Investors Await Muthoot Microfin IPO Listing as Allotment Gets Finalized

Manoj Prasad

The much-anticipated Muthoot Microfin IPO allotment has been finalized, and investors are now eagerly awaiting the listing date – expected to be December 26, 2023. With strong fundamentals and positive market sentiment, the public issue saw robust investor interest.

Allotment Status Now Available

After the share allocation announcement by KFin Technologies Limited – the official registrar, bidders can now check their Muthoot Microfin IPO allotment status online. Simply log in at either the BSE website or KFin’s portal using your application details.

To check allotment status on BSE:

  1. Go to direct link –
  2. Select ‘Equity’ as Issue Type
  3. Enter Application No. or PAN
  4. Click ‘I’m not a robot’ and ‘Search’

To check status on KFin portal:

  1. Visit direct link –
  2. Choose ‘Muthoot Microfin IPO’
  3. Enter Application No. and Captcha
  4. Click ‘Submit’

Your IPO allotment status will now be displayed on-screen.

Grey Market Premium Surges to ₹29

In positive signs, the grey market premium (GMP) for Muthoot Microfin shares has now risen to ₹29 – ₹9 higher than Thursday. Analysts suggest yesterday’s rebound in markets after a sell-off on Wednesday has renewed investor optimism.

This indicates solid listing gains potential for the stock when it debuts on December 26. The company’s robust financial growth story and strong brand recall seem to have resonated amongst bidders.

Financial Growth and Recent Developments

Analysts are bullish on the Microfin company’s growth prospects, as evident from its financial performance. For FY22, Muthoot Microfin registered exceptional 82% PAT growth along with consistent improvement in asset quality.

Its technologically advanced ‘Cashless Customer’ model has also enabled optimization of processes resulting in superior business efficiencies. The company is also launching innovative loan products for micro-entrepreneurs to drive financial inclusion amongst the unbanked population.

Recent equity infusion of ₹240 crore by private equity players early this year is also a validation of Muthoot Microfin’s high-growth business strategy.

Key Listing Date Details

  • Issue Close Date: December 12, 2023
  • Finalization Date: December 22, 2023
  • Likely Listing Date: December 26, 2023
  • Listing Exchange: NSE & BSE

Financials Snapshot

  • 82% PAT growth in FY22 to ₹172 crore
  • AUM growth of 34% CAGR over 3 years
  • Healthy NIMs of 10.6% in FY22
  • Strong asset quality with 90+ dpd of just 0.67%

The public issue of Muthoot Microfin was open from December 5-12, 2023 to raise over ₹350 crore through a fresh issue of shares. Overall, the IPO saw around 4x demand across all categories signaling positive investor appetite.

Now all eyes are on the listing date when the scrip debuts on leading bourses NSE & BSE. Given the positive momentum and financial growth prospects, market experts suggest strong listing pop potential followed by further upside for Muthoot Microfin shares. Investors who secured allotment can expect rewarding returns while others may look at buying during listings for gains.

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