The IPO was oversubscribed 11.5 times, according to stock exchange data. The qualified institutional buyer category was subscribed 17.5 times, the non-institutional investors part received 13.3 times subscription while the retail investors part witnessed 7.6 times subscription.
Muthoot Microfin IPO GMP: At 11:15 am, the issue attracted bids for 3,33,38,445 shares or 1.37 times the issue size of 2,43,87,447 shares. The quota reserved for retail individual investors (RIIs) was subscribed 2.30 times. The issue was subscribed to 99% in the NII category. There were no bids from qualified institutional buyers so far.
The IPO comprises a fresh issue of Rs 760 crore and an offer-for-sale (OFS) of Rs 200 crore. Under the OFS, promoters Thomas John Muthoot, George Muthoot, Preethi John Muthoot, Remmy Thomas, and investor Greater Pacific Capital will offload shares.