Muthoot Microfin Limited IPO Set to Open on December 18

Muthoot Microfin IPO to Raise ₹960 Crore

Sadaf Sayeed, Chief Executive Officer, Muthoot Microfin Limited
Thomas John Muthoot, Group Chairman, Muthoot Pappachan Group, Thomas Muthoot, Managing Director, Muthoot Microfin Limited, Praveen T., Chief Financial Officer, Muthoot Microfin Limited addressing the gathering at the IPO Conference.

Sadaf Sayeed, Chief Executive Officer, Muthoot Microfin Limited Thomas John Muthoot, Group Chairman, Muthoot Pappachan Group, Thomas Muthoot, Managing Director, Muthoot Microfin Limited, Praveen T., Chief Financial Officer, Muthoot Microfin Limited addressing the gathering at the IPO Conference.

Published on:

13 Dec 2023, 1:50 pm

Mumbai | Muthoot Microfin Limited is gearing up for its Initial Public Offering (IPO) of Equity Shares valued at ₹10 each. The IPO is scheduled to commence on Monday, December 18, 2023, and will conclude on Wednesday, December 20, 2023. The Anchor Investor Bidding Date is set for Friday, December 15, 2023.

Here are the key details:

Price Band: ₹277 to ₹291 per Equity Share
Bidding Period: December 18-20, 2023
Anchor Investor Bidding Date: December 15, 2023
Minimum Bid: 51 Equity Shares, in multiples of 51 thereafter

The company aims to raise ₹9,600 million (₹960 crore), with ₹7,600 million (₹760 crore) from the fresh issue of Equity Shares and ₹2,000 million (₹200 crore) from the selling shareholders. The funds will be utilized to enhance the capital base for future requirements.

The IPO includes an offer for sale by various shareholders, with ICICI Securities Limited, Axis Capital Limited, JM Financial Limited, and SBI Capital Markets Limited serving as the book running lead managers. The Equity Shares will be listed on BSE Limited and National Stock Exchange of India Limited.

Investors are urged to refer to the Red Herring Prospectus (RHP) for detailed information, available on SEBI's website and the company's official website. Notably, the IPO is not available for public offering in the United States.

muthoot microfin

Latest News

No stories found.

Related Stories

No stories found.

Metrovaartha- En

english.metrovaartha.com

var localStore=window.localStorage?window.localStorage.getItem("pwa_event_date"):null;var pwaEventDate=localStore?localStore:null;var pwaDiff=pwaEventDate?Math.abs(getDiffInDays(pwaEventDate,new Date())):-1;var deferredPrompt;document.getElementById('close-dialog').addEventListener("click",closeDialog);window.addEventListener('beforeinstallprompt',function(e){e.preventDefault();deferredPrompt=e;if((pwaDiff===-1)||(pwaDiff>2)&&deferredPrompt){window.localStorage.setItem("pwa_event_date",new Date());pwaEventDate=pwaEventDate?pwaEventDate:new Date();pwaDiff=Math.abs(getDiffInDays(pwaEventDate,new Date()));document.getElementById('sw-wrapper').style.display='flex';document.getElementById('service-worker-popup').addEventListener("click",addToHomeScreen)}});function getDiffInDays(date1,date2){var dt1=new Date(date1);var dt2=new Date(date2);return Math.floor((Date.UTC(dt2.getFullYear(),dt2.getMonth(),dt2.getDate())-Date.UTC(dt1.getFullYear(),dt1.getMonth(),dt1.getDate()))/(1000*60*60*24))} function closeDialog(){document.getElementById('sw-wrapper').style.display='none';window.localStorage.setItem("pwa_event_date",new Date())} function addToHomeScreen(){document.getElementById('sw-wrapper').style.display='none';deferredPrompt.prompt();deferredPrompt.userChoice.then(function(choiceResult){ga('send','event','A2H',choiceResult.outcome);if(choiceResult.outcome==='accepted'){window.localStorage.removeItem("pwa_event_date")}else{window.localStorage.setItem("pwa_event_date",new Date())} deferredPrompt=null})} (function(){function c(){var b=a.contentDocument||a.contentWindow.document;if(b){var d=b.createElement('script');d.innerHTML="window.__CF$cv$params={r:'8c430f20eab76a4c',t:'MTcyNjUxMjgwNC4wMDAwMDA='};var a=document.createElement('script');a.nonce='';a.src='/cdn-cgi/challenge-platform/scripts/jsd/main.js';document.getElementsByTagName('head')[0].appendChild(a);";b.getElementsByTagName('head')[0].appendChild(d)}}if(document.body){var a=document.createElement('iframe');a.height=1;a.width=1;a.style.position='absolute';a.style.top=0;a.style.left=0;a.style.border='none';a.style.visibility='hidden';document.body.appendChild(a);if('loading'!==document.readyState)c();else if(window.addEventListener)document.addEventListener('DOMContentLoaded',c);else{var e=document.onreadystatechange||function(){};document.onreadystatechange=function(b){e(b);'loading'!==document.readyState&&(document.onreadystatechange=e,c())}}}})();