Muthoot Microfin IPO GMP History
Muthoot Microfin IPO has been listed on December 26, 2023 at a listing price of ₹275.3, against the issue price of ₹291 — a loss of ₹15.7 (-5.4%). The GMP peaked at ₹150 on 13 December 2023 and reached a low of ₹20 on 22 December 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Muthoot Microfin IPO raised ₹960 Cr. through its IPO at a price band of ₹277 to ₹291 per share, with a lot size of 51 shares. The IPO was open for subscription from 18 Dec 2023 to 20 Dec 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:23 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 23 Dec 2023 | ₹ 25 | ▲ | 9% | — | — |
| 22 Dec 2023 | ₹ 20 | — | 7% | — | — |
| 21 Dec 2023 | ₹ 20 | ▼ | 7% | — | — |
| 20 Dec 2023 | ₹ 60 | ▼ | 21% | — | — |
| 19 Dec 2023 | ₹ 70 | ▼ | 24% | — | — |
| 18 Dec 2023 | ₹ 90 | ▼ | 31% | — | — |
| 16 Dec 2023 | ₹ 100 | ▼ | 34% | — | — |
| 15 Dec 2023 | ₹ 110 | ▼ | 38% | — | — |
| 14 Dec 2023 | ₹ 130 | ▼ | 45% | — | — |
| 13 Dec 2023 | ₹ 150 | — | 52% | — | — |
Muthoot Microfin IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 18 Dec 2023
- Close 20 Dec 2023
- Allotment 21 Dec 2023
- Refund/credit 22 Dec 2023
- Listing 26 Dec 2023
Muthoot Microfin IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹291 |
|---|---|
| GMP-based estimate (pre-listing) | ₹316 (+8.6%) |
| Listing gain / loss | −₹15.7 per share |
| Listing date | 26 Dec, 2023 |
| Actual listing price | ₹275.3 (-5.4%) |
Is Muthoot Microfin IPO GMP reliable?
Grey market premium for Muthoot Microfin IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Muthoot Microfin IPO full review for a fundamentals-based assessment before making any grey market trades.
Muthoot Microfin IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Muthoot Microfin IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Muthoot Microfin IPO
Muthoot Microfin Limited was incorporated as Panchratna Stock and Investment Consultancy Services Private Limited at Mumbai on 6 April 1992. It is a microfinance institution that gives micro-loans to women customers, mainly for income generation, with a focus on rural India.
Its products include group loans for livelihood, Pragathi interim loans and individual loans, life betterment loans such as mobile phone loans, sanitation loans, and secured gold loans and Muthoot Small & Growing Business loans.
Its network grew from 755 branches and 1.86 million active customers on 31 March 2021 to 1,340 branches, 12,297 employees and 3.19 million active customers on 30 September 2023. Its promoters include Muthoot Fincorp Limited and members of the Muthoot family.
The IPO was Rs 960 crore, with Rs 760.11 crore of fresh issue and Rs 199.89 crore of offer for sale by six individual promoters and Greater Pacific Capital. The fresh money was meant to support its lending business.
Frequently asked
What is the GMP of Muthoot Microfin IPO?
The current Grey Market Premium (GMP) of Muthoot Microfin IPO is ₹ 25.
What is the Kostak Price of Muthoot Microfin IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Muthoot Microfin IPO is not available.
What is the Subject to Sauda Price of Muthoot Microfin IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Muthoot Microfin IPO?
Muthoot Microfin IPO listed on December 26, 2023 at ₹275.3, against the issue price of ₹291 — a loss of -5.4%.
How did the GMP of Muthoot Microfin IPO trend before listing?
The GMP of Muthoot Microfin IPO was rising in its final days before listing. The GMP peaked at ₹150 on 13 December 2023. View the day-wise table above for the complete GMP history.
Explore Muthoot Microfin IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
