Muthoot Mircofin IPO allotment; check details, allotment link

22 Dec 2023 , 10:08 AM

The share allotment status for Muthoot Microfin IPO has been announced on December 21. Investors can check their allotment status through the BSE website or the official registrar’s website, KFin Technologies Limited. Here are the key details:

1. Allotment Declaration Date: The share allotment status for Muthoot Microfin IPO was declared on December 21.
2. Subscription Details: The Rs 960-crore IPO received strong investor interest, with a subscription of 11.52 times on the final day. The issue attracted over 28.09 crore share bids against the issue size of 2,43,87,447 shares.
3. Category-wise Subscription:
   • Retail Individual Investors (RIIs): Subscribed 7.61 times.
   • Non-Institutional Investors (NIIs): Subscribed 13.20 times.
   • Qualified Institutional Buyers (QIBs): Subscribed 17.47 times.

Utilization of Proceeds: As per the Draft Red Herring Prospectus (DRHP), the net proceeds from the IPO will be utilized to augment the company’s capital base.

Book Running Lead Managers: ICICI Securities, Axis Capital, JM Financial, and SBI Capital Markets are the book running lead managers to the issue.