Muthoot Finance IPO
Muthoot Finance IPO — date, price band, lot size & details 2011
Muthoot Finance listed on 6 May 2011 at ₹196.6, 12.3% above the ₹175 issue price.
Muthoot Finance is the largest gold financing company in India by loan portfolio, giving loans secured by gold jewellery through a large branch network. Its total income was Rs 1,089.38 crore in FY2010.
Stock price
Muthoot Finance is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 18 Apr 2011
- Close 21 Apr 2011
- Allotment 02 May 2011
- Refund/credit TBA
- Listing 06 May 2011
Issue summary
The terms of the offer, as filed.
| IPO Dates | 18 to 21 Apr, 2011 |
|---|---|
| Price Band | ₹160 – ₹175 |
| Face Value | ₹10 |
| Lot Size | 40 Shares |
| Issue Size | ₹901.25 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 7,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 40 shares at the ₹175 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹7,000 |
| Retail (max) | 28 | 1,120 | ₹1,96,000 |
| S-HNI (min) | 29 | 1,160 | ₹2,03,000 |
| S-HNI (max) | 142 | 5,680 | ₹9,94,000 |
| B-HNI (min) | 143 | 5,720 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 368.64 crore in FY2008 to Rs 1,089.38 crore in FY2010.
- 02Profit after tax rose from Rs 63.60 crore in FY2008 to Rs 227.58 crore in FY2010.
- 03It had 1605 branches across 20 states and two union territories.
- 04Its loans are secured by gold jewellery, which can be sold if a borrower defaults; net worth was Rs 1,131.46 crore on 30 November 2010.
Risks · 5
- 01Total borrowing rose from Rs 1,915.31 crore in FY2008 to Rs 9,082.92 crore on 30 November 2010.
- 02A sharp fall in gold prices would cut the value of its collateral; total assets were Rs 10,776.18 crore.
- 03Gold loan NBFCs face changing RBI rules, and growth from Rs 368.64 crore of income in FY2008 was very fast.
- 04Its business is concentrated in gold loans, with 1605 branches to staff and secure.
- 05The Muthoot family held 93% before the issue and 80.12% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Muthoot Finance offer document.
| Metric | 30 Nov 2010 | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|---|
| Assets | 10,776.18 | 6,440.14 | 3,760.04 | 2,285.77 |
| Total Income | 1,301.66 | 1,089.38 | 620.40 | 368.64 |
| Profit After Tax | 291.48 | 227.58 | 97.72 | 63.60 |
| NET Worth | 1,131.46 | 584.19 | 361.45 | 213.11 |
| Reserves and Surplus | 811.51 | - | - | - |
| Total Borrowing | 9,082.92 | 5,280.53 | 3,165.59 | 1,915.31 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Muthoot Finance RHP.
Where the money goes
₹866.25 Cr of the issue is earmarked to named objects.
Muthoot Finance IPO Anchor Investors
15 anchor investors across 3 fund houses committed ₹131.33 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It is the largest gold financing company in India by loan portfolio. It gives personal and business loans secured by gold jewellery, and its customers are typically small businessmen, vendors, traders, farmers and salaried people.
It had 1605 branches across 20 states and two union territories.
The IPO was Rs 901.25 crore and was entirely fresh issue at Rs 175, the top of the Rs 160 to Rs 175 band. The money was to augment its capital base for lending.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Muthoot Finance IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
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Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Muthoot Finance?
The current Grey Market Premium is ₹0.
What is the Muthoot Finance IPO price band?
₹160 to ₹175, on a face value of ₹10.
When is the allotment?
The basis of allotment is 2 May 2011, with listing on 6 May 2011.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
