Muthoot Microfin IPO was a ₹960.00 crore book-built issue. The offering consisted of a fresh issue of 2.61 crore shares worth ₹760.00 crores and an offer for sale of 0.69 crore shares worth ₹200.00 crores.
Muthoot Microfin’s initial public offering (IPO) began on December 18, 2023, and concluded on December 20, 2023. The Muthoot Microfin IPO allotment was expected to be completed on Thursday, December 21, 2023. Muthoot Microfin IPO was listed on the BSE and NSE, with a tentative listing date of Tuesday, December 26, 2023.
The price range for Muthoot Microfin’s first public offering was ₹277 to ₹291 per share. An application required a minimum lot size of 51 Shares.
The book-running lead managers of the Muthoot Microfin IPO were ICICI Securities Limited, Axis Capital Limited, Jm Financial Limited, and SBI Capital Markets Limited. At the same time, the registrar was Kfin Technologies Limited.
Here’s how you can check the allotment status of Muthoot Microfin IPO:
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
You can also follow a similar procedure to check the allotment status on the Registrar’s website:
Step 1: Go to the Link Intime website.
Step 2: Select the IPO name which you want to check the status for.
Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.
If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on December 22, 2023.
Muthoot Microfin Limited stands as a prominent subsidiary within the esteemed Muthoot Pappachan Group, having commenced its operations in April 1992 with a profound objective: extending micro-loans specifically tailored for female consumers residing in rural India. Since its inception, the company has steadfastly pursued its mission of financial inclusion and empowerment.
At its core, Muthoot Microfin Limited specialises in a spectrum of financial offerings meticulously designed to uplift and support individuals in underserved communities. Among its diverse portfolio, the company provides income-generating loans – Pragathi loans, aimed at furnishing existing customers with working capital for income-generating endeavours, and secured loans in the form of gold loans.
The company’s multifaceted approach not only addresses the immediate financial requirements but also underscores its commitment to nurturing sustainable progress and holistic development within the communities it serves. Through these varied offerings, Muthoot Microfin Limited remains steadfast in its dedication to fostering financial independence and uplifting the lives of individuals across rural India