Muthoot Microfin IPO Oversubscribed 5.23 Times on Final Day So Far

20 Dec 2023 , 01:31 AM

The Muthoot Microfin IPO, valued at Rs 960 crore, received overwhelming response from investors, garnering a subscription of 5.23 times on the final day, around 1:30 PM. Click here to subscribe the IPO.

The data available on the BSE showed over 12.79 crore share bids against the issue size of 2,43,87,447 shares. The retail individual investors (RIIs) category was subscribed 6.08 times, while the non-institutional investors (NIIs) category witnessed a subscription of 8.05 times. The qualified institutional buyers’ (QIB) portion was subscribed 1.76 times.

The price band for the offer, which closed on December 20, was set at Rs 277-291 per share.

Muthoot Microfin aimed to raise Rs 960 crore from the IPO, which included a fresh issue of 2.61 crore shares worth Rs 760 crore and an offer-for-sale of 0.69 crore shares worth Rs 200 crore by existing shareholders. This included investor Greater Pacific Capital WIV, selling shares worth Rs 50 crore. The remaining shares, valued at Rs 150 crore, were sold by promoters Thomas John Muthoot, Thomas Muthoot, Thomas George Muthoot, Preethi John Muthoot, Remmy Thomas, and Nina George.