Muthoot Microfin IPO. Learn about the price band, GMP, and other details...

About Muthoot Microfin

Muthoot Microfin Limited (MML) is a prominent microfinance institution under the Muthoot Pappachan Group, specializing in providing micro-loans primarily to women entrepreneurs in rural areas of India. The company aims to foster entrepreneurship and inclusive growth, offering financial assistance through income-generating loans for small businesses run by women. The focus is on extending financial services to underprivileged individuals in rural sectors, with an emphasis on affordability, quick processing, and a hassle-free experience. MML employs a joint liability group model, exclusively catering to women in lower-income households, under the belief that access to credit empowers them to identify opportunities and enhance their income. Leveraging the Muthoot Pappachan Group's history of working with economically disadvantaged customers, MML is dedicated to addressing the unique needs of rural households and designing lending products to elevate their standard of living. The company's brand identity reflects an unwavering commitment to supporting clients in their journey towards an improved quality of life.

 Muthoot Microfin IPO: Muthoot Group's microfinance company, Muthoot Microfin, is set to open its IPO for retail investors from today. The subscription for the IPO will remain open until December 20th. Through this issue, the company aims to raise Rs 960 crores. For this, the price band has been set at Rs 277 to Rs 291 per share.

Muthoot Microfin IPO lot size

The price band for the Muthoot Microfin IPO is set between Rs 277 and Rs 291. The lot size for this IPO is 51 shares. Based on the upper band, any retail investor wishing to bid in the IPO will need to invest a minimum of Rs 14,841.

In this IPO of Rs 960 crores, there is a fresh issue of Rs 760 crores, while Rs 200 crores is included in the OFS (Offer For Sale). The entire amount received under OFS goes to the company's investors and promoters.

Muthoot Microfin IPO Allotment

The Muthoot Microfin IPO is expected to come under T+3. Due to this, its allotment may take place on December 21st. It is anticipated to be listed on the NSE and BSE on December 26th.

Muthoot Microfin IPO: Today's Grey Market Premium

The GMP (Grey Market Premium) for the Muthoot Microfin IPO is positive. According to Mint's report, the GMP for Muthoot Microfin IPO is running at Rs 82 per share. Considering the price band of Rs 277 to Rs 291 per share, this implies a premium of around 30 percent over the issue price.

Muthoot Microfin Financial Highlights (Figures in Crores)

Year	Revenue	Expenses	PAT (Profit After Tax)
2021	696	687	7.05
2022	843	778	47.40
2023	1446	1233	163.89