Agencies- What is the business overview of Muthoot Microfin?
Muthoot Microfin is the fourth largest microfinance company in India in terms of gross loan portfolio. It is the third largest in south India, with the largest in Kerala in terms of market share, and a key player in Tamil Nadu with an almost 16% share. - What is the industry overview of Muthoot Microfin?
The microfinance industry’s gross loan portfolio increased at a compounded annual growth rate of 21% since the financial year 2018 to reach approximately Rs 3.3 lakh crore in the third quarter of the financial year 2023. - What is the size of Muthoot Microfin IPO?
The IPO comprises a fresh issue of Rs 760 crore and an offer-for-sale (OFS) of Rs 200 crore. - Who are the selling shareholders under OFS?
Under the OFS, promoters Thomas John Muthoot, George Muthoot, Preethi John Muthoot, Remmy Thomas and investor Greater Pacific Capital will offload shares. - What is the price band for Muthoot Microfin IPO?
The price band of this public issue is fixed at Rs 277-291. Investors can bid for 51 shares in 1 lot and in multiples thereafter. - What is the structure of Muthoot Microfin IPO?
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors. - How is the financial performance of Muthoot Microfin?
For FY23, the company reported a revenue of Rs 1430 crore and a profit of Rs 164 crore. In the six months ended September 2023 period, the company's revenue increased 72% year-on-year to Rs 1042 crore, while profit jumped multifold to Rs 205 crore. - What are the objects of Muthoot Microfin IPO?
The microfinance firm aims to augment its capital base through the proceeds from the initial public offering. As per the RBI regulations, microfinance institutions are required to maintain a minimum capital adequacy of 15% consisting of tier-I capital and tier-II capital. - What is the current GMP of Muthoot Microfin?
According to market analysts, the current GMP of Muthoot Microfin is Rs 88 in the unlisted market. - Who are the book running lead managers for Muthoot Microfin IPO?
ICICI Securities, Axis Capital, JM Financial, and SBI Capital Markets are the book running lead managers to the issue.
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