Muthoot Microfin IPO -Bidding start from 18Dec, GMP and overview

Muthoot Microfin IPO - Overview

Que 1: When are the bidding dates for Muthoot Microfin IPO and what is the price range?

Ans: The bidding dates for Muthoot Microfin IPO are from 18th December '23 to 20th December '23, with a price range of ₹277 to ₹291 per share.

Que 2: What is the issue size of the Muthoot Microfin IPO?

Ans: The IPO's issue size is ₹960 crores.

Que 3: What are the minimum investment and lot size for this IPO?

Ans: The minimum investment required is ₹14,127, and the lot size is 51 shares.

Que 4: Who can apply for the IPO and what are the respective limits for different types of investors?

Ans: Eligible investors can apply as Regular, Employee, or High Networth Individual (HNI). Regular applicants can apply up to ₹2,00,000, employees up to ₹5,00,000, and HNIs between ₹2,00,000 and ₹5,00,000.

Que 5: What does Muthoot Microfin primarily do and where does it operate?

Ans: Muthoot Microfin, established in 1992, primarily extends small loans to women customers in rural areas of India for income generation. It operates notably in South India, with the largest MFI market share in Kerala.

Que 6: Could you shed some light on the company's profile and its services?

Ans: As part of the Muthoot Pappachan Group, Muthoot Microfin is the second-largest company under the conglomerate. It provides various loans such as income-generating loans, Pragathi loans, individual loans, loans for cell phones, solar lights, health, and secured loans in the form of gold loans.

Que 7: What are the company's recent profit details?

Ans: In the financial year 2023, the company reported a profit of ₹1428.80 crores, showing substantial growth from ₹832.50 crores in FY 2022.

Que 8: What is the current Grey Market Premium (GMP) of Muthoot Microfin?

Ans: Market analysts suggest that the current GMP of Muthoot Microfin stands at Rs 88 in the unlisted market.