Muthoot Finance IPO Subscription

By: IPO | Views: 1229 | Date: 20-Apr-2011

CRISIL has assigned an IPO Grade 4 to Muthoot Finance Ltd IPO. This means as per CRISIL, company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

Incorporated in 1997, Muthoot Finance Ltd is the Kerala - based largest gold financing company in India in terms of loan portfolio. Muthoot Finance provides personal and business loans secured by gold jewellery, or Gold Loans. They have 1605 branches across 20 states and two union territories in India.

Customers of Muthoot Finance are typically small businessmen, vendors, traders, farmers and salaried individuals. They provide retail loan products, primarily comprising Gold Loans. They also disburse other loans, including those secured by Muthoot Gold Bonds. Their Gold Loans have a maximum 12 month term. Other then Gold Loans business, they provide money transfer services through their branches as sub-agents of various registered money transfer agencies. Company also operates three windmills in the state of Tamil Nadu.

Company Promoters:

The following individuals are the Promoters of the Company:

1. M.G. George Muthoot;
2. George Thomas Muthoot;
3. George Jacob Muthoot; and
4. George Alexander Muthoot

Company Financials:

ParticularsFor the year/period ended (in Rs. Millions)

31-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income10,893.806,204.023,686.382,339.651,480.62
Profit After Tax (PAT)2,275.75977.20635.97439.79271.27

Objects of the Issue:

The Object of the issue are:

1. To augment capital base to meet future capital requirement to provide for funding of loans to customers;
2. General corporate purposes.

Issue Detail:

  »»  Issue Open: Apr 18, 2011 - Apr 21, 2011
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 51,500,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 824.00 - 901.25 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 160 - Rs. 175 Per Equity Share
  »»  Market Lot: 40 Shares
  »»  Minimum Order Quantity: 40 Shares
  »»  Listing At: BSE, NSE

Muthoot

Muthoot Finance Ltd IPO Grading

CRISIL has assigned an IPO Grade 4 to Muthoot Finance Ltd IPO. This means as per CRISIL, company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. 

Muthoot Finance Ltd IPO Tags:

Muthoot Finance IPO, Muthoot Finance Ltd IPO, Muthoot Finance IPO Bidding, Muthoot IPO Allotment Status, Muthoot Finance IPO drhp and Muthoot Finance IPO listing.

Shareholding Pattern / Book Value of Muthoot Finance


Equity Shares (in crore)Promoters HoldingBook Value
Pre-issue320.2193.00%Rs 35.00
Post-issue371.7180.12%

Bidding Status (IPO subscription detail):


Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional InvestorsRetail Individual Investors (RIIs)Total
Shares Offered / Reserved 18,025,000  7,725,000  18,025,000  43,775,000 
 Day 1 - Apr 18, 2011 17:00 IST 0.2600  0.0200  0.1200  0.1600 
 Day 2 - Apr 19, 2011 17:00 IST 0.3100  0.2100  0.4600  0.3500 
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