Muthoot Microfin is a microfinance company based in Kochi (Kerala, India). It provides unsecured small loans (₹ 5000 to ₹ 50,000) to women in rural areas of the country.
The paperwork is simple. The access to the loan amount is quick. This helps women who are in quick need of money to start a small-business.
Since the loans are unsecured (extremely risky in nature), the company educates people about money. How to save, how to grow and how to use it wisely. This ensures the borrowers do not borrow too much and get into trouble.
Suppose a woman in rural India wants to start a tailoring business – she can borrow a small loan to buy a sewing machine. When her business grows, she can repay the loan. The business becomes her source of income, empowering not only herself but also her family.
Muthoot Fincorp and the Muthoot family collectively own 71% stake in Muthoot Microfin.
The initial public offering of Muthoot Microfin was held in December 2023. The IPO was priced at ₹ 291 per share. It was subscribed 12.3 times.
On December 26th 2023, the company was listed on the two major stock exchanges in India – NSE and BSE.
The listing was below-expectations. The Muthoot Microfin stock price opened at ₹ 275, which was ₹ 16 below its IPO price. It closed at ₹ 266.15 per share – giving investors a loss of 8.5%.
Muthoot Microfin Share Price History
| Year | Share Price | Gain / Loss |
|---|---|---|
| IPO | ₹ 291.00 | |
| Listing | ₹ 266.15 | - 8.5% |
| 2023 | ₹ 250.95 | - 5.7% |
| 2024 | ₹ 229.00 | - 8.7% |
Muthoot Microfin Share Price Chart
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Muthoot Microfin IPO
- IPO Price – ₹ 291 per share
- IPO Lot Size – 51 shares
- Listing Date – 26 December 2023
- Listing Day Opening Price – ₹ 275.30
- Listing Day Closing Price – ₹ 266.15
- Listing Day Loss – 8.54%
If 1 lot (51 shares) of Muthoot Microfin shares were purchased during the IPO at ₹ 291 per share – the total investment during the IPO would be ₹ 14,841.
The value of the shares on listing day, at closing share price of ₹ 266.15, would be ₹ 13,573.65.
The listing loss from Muthoot Microfin shares would be ₹ 1,267.35. A loss of 8.54% over the IPO price.
Muthoot Microfin Calculator
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The Muthoot Microfin calculator will tell you the value of your Muthoot Microfin investment in 2024.
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- During 2023, the share price of Muthoot Microfin was ₹ 291.
- If you had bought shares worth ₹ 2500 in 2023, you would have 86 shares today.
- At the end of 2024, the current value of your shares would be ₹ 19674.
Muthoot Microfin Returns
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