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Muthoot IPO is a book built issue of Rs 901.25 crores.
Muthoot IPO bidding started from April 18, 2011 and ended on April 21, 2011. The shares got listed on BSE, NSE on May 6, 2011.
Muthoot IPO price band is set at ₹160 to ₹175 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹7,000.
Hdfc Bank Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Muthoot IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Muthoot IPO RHP for detailed information.
| IPO Date | April 18, 2011 to April 21, 2011 |
| Listing Date | May 6, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹160 to ₹175 per share |
| Lot Size | 40 Shares |
| Total Issue Size | 51,500,000 shares (aggregating up to ₹901.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 320,212,768 |
| Share holding post issue | 371,712,768 |
Muthoot IPO offers 43,775,000 shares. 18,025,000 (41.18%) to QIB, 7,725,000 (17.65%) to NII, 18,025,000 (41.18%) to RII. 450,625 RIIs will receive minimum 40 shares and (sNII) and (bNII) will receive minimum 1,160 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 18,025,000 (41.18%) | NA |
| NII (HNI) Shares Offered | 7,725,000 (17.65%) | |
| Retail Shares Offered | 18,025,000 (41.18%) | 450,625 |
| Total Shares Offered | 43,775,000 (100%) |
Investors can bid for a minimum of 40 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹7,000 |
| Retail (Max) | 28 | 1120 | ₹196,000 |
| Lot Size Calculator | |||
The following individuals are the Promoters of the Company:
1. M.G. George Muthoot;
2. George Thomas Muthoot;
3. George Jacob Muthoot; and
4. George Alexander Muthoot
| Share Holding Pre Issue | 93% |
| Share Holding Post Issue | 80.12% |
Incorporated in 1997, Muthoot Finance Ltd is the Kerala - based largest gold financing company in India in terms of loan portfolio. Muthoot Finance provides personal and business loans secured by gold jewellery, or Gold Loans. They have 1605 branches across 20 states and two union territories in India.
Customers of Muthoot Finance are typically small businessmen, vendors, traders, farmers and salaried individuals. They provide retail loan products, primarily comprising Gold Loans. They also disburse other loans, including those secured by Muthoot Gold Bonds. Their Gold Loans have a maximum 12 month term. Other then Gold Loans business, they provide money transfer services through their branches as sub-agents of various registered money transfer agencies. Company also operates three windmills in the state of Tamil Nadu.
| Particulars | For the year/period ended (in Rs. Millions) | ||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 10,893.80 | 6,204.02 | 3,686.38 | 2,339.65 | 1,480.62 |
| Profit After Tax (PAT) | 2,275.75 | 977.20 | 635.97 | 439.79 | 271.27 |
| KPI | Values |
|---|---|
| ROE | 48% |
| RoNW | 39.12% |
The Object of the issue are:
1. To augment capital base to meet future capital requirement to provide for funding of loans to customers;
2. General corporate purposes.
The Muthoot IPO is subscribed 24.55 times on April 21, 2011 7:15:00 PM. The public issue subscribed 8.50 times in the retail category, 25.01 times in the QIB category, and 60.94 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 25.01 |
| NII | 60.94 |
| Retail | 8.50 |
| Total | 24.55 |
CRISIL has assigned an IPO Grade 4 to Muthoot Finance Ltd IPO. This means as per CRISIL, company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Muthoot IPO Grading Report.
Muthoot Finance IPO, Muthoot Finance Ltd IPO, Muthoot Finance IPO Bidding, Muthoot IPO Allotment Status, Muthoot Finance IPO drhp and Muthoot Finance IPO listing.
| Equity Shares (in crore) | Promoters Holding | Book Value | |
| Pre-issue | 320.21 | 93.00% | Rs 35.00 |
| Post-issue | 371.71 | 80.12% |
| Listing Date | May 6, 2011 |
| BSE Script Code | 533398 |
| NSE Symbol | MUTHOOTFIN |
| ISIN | INE414G01012 |
| Final Issue Price | ₹175 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹175.00 |
| ₹180.00 |
| ₹161.50 |
| ₹198.00 |
| ₹176.25 |
| NSE |
|---|
| ₹175.00 |
| ₹196.60 |
| ₹161.40 |
| ₹198.90 |
| ₹175.90 |
Muthoot Finance Ltd
Muthoot Chambers,
Opposite Saritha Theatre Complex,
2nd Floor, Banerji Road, Kochi - 682 018
Phone: (91 484) 239 4712
Email: investors@muthootfinance.com
Website: http://www.muthootfinance.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mfl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Muthoot IPO is a main-board IPO of 51,500,000 equity shares of the face value of ₹10 aggregating up to ₹901.25 Crores. The issue is priced at ₹160 to ₹175 per share. The minimum order quantity is 40 Shares.
The IPO opens on April 18, 2011, and closes on April 21, 2011.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Muthoot IPO opens on April 18, 2011 and closes on April 21, 2011.
Muthoot IPO lot size is 40 Shares, and the minimum amount required is ₹7,000.
You can apply in Muthoot IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Muthoot IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Muthoot IPO allotment status.
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