New Delhi: The Initial public providing (IPO) of Muthoot Microfin Limited will open on December 18, 2023. The Company plans to boost funds by way of preliminary public providing with complete supply dimension aggregating to Rs 960 crore.
Muthoot Microfin Limited has set the Price Band of the Offer at Rs 277 to Rs 291 per Equity Share with face worth of Rs 10.
The supply on the market includes of Equity Shares by Thomas John Muthoot aggregating to Rs 16.36 crore, by Thomas Muthoot aggregating to Rs 16.38 crore, by Thomas George Muthoot aggregating to Rs 16.36 crore, by Preethi John Muthoot aggregating to Rs 33.74 crore, by Remmy Thomas aggregating to Rs 33.39 crore, by Nina George aggregating to Rs 33.77 crore, by Greater Pacific Capital WIV Ltd aggregating to Rs 50 crore.
Key Things To Know About Muthoot Microfin Limited IPO
The Anchor Investor Bidding Date shall be Friday, December 15, 2023. The Offer will open for subscription on Monday, December 18 and can shut on Wednesday, December 20, 2023.
The complete supply dimension includes of recent difficulty of Equity Shares aggregating to Rs 760 crore and supply of Equity Shares aggregating to Rs 200 crore by the promoting shareholders.
The Company proposes to make the most of the Net Proceeds from the Fresh Issue in the direction of augmenting its capital base to fulfill future capital necessities.
Bids may be made for no less than 51 Equity Shares and in multiples of 51 Equity Shares thereafter.
5% of the Net QIB Portion shall be obtainable for allocation on a proportionate foundation solely to Mutual Funds and the rest of the Net QIB Portion shall be obtainable for allocation on a proportionate foundation to all QIB Bidders (aside from Anchor Investors) together with Mutual Funds, topic to legitimate Bids being acquired at or above the Offer Price.
However, if the mixture demand from Mutual Funds is lower than 5% of the QIB Portion, the stability Equity Shares obtainable for allocation within the Mutual Fund Portion will probably be added to the remaining QIB Portion for proportionate allocation to QIBs.
ICICI Securities Limited, Axis Capital Limited, JM Financial Limited and SBI Capital Markets Limited are the guide working lead managers to the Offer.
Source: zeenews.india.com
