue Price

₹277 – ₹291

Face Value

₹10

Issue Size

960.00

Fresh Issue

760

Listing At

BSE, NSE

Lead Manager

ICICI Securities, Axis Capital, JM Financial

Registrar

Kfin Technologies Limited

Lot Size

51

For category-wise quota breakdown such as QIB, HNI, and Retail allocation, refer to our IPO quota structure explanation.

Milestones

Timeline

Open Date2023-12-18
Close Date2023-12-20
Allotment Date2023-12-21
Refund Date
Listing Date2023-12-26

If you are tracking GMP alongside subscription demand, see our grey market premium guide for a structured comparison framework.

Subscription

Live Subscription Details

Latest
QIB: 17.47x
NII: 13.2x
sNII: 12.00x
bNII: 14.00x
Retail: 7.61x
Total: 11.52x

Subscription Progress

QIB17.47x
NII13.2x
sNII12x
bNII14x
Retail7.61x

Subscription data sourced from exchange updates. Values represent times subscribed (x).

Learn how subscription categories are allocated by reading our guide on QIB, HNI and Retail IPO quota structure.

If you are tracking GMP alongside subscription demand, see our grey market premium guide for a structured comparison framework.

Allotment Probability Calculator

SEBI-compliant allotment prediction based on live subscription data.

1 LotMax 13 (₹2L Limit)

Chance of Allotment

13.1%

The Retail category is oversubscribed by 7.61x. Under SEBI rules, allotment is done via a draw of lots (lottery). Every successful applicant gets a maximum of 1 lot, regardless of how many lots they applied for.

GMP (Grey Market Premium)

GMP Overview

₹40

Updated —

High ·Low

+13.7% over issue price

GMP is unofficial and indicative only. It does not guarantee listing price or returns.

GMP is unofficial and indicative. To understand interpretation logic and limitations, read our IPO Grey Market Guide or begin with what IPO GMP means.

Trend

GMP Trend

No GMP data yet. Updates will appear once available.

Investment

Market Lot Details

Retail (Min)
Lots: 1
Shares: 33
Amount: ₹9603
Retail (Max)
Lots: 14
Shares: 462
Amount: ₹134442
sNII (Min)
Lots: 15
Shares: 495
Amount: ₹144045
sNII (Max)
Lots: 68
Shares: 2244
Amount: ₹6,52,804
bNII (Min)
Lots: 69
Shares: 2277
Amount: ₹662607
bNII (Max)
Lots:
Shares:
Amount:

Investors can bid in multiples of the lot size. Final investment depends on the cutoff price.

Allocation

Reservation Details

QIB

75

NII

15

RII

10

Employee

Issue Summary

Objectives of Issue

  1. 1.Augmentation of capital base for onward lending.
  2. 2.General corporate purposes.

Financials

Key Financial Metrics

EPS Pre IPO

54.62

EPS Post IPO

43.04

P/E Pre

5.33

P/E Post

6.76

ROCE

14.85%

Debt / Equity

4.20

PAT Margin

11.24%

Market Cap

3179

Financial figures sourced from official offer documents. Always verify with the RHP.

Ownership

Promoter Holdings

Pre Issue

69.50%

Post Issue

55.40%

Contacts

Company & Registrar Details

Company Address: Second Floor, Muthoot Chambers, Banerji Road, Ernakulam, Kerala - 682 018

Phone: +91-484-239-4712

Email: ipo@muthootmicrofin.com

Website: https://www.muthootmicrofin.com


Registrar: Kfin Technologies Limited

Registrar Phone: +91-22-4918-6270

Registrar Email: ipohelp@linkintime.co.in

Registrar Website: https://linkintime.co.in

Documents

Important Links

DRHP

RHP

Allotment Status

Open Link

Performance

Listing Performance

Listing Exchange

BSE, NSE

Listing Price

₹275

Listing Gain

-5.50%

Pre-Listing Prediction

Est. Gain: 13.75%|Actual Gain: -5.50%

Market Diverged

Application

How to Apply

01

UPI Method (ASBA)

Log in to your broker's app or net banking, navigate to the IPO section, select this IPO, enter lot quantity, and authorise via UPI mandate. Funds are blocked, not debited, until allotment.

02

ASBA via Net Banking

Log in to your bank's net banking portal, go to the IPO / ASBA section, fill in the bid details, and submit. Your bank will block the required amount automatically.

03

Allotment & Refund

Allotment status is typically available within 6 days of the IPO close date. Refunds for unallotted bids are credited within 2 working days post allotment.

You may also review the complete IPO allotment process explanation to understand lottery mechanics and refund timelines.

Qualitative Factors

Strengths & Risks

Company Strengths

  1. 1.Part of the Muthoot Pappachan Group — a trusted Kerala-based conglomerate with multi-decade track record.
  2. 2.Strong rural and semi-urban presence across South India with over 1,300 branches.
  3. 3.Consistent growth in AUM and improving collection efficiency.

Company Risks

  1. 1.Microfinance sector is heavily regulated; any adverse NBFC-MFI regulation can impact operations.
  2. 2.Geographic concentration in South India exposes the portfolio to regional risk.
  3. 3.Asset quality risk inherent in lending to lower-income borrowers.

Legal Disclaimer

Information is sourced from publicly available exchange filings and company offer documents. GMP is unofficial and indicative. IPOCraft does not provide investment advice.

Research Before You Apply

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