muthoot microfin ipo issue size

IPO Watch: Muthoot Microfin raises Rs 285 crore via pre-IPO placement to 26 investors

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IPO Watch: Muthoot Microfin raises Rs 285 crore via pre-IPO placement to 26 investors

Muthoot Microfin has raised Rs 285 crore by selling part stake to anchor investors in the pre-IPO placement. The company has allocated 97,93,812 shares to 26 anchor investors. These include foreign portfolio investors like Morgan Stanley, Societe Generale, Copthall Mauritius Investment. Among domestic institutional investors, a string of insurance companies, including ICICI Prudential Life Insurance, … Read more

Muthoot Microfin IPO offers access to microfinance activities at a reasonable valuation

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Muthoot Microfin IPO offers access to microfinance activities at a reasonable valuation

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