Muthoot Microfin Limited
Basic information about the company:
Muthoot Microfin Limited, a subsidiary of the Muthoot Pappachan Group, was founded in April 1992. The company specializes in providing micro-loans, particularly to female customers in rural areas of India. With a diverse portfolio of financial solutions, Muthoot Microfin aims to empower individuals for livelihood enhancement and overall well-being. Company Snapshot as of March 31, 2023
Active Customers: 2.5 million
Branches: 1,100+
Presence: 18 states and union territories
Workforce: 10,000+
Innovative Offerings and Technological Advancements
In 2021, Muthoot Microfin introduced the "Mahila Mitra" mobile application, revolutionizing digital payment methods for its customers. This includes QR codes, websites, SMS-based links, and voice-based transactions. Promoter Holding and Objectives of the IPO
The promoters, including key individuals and Muthoot Fincorp Limited, currently hold 69.08% of the shares, which will decrease to 55.47% post-issue. The primary objectives of the IPO are to augment the capital base for future requirements and leverage the benefits of listing equity shares on stock exchanges, thereby enhancing brand image and creating a public market for shares in India. Muthoot Microfin IPO
IPO Dates: 18 to 20 December 2023
Price Band: ₹277 to ₹291 per share
Lot Size: 51 Shares
Total Issue Size: 960 Crs
Retail Quota: 35%
Gmp: +10% (Only for information) 📌Link for checking Allotment status: https://kosmic.kfintech.com/ipostatus/ Join our WhatsApp Group for Trading/Investment ideas & Market Updates👇
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader taking decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer and also the author does not recommend investing in any offer published on this website.