Muthoot Microfin Limited IPO Company Details:

A microfinance company called Muthoot Microfin Limited focuses on rural areas of India and offers microloans to women clients. As of December 31, 2022, it was the third-biggest NBFC-MFI in South India and the fourth-largest NBFC overall in terms of gross loan portfolio, the largest in Kerala in terms of MFI market share, and a significant participant in Tamil Nadu with an over 16% market share. This business model helps in driving financial inclusion, as it serves customers who belong to low-income groups. The company has built its branch network with an emphasis on under-served rural markets with growth potential, in order to ensure ease of access to customers. The company’s branches are connected to its IT networks and are primarily located in commercial spaces which are easily accessible by the customers.

Muthoot Microfin Limited IPO Business Offerings:

Muthoot Microfin Limited’s loan products comprise:

  • Group loans for livelihood solutions such as income generating loans, Pragathi loans (which are interim loans made to existing customers for working capital and income generating activities) and individual loans.

  • Life betterment solutions including mobile phones loans, solar lighting product loans and household appliances product loans.

  • Health and hygiene loans such as sanitation improvement loans.

  • Secured loans in the form of gold loans and its Muthoot Small & Growing Business (“MSGB”) loans.

  • The company also offers ‘e-clinic’ services by collaborating with M-Swasth Solutions Private Limited, a technology driven digital healthcare service provider. It provides its customers and up to five of their family members with video consultation with doctors at a nominal enrolment cost.

Muthoot Microfin Limited is a subsidiary of the Muthoot Pappachan Group, a business conglomerate with operations in the automotive, hospitality, real estate, information technology infrastructure, precious metals, and alternative energy sectors and has been in the financial services industry for more than 50 years. For the Financial Year 2023, it is the second-largest entity within the Muthoot Pappachan Group in terms of AUM.

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    Muthoot Microfin Limited IPO Details:

    IPO Open Date Not Available
    IPO Close Date Not Available
    Listing Date Not Available
    Face Value ₹10 per share
    Price Not Available
    Lot Size Not Available
    Issue Size [●]shares

    (aggregating up to ₹1350 Cr)

    Offer For Sale [●]shares

    (aggregating up to ₹400 Cr)

    Fresh Issue [●]shares

    (aggregating up to ₹950 Cr)

    Issue Type Book Built Issue IPO
    Listing At BSE, NSE
    QIB Shares Offered Not more than 50% of the Offer
    NII (HNI) Shares Offered Not less than 15% of the Offer
    Retail Shares Offered Not less than 35% of the Offer
    Promoters Thomas John Muthoot, Thomas Muthoot, Thomas George Muthoot, Preethi John Muthoot, Remmy Thomas, Nina George And Muthoot Fincorp Limited

    Muthoot Microfin Limited IPO

    Wants To Apply Online

    Muthoot Microfin Limited IPO Financial Analysis:

    Particulars FY-23(in cr.) FY-22(in cr.) FY-21(in cr.) CAGR
    Revenue from Operations 1428.76 832.51 684.17 44.5%
    Other Income 17.58 10.43 12.11
    Fees and commission expenses 27.54 17.85 9.74 68.2%
    Impairment on financial instruments 223.32 111.15 132.22 30.0%
    Employee Cost 322.56 237.08 187.09 31.3%
    Other expenses 84.44 51.20 40.02  
    EBITDA 788.49 425.66 327.22 55.2%
    EBITDA margin% 55.19% 51.13% 47.83%  
    Depreciation 26.61 20.78 18.83
    Interest 549.01 340.16 299.33
    Profit / (loss) before tax 212.87 64.72 9.06 384.9%
    Total tax 48.98 17.32 2.00
    Profit / (loss) After tax 163.89 47.40 7.05 382.0%
    Profit / (loss) After tax margin% 11.47% 5.69% 1.03%  

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    Check  Muthoot Microfin Limited IPO Allotment Status

    Muthoot Microfin Limited IPOallotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

    One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

    1. To Muthoot Microfin Limited IPO Allotment Status
    2. Go to Application Status
    3. Select Valiant Laboratories IPO
    4. Enter your PAN Number or Application Id or DP Client Id.


    Muthoot Microfin Limited IPO

    Application Form

    Muthoot Microfin Limited IPO Revenue from Operations:

    Segment FY-23(in cr.) % FY-22(in cr.) % FY-21(in cr.) % CAGR
    Interest income 1290.64 90.33% 728.62 87.52% 622.78 91.03% 44.0%
    Fees and commission income 17.32 1.21% 6.15 0.74% 3.21 0.47% 132.3%
    Net gain on fair value changes 111.53 7.81% 91.03 10.93% 40.92 5.98% 65.1%
    Income on investments 8.33 0.58% 5.82 0.70% 16.99 2.48% -30.0%
    Sale of services 0.92 0.06% 0.86 0.10% 0.25 0.04% 91.6%
    Total 1428.76 100.00% 832.51 100.00% 684.17 100.00% 44.5%

    Muthoot Microfin Limited IPO Major Shareholders:

    S.NO. Name of the Shareholder No. of Shares % of pre-Offer shareholding
    1. Thomas John Muthoot 51,456,049 26.56
    2. Thomas George Muthoot 51,456,021 26.56
    3. Thomas Muthoot 51,456,053 26.56
    4. Preethi John Muthoot 12,913,704 6.67
    5. Nina George 12,913,704 6.67
    6. Remmy Thomas 12,913,704 6.67
    7. Muthoot Kuries (India) Private Limited 119,050 0.06
    8. Muthoot Exim Private Ltimited 476,200 0.25
    Total 193,705,560 100

    Muthoot Microfin Limited IPO Offer for Sale Details:

    S. No. Name of the Selling Shareholder Aggregate amount of Offer

    for Sale (₹ crore)


    Promoter Selling Shareholders
    1. Thomas John Muthoot Up to 700.00
    2. Thomas Muthoot Up to 700.00
    3. Thomas George Muthoot Up to 700.00
    4. Preethi John Muthoot Up to 300.00
    5. Remmy Thomas Up to 300.00
    6. Nina George Up to 300.00
    Investor Selling Shareholder
    1. GPC Up to 1000.00

    Muthoot Microfin Limited IPO Strengths:

    • Muthoot Microfin Limited serves rural markets with high growth potential in the microfinance segment, and have maintained a track record of financial performance and operational efficiency through consistently high rates of customer acquisition and retention and expansion into underpenetrated areas.

    • Muthoot Microfin Limited’s relationship with the Muthoot Pappachan Group provides it with brand recall and significant marketing and operational benefits.

    • Muthoot Microfin Limited has implemented well-defined key risk management policies which primarily focus on addressing credit risk, operational risk and financial risk. Its robust risk management framework, customer selection methodologies and regular end use and payment monitoring have resulted in healthy portfolio quality indicators such as high collection efficiency, stable PAR and low rates of gross NPAs and net NPAs.

    • Muthoot Microfin Limited has a streamlined operating model with effective use of technology which includes increasing digital penetration, reducing risks associated with cash transactions, improving risk management and underwriting processes, increasing operational efficiency, improving customer analytics and simplifying sourcing.

    • Muthoot Microfin Limited has a well-diversified funding profile that underpins its liquiditymanagement system, credit rating and brand equity. The company received an upgraded credit rating of A+/Stable by CRISIL on October 19, 2022, which was reaffirmed on January 19, 2023. The company has historically secured, and seek to continue to secure, cost effective funding through a variety of sources, including public sector banks, private sector banks, foreign banks, other non-banking financial institutions, developmental financial institutions, public investors etc

    Muthoot Microfin Limited IPO Risk Factors:

    • Muthoot Microfin Limited’s customers generally have limited sources of income, savings and credit histories. As a result, the company may experience increased levels of non-performing assets and related provisions and write-offs that may adversely affect its business.

    • Muthoot Microfin Limited depends on the recognition of the “Muthoot” brand, and failure to use, maintain and enhance awareness of the brand would adversely affect its ability to retain and expand its base of customers.

    • There are several outstanding legal proceedings against Muthoot Microfin Limited, its directors, Promoters and Group Companies. An adverse outcome in any of these proceedings may adversely affect its reputation, business, financial condition, results of operations and cash flows.
    • Muthoot Microfin Limited faces the threat of cyber-fraud and cyber-attacks, such as hacking, phishing and theft of sensitive internal data or customer information and also faces the threat of a system breakdown, network outage and system failure. These may damage its reputation and adversely affect its business.

    Muthoot Microfin Limited IPO Prospectus:

    Muthoot Microfin Limited IPO Registrar to the offer:

    KFin Technologies Limited

    Tel: +91 40 6716 2222



    Investor Grievance ID:

    Contact Person: M.Murali Krishna

    SEBI Registration Number: INR000000221