Muthoot Finance IPO : Subscribed 0.35 times on Day 2

by khalid on 19/04/2011 · 0 comments

The IPO of Muthoot Finance Limited has received a very little response from the investors with the 2nd day subscription figure reached to just 0.35 times on an overall basis. Muthoot Finance IPO is open on 18th Apr 2011 and will get closed on 21st Apr 2011 for subscription. The IPO has managed to get some response from Retail Individual Investors Category where it overbid by 0.46 times on the 2nd day of subscription. The price band for the issue is Rs 160 at lower level and Rs 175 at upper level. 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.

The category-wise subscription status of IPO on closing of 2nd day is given below:-

Qualified Institutional Buyers (QIBs) : 0.31 times
Non Institutional Investors : 0.21 times
Retail Individual Investors : 0.46 times
Overall : 0.35 times

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Book Running Lead Managers (BRLM) to the offer are HDFC Bank Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited.

Registrar of the Issue : Link Intime India Private Limited Mumbai.

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

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