Muthoot Microfin Limited Founded in April 1992, The company a subsidiary of Muthoot Pappachan Group, provides micro-loans to female customers with a focus on rural regions in India.
Muthoot Microfin Limited is a microfinance institution (MFI) that provides microloans to women in rural areas. It was founded in 1992 and is headquartered in Kochi. Muthoot Microfin is a subsidiary of the Muthoot Pappachan Group and Muthoot Fincorp Limited.
Muthoot Microfin has 1,340 branches, 339 districts, and is present in 18 states and union territories. It offers thrift credit and other financial services and products to customers in rural, semi-urban, and urban areas.
In 2021, the company launched the “Mahila Mitra” mobile application, which enables digital payment methods such as QR codes, websites, SMS-based links and voice-based payment methods. As of March 31, 2023, 1.18 million customers have downloaded the Mahila Mitra application and 1.70 million customers have made digital transactions.
As of March 31, 2023, the company has 2.77 million active customers, 1,172 branches in 321 districts in 18 states and union territories in India, and employs 10,227 people.
Muthoot Microfin Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 18 Dec 2023 |
| IPO Close Date | 20 Dec 2023 |
| Allotment Date | 21 Dec 2023 |
| IPO Listing Date | 26 Dec 2023 |
Muthoot Microfin Limited IPO Timetable
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 277 to Rs. 291 Per Equity Share |
| Market Lot | 51 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 960 Crore. |
Muthoot Microfin Limited IPO Timetable
| Application | Lots | Shares | Amount |
| Minimum | 1 | 51 | Rs. 14841 |
| Maximum | 13 | 663 | Rs. 192933 |
| Small HNI (Minimum) | 14 | 714 | Rs. 207774 |
| Big HNI (Minimum) | 68 | 3468 | Rs. 1009188 |
Muthoot Microfin Limited IPO Timetable
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Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 8529.20 | 5591.46 | 4183.85 |
| Total Revenue | 1446.34 | 842.94 | 969.25 |
| Profit After Tax | 163.89 | 47.40 | 7.05 |
Company Promoters:
The promoters of the company are Thomas John Muthoot, Thomas Muthoot, Thomas George Muthoot, Preethi John Muthoot, Remmy Thomas, Nina George and Muthoot Fincorp Limited.
Purpose of the Issue
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting the capital base to meet future capital requirements.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Muthoot Microfin Limited 13th Floor, Parinee Crescenzo, Bandra Kurla Complex Bandra East, Mumbai 400 051, Phone: +91 48 4427 7500 Email: info@muthootmicrofin.com Website: https://muthootmicrofin.com/ | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: muthoot.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
