Muthoot Microfin is into Financial Services Microfinance and is looking raise funds through Fresh Issue and Offer For Sale
Muthoot Microfin IPO Update:
Muthoot Microfin Limited IPO: Ernakulam based Muthoot Microfin Limited established in the year 1992 and is into Financial Services - Microfinance sector.
Company is promoted by Thomas John Muthoot, Thomas Muthoot, Thomas George Muthoot, Preethi John Muthoot, Remmy Thomas, Nina George and Muthoot Fincorp Ltd. Pre-Offer Promoter and Promoter group stake in the company is 69.08%.
Muthoot Microfin Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR Crores calculated on upper price band (face value of INR 10 per share) via initial public offering.
Initial Public Offer comprising of a Fresh Issue aggregating up to Rs. 950 crores and an Offer for Sale of Equity Shares up to Rs400 crores. Axis Capital, ICICI Securities, JM Financial, SBI Capital Markets have been appointed as lead merchant bankers for the proposed IPO. It has appointed Kfin Technologies Ltd. as Registrar and Share transfer Agent.
Details about upcoming IPO:
As per the details available in RHP, Price band is Rs 277 to Rs 291 with lot size of 51 shares and in multiples thereof. Objects of the issue is Augmenting the capital base to meet future capital requirements..
IPO Dates:
IPO will open on December 18, 2023 and close on December 18, 2023. Tentative date of listing on stock exchanges is December 26, 2023
Want to know more details about the IPO, please visit here Muthoot Microfin Limited
Source: SEBI, BSE, NSE, DRHP, Muthoot Microfin, Industry Data
Disclaimer: Above article only publishes details about the IPO and for educational purpose only. It doesn't solicit or invite any interest to invest in any kind of securities. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
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