Muthoot Microfin Limited
ListedMainboardIndustrial & Financial Services · NSE / BSE
Incorporated in April 1992, Muthoot Microfin Limited is a microfinance institution that provides small loans mainly to women in rural areas to support income generating activities. As of December 31, 2022, it is the fourth largest NBFC-MFI in India by gross loan portfolio, the largest in Kerala and the third largest in South India. The company also has a strong presence in Tamil Nadu with around 16% market share. As of March 31, 2023, Muthoot Microfin serves 2.77 million customers through 1,172 branches in 321 districts across 18 states and union territories, supported by a workforce of 10,227 employees.
Price Band
₹277 – ₹291
Issue Size
₹960 Cr
Lot Size
51 shares
GMP
₹27
+9.3%
Est. Listing
₹318
at current GMP
Subscribed
12.10x
overall
Open
18 Dec 2023
Close
20 Dec 2023
Allotment
21 Dec 2023
Refund
22 Dec 2023
Demat Credit
23 Dec 2023
Listing
26 Dec 2023
Last updated 12 days ago
Key Highlights
- •Leading player in the Indian market segment
- •Price band established at ₹277 - ₹291 per equity share
- •Minimum bid lot is 51 shares
- •Estimated listing target of ₹318 based on current grey market activity