Muthoot Finance IPO open for subscription

The Initial Public Offering (IPO) of Muthoot Finance Limited opened for subscription by investors on April 18, 2011. The company has come out with IPO of 51,500,000 Equity Shares of Rs. 10/- each (including Anchor Portion of 7,725,000 equity shares) for cash at a price band of Rs.160 to Rs.175 through 100% book building process.

The Minimum Order Quantity is 40 Equity Shares and in multiples of 40 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.200000.

The Rating agencies CRISIL and ICRA have assinged IPO Grading of IPO GRADE 4.

The Book Running Lead Managers to the issue are ICICI Securities Limited and Kotak Mahindra Capital Company Limited. HDFC Bank Limited is the Co Book Running Lead Manager to the IPO. HDFC Securities Limited, Kotak Securities Limited and Geojit BNP Paribas Financial Services Limited are the Syndicate Members to the issue.

Link Intime India Private Limited is the registrar to the company.

The IPO closes for subscription by investors on Apr 21, 2011. For QIB bidders Issue closes on Apr 20, 2011.

Source : Equity Bulls

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