Muthoot Microfin IPO: Investors spent money like water on this IPO, know what is the signal from GMP
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Muthoot Microfin IPO: A big fall was seen in the Indian stock market on the third trading day of the week. Investors lost thousands of crores of rupees. But, Muthoot Microfin’s IPO closed on a high note. There was a commotion in the market regarding this IPO. On the last day, every category including retail was oversubscribed. The highest subscription in the IPO was in the QIB category at 18.49 percent. NII category was subscribed 13.87 times. the company has IPO 2,28,52,234 shares were offered, whereas, bids were made for 28,10,02,809 shares in the market. The Muthoot Microfin IPO was opened for subscription on Monday, December 18. The price band of the IPO has been fixed at ₹277 to ₹291 per equity share. The company raised ₹284.99 crore from anchor investors on Friday, December 15. The lot size of Muthoot IPO is 51 equity shares and thereafter bids can be placed in multiples of 51 equity shares.
How many bids were placed in which category?
Muthoot Microfin Limited IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIBs), not less than 15% for non-institutional investors (NIIs), and not less than 35% of the offer. Are. Reserved for retail investors. A discount of ₹14 per equity share is being offered to eligible employees bidding in the employee reservation portion. On the third day, the retail investors’ portion of the Muthoot Microfin IPO was subscribed 7.61 times, the NII portion 13.20 times and the QIB portion 17.47 times. The employee share has been booked 4.95 times. According to BSE data, Muthoot IPO received bids for 28,10,02,758 shares against 2,43,87,447 shares on offer. On the part of retail investors, bids were received for 9,13,90,674 shares against 1,20,03,610 shares on offer for this section. The non-institutional investors portion of the Muthoot IPO received bids for 6,79,16,190 shares against 51,44,404 shares on offer for this section. The QIB portion of the Muthoot Microfin IPO received bids for 11,98,12,923 shares as against 68,59,205 shares on offer for this segment. The employee portion of the Muthoot IPO received bids for 18,82,971 shares against 3,80,228 shares on offer for this section.
Muthoot Microfin IPO Details
According to Red Herring, the Muthoot Microfin Ltd IPO comprises a fresh issue of shares worth up to ₹760 crore and an offer for sale (OFS) of equity shares with face value of ₹10 each by a promoter and others, aggregating to ₹200 crore. Till then. The IPO size of Muthoot Microfin Limited is ₹960 crore. Thomas John Muthoot (up to ₹16.36 crore), Thomas Muthoot (up to ₹16.38 crore), Thomas George Muthoot (up to ₹16.36 crore), Preeti John Muthoot (up to ₹33.74 crore), Remy Thomas (up to ₹33.3 crore), Neena George (up to ₹33.76 crore), and according to RHP the selling shareholder is Greater Pacific Capital WIV Ltd (up to ₹50 crore). The company intends to increase its capital base to meet future capital requirements by using the net proceeds from the fresh issue. The book running lead managers of Muthoot Microfin IPO are ICICI Securities Limited, Axis Capital Limited, JM Financial Limited and SBI Capital Markets Limited. The registrar of the issue is Kfin Technologies Limited.
muthoot ipo dates
Tentatively, Muthoot Microfin IPO basis of allotment of shares will be finalized on Thursday, December 21 and the company will initiate refunds on Friday, December 22. Whereas the shares will be credited to the demat account of the allottees on the same day after refund. Muthoot IPO share price is likely to be listed on BSE and NSE on Tuesday, December 26. Given that T+3 listing is mandatory by December 1, 2023, Muthoot Microfin Ltd. IPO will be listed on the primary markets this month under this norm.
How to check allotment status on registered portal
Go to the registered portal. After clicking on the available link, you will see five links where the status can be checked.
By clicking on one of the links, select Motisons Jewelers from the dropdown menu in the IPO section.
Select any one of the three options to check allotment status, i.e. Application Number, Demat Account or PAN.
If you have chosen the first option, type the application number and captcha code, then click on ‘Submit’.
If you have opted to check status through Demat account number, type it and enter the captcha code before clicking on ‘Submit’.
For the third option, enter your PAN number and type the captcha code. Click on ‘Submit’.
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