Muthoot Microfin IPO is a Rs 960.00 crore book-built offering. The offering consists of a new issuance of 2.61 crore shares worth Rs 760.00 crores and an offer for sale of 0.69 crore shares worth Rs 200.00 crores.
Muthoot Microfin’s initial public offering (IPO) begins on December 18, 2023 and concludes on December 20, 2023. The Muthoot Microfin IPO allocation is anticipated to be completed on Thursday, December 21, 2023. Muthoot Microfin IPO will be listed on the BSE and NSE, with a tentative listing date of Tuesday, December 26, 2023.
The pricing range for Muthoot Microfin’s first public offering is $277 to $291 per share. An application requires a minimum lot size of 51 Shares. Retail investors must make a minimum investment of $14,841. The minimum lot size investment for sNII is 14 lots (714 shares), totaling to 207,774, while the minimum lot size investment for bNII is 68 lots (3,468 shares), amounting to 1,009,188.
Muthoot Microfin IPO Details
| IPO Date | December 18, 2023 to December 20, 2023 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price Band | Rs 277 to Rs 291 per share |
| Lot Size | 51 Shares |
| Total Issue Size | 32,989,690 shares (aggregating up to Rs 960.00 Cr) |
| Fresh Issue | 26,116,838 shares (aggregating up to Rs 760.00 Cr) |
| Offer for Sale | 6,872,852 shares of Rs 10 (aggregating up to Rs 200.00 Cr) |
| Employee Discount | Rs 14 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 116,837,249 |
| Share holding post issue | 142,954,087 |
Muthoot Microfin IPO Timeline
| IPO Open Date | Monday, December 18, 2023 |
| IPO Close Date | Wednesday, December 20, 2023 |
| Basis of Allotment | Thursday, December 21, 2023 |
| Initiation of Refunds | Friday, December 22, 2023 |
| Credit of Shares to Demat | Friday, December 22, 2023 |
| Listing Date | Tuesday, December 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 20, 2023 |
Muthoot Microfin IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 51 | Rs 14,841 |
| Retail (Max) | 13 | 663 | Rs 192,933 |
| S-HNI (Min) | 14 | 714 | Rs 207,774 |
| S-HNI (Max) | 67 | 3,417 | Rs 994,347 |
| B-HNI (Min) | 68 | 3,468 | Rs 1,009,188 |
