#muthoot microfin

[forcenewz]

70+ Upcoming Latest IPO 2023 List!

Are you finding the Upcoming Latest IPO 2023 List? We provide all details and Many unicorn companies listed. Bajaj energy, byju's, ola, oyo rooms, swiggy, SAMHI Hotels, Fincare Small Finance Bank, Go Airlines, and Utkarsh Small Finance Bank is the latest upcoming IPO. If you want to know more about the IPO list for 2023, visit our blog!

[new-haryanvi-ragni]

Muthoot Microfin Stock Market Listing Today; Will It Make A Decent Debut? Check What GMP Says

[localreport]

IPO listing today: Motions Jewelers debuts with 98% premium; Muthoot Microfin, Suraj Estate fall 5.5%

[newstime-2]

Popular IPOs to debut on Dalal Street in December 2023

After the coronavirus pandemic, the stock market didn't perform well around the world. We've seen the economic downfall in various countries such as the USA, China, and more. However, there was only one country growing its economy continuously, we're talking about India. The country showed significant growth in every sector, and many corporations emerged as profitable businesses. Hence, the Indian stock market has grown, providing returns to investors whether local investors or foreign investors.

List of IPOs in December 2023

In the year 2023, Indian conviction toward their country has become stronger also reflected in the stock market because several companies have been listed in the market. As you can see the primary market recorded bumper listing on the mainboard; small-medium enterprises (SME) segments have been gone for IPO this year, companies such as Tata Technolgy, and Gandhar Oil Refinery went for raising money through IPO previous month November, 2023. According to the YT report, the Indian stock market has become one of the strongest markets in the world, India is emerging as a global leader who has established healthy relation with many countries which eventually increase trade with countries, and business and corporation are growing respectively. In the year 2023, 21 IPOs have registered in the third quarter of the year, 2023, whereas merely 4 IPO had registered in the same quarter of the previous year, 2022. The rising amount has increased in the third quarter of 2023 to US$ 1,770 million, which is about 376% more than the previous year which amounted to US$ 372 million. Reportedly, there are still more companies that will register their IPOs on the mainboard and SME segment. Here is the report about the companies that are going to launch their IPOs: There are already a few companies that have launched their IPOs and soon will close, Sheetal Universal Ltd which reportedly is going to close on December 6, Graphisads will close on December 5, and Marinetrans India Ltd will be closed on December 5. In addition, there are other companies as well which are going to launch their IPOs in the last month of the year, 2023. DOMS Industries Limited DOMS Industries Limited is going for subscription on December 13, 2023, and close on December 15, 2023. Right now, there is no information has been made about the band price of the share price of DOMS. Reportedly, Jm Financial, IIFL Securities, and ICICI Securities Limited are the book-running lead managers of the DOMS IPO. Sheetal Universal IPO Sheetal Universal is associated with agriculture commodities, the company already launched the IPO which started on December 4 and will close on December 6. The size of the IPO is ₹23.80 crore, having the fresh issue of 34 lakh equity shares. The company issued the band price at ₹70 per share. The IPO has an estimated number of 2,000 shares, and the minimum amount of the IPO is ₹140,000 which has to be raised. Accent Microcell Limited Accent Microcell will open IPO on December 8, 2023, it will close on December 12, 2023. The issue price on the book is ₹78.40 crores and 56 lakh shares will be issued. People have to buy at least 1000 shares to get an allotment subscription. Accent Microcell offered a band price of ₹133 to ₹140. Muthoot Microfin Limited IPO Reportedly, Muthoot Microfin Limited is going for a subscription this month. However, the share price and IPO release date have not been made yet public. IPO book built issue of Muthoot MicroFin limited is ₹1,350 crores, including a fresh issue of ₹950 crores and a sale issue of ₹400 crores. SJ Logistics The IOP date and price of a share will be public soon. SJ Logistics has booked a built issue of 38.4 lakh shares, including an entirely fresh issue of 38.4 lakh shares. Other Jyoti CNC Automation, InoxCVA, and India Shelter will also announce the date of the IPO soon.

FAQs:-

What is the meaning of IPO in the stock market? Private companies raise capital from the public which is known as IPO. The full form of IPO is initial public offering (IPO). What is the value of the stock market in India in December 2023? Indian stock market reached to nearly 4 Trillion in December 2023. This signifies the stability and growth of the Indian market. Read the full article

[finance-45]

Muthoot Microfin Limited: Empowering Financial Growth at IndiaBonds Muthoot Microfin Limited offers a compelling investment opportunity through its secured regular bond. This financial instrument ensures making it an attractive option for returns in the market at IndiaBonds https://www.indiabonds.com/bond-directory/INE046W07230-muthoot-microfin-limited/

[preeti58141]

[new-haryanvi-ragni]

Muthoot Microfin Limited IPO Opens Today: Should You Subscribe? Key Things To Know

[dailynews9]

Muthoot Group plans Rs 1,800cr IPO for MFI arm

Muthoot Group plans Rs 1,800cr IPO for MFI arm

Mumbai : Muthoot Microfin, the microfinance arm of the Muthoot Pappachan Group, is planning to tap the capital markets with an initial share sale offer of Rs 1,500-1,800 crore by the last quarter of 2023. Delhi – based Muthoot Microfin is promoted by Muthoot Fincorp, which is the third-largest gold loan player and the flag. ship firm of Muthoot Pappachan Group. Rs 1,800cr IPO for MFI arm This…

[petnews2day]

Muthoot Finance reports 13% yoy drop in Q2 PAT to ₹867 cr. Details here

New Post has been published on https://petnews2day.com/pet-industry-news/pet-financial-news/muthoot-finance-reports-13-yoy-drop-in-q2-pat-to-%e2%82%b9867-cr-details-here/

Muthoot Finance reports 13% yoy drop in Q2 PAT to ₹867 cr. Details here

Muthoot Finance reported a net profit of ₹867.2 crore for the quarter ending September 30, 2022 (Q2FY23) period compared to a profit of ₹994.01 crore a year same quarter — registering a decline of 12.76%. However, sequentially, the Q2 PAT climbed by 8.13% from ₹802 crore in June 2022 quarter. Net interest income (NII) stood at ₹1,595 crore in Q2FY23 also declining by 13.8% from ₹1,851 crore in Q2 of FY22.

In the second quarter, its total expenses stood at ₹1,342.14 crore compared to ₹1,493.56 crore in Q2FY22.

Further, in Q2FY23, the company garnered revenue of ₹2,497.73 crore compared to ₹2,830.43 crore in Q2 of the previous fiscal. In Q1FY23, the company posted a revenue of ₹2,503.86 crore.

For the first half of FY23 (H1), the company posted a net profit of ₹1,669.22 crore versus ₹1,965.16 crore in the corresponding period of the previous year. Meanwhile, revenue from operations came in at ₹5,001.59 crore against ₹5,544.22 crore in H1FY22.

On a consolidated basis, the company’s loan assets under management grew 6% YoY to Rs. 64,356 crore in H1FY23 as against ₹60,919 crore last year. During the quarter, consolidated Loan Assets under management increased by ₹912 crores i.e. an increase of 1% QoQ. Consolidated Profit after tax for H1 FY23 stood at ₹1,727 crore as against ₹1,981 crore last year. Consolidated Profit after tax for Q2 FY23 increased by 9% QoQ at ₹902 crore as against ₹825 crore in Q1 FY23.

George Jacob Muthoot, Chairman stated, “ The contribution of our subsidiaries to the overall consolidated AUM remain at 11%. Our Microfinance Subsidiary, Belstar has registered a remarkable YoY Loan growth of 53% with AUM at ₹5138 crore. We are also witnessing improved collections across microfinance, vehicle finance, and home loans. We continue to monitor these sectors for emerging opportunities with an objective to drive a balanced business growth.”

Further, George Alexander Muthoot, Managing Director said, ” Our gold loan AUM stood at ₹56,501 crore registering a YOY growth of 3% and a slight QoQ growth. The standalone profit after tax increased by 8% QoQ for Q2 FY23 at ₹867 crore. Though we were able to migrate teaser loans to higher rates, full impact transformation will take few more quarters. Further despite the rising interest rate scenario, we were able to maintain our borrowing cost at 7.98% for Q2FY23.

Muthoot Finance opened 24 branches in Q2 FY23.

Going forward, the MD added “in the coming quarters, we expect the borrowing cost to remain in that range mainly due to the positive impact on account of retirement of ECB amounting to USD450million in October 2022 which carried a high cost. We expect that our improved focus on loan disbursements and recovery measures as well as borrowing cost will enable us to maintain NIM around 11-12%. We continue to invest in our various digital initiatives along with our Gold loan@home service. We will continue to work on strengthening our growth strategy with focus on branch expansion and digital strategy.”

On BSE, Muthoot Finance shares closed at ₹1,105.35 apiece lower by 1.18%. The stock has an intraday high and low of ₹1,133.30 apiece and ₹1,097.55 apiece earlier in trading hours.

Muthoot Finance has a market cap of ₹44,372.76 crore.

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[newslobster]

Muthoot Group Plans Rs 1,800-Crore IPO (Public Issue) For Microfinance Arm

Muthoot Group Plans Rs 1,800-Crore IPO (Public Issue) For Microfinance Arm

Muthoot Fincorp and the Muthoot family own a 71 per cent stake in Muthoot Microfin. (Representational) Mumbai: Muthoot Microfin, the microfinance arm of the Muthoot Pappachan Group, is planning to tap the capital markets with an initial share sale offer of Rs 1,500-1,800 crore by the last quarter of 2023. Delhi-based Muthoot Microfin is promoted by Muthoot Fincorp, which is the third-largest…

[nbfc-advisory]

NBFC: Role & Impact on Indian Economy.

Before talking about NBFC, Do you remember the economic crisis of 2009? If you do not know, then know that businesses worldwide were stuck due to a lack of finance in this financial crisis. And even the banks that financed these businessmen had to struggle to save themselves.

We know that banks cannot go to every customer and inquire about their financial requirements, thus creating problems for those who don’t know how banks work. And one of the reasons for this is that there has been a massive gap in credit availability in India. And this is where the role of a non-banking financial company (NBFC) comes into play. NBFCs played an essential role in meeting the financial needs of customers who did not have access to banks and their services.

What is NBFC (Non-Banking Financial Company)?

NBFC acts as an intermediary in the finance business. In simple words, NBFCs are those companies which are registered under the Companies Act 1950-2013. The Reserve Bank of India (RBI) gives licenses to NBFCs.

For example, on TV or in the newspaper, you will hear the names of companies like Muthoot Finance, Mahindra & Mahindra Finance, and Bajaj Finance. While taking a phone, buying any electronic item, or buying a car, you must have often heard that these companies can provide loans to you. But these are not banking companies. So these companies, which work like banks in some ways, are called NBFCs.

NBFC company gives the loan and gets you to deposit money in insurance or SIP. It also works to provide loans to small businesses in the organized or unorganized sectors and caters to the growing financial needs in the corporate world. But at the same time, NBFCs also have some limitations. They cannot finance any industrial activity, agricultural activity, purchase or manufacture, and sale of immovable property.

History of NBFCs

In India late 1950s and early 1960s, various banks failed due to which a large number of ordinary depositors lost their deposits. At present, it has been noted by the Reserve Bank of India that deposit acceptance activities are being carried out by NBFCs. Although they were not as systemically important as banks, their regulation was initiated by the Reserve Bank of India as they were likely to cause harm to their depositors. Thus, after 1963 these institutions were regulated by the Reserve Bank of India.

In the early times, NBFCs were small organizations and did not exert much influence in the financial industry. But as their scope gradually increased, in December 1964, the Reserve Bank of India amended the RBI Act 1934 and introduced a new chapter to take NBFCs into effect.

The role of NBFCs was at its peak in 1992 after globalization and liberalization. These companies performed well even in the heavy recession of 2009 and today the revenue of NBFCs is more than the revenue of many banks.

Types of NBFCs?

In India, they are categorized by various criteria such as:

Based on liability:

Non-deposit acceptance (type 1): These NBFCs do not accept cash deposits. Which can further be divided into systemically important NBFCs and other NBFCs.

Deposit accepting NBFCs: These types of NBFCs do accept cash deposits.

Based on their business activities:

Credit and investment companies (such as loan companies, asset companies, and investment companies.)

Microfinance companies.

Mortgage guarantee company.

NBFC-NOFHC (Non-operative financial holding company)

Infrastructure debt fund.

Housing Finance companies.

What are the functions of Non-Banking Financial Companies (NBFCs)?

India’s financial sector is enormous. It comprises commercial banks. And the NBFCs offer various banking services without banking licenses, such as:

To give a loan or advance.

To lease or trade financing.

Asset management.

Trading money in market instruments.

Managing stock portfolios.

Investing in products.

retail finance

Hiring or Purchasing.

Investing money in insurance or chat business.

To make acquisitions in securities such as shares, bonds, mutual funds, debentures, and many more such instruments.

Role & Growth of NBFCs.

India’s capital market has seen significant ups and downs over the past few decades. As the trend of the people in the capital market has grown, the volume of transactions has also increased tremendously.

In such a situation, financial institutions like merchant banks, mutual funds and venture capital companies are the most important institutions that have grown very fast.

In addition, NBFCs often play a leading role in providing innovative financial services to the medium, small and micro industries that we know as MSMEs, best suited for their business needs.

We know that more than 60 per cent of India’s population comes from rural areas and people are not in direct contact with the bank due to a lack of education. NBFCs fill this gap. He takes all the facilities to the people’s homes and provides them with the necessary financial assistance.

Even if the bank cannot give loans to everyone, there may be some reasons behind this. The role of NBFCs also cannot be overlooked in providing assistance and guidance during emergencies which is why NBFCs can be the best option for you after the bank.

Impact of NBFCs on the Indian economy.

India’s economy has taken a long time to emerge since Corona. India’s development is founded on five pillars: economy, infrastructure, a technology-based system, vibrant demography, and demand.

We recognize the importance of NBFCs in the Indian economy. In the economy, NBFCs play a critical role in infrastructure, wealth management, and job creation while focusing on the poorest members of society.

Since the beginning of 2019, the NBFC sector has encountered numerous hurdles. The RBI recently introduced adjustments to the rules governing NBFC consumer loans. Some NBFCs’ licenses have also been revoked. This means that the Reserve Bank of India and the Indian Finance Ministry closely monitor NBFCs. However, considering the importance of NBFCs to the Indian economy, positivity must be maintained. With the future of NBFCs in mind, you may recall that it was decided to make India a $5 trillion economy by 2024.

The restrictions for NBFCs have recently been strengthened. NBFCs use cutting-edge technology to develop the most excellent and innovative goods.

In India, there are approximately 10,000 NBFCs, with thousands more being registered each year. In such a scenario, NBFCs are prepared to deploy artificial intelligence and machine learning techniques to assist lenders in assessing client sentiment and maintaining alternate credit rating models.

Conclusion

It can be concluded that NBFCs play a crucial role in the economy of India. Be it the banking sector, financial services or the insurance industry. Also, if we talk about the function of NBFC, it can be called the growth base for Indian Manufacturing and Infrastructure Development. Hope you got to learn something new from this article. Visit Us for NBFC Services such as NBFC Registration, NBFC Takeover, NBFC Compliances, and Virtual CFO.

[captainmaya12]

MFI’s Re-evaluate IPO Plans, After Desultory Reaction To Spandana IPO

Micro- Finance institutions(MFIs), is early trusting that the opportune time will dispatch their underlying open offering(IPO's). Luckily, "this space was made by Spandana Sphoothy which is deficient in Execution", said MFI's.

 The Hyderabad-based MFI's Rs 1,200-crore Initial public offering, which shut on August 7, was bought in simply 1.05 occasions. The principle purpose behind this presentation was uneven markets just as the absence of excitement from retail speculators, who bought into just 10 % of the portion saved for them. In the Up and coming scarcely any quarters, in any event two other MFI's, Muthooth Microfine and Arohan had arranged IPO's. So now they chose to hang tight for greater lucidity. Muthoot Microfine will intend to reveal the Initial public offering relying upon the market execution of the up and coming two months.

 As of now, it got endorsement warning from the SEBI (Protections and Trade Leading body Of India) for the Initial public offering, and the permit is substantial for one year. Indeed, prior to an Initial public offering arranged around January – February, however because of some lamentable state of the capital market, it delayed.

 "We will go to the Initial public offering in the following two months at whatever point the market circumstance improves", said Sayeed. Arohan has been mulling over an Initial public offering since a year ago, yet starting at now, it's hoping to augment capital through elective sources.

 The group is exceptionally amped up for documenting an application for an Initial public offering by Q4 this year. At present, we are inside doing a rejig of advertiser's holding which is set to increment from almost 33% to 38% in front of the Initial public offering. The returns will assist us with venturing into new geologies. The market isn't light now, and in a perfect world one needs to sit tight for greater dependability before going for an Initial public offering," said Manoj Kumar Nambiar, overseeing executive, Arohan. Presently, MFIs develop in size, past Rs 3,000 crore regarding credit extraordinary, many have been looking to go for an Initial public offering.

 A year ago, Credit Access Grameen got recorded on the trades. Aside from this, the Silk Creditcare System is the other recorded microfinance organization after IndusInd Bank procured Bharat Budgetary Consideration in June. After Bharat Money related, CreditAccess Grameen is the biggest MFI, trailed by Silk and Arohan, as indicated by information accessible with Microfinance Organization System (MFIN).