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SBICAPS successfully led INR 960 Cr IPO of Muthoot Microfin

Participation from marquee long-only domestic and foreign investors

2023

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*

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