Muthoot Microfin IPO

Muthoot Microfin plans an IPO, offering ₹950 cr in fresh shares and ₹400 cr in existing shares to raise INR 1350 cr for capital expansion.

 Important Dates

IPO Date: Dec 18 to Dec 20, 2023 IPOListing Date: Dec 26, 2023 IPOPrice: INR 277- 291 per share IPOLot Size: 51 Shares IPOTotal Issue Size: INR 1350 crores

Fundamental Analysis

Muthoot Microfin excels in revenue growth and profits yet faces concerns over increased reliance on external funding and debt despite strong asset performance.

Peer Comparison

Muthoot Microfin shows strong RoNW, NAV, and unique P/E absence. Equitas, Credit Access show high income. Spandana Sphoorty boasts high P/E, lower RoNW.

IPO Objective

Muthoot Microfin aims to enhance Tier-I capital and expand its business through a fresh issue while also planning to list via a ₹400 crore share sale.

Risks And Challenges

Muthoot Microfin deals with higher default risks, focusing on low-income women. The brand's importance for growth is huge, while cyber-fraud brings legal and money issues.

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