Muthoot Microfin IPO, which began on 18 December 2023 and is set to close on 20 December 2023 with the company listing its shares on the BSE and NSE. Muthoot Microfin IPO GMP (Grey Market Premium), which is an unofficial indicator of how the shares might perform when they are officially listed.
The company has set the face value of its shares at ₹10 per share, with a price band ranging from ₹277 to ₹291 per share. This accessible pricing is expected to attract a wide range of investors. The IPO comprises a total issue size of 32,989,690 shares, aggregating up to ₹960.00 Crores. This includes a fresh issue of 26,116,838 shares, aggregating up to ₹760.00 Crores, and an offer for sale of 6,872,852 shares of ₹10 each, aggregating up to ₹200.00 Crores.
One of the highlights of this IPO is the employee discount of ₹14 per share, which is a testament to the company’s commitment to its workforce. Investors looking to participate in the IPO must adhere to the lot size of 51 shares. The listing of the shares is scheduled for Tuesday 26 December 2023.
Muthoot Microfin IPO GMP Today
By tracking the daily changes in the Muthoot Microfin IPO GMP (grey market premium) since the IPO was announced, we get a clear picture of how much interest and excitement there is around this event. Let’s analyze these trends and explain what they mean for Muthoot Microfin and its potential investors.
| GMP Date | GMP | Sub2 Sauda Rate |
|---|---|---|
| 18-12-2023 | ₹80 | 3100/43400 |
| 17-12-2023 | ₹80 | 3100/43400 |
| 16-12-2023 | ₹80 | 3100/43400 |
| 15-12-2023 | ₹88 | 3400/47600 |
| 14-12-2023 | ₹95 | 3700/51800 |
| 13-12-2023 | ₹105 | 4100/57400 |
| 12-12-2023 | ₹160  | — |
As of today, 18 December 2023, the Muthoot Microfin IPO Grey GMP Today remains steady, reflecting investors’ keen interest in the offering. The IPO, priced at ₹291.00 per share, is showing a GMP of ₹80, indicating a strong market sentiment. The GMP has been consistent for the past three days, maintaining the same rate since December 16.
The Sub2 Sauda rate, a metric used by traders in the grey market to gauge demand, is currently at 3100/43400. This rate provides an insight into how shares are being traded informally before the official listing.
Interestingly, the estimated listing price for Muthoot Microfin shares, given the current GMP, is ₹371, which translates to a significant premium of 27.49% over the IPO price. This estimated listing price is an indication of how the market perceives the value of these shares post-listing.
Looking back at the trend over the past week, the GMP has seen some fluctuations. On December 15, the GMP was higher at ₹88, suggesting a slightly more optimistic market outlook, which calculated an estimated listing price of ₹379, a 30.24% increase. Similarly, on December 14, the GMP stood at ₹95, pointing towards an even higher estimated listing price of ₹386, which was a 32.65% increase over the IPO price.
The peak of the GMP was observed on December 13, where it reached ₹105, indicating an estimated listing price of ₹396, a substantial 36.08% increase from the IPO price. However, the trend reversed in the subsequent days, with the GMP gradually decreasing to the current rate.
This downward trend in GMP started after December 12, when there was no IPO price available, and the GMP was at its highest at ₹160. Prior to this, from December 2 to December 11, the GMP was stagnant at ₹0, suggesting no grey market activity during this period.
Muthoot Microfin IPO Subscription Status Today
| IPO | Muthoot Microfin |
|---|---|
| IPO Open | 18 December 2023 |
| IPO Close | 20 December 2023 |
| Lot Size | 51 Shares |
| IPO Price | ₹277 to ₹291 per share |
| Listing Date | 26 December 2023 |
| RHP | Read |
| DRHPs | Read |
The IPO Subscription Status provides information about how many times the offered shares have been subscribed by investors.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | 0.00 |
| Non-Institutional Buyers | 0.04 |
| bNII (bids above ₹10L) | 0.01 |
| sNII (bids below ₹10L) | 0.10 |
| Retail Investors | 0.16 |
| Total ** | 0.09 |
You can pre-apply for the Muthoot Microfin IPO on Upstox. which means the pre-apply open date, usually begins a day before the IPO opens for the subscription.
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