Subscribe to Muthoot Microfin Ltd: Geojit

Geojit, has come out with its report on Muthoot Microfin Ltd. The research firm has recommended to “ Subscribe ” the ipo in its research report as on December 15, 2023.

Broker Research

December 18, 2023 / 11:31 IST

IPO

26 Aug, 2025 12:21

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Geojit, IPO report on Muthoot Microfin Ltd

Muthoot Microfin Ltd. (MML), a microfinance institution promoted by the Muthoot Pappachan Group, specializes in providing micro-loans to women customers, primarily for income generation in rural areas of India. As of March 31, 2023, MML ranks as the 5th largest NBFC-MFI in India based on its gross loan portfolio. Additionally, it holds the position as the 3rd largest NBFC-MFI in South India by gross loan portfolio and is the leading microfinance institution in Kerala with the highest market share. MML is also a significant player in Tamil Nadu, holding an almost 16% market share. The company serves 0.32cr active customers through 1,340 branches across 339 districts in 18 states and union territories in India, as of September 30, 2023.

Valuation and Outlook

Based on its diversified lending products, focus on digital transformation, and expanding geographical footprint, we assign a “Subscribe” rating for MML on a medium- to long-term basis.

For all IPO report, click here