Muthoot Finance , the non-banking finance company engaged in gold loan business, is going to list its equity shares on exchanges on Friday, May 6. It has fixed the issue price at higher end of price band of Rs 160-175 a share.
The company raised Rs 901.25 crore through the issue of 5.15 crore equity shares, which will be mainly used for augmenting capital base to meet future capital requirements to provide for funding of loans to customers.
Public issue received 2,65,018 applicants for 1,07,88,95,200 equity shares, resulting in 20.95 times subscription, as per basis of allotment published in newspapers.
The reserved portion of NIIs subscribed around 60.72 times. Retail investors' portion of 1.8 crore shares has seen bids for 15.18 crore shares - subscribed over 8.42 times.
Qualified institutional investors' reserved portion saw subscription of 24.91 times.
