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Muthoot Finance Ltd IPO

Incorporated in 1997, Muthoot Finance Ltd is the Kerala - based largest gold financing company in India in terms of loan portfolio. Muthoot Finance provides personal and business loans secured by gold jewellery, or Gold Loans. They have 1605 branches across 20 states and two union territories in India. Muthoot Finance provides personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements. The company intends to utilize proceeds of the IPO to augment its capital base to meet its future capital requirements to provide for funding of loans to its customers and general corporate purposes.

Mirroring a strong investor appetite, the initial public offer (IPO) of country's largest gold financing company Muthoot Finance got over subscribed 11.02 times on the third day of issue

Muthoot Finance Ltd IPO Grading
CRISIL has assigned an IPO Grade 4 to Muthoot Finance Ltd IPO. This means as per CRISIL, company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. 

Company Promoters:
1. M.G. George Muthoot;
2. George Thomas Muthoot;
3. George Jacob Muthoot; and
4. George Alexander Muthoot

Issue Details

Issue Open: Apr 18, 2011 - Apr 21, 2011 
Issue Type: 100% Book Built Issue IPO 
Issue Size: 51,500,000 Equity Shares of Rs. 10 
Issue Size: Rs. 824.00 - 901.25 Crore 
Face Value: Rs. 10 Per Equity Share 
Issue Price: Rs. 160 - Rs. 175 Per Equity Share 
Market Lot: 40 Shares 
Minimum Order Quantity: 40 Shares 
Listing At: BSE, NSE

IPO Subscription Detail / IPO Oversubscription Details / IPO Bidding Status:

Number of Times Issue is Subscribed (BSE + NSE)
Date & Time
Non Institutional Investors (NIIs)
Retail Individual Investors (RIIs)
  Shares Offered / Reserved  18,025,000   7,725,000   18,025,000   43,775,000
  Day 1 - Apr 18, 2011   0.2600  0.0200  0.1200  0.1600
  Day 2 - Apr 19, 2011   0.3100  0.2100  0.4600  0.3500
  Day 3 - Apr 20, 2011  25.0100  0.9800  1.3400  11.0200
  Day 4 - Apr 21, 2011  25.0100  60.9400  8.5000  24.5500



Muthoot Finance Ltd IPO Allotment Status


Muthoot Finance Ltd IPO Basis Of Allotment



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