Subscription status for the Muthoot Microfin IPO: Within minutes of opening on day 2, the IPO was fully subscribed. As of 10:42 IST, the subscription status for the Muthoot Microfin IPO was 1.17 times.
Even though it didn’t have a full subscription on day one, the Muthoot Microfin IPO persevered. By the end of the first day, 83% of subscribers had signed up for the Muthoot Microfin IPO. The Muthoot IPO’s retail and non-institutional investors (NIIs) segment progressively received responses, while the employee and retail segments were completely reserved.
The Muthoot Microfin Initial Public Offering (IPO) will close on Wednesday, December 20, with subscriptions closing on Monday, December 18.
According to BSE data, bids for 2,85,57,807 shares have been received for the Muthoot IPO, out of the 2,43,87,447 shares that are being offered.
The retail investors’ portion of the Muthoot Microfin IPO received bids for 2,37,15,816 shares, compared to the 1,20,03,610 shares that were offered for this segment.
In the Muthoot IPO, bids were received for 41,62,620 shares, out of the 51,44,404 shares that were offered to non-institutional investors.
Bids were received for 9,792 shares of the 68,59,205 shares that were offered for the QIBs portion of the Muthoot Microfin IPO.
Bids were received for 6,69,579 shares of the 3,80,228 shares that were offered for the employee portion of the Muthoot IPO.
Details of Muthoot Microfin's IPO
The Muthoot Microfin Limited initial public offering (IPO) consists of a new share offering up to ₹760 crore and an offer for sale (OFS) of equity shares with a face value of ₹10 each, made by a promoter and others, totaling up to ₹200 crore, as per the red herring prospectus (RHP). The IPO valuation of Muthoot Microfin Limited is ₹960 crore.
According to RHP, the promoters selling shares are Thomas John Muthoot (up to ₹16.36 crore), Thomas Muthoot (up to ₹16.38 crore), Thomas George Muthoot (up to ₹16.36 crore), Preethi John Muthoot (up to ₹33.74 crore), Remmy Thomas (up to ₹33.3 crore), Nina George (up to ₹33.76 crore), and investor selling shareholders is Greater Pacific Capital WIV Ltd (up to ₹50 crore).
The business plans to expand its capital base to
