18 Dec 23
20 Dec 23
₹ 960 Cr
₹ 277 to ₹ 291
21 Dec 23
26 Dec 23
Established in 1991, Muthoot Microfin Limited is in the business of offering micro-loans to women to generate income. The company focuses on rural India and is a part of the Muthoot Pappachan Group. As of December 2022, Muthoot Microfin ranked fourth in terms of the largest NBFC-MFI for gross loan portfolio. It was also the third largest NBFC-MFI in South India for gross loan portfolio and the first largest in Kerala for MFI market share for the same period. In Tamil Nadu, the company had a market share of around 16% for the stated period. Its total gross loan portfolio stood at ₹92,082.96 million as of March 2023.
● To fund capital requirements. ● General corporate purpose.
The book-running lead managers to the offer are: ICICI Securities Limited, Axis Capital Limited, JM Financial Limit, SBI Capital Markets Limited
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