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.

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  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 [...]

  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.