Muthoot Microfin sold its IPO in the price band of Rs 277-291 per share with a lot size of 51 shares, which was open for bidding between December 18 to December 20.
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.
The Kochi-based microfinance institution recorded a 246 percent on-year growth in net profit at Rs 163.9 crore for the year ended March 2023 and revenue during the same period increased by 71.6 percent to Rs 1,428.8 crore.