MUTHOOT MICROFIN LISTING
Muthoot Microfin to stay on the radar with a few tailwinds
A part of Muthoot Pappachan Group, the company provides micro loans to women with a focus on rural areas. It had 1,508 branches in 353 districts across 18 states of India as of March 2024. Its AUM grew by 32.4% year-on-year to ₹12,193.5 crore in FY24.
Stocks in news: Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, Indian Oil
Benchmark indices show positive momentum for the second consecutive day with lower volatility compared to the results day. Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, and Indian Oil are in focus for various news developments. Allcargo Terminals, Bajaj Finserv, RVNL, Muthoot Microfin, and Pidilite Industries have also made significant announcements.
Muthoot Microfin looking to raise $50 million in ECB
Muthoot Microfin, headquartered in Ernakulam and part of the Muthoot Pappachan group, aims to secure $50 million through external commercial borrowing (ECB) to diversify its funding sources and extend liability duration. The CEO anticipates a syndicated deal at a lower cost than the current average cost of funds.
Turnaround after battling many headwinds? 4 microfinance stocks with upside potential of up to 38% in next one year
Right from the Covid-19 crisis to the tightening of regulatory requirements on capital in a short span and increasing competition, all these three headwinds hit the microfinance industry in one go. The result, the stocks that at one point in time were getting high valuations cracked sharply and underperformed. This is how the journey of the last few years of microfinance companies can be described. However, given the fact that they are the lender to the most marginalized section of society where the requirement of capital is always high, these companies have been able to manage and have been able to survive though growth has not been as expected. In any sector, the phase of headwinds comes at the face where two things tend to happen. First, few players get more attention on the street second the upward journey of stocks is slightly more volatile in the initial phase of recovery.
Go for MFIs that can either become M&A targets or gobble up others: Mahantesh Sabarad
Mahantesh Sabarad discusses stock market growth, Vodafone FPO's impact, KYC standardization, gold financing, healthcare sector opportunities, and potential in the microfinance sector with a focus on M&A activities. Sabarad says: "A lot of M&A activities are likely to happen in microfinance space. A lot of PE interest also exists. "
Muthoot Microfin records 32% YoY asset growth, loan collection efficiency soars
Muthoot Microfin, a listed pure-play microfinance lender, reported a 32% year-on-year growth in assets under management (AUM) along with a significant improvement in loan collection efficiency, leading to enhanced profitability. Its AUM reached Rs 12,194 crore by the end of March, with loan disbursement rising by 32% to Rs 10,662 crore in FY24.
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$17.7 billion worth of shares to enter market in next 3 months as IPO lock-in expires for 66 cos
The value pertains to the total lock-up opening shares and it is important to note that not all of these shares will come for sale as a sizable portion of these shares are also held by promoters and groups.
Nearly 70% IPOs of FY24 trading above issue prices. What lies ahead in FY25?
Fiscal 2024 showcased a vibrant IPO market with 75 companies hitting the Street, including Tata Technologies and IREDA. Strong performances marked the year from the likes of Signature Global and Netweb Technologies. Analysts expect robustness in IPO market to continue.
Muthoot Microfin lowers lending rates by 55 bps
Muthoot Microfin has decided to reduce lending rates by up to 55 basis points on fresh loans to existing customers. This move comes after nearly two years of upward movement in loan rates. The reduction in rates will not affect the lender's net interest margin, which rose to 12.6% for the December 2023 quarter.
Muthoot Microfin shares rally 14% after Q3 profit jumps 119% YoY
"Our assets under management have grown 5% q-o-q and 39% y-o-y to Rs 114,581.37 million, with PAT soaring by 119% y-o-y to Rs 1,245.7million
Muthoot Microfin share price drops further after discount listing. Good opportunity to buy?
Analysts said a series of NBFCs getting listed in the last few months and a wave of other IPOs led to a divergence of focus from Muthoot. Furthermore, the company is more focused on the Southern region and valuation is on par with other listed NBFCs, which might be a reason for the tepid debut on the bourses.
Muthoot Microfin shares debut at 5% discount to issue price
Muthoot Microfin share price: The IPO comprised a fresh issue of Rs 760 crore and an offer-for-sale (OFS) of Rs 200 crore. Under the OFS, promoters Thomas John Muthoot, George Muthoot, Preethi John Muthoot, Remmy Thomas and investor Greater Pacific Capital offloaded shares.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 31%
While it should always be followed as the basic principle of investing, in markets when valuations are high it becomes extremely important for an investor to look at a company and their operating and valuation matrix separately. The reason, when there is a change in the operating matrix, the valuation matrix gets impacted more. The reason to be cautious is that when a correction takes place, and it does, stocks which have seen an improvement due to fundamental reasons tend to perform relatively well as compared to others. So look at stocks where analysts' outlook has improved over the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Muthoot Microfin shares to list on Tuesday. What GMP signals ahead of listing?
Muthoot Microfin shares will likely get listed on the exchanges on December 26. Ahead of the listing, the company's shares are commanding a premium of Rs 26 in the unlisted market. Considering the upper price band of Rs 291, the company's shares are expected to list with a mild premium of 9% on the exchanges.
IPO calendar next week: 5 SME issues, 8 listings investors need to watch out for
If we go by the grey market trends, the listings of all eight companies will likely be at a minimum premium of over 20%. Motisons Jewellers is leading the lot as the stock is trading over 100% higher than the IPO price of Rs 55.
8 IPOs to make D-Street debut next week. Will all listings be positive?
Motisons Jewellers is the most buzzed of the lot, commanding a premium of Rs 76 in the unlisted market against an issue price of Rs 55. The issue, which closed on Wednesday, was subscribed by a massive 159 times at the end, led by non-institutional and retail investors. The share allotment for the public offer is expected later in the evening today.
Muthoot Microfin IPO allotment date: Check status, other details
Muthoot Microfin IPO Allotment Status: The allotment status can also be checked by visiting the official website of the registrar to the issue which is Bigshare Services in this case.
Muthoot Microfin IPO subscribed 11.52 times on final day. Check details
Muthoot Microfin IPO comprises a fresh issue of Rs 760 crore and an offer-for-sale (OFS) of Rs 200 crore. Under the OFS, promoters Thomas John Muthoot, George Muthoot, Preethi John Muthoot, Remmy Thomas, and investor Greater Pacific Capital will offload shares.
Muthoot Microfin IPO oversubscribed at 2.83 times on Day 2. Check GMP, other details
Muthoot Microfin IPO GMP: According to consolidated data available at 5 pm on the NSE, the issue attracted share bids of 6.89 crore against the issue size of 2,43,87,447 shares. The quota reserved for retail individual investors (RIIs) was subscribed 4.05 times. The issue was subscribed to 3.11 times in the NII category. As for qualified institutional buyers (QIB) category, the issue was subscribed 0.46 times.
Inox India IPO: Listing expected on Thursday. What GMP signals ahead of debut
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
Suraj Estate Developers IPO subscribed 2.4 times on day 2 of bidding. Check GMP and other details
The issue attracted bids for 1,99,67,000 shares or 2.42 times the issue size of 82,35,293 shares. The quota reserved for retail individual investors (RIIs) was subscribed 3.9 times. The issue was subscribed 2.06% in the NII category. The portion for qualified institutional bidders was booked 12%.
Inox India IPO share allotment expected today. Here's how you can check status
Inox India IPO Allotment Status: The initial public offer (IPO) of Inox India was subscribed 61 times at close, driven by strong interest from qualified institutional buyers.
Muthoot Microfin IPO: Retail portion fully subscribed on Day 1. Check GMP and other details
The IPO comprises a fresh issue of Rs 760 crore and an offer-for-sale (OFS) of Rs 200 crore. Under the OFS, promoters Thomas John Muthoot, George Muthoot, Preethi John Muthoot, Remmy Thomas, and investor Greater Pacific Capital will offload shares.
Muthoot Microfin's Rs 960-crore IPO opens. Should you subscribe to this issue?
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.
Muthoot Microfin IPO opens on Monday. 10 things to know before subscription
The price band of Muthoot Microfin's IPO is fixed at Rs 277-291. Investors can bid for 51 shares in 1 lot and in multiples thereafter.
Muthoot Microfin raises Rs 285 crore from anchor investors ahead of IPOmarkets IPO FPO
The company has allocated 97,93,812 shares to 26 anchor investors. These include foreign portfolio investors like Morgan Stanley, Societe Generale, Copthall Mauritius Investment.
IPO Watch: Muthoot Microfin raises Rs 285 crore via pre-IPO placement to 26 investors
The company has allocated 97,93,812 shares to 26 anchor investors. These include foreign portfolio investors like Morgan Stanley, Societe Generale, Copthall Mauritius Investment.
Positive sentiment around IPO should sustain, says Ashi Anand
"The IPO market is clearly very hot. Given the fact that these are primary issuances, I would rather not speak about specific IPOs. But I think given the fact that market sentiment is overall very strong, retail participation is aggressive, small and midcaps are kind of doing very well."
IPO calendar next week: 11 IPOs, including 7 mainboard issues, lined up to raise Rs 4,000 cr
Analysts said the strong interest in IPOs is due to an increased focus on profitability and reasonable pricing of deals, at least relative to prevailing higher valuation multiples in listed peers.
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