Muthoot Microfin listing: The shares of Muthoot Microfin will likely get listed on the exchanges on December 26. Ahead of the listing, the company’s shares are commanding a premium of Rs 26 in the unlisted market.Considering the upper price band of Rs 291, the company’s shares are expected to list with a mild premium of … Read more
Muthoot Microfin has raised Rs 285 crore by selling part stake to anchor investors in the pre-IPO placement. The company has allocated 97,93,812 shares to 26 anchor investors. These include foreign portfolio investors like Morgan Stanley, Societe Generale, Copthall Mauritius Investment. Among domestic institutional investors, a string of insurance companies, including ICICI Prudential Life Insurance, … Read more
Muthoot Fincorp arm Muthoot Microfin has received a final observation letter from capital markets regulator Sebi to raise funds through IPO.The company, in which Muthoot Fincorp holds a majority stake, refiled its draft IPO papers in July this year.The company plans to raise Rs 1,350 crore through the public offer, which includes a fresh equity … Read more