Issuer details
- The microfinance arm of Muthoot Pappachan Group is one of the leading and fast-growing NBFC-MFI in India
- 5th largest NBFC- MFI in India and 3rd largest in South India by gross loan portfolio
- 1,340 branches across 18 states and UTs having 100% digital distribution across branches
- One of the youngest NBFC-MFIs with relatively strong credit rating of CRISIL A+
Key transaction highlights
- SBICAPS positioned Muthoot Microfin as a key player in Indian NBFC-MFI space
- SBICAPS delivered stellar performance and demand generation in the IPO
- SBICAPS was crucial in converting marquee long-only investors and hand holding the management throughout the IPO Process
- The IPO received overwhelming response from investors and is the highest subscribed MFI IPO in India
- SBICAPS leveraged its exceptional domain capabilities in the BFSI sector to lead this extremely successful IPO
Issue Details
| Fund Raise Size | INR 960 Cr | |
| Primary IPO Size | INR 760 Cr | |
| OFS Size | INR 200Cr | |
| Issue Price | INR 291 share | |
| Issue Period | Dec 15 - 18, 2023 | |
| Overall Subscription | 12.2x* |
