Venture Intelligence (TSJ Media Pvt. Ltd.)
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Muthoot Microfin's Rs.960-Cr IPO subscribed 11.5 times
The INR 960-crore IPO of Muthoot Microfin, the microfinance subsidiary of the Muthoot Pappachan Group, was oversubscribed 11.5 times. The qualified institutional buyer (QIB) category was subscribed 17.5 times, the non-institutional investors (NII) part received 13.3 times subscription while the retail investors part witnessed 7.6 times subscription. The IPO with a price band of INR 277 to INR 291 per equity share comprised a fresh issue aggregating to INR 760 crore and an offer-for-sale (OFS) aggregating to INR 200 crore by the selling shareholders. The NBFC-MFI had earlier raised INR 285 crore from anchor investors.
From the Venture Intelligence PE-VC Deal Database: Between Dec-16 and Sep-22, Muthoot Microfin had raised over USD 83 M from Greater Pacific Capital and Creation Investments. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.