Muthoot Microfin Limited IPO : Muthoot Microfin, the microfinance subsidiary of the Muthoot Pappachan group, has been granted permission by the Securities and Exchange Board of India to proceed with its initial public offering (IPO) worth Rs 1350 crore. This is a significant development for the company as it will provide access to public funds and allow for the expansion of its operations and customer base. Muthoot Microfin aims to become one of India’s leading microfinance institutions by providing financial assistance to underserved communities throughout the country. The IPO also offers an opportunity for investors to participate in this noble cause while potentially reaping substantial returns on their investment. With a strong track record of growth and a commitment to serving its customers, Muthoot Microfin is poised for success in the microfinance sector.
The world of investing can be daunting, especially when it comes to IPOs. But fear not, because we’re here to break it down for you. In this blog post, we’ll be diving deep into the Muthoot Microfin Limited IPO and everything you need to know about it. From what an IPO is to how you can participate in the Muthoot Microfin Limited IPO, we’ve got you covered. So whether you’re a seasoned investor or just starting out, keep reading to get all the details on this exciting opportunity.
Muthoot Microfin Limited IPO
Muthoot Microfin, a leading non-banking financial company in India, is all set to go public with an initial public offering (IPO) worth Rs 1350 Cr. The IPO comprises of a fresh issue of Rs 950 Cr and an offer for sale (OFS) valued at Rs 400 Cr. Muthoot Microfin’s unique feature is its provision of microloans exclusively to women clients. The company is ranked third among NBFCs in South India and fourth among NBFC-MFIs nationwide in terms of gross loan portfolio as of December 31, 2023. The mainboard IPO subscriptions will soon be open for interested investors.
The details of the 2023 Muthoot Microfin IPO, such as allotment, price band, lot size, and Grey Market Premium (GMP), have not been announced yet. It is advisable to monitor trustworthy financial news sources for updates as they are released. It is crucial to keep in mind that investing in IPOs can be a risky affair, and it is vital to do comprehensive research and seek expert advice before investing in any stock. Before investing in an IPO, one should consider factors like the company’s financial health, growth prospects, industry trends, and competition. This will help investors make informed decisions and mitigate potential risks associated with investing in an IPO.
Follow US On Social Media
Muthoot Microfin Limited IPO Details
| Article Name | Muthoot Microfin Limited IPO |
| Category | Trending |
| Official Website | Click Here |
Also Check: Karnataka Election 2023
Muthoot Microfin Limited IPO Allotment & Listing Dates
The official announcement for the opening and closing date of Muthoot Microfin Limited’s IPO is still pending, however, it is anticipated to take place in January 2024. Muthoot Pappachan Group encompasses Muthoot Microfin, a company with an active customer base of 2.77 million and a gross loan portfolio amounting to ₹92,082.96 million. With 10,227 employees dispersed across 1,172 outlets in 18 states and union territories, the organization caters to the needs of its 2.77 million customers.
As of the company’s pre-offer equity share capital, 54.16% was held by MFL, its flagship business. The allotment and listing of shares are expected to be released soon, with January 2024 as the anticipated date. Once the shares are allotted, your Demat account will receive a credit for the allocated shares. This process is crucial in ensuring transparency and accuracy in the allocation of shares to investors. It also helps in streamlining the process and making it more efficient for everyone involved.
Check Here: World Economy Ranking 2023
Muthoot Microfin IPO Size & Reservation
Retailers will be allow to submit up to thirteen lots of applications, though the minimum and maximum lot sizes have yet to be announce. This information is crucial for retailers planning to participate in the upcoming application process. Understanding the lot sizes can help retailers better plan their inventory and sales strategies. It’s essential to keep an eye out for further announcements regarding lot sizes to make inform business decisions.
The Muthoot Microfin IPO, which raise a total of Rs 1,350.00 crore, was built through book-building. The IPO comprise of a fresh issuance of Rs 950.00 crores and an offer to sell Rs 400.00 crores. The reservation details are provide below:
- A minimum of 15% of the Net Issue in NII (HNI) Shares is offer.
- Offer of QIB Shares is not to exceed 50% of the Net Issue.
- A minimum of 35% of the Net Issue in retail shares were offer.
Muthoot Microfin Limited Purpose & Aim
To ensure future capital needs are met, the company intends to bolster its capital base using the Net Proceeds from the Fresh Issue. The company’s objectives, as state in the Memorandum of Association, encompass both primary goals and those that are directly or indirectly associate with them. These objectives enable the business to:
- In order to execute the current business operations we engage in.
- To execute the projects that have been proposed for funding with the Net Proceeds.
Moreover, through the listing of equity shares on stock exchanges, the company aims to gain access to a broader audience and establish a public market for equity shares in India, among various other benefits.
Look Here: IRS Get My Payment
Muthoot Microfin IPO Grey Market Premium
The Grey market Premium and subscription details for an initial public offering (IPO) are yet to be announce by the concern authorities. Interest investors are advise to stay update on developments regarding this matter. The Grey market Premium refers to the difference between the actual price of shares during an IPO and the price at which they are trade in the grey market. Conversely, a subscription allows investors to apply for shares before they become available for trading on the stock exchange. Understanding these two aspects of an IPO can help investors make inform decisions while investing in it. It is advisable to conduct thorough research and gain knowledge about all aspects relate to an IPO before investing in it. This can help investors minimize risks and maximize returns on their investments.
Muthoot Microfin IPO Members & Promoters
- Thomas John Muthoot is the director of the holding company.
- Thomas Muthoot, the Director of the holding company
- Sadaf Sayeed, the CEO
- Thomas George Muthoot, the director of a holding company.
Muthoot Microfin IPO Apply or Not?
Investing in the Muthoot Microfin IPO can be a profitable decision. But it is crucial to seek expert assistance before making any investment decisions. Experts can provide valuable insight and guidance regarding the IPO. Including details about the company’s financial performance, future growth prospects. And potential risks associate with investing. By seeking expert advice, investors can make inform decisions and mitigate the risks associate with investing in an IPO. It is advisable to conduct thorough research and analysis before investing in any IPO, as this can help investors make inform decisions and maximize their returns on investment.
To apply for the Muthoot Microfin IPO, you can visit their website and apply through a broker. Zerodha and Trade Smart Online are two of the top-rate brokers for applying to IPOs. The most common method of application is ASBA (Applications Support by Block Amount). With ASBA, the applicant’s account is debit only after shares are allot to them, making it a safe and convenient option. It is advisable to research different brokers and their charges before choosing one for IPO application.
Read More: Important Days in June 2023
How may I apply for the Public Offer for Muthoot Microfin?
When it comes to applying for the Muthoot Microfin public offer, using ASBA Internet banking is the most efficient method. Another option is to apply online with UPI through your stockbroker. Applying through ASBA Internet banking ensures that the require funds are not debit from your account until shares are allocate to you. This means that if you are not allot any shares, the money remains in your account and earns interest. Applying via UPI can also be a convenient option as it eliminates the need for paperwork and allows for quick and hassle-free transactions. However, it is important to make sure that you have a valid UPI ID before applying through this method.
If you prefer to submit your IPO (Initial Public Offering) application through paper, then you can fill out a physical form and send it to your broker. However, it’s important to note that brokers offering UPI (Unifi Payments Interface) IPO applications do not provide banking services. It’s advisable to check with your bank if they offer UPI services before applying for an IPO through this channel.
Muthoot Microfin Limited IPO FAQ’S
When Muthoot Microfin IPO will open?
The IPO for Muthoot Microfin will commence on December 18, 2023 and conclude on December 20, 2023.
What is the lot size of Muthoot Microfin IPO?
The lot size for the Muthoot Microfin IPO is 51 shares, with a minimum required investment amount of ₹14,841.
How to apply for Muthoot Microfin IPO?
To participate in the Muthoot Microfin IPO, you have the option to apply online using either UPI or ASBA as your payment method. If you choose ASBA, you can access the IPO application in the net banking section of your bank account. On the other hand, if you prefer UPI, brokers who do not provide banking services offer the IPO application. For more information on how to apply for an IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank, please continue reading.
When is Muthoot Microfin IPO allotment?
The Basis of Allotment for the Muthoot Microfin IPO will be completed on Thursday, December 21, 2023. The shares that have been allocated will be deposited into your demat account by Friday, December 22, 2023. To find out the status of your Muthoot Microfin IPO allotment, please check.
Related Post:
RLWL Remote Location Waiting List Tickets