IPO : Muthoot Microfin Limited
Muthoot Microfin Limited IPO
| SYMBOL | MML |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Monday, December 18, 2023 |
| ISSUE CLOSES ON | Wednesday, December 20, 2023 |
| ISSUE PRICE | ₹277 to ₹291 per share |
| ISSUE SIZE | Up to Rs.960.00 Crores |
| FACE VALUE | Rs.10 per share |
Muthoot Microfin IPO is a book built issue of Rs 960.00 crores. The issue is a combination of fresh issue of 2.61 crore shares aggregating to Rs 760.00 crores and offer for sale of 0.69 crore shares aggregating to Rs 200.00 crores.
Thank you for reading this post, don't forget to subscribe!Muthoot Microfin IPO is open for subscription on December 18, 2023 and close today December 20, 2023. The allotment for the Muthoot Microfin IPO is expected to be finalized on Thursday, December 21, 2023. Muthoot Microfin IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 26, 2023.
| MINIMUM BID | 51 shares |
| MINIMUM AMOUNT | Rs.14,841 |
| MAXIMUM BID | 663 shares |
| MAXIMUM AMOUNT | Rs.192,933 |
| PROMOTER HOLDING | 55.47% (Post-issue) |
| LISTING DATE | Tuesday, December 26, 2023 |
| LISTING AT | BSE, NSE |
Muthoot Microfin IPO price band is set at ₹277 to ₹291 per share. The minimum lot size for an application is 51 Shares. The minimum amount of investment required by retail investors is ₹14,841. The minimum lot size investment for sNII is 14 lots (714 shares), amounting to ₹207,774, and for bNII, it is 68 lots (3,468 shares), amounting to ₹1,009,188.
Objects of the Issue (Muthoot Microfin IPO Objectives)
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting the capital base to meet future capital requirements. The main objects and objects incidental and ancillary to the main objects set out in the Memorandum of Association enable the company:
(i) to undertake our existing business activities, and (ii) to undertake the activities proposed to be funded from the Net Proceeds. Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, including enhancing the brand image among existing and potential customers and creating a public market for the Equity Shares in India.
For Existing Clients : https://gudwil.in/IPO
Open an account : https://gudwil.in/smart
Further any clarification, feel free to contact your Branch / Relationship Manager.For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999
Warm Regards,
Team GoodwillDISCLAIMER : Investments in the securities market are subject to market risk. Read all the related documents carefully before investing. The data and information herein provided are believed to be reliable, but Goodwill Wealth Management Pvt. Ltd., does not warrant its accuracy or completeness. Goodwill Wealth Management Pvt. Ltd., or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading on the basis of technical is high risk and skill-oriented venture and may result in huge losses also. Traders doing so are doing at their own risk. We are not responsible for any damages. Note: The material is being provided to you for educational purposes only and does not constitute investment advice; returns mentioned herein are in no way a guarantee or promise of future returns. See Disclaimer, Privacy Policy @ https://gwcindia.in/Disclaimer