MUTHOOT MICROFIN LIMITED INITIAL PUBLIC OFFERING OPENS ON MONDAY, DECEMBER 18, 2023

 

Mumbai: “Muthoot Microfin Limited” (the “Company”), shall open its initial public offering of Equity Shares face value ₹ 10 on Monday, December 18, 2023.

The Anchor Investor Bidding Date shall be Friday, December 15, 2023. The Offer will open on Monday, December 18, 2023, for subscription and will close on Wednesday, December 20, 2023.

The Price Band of the Offer has been fixed at ₹ 277 to ₹ 291 per Equity Share. Bids can be made for a minimum of 51 Equity Shares and in multiples of 51 Equity Shares thereafter.

The Company plans to raise funds through an initial public offering with a total offer size aggregating to ₹ 9,600 million (₹ 960 crore). The total offer size comprises of fresh issue of Equity Shares aggregating to ₹ 7,600 million (₹ 760 crore) and an offer of Equity Shares aggregating to ₹ 2,000 million (₹ 200 crore) by the selling shareholders.

The Company proposes to utilize the Net Proceeds from the Fresh Issue to augment its capital base to meet future capital requirements.

The offer for sale comprises Equity Shares by Thomas John Muthoot aggregating to ₹ 163.63 million (₹ 16.36 crore), by Thomas Muthoot aggregating to ₹ 163.84 million (₹ 16.38 crore), by Thomas George Muthoot aggregating to ₹ 163. 61 million (₹ 16.36 crore), by Preethi John Muthoot aggregating to ₹ 337.39 million (₹ 33.74 crore), by Remmy Thomas aggregating to ₹ 333.87 million (₹ 33.39 crore), by Nina George aggregating to ₹ 337.66 million (₹ 33.77 crore) (“The Promoter Selling Shareholders”), by Greater Pacific Capital WIV Ltd aggregating to ₹ 500 million (₹ 50 crore) (The “Investor Selling Shareholders”).

The Equity Shares are being offered through the red herring prospectus dated December 11, 2023 (“RHP”) filed with the Registrar of Companies, Maharashtra at Mumbai (“RoC”). The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the Stock Exchanges BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). For the Offer, BSE shall be the Designated Stock Exchange.

ICICI Securities Limited, Axis Capital Limited, JM Financial Limited, and SBI Capital Markets Limited are the book-running lead managers to the Offer.