Monday, 18 April 2011

Muthoot Finance Issues IPO

Muthoot Finance, a Non Banking Finance Company (NBFC) issues it’s Initial Public Offering (IPO) which aims to accumulate around Rs. 900 crore through 5.15 crore equity shares with a face value of Rs. 10. This IPO is a book building IPO with a price band of Rs. 160-175 per share. The issue of IPO is already opened today and will be closed on 21st April, 2011.  The minimum bid size is 40 shares.

Out of 5.15 equity shares 2.575 crore equity shares are allocated to Qualified Institutional buyers (QIB), 1.8025 core equity share for retail investors and the remaining 0.7725 crore shares for non institutional investors.

The Book Running Lead Managers (BRLMs) are ICICI Securities Ltd, Kotak Mahindra Capital Company Ltd and HDFC Bank Ltd and the Registrar for the IPO is Link Intime India Private Ltd. The shares will be listed in BSE and NSE and the bankers to the issue are IDBI Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, Indusind Bank Ltd, Kotak Mahindra Bank Ltd and Yes Bank Ltd.

Related Posts
Options trading and futures trading
Stock trading and commodity trading are best ways to make money easily. It is not a quick rich program. But an experienced person can make a lot of money from these trades. Futures trading and options trading are two methods … Continue reading ?

Tax Saving Investments, handle with care
Most of the tax payers joining life insurance policy for saving tax other than protect their families from the financial crisis which may happened in the event of any untimely death of the person. A good portion of insurers seek … Continue reading ?

Sudar Garments Ltd issues IPO
Sudar Garments Ltd is a leading manufacturer and exporter of garments such as Shirts, Trousers and wide range of Apparels. The company is established in 2002. It has a large manufacturing set ups in Maharashtra and now the products are … Continue reading ?

Invest in Shares of strong Companies for a long time
I hope that you are aware about stock and stock market. From stock market you can purchase the shares of different companies and also can sell it off in the same stock market or another. Shares are small units of … Continue reading ?

Equity Linked Saving Scheme is the best tax saving option
Income Tax payers are interested to invest in Tax Saving Schemes. Investment experts are also saying to invest in tax saving schemes. As we aware that when we invest in tax saving schemes, we can save our tax up to … Continue reading ?


Tata steel is in Tata Group of Companies earlier named TISCO and Tata Iron and Steel Company Limited and the largest steel producers in India (5th Largest steel producer in the world) and also the largest steel producing company in … Continue reading ?

3 comments :

  1. [...] the rest here:  Muthoot Finance Issues IPO | Investment And Money Matters Bookmark It Hide Sites $$('div.d34559').each( function(e) { [...]

    ReplyDelete
  2. [...] as on March 31, 2011, comprised 47 lakh loan accounts serviced through 2,733 branches. The Company (Muthoot Finance Limited) plans to collect Rs. 500 crore through this NCD and w ill be utilised for various [...]

    ReplyDelete
  3. TARAK BONDYOPADHYAY18 August 2012 at 08:05

    My self is Central Govt. employee and I would like to invest a sum of Rs. 12,00,000/- in your finance company to make my money double. What is the hidden factors and also what the tax corner which I may need to pay after maturity. Can I get any tax relief in money double in 5.5 years scheme. What is the tax pay status if the entire amount of Rs. 12,00,000/- invested for money double scheme by a senior citizen scheme. If TDS has to paid, intimate the specific amount to be paid to the tax authority as TDS.

    ReplyDelete