Muthoot Finance IPO receives 16% subscription on opening day - Indian IPO Blog

Indian IPO Blog

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Tuesday, April 19, 2011

Muthoot Finance IPO receives 16% subscription on opening day

Muthoot Finance IPO has been subscribed 0.16 times or 16% on Monday, April 18, 2011, the opening day of the IPO. The IPO has received bids for 7100520 Equity Shares as against 43775000 Equity Shares being the Total Issue Size

The bids received from the category of Retail Individual Investors (RIIs) are for 2220200 Equity Shares as against 18025000 Equity Shares reserved for the category, thus taking the subscription in the category to close to around 12%. Of the bids received in the category, bids for 1247440 Equity Shares are received at Cut-off Price, and bids for 972760 Equity Shares are Price Bids

The response from the QIB Category on Day 1 also deserves a mention with the category being subscribed 0.26 times. Muthoot Finance IPO would close for subscription for QIB Investors on Wednesday, April 20, 2011

Click here for category-wise subscription status of Muthoot Finance IPO on Day 1

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