Muthoot Microfin

Budget 2025: 3 steps that can help empower microfinance industry

According to an NCAER study, microfinance contributes 3 percent to the GVA. It fosters entrepreneurship and supports livelihoods and can play a key role in India's growth story

Stock Radar: Indus Towers, PG Electroplast, Bharat Forge, Indraprastha Gas, Torrent Pharma, Dynamic Services in focus on Thursday

Stocks like Larsen & Toubro, Mastek, Bondada Engineering, Gallantt Ispat, Force Motors, Hero MotoCorp, Mazagon Dock Shipbuilders, Suraj Estate Developers, HT Media, Technopack Polymers, Vimta Labs, and Muthoot Microfin will also be in focus on December 5.

Being South-based helped us manage asset quality issues better: Sadaf Sayeed, MD & CEO, Muthoot Microfin

Kerala, Tamil Nadu, Karnataka contribute almost 49 per cent of the loan book. We have just entered Andhra and Telangana, which is also contributing to further growth. In these areas, the collection efficiency is much higher.

Muthoot Microfin plans to raise around Rs 9,000 crore through different borrowing channels in FY25: CEO

In addition to the borrowing targets, Sadaf Sayeed said that the company will look at growing slowly in Bihar due to issues pertaining to stress on the portfolio and will focus on Telangana and Andhra Pradesh and other south-Indian states.

Muthoot Microfin enters into co-lending pact with SBI

Under the agreement, Muthoot Microfin and SBI will co-lend to members of Joint Liability Groups (JLGs) who are engaged in agricultural and allied activities as well as other income-generating enterprises.

Muthoot Microfin looking at maintaining 35% CAGR in FY25: CEO Sadaf Sayeed

In FY25, the company plans to source funds from the existing ratio of 70:30 from banks and other markets, respectively, to a ratio of 50:50.

Muthoot Microfin raises $75 million through external commercial borrowings

The social loan is benchmarked to a 3-month term SOFR (Secured Overnight Financing Rate) with a margin of 2.85 percent

Muthoot Microfin to open up to 30 branches in Telangana and AP this quarter: CEO

The company is well capitalised and will not need capital infusion in the next two years, said CEO Sadaf Sayeed.

Muthoot Microfin soars 7% on Q3 net profit surge

The management anticipates strong growth in the coming quarters as well on the back of a healthy balance sheet and favourable macro-economic outlook for India

5 IPOs that saw the worst listing in 2023

In 2023, some 57 Indian companies raised around Rs 49,000 crore through mainboard IPOs

Buy, sell or hold: What should you do with Muthoot, Suraj Estate and Motisons post-listing?

Analysts suggest Suraj Estate Developers presents a viable hold opportunity for medium to long-term investors

Muthoot Microfin lists at Rs 275, down over 5% from IPO price

Muthoot Pappachan Group-backed Muthoot Microfin's IPO had opened for subscription on December 18. The NBFC provides micro-loans to women customers with a focus on rural regions of India

Muthoot Microfin likely to debut with marginal listing gains

Muthoot Microfin's IPO received decent interest from investors with the issue being subscribed 11.52 times. QIBs led from the front, as they bid 17.47 times their allotted quota.

Muthoot Microfin IPO subscribed 11.52 times, retail portion booked 7.61 times on final day

Muthoot Microfin IPO: The price band for the issue, which closes on December 20, has been fixed at Rs 277-291 per share

Muthoot Microfin, Happy Forgings, Azad Engineering IPOs draw attractive premium in grey market

Analysts have issued a subscribe rating on all three issues on the back of strong market presence, and robust financials

Muthoot Microfin IPO subscribed 2.83 times, retail portion bought 4 times on Day 2

The Kochi-based microfinance institution recorded a 246 percent on-year growth in net profit at Rs 163.9 crore for the year ended March 2023 and revenue during the same period increased by 71.6 percent to Rs 1,428.8 crore.

Muthoot Microfin IPO: Should you subscribe to the Rs 960-crore issue?

Muthoot Microfin IPO: The price band for the issue, which will close on December 20, has been fixed at Rs 277-291 per share

Muthoot Microfin IPO booked 79%, retail portion fully subscribed

Muthoot Microfin IPO: The price band of the offer, which will close on December 20, has been fixed at Rs 277-291 per share

RBI move to increase risk weight on consumer loans won’t impact microfinance: Muthoot Microfin CEO

The public issue of Muthoot Microfin Limited opens for subscription today. The Rs 960-crore IPO is a combination of 2.61 crore fresh shares aggregating to Rs 760 crore and an offer-for-sale of 0.69 crore shares aggregating to Rs 200 crore