Muthoot Finance IPO : CRISIL gives 4 out of 5 Grade

by khalid on 09/03/2011 · 2 comments

Muthoot Finance IPO has got 4 out of 5 by CRISIL (rating agency) and this rating/grading is Above Average fundamentals for a NBFC company IPO. The grade 4 indicates that the fundamentals of the IPO are Above Average compared to the other listed securities in India. The company is entering into primary market with an Initial Public Offer (IPO) of 5.15 crore Equity Shares of Rs 10 each. The premium of the issue will be decided through a 100% Book Building Process. The company will raise around Rs 800 crore through this IPO. Kerala-based firm Muthoot Finance is the largest gold financing company in India in terms of loan. The company claims to disburse Gold Loan in 5 minutes.

Promoters are going to divest 13.85% stake in the company through this IPO.

Stay tuned to BelltheBull Blog for more news on Muthoot Finance IPO !

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