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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. ....
The Rs 960 crore initial public offering (IPO) of Muthoot Microfin is set to kick off on Monday, December 18, which comprises of a fresh share sale of Rs 760 crore. ....
The microfinance firm aims to augment its capital base through the proceeds from the initial public offering. As per the RBI regulations, microfinance institutions are required to maintain a minimum capital adequacy of 15% consisting of tier-I capital and tier-II capital. ....
This week will experience about 12 IPOs commencement. Continue reading to find out the details of the Initial Public Offerings launching this week. ....