The shares of Muthoot Microfin were listed at a discount of 5% on the exchanges on Tuesday. The shares fell further 4% post the debut and are currently down nearly 9% over the IPO price. The dull listing can be attributed to the absence of uniqueness in the company’s business model. Analysts said a series … Read more
Muthoot Microfin listing: The shares of Muthoot Microfin will likely get listed on the exchanges on December 26. Ahead of the listing, the company’s shares are commanding a premium of Rs 26 in the unlisted market.Considering the upper price band of Rs 291, the company’s shares are expected to list with a mild premium of … Read more
Muthoot Microfin IPO, with an initial public offering size of Rs 960 crore, witnessed a subscription of 11.52 on the final day, surging from the 2.83 times recorded on Tuesday. According to NSE data, the Rs 960 crore IPO received bids for 28,09,80,216 shares, surpassing the 2,43,87,447 shares offered.The Qualified Institutional Buyers (QIBs) category for … Read more
Muthoot Microfin, which provides income generating loans to joint liability groups, plans to raise Rs 760 crore through a fresh issue of equity to augment the capital base and another Rs 200 crore through an offer for sale. The promoter group’s stake will drop to 55.5% after the IPO from 69%. The company is the … Read more