Country's largest gold financing company Muthoot Finance's initial public offering, which closes today, has received good response from investors, especially qualified institutional buyers.
In an interview with CNBC-TV18, George Alexander Muthoot, MD, Muthoot Finance says, the QIB subscriptions have come upto 25 times the issue. Also read: Muthoot Finance to outpace industry growth, says P Lilladher Below is a verbatim transcript of his interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying video. Q: Just walk us through what the QIB response was and who the key institutions were that subscribed to your issue? A: The QIB subscriptions have come upto 25 times the issue and good marquee names have come for this. The names of the investors are Baring India, Goldman Sachs, State Bank of India (SBI), Bajaj Allianz and we have a host of others, to my knowledge, about 25 other companies. Q: What about the non-QIP book, what kind of signals are you getting on high-networth individual (HNI) and retail so far? A: HNI has also been looking very good.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
