1. Muthoot Microfin IPO Subscription status

Muthoot Microfin IPO: IPO got subscribed by 11.52 times. IPO got subscription for 28.10 crore shares against issue of 2.44 crore shares which is 11.52 times of the shares offered.

Muthoot Microfin IPO Subscription Status

Muthoot Microfin ipo subscription status is as follows:

Investor TypeShares offeredShares SubscribedShares Subscribed(x)
Qualified Institutional Buyers68,59,20511,98,12,92317.47
Non- Institutional Buyers51,44,4046,79,16,19013.20

2. Muthoot Microfin IPO Schedule

IPO open for subscriptionDecember 18, 2023
IPO close for subscriptionDecember 20, 2023
Allotment of sharesDecember 21, 2023
Listing DateDecember 26, 2023

3. About Muthoot Microfin Limited

Muthoot Microfin Limited was incorporated as ‘Panchratna Stock and Investment Consultancy Services Private Limited’ on April 6, 1992 at Mumbai, Maharashtra. Later in 2015, our name changed to Muthoot Microfin Limited.

Muthoot Microfin Limited is a microfinance institution providing micro-loans to women customers (primarily for income generation purposes) with a focus on rural regions of India. They are the fifth largest NBFC-MFI in India in terms of gross loan portfolio as of March 31, 2023 (Source: CRISIL Report). They are also the third largest amongst NBFC-MFIs in South India in terms of gross loan portfolio. As of September 30, 2023, gross loan portfolio amounted to ₹108,670.66 million. Company believe that their business model helps in driving financial inclusion, as it serve customers who belong to low-income groups. As of September 30, 2023, they have 3.19 million active customers, who are serviced by 12,297 employees across 1,340 branches in 339 districts in 18 states and union territories in India.

 Name of our Promoters

Thomas John Muthoot, Thomas Muthoot, Thomas George Muthoot, Preethi John Muthoot, Remmy Thomas, Nina George and Muthoot Fincorp Limited are the Promoters of the Company.

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