Muthoot Microfin IPO
Microfinance / MFI NBFC - Listed on 26 December 2023
Muthoot Microfin IPO listing summary
Muthoot Microfin (Microfinance / MFI NBFC) closed its IPO window in 2023 and listed on NSE and BSE on 26 December 2023 at an upper band issue price of Rs 291, opening at Rs 275.3 for a listing gain of -5.4% and closing day one at Rs 265.15 (-8.9% on closing basis). The IPO was subscribed 11.49x overall - QIB 17.47x, HNI/NII 13.19x, Retail 7.56x. The total issue size was Rs 960 Cr (Fresh Issue Rs 760 Cr, OFS Rs 200 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Muthoot Microfin IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 100 | +34.36% |
| Day 2 | Rs 100 | +34.36% |
| Day 3 | Rs 90 | +30.93% |
| Day 4 | Rs 70 | +24.05% |
| Day 5 | Rs 60 | +20.62% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Muthoot Microfin IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Muthoot Microfin IPO - FAQs
What was the listing gain of Muthoot Microfin IPO?
Muthoot Microfin IPO listed at -5.4% versus the upper issue price of Rs 291 on 26 December 2023.
How many times was Muthoot Microfin IPO subscribed?
Muthoot Microfin IPO was subscribed 11.49x overall. QIB portion was subscribed 17.47x, HNI / NII 13.19x and Retail 7.56x.
What was the IPO GMP for Muthoot Microfin?
IPO GMP started at Rs 100 on Day 1 and moved to Rs 60 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.