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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. ....
IPO screener: Muthoot Microfin issue subscribed 0.83 times - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
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. ....