Muthoot Microfin IPO
Muthoot Microfin Limited (MUTHOOTMF) · mainboard IPO on NSE and BSE. Listed on 26 December 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -1.7% (likely range -10% to -2%), day's high +1.4%, chance of a gain 20%. Actual: -5.4% at the open, -3.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 68,59,205 | 11,98,12,923 | 17.5x | |
| NII (HNI) total | 51,44,404 | 6,79,16,190 | 13.2x | |
| Big NII (above ₹10 lakh) | 34,29,602 | 4,23,08,019 | 12.3x | |
| Small NII (₹2-10 lakh) | 17,14,802 | 2,56,08,171 | 14.9x | |
| Retail | 1,20,03,610 | 9,13,90,674 | 7.61x | |
| Employees | 3,80,228 | 18,82,971 | 4.95x | |
| Total | 2,43,87,447 | 28,10,02,758 | 11.5x |
Bids on NSE and BSE together, as published by NSE, as of 20 Dec 2023, 07:00 PM. Shares offered exclude the anchor portion.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Muthoot Microfin's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Larsen & Toubro InfotechJul 2016 | 19.9x | 10.8x | 7.39x | 11.7x | ₹1,242 Cr | -6.1% | 0.0% |
| Signatureglobal (India)Sep 2023 | 12.7x | 13.5x | 6.82x | 11.9x | ₹794 Cr | +15.3% | +23.1% |
| Zaggle Prepaid Ocean ServicesSep 2023 | 16.7x | 8.85x | 5.94x | 12.6x | ₹574 Cr | 0.0% | +7.3% |
| Future Supply Chain SolutionsDec 2017 | 12.4x | 11.2x | 3.28x | 7.56x | ₹650 Cr | 0.0% | +5.3% |
| Ircon InternationalSep 2018 | 12.3x | 4.92x | 10.1x | 9.90x | ₹806 Cr | -13.3% | -2.1% |
| Newgen Software TechnologiesJan 2018 | 15.6x | 5.52x | 5.18x | 8.25x | ₹428 Cr | +3.7% | +8.9% |
Frequently asked
What is the Muthoot Microfin IPO price band and lot size? ₹277–291 per share.
How many times has it been subscribed? 11.5x overall: QIB 17.5x, NII 13.2x, retail 7.61x, employees 4.95x.
How did it list? It opened at ₹275, -5.4% against the issue price of ₹291, and closed its first day -8.5%.
