About Company’s Business:
They are a microfinance institution that specializes in providing micro-loans to female clients, primarily for the purpose of income generation, with a specific emphasis on rural areas in India. Their range of loan products includes group loans for livelihood solutions, such as income-generating loans, Pragathi loans (interim loans extended to existing customers for working capital and income-generating activities), and individual loans. Additionally, they offer life betterment solutions, including mobile phone loans; health and hygiene loans, such as those for sanitation improvement; and secured loans in the form of gold loans, along with their Muthoot Small & Growing Business loans.
About the Industry:
The gross loan portfolio of the microfinance industry has experienced a compounded annual growth rate of 21% from the fiscal year 2018, reaching around ₹3.3 trillion in the third quarter of the financial year 2023. Among various player groups, non-banking financial companies, specifically microfinance institutions, have exhibited the fastest growth rate. Looking ahead, the microfinance industry is poised for sustained expansion, driven by the Government’s ongoing efforts to fortify the rural financial ecosystem, a resilient demand for credit, and the issuance of higher-ticket loans by microfinance lenders.
Key Financial Information (â‚ą in million):
Certainly! Here’s the tabulated information based on the data provided:
| Particulars | Six months ended Sep 30, 2023 | As at and for the year ended Mar 31, 2023 | Six months ended Sep 30, 2022 | As at and for the year ended Mar 31, 2022 | As at and for the year ended Mar 31, 2021 |
|---|---|---|---|---|---|
| Equity Share capital (â‚ą) | 1,401.98 | 1,401.98 | 1,401.98 | 1,333.33 | 1,141.71 |
| Other equity (â‚ą) | 17,018.97 | 14,856.51 | 13,063.86 | 12,032.46 | 7,757.19 |
| Net Worth (â‚ą) | 18,420.95 | 16,258.49 | 14,465.84 | 13,365.79 | 8,898.90 |
| Revenue from operations (â‚ą) | 10,423.27 | 14,287.64 | 6,047.42 | 8,325.06 | 6,841.67 |
| Profit after tax (â‚ą) | 2,052.57 | 1,638.89 | 124.66 | 473.98 | 70.54 |
| Earnings per Equity Share | |||||
| - Basic (â‚ą) | 17.57 | 14.19 | 1.09 | 4.15 | 0.62 |
| - Diluted (â‚ą) | 14.22 | 11.66 | 0.91 | 3.94 | 0.62 |
| NAV per Equity Share (â‚ą) | 127.61 | 112.63 | 100.21 | 97.74 | 77.94 |
| Total borrowings (â‚ą) | 77,461.10 | 64,931.76 | 52,307.15 | 39,966.09 | 30,156.58 |
Objective of the Issue:
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To undertake our existing business activities;
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To undertake the activities proposed to be funded from the Net Proceeds;
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General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Monday, December 18, 2023 |
| Close Date | Wednesday, December 20, 2023 |
| Issue Size | â‚ą960.00 Crores |
| Price | â‚ą277 to â‚ą291 per share |
| Lot Size | 51 Shares |
| 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 |
How to apply for this IPO?
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