Muthoot Microfin, part of the Muthoot Pappachan Group, filed a Draft Red Herring Prospectus for an IPO of equity shares of face value of Rs10 each for cash at a price per equity share (including a share premium comprising a fresh issue aggregating up to Rs500cr and an offer for sale of up to 16,310,072 equity shares).
The equity shares are proposed to be listed on BSE and NSE.
The Book Running Lead Managers to the offer are Edelweiss Financial Services Limited, Motilal Oswal Investment Advisors Limited, Credit Suisse Securities (India) Private Limited, and SMC Capitals Limited.
Muthoot Microfin is one of the leading micro-finance institutions focused on providing micro-loans to women customers with a focus on rural regions of India. It is the fifth largest NBFC-MFI in India in terms of gross loan portfolio, as of March 31, 2018, according to CRISIL Research. It has 1.2mn active borrowers, who are served by 467 branches across 168 districts in 16 states and union territories in India, as of March 31, 2018.