Muthoot Finance IPO oversubscribed 24.55 times - Indian IPO Blog

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Thursday, April 21, 2011

Muthoot Finance IPO oversubscribed 24.55 times

Muthoot Finance Limited IPO has received a wonderful response from investors with the IPO getting subscribed 24.55 times on an overall basis with bids received for 1,07,46,26,600 Equity Shares as against the Total Issue Size of 4,37,75,000 Equity Shares. The QIB portion of the issue was oversubscribed by 25.01 times on Wednesday, April 20, 2011 when the IPO closed for subscription for the QIB Investors

The subscription in the HNI Category saw a big leap today, being the closing day of the IPO, with HNI category getting overbid by 60.94 times. Retail Investors have also showed keen interest in the IPO, although the oversubscription did not cross 10 times as speculated by many, with Retail category getting overbid by 8.50 times

Muthoot Finance is the Kerala-based largest gold financing company in India in terms of loan portfolio provides personal and business loans secured by Gold Jewellery, or Gold Loans

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