Muthoot Microfin IPO: Muthoot Microfin company IPO entered the Indian Stock Market on December 18. In the post, Muthoot Microfin IPO price, date, lot size, and more details. Muthoot Microfin company background and financial condition.
Muthoot Microfin Ltd. is a non-banking financial company (NBFC) in India that primarily focuses on providing microfinance services.
Muthoot Microfin IPO Details Table
| IPO Date | December 18 to December 20, 2023 |
| Listing Date | Not Announed |
| Face Value | ₹10 per share |
| Price | ₹277 to ₹291 per share |
| Lot Size | 51 Shares |
| Total Issue Size | ₹960 Cr |
| Offer for Sale | 6,872,852 shares of ₹10 |
| Listing At | BSE, NSE |
The Muthoot Microfin IPO is a book-built issue for Rs. 960 crore. It comprises a fresh issue of 2.61 crore shares, valued at Rs. 760 crore, and an offer for sale of 0.69 crore shares, valued at Rs. 200 crore.
The Muthoot Microfin IPO will be available for subscription from December 18, 2023 to December 20, 2023. The allotment for this IPO is expected to be finalized on December 21, 2023, which is a Thursday. The tentative listing date for the Muthoot Microfin IPO on BSE and NSE is December 26, 2023, which is a Tuesday.
Also Read: Inox India IPO Date, Price, Details
From the table below, you can find the minimum and maximum amount a retail investor can invest.
| Application | Lot | Shares | Total Payment |
| Retail Investor Min | 1 | 51 | ₹14,841 |
| Retail Max | 13 | 663 | ₹192,933 |
Calculate Muthoot Microfin Limited Investment
About Muthoot Microfin
- Microfinance Services: Muthoot Microfin engages in providing microfinance services, which typically involve extending small loans to individuals, especially in rural and semi-urban areas. These loans are often aimed at supporting micro-entrepreneurs and small businesses.
- Muthoot Group: Muthoot Microfin is part of the larger Muthoot Group, a financial conglomerate in India known for its presence in various financial services, including gold loans, housing finance, and foreign exchange services.
- Geographical Presence: The company likely operates in specific regions of India, focusing on areas with a significant population that may benefit from microfinance services.
- Regulation: As an NBFC, Muthoot Microfin is subject to regulations and guidelines set forth by the Reserve Bank of India (RBI), which oversees and regulates the financial sector in the country.
(Disclaimer: Tradingminds does not provide advice or specific recommendations on investment decisions. Before investing in the stock market, do your research or seek advice from a financial advisor.)
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