Muthoot Microfin
Book Building issueMainboard₹960 Cr issue
-4.47%
Listing gain over issue price
Issue size
₹960 Cr
1 lot at cut-off
₹14,841
Lot size
51shares
Open
18 Dec 2023
Close
20 Dec 2023
Allotment
21 Dec 2023
Listing
26 Dec 2023
Listing performance
Issue price
₹291
Listed at
₹278
Listing-day close
₹266.20
Latest price
₹154.31
Close on 23 Oct 2026
Listing gain
-4.47%
Return since issue
-46.97%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 18 Dec 2023 – 20 Dec 2023
- Listing date
- 26 Dec 2023
- Face value
- ₹10 per share
- Issue price
- ₹291 per share
- Lot size
- 51 shares
- Issue type
- Book Building issue
- Total issue size
- ₹960 Cr
- Market cap at offer price
- ₹4,961 Cr
- Promoter holding
- 69.08% → 55.47% pre-issue → post-issue
- ISIN
- INE046W01019
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- ICICI Securities Ltd.
- Registered office
- 13th Floor, Parinee Crescenzo, Bandra Kurla Complex, Bandra East, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 97,93,812 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 51 shares per lot, in multiples, at ₹291
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 51 | ₹14,841 |
| Retail (max) | 13 | 663 | ₹1,92,933 |
| S-HNI (min) | 14 | 714 | ₹2,07,774 |
| S-HNI (max) | 67 | 3,417 | ₹9,94,347 |
| B-HNI (min) | 68 | 3,468 | ₹10,09,188 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
97,93,812
Anchor portion
₹285 Cr
at ₹291 per share
Valuation and performance
Valuation at offer price
₹291 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 11.98 | — |
| P/E (×) | 24.29 | — |
| Market cap | — | ₹4,961 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 10.08%
- Debt / equity
- 3.99
- NAV per share
- ₹112.63
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Muthoot Microfin
Muthoot Microfin Limited was incorporated as 'Panchratna Stock and Investment Consultancy Services Private Limited' on April 6, 1992 and converted to a public limited company in 1994. The company received NBFC-MFI status from RBI effective March 25, 2015. It is a microfinance institution providing micro-loans to women customers (primarily for income generation purposes) with a focus on rural regions of India. Loan products comprise group loans for livelihood solutions (income generating loans, Pragathi loans, individual loans), life betterment solutions (mobile phone loans), health and hygiene loans (sanitation improvement loans), and secured loans (gold loans and Muthoot Small & Group Business loans). The company operates in the microfinance industry where the gross loan portfolio increased at a compounded annual growth rate of 21% since FY2018 to reach approximately ₹3.3 trillion in Q3 FY2023.
Company Analysis
from RHPMuthoot Microfin Limited is an NBFC-Microfinance Institution providing micro-loans primarily to women customers in rural India, operating in the microfinance sector.
Muthoot Microfin Limited was incorporated as 'Panchratna Stock and Investment Consultancy Services Private Limited' on April 6, 1992 and converted to a public limited company in 1994. The company received NBFC-MFI status from RBI effective March 25, 2015. It is a microfinance institution providing micro-loans to women customers (primarily for income generation purposes) with a focus on rural regions of India. Loan products comprise group loans for livelihood solutions (income generating loans, Pragathi loans, individual loans), life betterment solutions (mobile phone loans), health and hygiene loans (sanitation improvement loans), and secured loans (gold loans and Muthoot Small & Group Business loans). The company operates in the microfinance industry where the gross loan portfolio increased at a compounded annual growth rate of 21% since FY2018 to reach approximately ₹3.3 trillion in Q3 FY2023.
microfinancenon-banking financial company (NBFC)financial services
Objects of the Issue
- Augmenting our capital base to meet future capital requirements p.26
- Augmenting the capital base of our Company to meet future capital requirements arising out of growth of our business and assets ₹7,600.00 million (Fresh Issue portion) p.64
- Augmenting the capital base of our Company to meet future capital requirements and support growth in business and assets through onward lending under our Company's lending verticals ₹7,600.00 million (Fresh Issue component) p.109
- Fresh Issue and Offer for Sale ₹9,600.00 million p.472
Issue Structure
- Total Issue
- Up to ₹9,600.00 million
- Fresh Issue
- Up to ₹7,600.00 million
- Offer for Sale
- Up to ₹2,000.00 million
- Face Value
- ₹10 each
Business Model
Muthoot Microfin provides microfinance loans, earning revenue primarily from interest income on loans (87.65% of revenues as of September 30, 2023) and relies on joint liability group lending mechanisms where customers form informal groups and provide joint and several guarantees. The company relies on non-traditional guarantee mechanisms rather than collateral.
Business Segments
Income generating loans, Pragathi loans (interim loans made to existing customers for working capital and income generating activities) and individual loans
Including mobile phones loans
Such as sanitation improvement loans
Gold loans and Muthoot Small & Growing Business loans
Provides microfinance loans to low-income rural and semi-urban customers for income-generating activities
Provides microfinance loans to individual borrowers primarily in rural areas, with 95.63% of the portfolio deployed in rural locations
Provides lending services to Micro Small and Medium Enterprises
Group loans for livelihood solutions including income generating loans, Pragathi loans (interim loans for working capital and income generating activities), individual loans, and Suvidha loans (digital loans accessible through the Mahila Mitra application)
Mobile phone loans, solar lighting product loans and household appliances product loans
Sanitation improvement loans
Gold loans and Muthoot Small & Growing Business (MSGB) loans
Principal loan product for women in rural areas to provide capital for their small businesses in sectors such as agriculture, animal husbandry, manufacturing, services and trading. Maximum loan amount of ₹85,000 with annual effective interest rate between 23.90% and 24.95%.
Interim loans to existing customers for working capital and income generating activities. Maximum loan amount of ₹30,000 with annual effective interest rate between 23.90% and 24.95%.
Loans to existing customers with at least two years association for income generating activities. Maximum loan amount of ₹300,000 with annual effective interest rate between 22.00% and 24.00%.
Digital loans accessible through Mahila Mitra application for existing customers to enable quick access to funds. Maximum loan amount of ₹85,000 with annual effective interest rate of 23%.
Loans to customers for education needs. Maximum loan amount of ₹30,000 with annual effective interest rate between 21.60% and 22.00%.
Financing for water purifiers, pressure cookers, induction stoves, mixers and grinders purchased by customers. Loan amount between ₹1,500 to ₹15,000 with annual effective interest rate of 25.00%. Company receives referral fee on amount financed.
Financing for solar lights, solar torches and solar fans. Loan amount between ₹2,325 and ₹4,645 with annual effective interest rate of 25.00%. Company receives referral fee on amount financed.
Financing of mobile phones through agreements with retailers and distributors. Loan amount between ₹11,971 to ₹14,551 with annual effective interest rate of 25.00%. Company receives referral fee from retailers and distributors.
Loans to existing customers to improve health through water and sanitation facilities. Loan amount between ₹15,000 to ₹60,000 with annual effective interest rate of 25%. Company partnered with Water.org to provide technical assistance and subsidy.
Loans to existing customers to grow their business, secured partially by assets and partially by gold. Loan amount between ₹30,000 to ₹150,000 with annual effective interest rate of 24.00%.
Gold loan facilities offered in collaboration with MFL. Effective annual interest rate ranges from 15.00% to 23.00% with loan-to-value ratio of 70% to 75%. Company pays fee to MFL for expertise and services.
Loans under Prayaas loan scheme for direct credit to micro enterprises. Loan term of 24 or 36 months with annual effective interest rate of approximately 17.00%. Company earns commission for managing the product and provides 6% credit guarantee.
The company provides individual, group and joint liability group loans primarily to women in rural and semi-urban areas for income-generating activities and consumption purposes.
Loans provided to customers engaged in agricultural activities
Loans provided to customers engaged in animal husbandry activities
Loans provided to customers engaged in service sector activities
Loans provided to customers engaged in trading activities
Provision of micro loans to women engaged in small income generating activities through Joint Liability Group Loans, Individual Loans, and Corporate Loans
The company is primarily engaged in business of micro finance and the business activity falls within one operating segment, as this is how the chief operating decision maker of the Company looks at the operations. All activities of the Company revolve around the main business.
Provides loans to customers primarily for purchase of products like solar lamps and pressure cookers; offers direct credit to micro enterprises
Commission income from acting as a partner institution for the Prayaas loan scheme for direct credit to micro enterprises
Facilitation fees earned from manufacturers and distributors that sell their products to company customers at branch locations
Transfer of loan assets and related rights and obligations to banks; income from present value of excess interest spread
Microfinance lending operations across multiple states and union territories in India
SWOT Analysis
Strengths
- • Pan-India presence with extensive branch network(p.114)
- • Strong rural focus and commitment to customer welfare(p.114)
- • Brand synergies with Muthoot Pappachan Group(p.114)
- • Robust risk management and healthy portfolio quality(p.114)
- • Technology-enabled operations(p.114)
- • Diversified funding sources and efficient capital management(p.114)
- • Experienced management with strong governance(p.114)
- • Strong asset growth trajectory(p.110)
- • Market leadership with pan-India presence and 5th largest NBFC-MFI position(p.186)
- • Diversified funding sources reducing capital cost and improving financial resilience(p.194)
- • Strong credit rating and financial strength with CRISIL A+ and high capital adequacy(p.194)
- • Robust risk management with healthy portfolio quality and low NPAs(p.193)
- • Technology-enabled operations with proprietary credit scoring and digital platforms(p.192)
- • Strong promoter backing with Muthoot Pappachan Group synergies and brand recall(p.191)
- • Extensive rural focus with 96.58% rural customers and deep market penetration(p.191)
- • Promoter continuity and ownership in NBFC-MFI sector(p.196)
- • Strong marquee investor backing(p.196)
- • Fifth largest NBFC-MFI by gross loan portfolio(p.198)
- • Dominant market position in South India(p.198)
- • Advanced credit assessment technology(p.205)
- • High employee qualification level(p.196)
- • Strong credit ratings(p.210)
- • Experienced promoters with deep financial services expertise(p.237)
- • Strong board governance with independent directors from premier institutions(p.238)
- • Significant growth in gross loan portfolio(p.260)
- • Strong profitability improvement(p.262)
- • Healthy capital adequacy ratio(p.266)
- • Grameen model focus on women entrepreneurs and inclusive growth(p.294)
- • NBFC-MFI registration with RBI providing regulatory framework(p.294)
- • Diversified borrowing sources including banks, financial institutions, and securitisation(p.317)
- • Debentures listed on BSE providing market access(p.294)
- • Large established presence and scale in microfinance with 3.19 million active customers as of September 30, 2023(p.393)
- • Fifth largest NBFC-MFI in India with strong regional dominance in South India(p.393)
- • Significant technological infrastructure with proprietary platforms and digital capabilities(p.394)
- • Strong backing from Muthoot Pappachan Group with over 50 years in financial services(p.393)
- • Diversified revenue streams including insurance premium collection(p.395)
- • Strong gross loan portfolio growth rate of 45.88% for six months ended September 30, 2023(p.395)
- • Diversified funding sources including banks, securitization, ECBs, and debt securities(p.427)
- • Strong capital adequacy maintained above regulatory minimum(p.419)
- • Rapid business expansion with significant revenue growth(p.408)
- • Strong collection efficiency improvement(p.409)
- • Increased profitability and return generation(p.410)
Weaknesses
- • Promoter personal guarantees on substantial third-party loans create financial obligation risk(p.46)
- • History of RBI inspection findings and required corrective measures(p.46)
- • Geographic concentration risk in South India(p.49)
- • Substantial cash embezzlements and fraud losses(p.57)
- • High proportion of cash collections exposing to embezzlement and operational risk(p.57)
- • High employee attrition rates impacting operational stability(p.60)
- • Pending regulatory approvals and missing branch licenses(p.59)
- • High leverage relative to equity capital(p.117)
- • Concentration of shareholding among promoter group(p.88)
- • Historical record gaps and secretarial maintenance issues(p.89)
- • High dependence on rural customer base concentrated in specific high-performing states(p.190)
- • Elevated debt-to-equity ratio increasing financial leverage(p.189)
- • Relatively high cost of borrowings exceeding policy rates movement(p.189)
- • Dependence on cash collections despite digitalization efforts(p.192)
- • Concentration in mature markets of South India(p.196)
- • Significant geographic revenue concentration in South India(p.208)
- • Dependence on Muthoot trademark(p.212)
- • Portfolio concentration in income-generating loans(p.200)
- • Reliance on leased premises for all branches(p.212)
- • High dependence on few states for revenue concentration(p.270)
- • Significant reliance on borrowed funds(p.262)
- • Managing director receives no remuneration(p.233)
- • Significant loan portfolio concentration with Stage 3 (impaired) loans requiring management overlay(p.308)
- • High dependence on few major shareholders - Muthoot Fincorp holds 72.36% and major promoters hold 85.35%(p.329)
- • Significant lease liabilities and rental commitments creating fixed obligations(p.313)
- • Asset-liability maturity mismatch with significant short-term funding needs(p.337)
- • High dependence on cost-effective funding from multiple sources with variable interest rates(p.397)
- • Significant portion of revenue dependent on interest income from a customer base with limited financial resilience(p.398)
- • High employee benefit expenses representing significant portion of operating expenses(p.398)
- • Debt to equity ratio of 4.21 times as of September 30, 2023 indicating high leverage(p.395)
- • Material historical impairment on financial instruments affecting profitability(p.398)
- • High reliance on employee resources for growth requiring significant investment(p.409)
- • Significant litigation and contingent liabilities burden on promoters and company(p.440)
- • High dependence on external funding with significant debt burden(p.422)
- • Tax demands and penalties outstanding across multiple assessment years(p.435)
Opportunities
- • Significant branch expansion strategy across India(p.49)
- • Growth in active customer base and loan portfolio(p.49)
- • Expansion into newer geographies beyond South India(p.50)
- • Capital adequacy expansion to support business growth(p.110)
- • Leveraging strong credit rating improvement from capital infusion(p.110)
- • Expansion in lending verticals through fresh capital(p.110)
- • India's strong macroeconomic growth trajectory(p.139)
- • Rising per capita income enabling domestic consumption(p.139)
- • Massive under-penetration of banking and credit in rural areas with 9% credit share vs 45% GDP contribution(p.141)
- • National banking sector significantly under-penetrated at 51.40% credit-to-GDP vs peers at 80-185%(p.141)
- • MFI industry GLP projected to grow 18-22% CAGR through FY25 reaching ₹4.9 trillion(p.150)
- • NBFC-MFI segment expected to grow faster at 25-30% CAGR with market share increasing to 41% by FY25(p.150)
- • Expansion potential in low-penetration states like UP, Bihar, Rajasthan and Gujarat(p.144)
- • High growth momentum in rural microfinance segment with rural NPA better than urban areas(p.154)
- • Removal of interest rate caps and harmonization of NBFC-MFI regulations leveling competitive landscape(p.156)
- • Government emphasis on financial inclusion and digital banking infrastructure expansion(p.142)
- • Geographic expansion in underpenetrated Northern and Western regions(p.196)
- • Expansion in key underpenetrated states(p.196)
- • Leverage existing branch network to increase portfolio per branch(p.197)
- • Expanded addressable market from RBI household income limit increase(p.197)
- • Risk-based pricing opportunity from RBI interest rate cap removal(p.197)
- • Fee-based income from cross-selling insurance and gold coins(p.197)
- • Co-lending partnership for wider customer reach(p.197)
- • Diversified funding sources to optimize cost of funds(p.198)
- • Geographic expansion across India(p.269)
- • Digital adoption and technology-enabled services(p.277)
- • Expansion into newer states and regions(p.280)
- • Growing customer base with high repeat rate(p.276)
- • Diversified loan portfolio by economic activity(p.275)
- • Expansion of microfinance through securitisation arrangements(p.317)
- • Growth in loan portfolio through new customer acquisitions(p.307)
- • International funding access through External Commercial Borrowing(p.317)
- • Expansion of fee-based income streams beyond interest income(p.333)
- • Strong projected growth in microfinance industry with 21% CAGR from FY2018 to Q3 FY2023(p.396)
- • Government focus on strengthening rural financial ecosystem and financial inclusion(p.396)
- • Expansion of digital payment infrastructure with growing customer adoption of Mahila Mitra(p.394)
- • Development of Super App to integrate group products and maximize cross-selling opportunities(p.394)
- • Expansion of e-clinics and healthcare services to customer base showing strong enrollment growth(p.394)
- • Interest rate cap removal by RBI allowing higher interest rates(p.410)
- • Geographic expansion into new states and territories(p.408)
- • Digital collections penetration growth(p.409)
- • Growth in assignment transactions generating additional revenue(p.409)
Threats
- • RBI regulatory restrictions on NBFC-MFI operations and compliance requirements(p.46)
- • Natural calamities impacting South Indian operations(p.50)
- • Rising cost of borrowing and funding pressure(p.50)
- • Competitive pressure from banks and other MFIs(p.53)
- • Risk from state-level regulatory actions and loan waiver schemes(p.61)
- • Priority sector lending regulation changes impacting funding(p.51)
- • Seasonal business fluctuations affecting cash flows(p.60)
- • Global economic slowdown impacting exports and demand(p.139)
- • High commodity prices and currency depreciation risks(p.139)
- • Regulatory capital adequacy requirements and RBI norms(p.110)
- • Asset quality deterioration and credit losses(p.117)
- • Climate-induced natural calamities affecting rural customer repayment capacity(p.191)
- • Vulnerability of rural household incomes to local economic developments and agriculture dependence(p.155)
- • Slowing global growth expected to weaken India's exports and domestic demand in FY24(p.140)
- • Industry exposed to regulatory changes affecting loan pricing and qualifying criteria(p.156)
- • Monetary policy tightening by RBI reducing growth and moderating inflation impacting customers(p.161)
- • Asset quality risks from socio-political issues and farm loan waivers affecting repayments(p.147)
- • Competition from other MFIs, banks, and informal sources(p.211)
- • Cyber security threats and system failures(p.206)
- • Climate change affecting portfolio quality and operations(p.208)
- • Regulatory changes and compliance requirements(p.208)
- • Dependence on field staff and high employee attrition risk(p.212)
- • Credit rating downgrade risk affecting capital access(p.211)
- • Elevated non-performing asset ratios in prior periods(p.262)
- • Regulatory restrictions on dividend payments(p.259)
- • Restrictive covenants limiting dividend capability(p.259)
- • Restructured portfolio exposure from COVID-19(p.260)
- • Customer acquisition costs and collection risks in expansion markets(p.280)
- • Regulatory risk from RBI impairment classification and asset quality norms (IRACP)(p.298)
- • Credit risk and default concentration in unsecured microfinance portfolio(p.305)
- • Interest rate risk from variable rate borrowings and MCLR/EBR-linked funding(p.319)
- • Liquidity and market access risk dependent on continued capital market funding(p.317)
- • Economic downturn and borrower income volatility affecting repayment capacity(p.298)
- • Fluctuations in interest rates and external factors affecting cost of funding(p.397)
- • Exposure to natural calamities affecting customer repayment capacity and asset damage(p.394)
- • Dependence on unsecured lending model with higher risk of credit default(p.398)
- • Highly regulated microfinance industry subject to RBI restrictions and regulatory changes(p.398)
- • Economic cycles and declining economic conditions affecting customer household incomes(p.398)
- • Floating rate borrowings exposed to RBI repo rate increases(p.411)
- • Business seasonality contributing to revenue fluctuations(p.421)
- • Regulatory actions by Directorate of Enforcement(p.432)
- • Minimum wage regulation compliance challenges(p.432)
- • Negative impact from inflation on operating costs(p.421)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Thomas John Muthoot | Promoter/Promoter Selling Shareholder | 2.46% | — |
| Thomas Muthoot | Promoter/Promoter Selling Shareholder | 2.46% | — |
| Thomas George Muthoot | Promoter/Promoter Selling Shareholder | 2.45% | — |
| Preethi John Muthoot | Promoter/Promoter Selling Shareholder | 0.81% | — |
| Remmy Thomas | Promoter/Promoter Selling Shareholder | 0.80% | — |
| Nina George | Promoter/Promoter Selling Shareholder | 0.81% | — |
| Muthoot Fincorp Limited | Promoter | 59.29% | — |
| Thomas Muthoot | Promoter Selling Shareholder | — | — |
| Thomas John Muthoot | Promoter Selling Shareholder | — | — |
| Thomas George Muthoot | Promoter Selling Shareholder | — | — |
| Preethi John Muthoot | Promoter Selling Shareholder | — | — |
| Remmy Thomas | Promoter Selling Shareholder | — | — |
| Nina George | Promoter Selling Shareholder | — | — |
| Greater Pacific Capital WIV Ltd | Investor Selling Shareholder | — | — |
| Muthoot Fincorp Limited | Corporate Promoter | 59.29% | — |
| Thomas John Muthoot | Individual Promoter | 2.46% | — |
| Thomas Muthoot | Individual Promoter | 2.46% | — |
| Thomas George Muthoot | Individual Promoter | 2.45% | — |
| Preethi John Muthoot | Individual Promoter | 0.81% | — |
| Remmy Thomas | Individual Promoter | 0.80% | — |
| Nina George | Individual Promoter | 0.81% | — |
| Muthoot Fincorp Limited | Promoter Group | 54.46% | — |
| Individual Promoters | Promoter Group | 20.33% | — |
| Creation Investments India LLC | Shareholder/Investor | 14.04% | — |
| Greater Pacific Capital WIV Ltd | Shareholder/Investor | 14.03% | — |
| Thomas Muthoot | Promoter | 69.08% (on a fully diluted basis) | [●]% |
| Creation Investments India LLC | Investor (marquee) | 28.07% (collectively with Greater Pacific Capital WIV Ltd, on a fully diluted basis) | — |
| Greater Pacific Capital WIV Ltd | Investor (marquee) | 28.07% (collectively with Creation Investments India LLC, on a fully diluted basis) | — |
| Thomas John Muthoot | Promoter | — | — |
| Thomas Muthoot | Promoter | — | — |
| Thomas George Muthoot | Promoter | — | — |
| Preethi John Muthoot | Promoter | — | — |
| Remmy Thomas | Promoter | — | — |
| Nina George | Promoter | — | — |
| Muthoot Fincorp Limited | Corporate Promoter | — | — |
| Muthoot Fincorp Limited | Promoter/Holding Company | 72.36% | — |
| Thomas Muthoot | Promoter | 3.04% | — |
| Thomas George Muthoot | Promoter | 3.03% | — |
| Thomas John Muthoot | Promoter | 3.03% | — |
| Muthoot Fincorp Limited | Promoter/Holding Company | 59.29% | — |
| Muthoot Financial Services Limited (MFL) | Corporate Promoter | — | — |
| Thomas Muthoot | Individual Promoter | — | — |
| Thomas John Muthoot | Individual Promoter | — | — |
| Thomas George Muthoot | Individual Promoter | — | — |
| Thomas John Muthoot | Promoter | — | — |
| Thomas Muthoot | Promoter | — | — |
| Thomas George Muthoot | Promoter | — | — |
| Preethi John Muthoot | Promoter/Selling Shareholder | — | — |
| Remmy Thomas | Promoter/Selling Shareholder | — | — |
| Nina George | Promoter/Selling Shareholder | — | — |
| Muthoot Fincorp Limited (MFL) | Corporate Promoter | — | — |
| Thomas John Muthoot | Promoter Selling Shareholder | — | — |
| Thomas Muthoot | Promoter Selling Shareholder | — | — |
| Thomas George Muthoot | Promoter Selling Shareholder | — | — |
| Preethi John Muthoot | Promoter Selling Shareholder | — | — |
| Remmy Thomas | Promoter Selling Shareholder | — | — |
| Nina George | Promoter Selling Shareholder | — | — |
| Greater Pacific Capital WIV Ltd | Investor Selling Shareholder | — | — |
Leadership
Thomas Muthoot · Managing Director
Sadaf Sayeed · Chief Executive Officer
Praveen T. · Chief Financial Officer
Neethu Ajay · Company Secretary and Chief Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Muthoot Microfin IPO FAQs
What is the lot size of Muthoot Microfin IPO?
The minimum lot size of Muthoot Microfin IPO is 51 shares. One lot costs ₹14,841 at the cut-off price.
When does Muthoot Microfin IPO open and close?
Muthoot Microfin IPO opened for subscription on 18 Dec 2023 and closed on 20 Dec 2023.
What is the listing date of Muthoot Microfin IPO?
Muthoot Microfin IPO listed on 26 Dec 2023.