Muthoot Microfin share price Highlights: Shares open weak on debut on BSE, NSE
Muthoot Microfin share price Highlights: Muthoot Microfin IPO price has been listed on the stock exchanges today.
Muthoot Microfin share price Highlights: Muthoot Microfin's ₹960 crore-initial public offering (IPO) made a weak debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). ...Read More
“Trading Members of the Exchange are hereby informed that effective from Tuesday, December 26, 2023, the equity shares of Muthoot Microfin Limited shall be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities,” the BSE said in a notice.
The IPO of the microfinance subsidiary of the Muthoot Pappachan group was subscribed 11.52 times on the closing day of the bidding. The issue had received bids for 28,09,80,216 shares against 2,43,87,447 shares on offer, according to the NSE data.
The category for Qualified Institutional Buyers (QIBs) got subscribed 17.47 times while the portion for non institutional investors received 13.20 times subscription. The portion for Retail Individual Investors (RIIs) got subscribed 7.61 times.
The IPO had a fresh issue of up to ₹760 crore and an Offer for Sale of ₹200 crore. The price range for the offer was ₹277-291 a share.
Muthoot Microfin, promoted Muthoot Fincorp, had raised ₹284.99 crore from anchor investors. It is the third-largest gold loan player and the flagship firm of Muthoot Pappachan group.
The company plans to use proceeds from the fresh issue for augmenting its capital base, to meet future capital requirements.
ICICI Securities, Axis Capital, JM Financial and SBI Capital Markets were the managers to the offer.
Follow all the updates here:
- Dec 26, 2023 04:04 pm IST
Muthoot Microfin share price LIVE Updates: Stock trading at a discount of ₹24.80
The shares of Muthoot Microfin are trading at ₹266.20, 8.52% less than the issue price of ₹291 on the BSE.
- Dec 26, 2023 02:35 pm IST
Muthoot Microfin share price LIVE Updates: Shares trading 8.59% less than the issue price
Muthoot Microfin shares are trading at 266 which is 8.59% less than the issue price of 291.
- Dec 26, 2023 02:00 pm IST
Muthoot Microfin share price LIVE Updates: Stock trading at ₹267
Muthoot Microfin stock is currently trading at ₹267. There has been -8 per cent change, indicating a decrease in value.
- Dec 26, 2023 01:22 pm IST
How is Suraj Estate Developers Ltd shares performing?
Shares of Suraj Estate Developers Ltd made a disappointing market debut on Tuesday, registering a decline of nearly 6 per cent from the issue price of ₹360.
At the BSE, the stock made its debut at ₹343.80, a discount of 4.5 per cent from the issue price. Later, shares of the company plunged 10 per cent to ₹323.95.
The stock listed at ₹340, a fall of 5.88 per cent on the NSE.
- Dec 26, 2023 12:26 pm IST
Muthoot Microfin share price LIVE Updates: Know about the firm
Muthoot Microfin is promoted by Muthoot Fincorp, the third-largest gold loan player and the flagship firm of Muthoot Pappachan group.
The company plans to use proceeds from the fresh issue for augmenting its capital base, to meet future capital requirements.
- Dec 26, 2023 12:03 pm IST
Muthoot Microfin share price LIVE Updates: Shares trading at 2.39% less than the opening price
On Tuesday, Muthoot Microfin shares opened at a price of 278. The shares are trading at 2.39% less than the opening price.
- Dec 26, 2023 11:21 am IST
Muthoot Microfin share price LIVE: Shares trading at 6 per cent less than the issue price
Muthoot Microfin shares trading at ₹273.20, 6 per cent less than the issue price of ₹291. Deep dive…(Muthoot Microfin shares open at 4.46% less than IPO price on BSE)
- Dec 26, 2023 10:45 am IST
Muthoot Microfin share price LIVE: Stock trading at discount of ₹17.40
The shares of Muthoot Microfin are trading at ₹273.60, 15 per cent less than the issue price of ₹291 on the BSE
- Dec 26, 2023 10:05 am IST
Muthoot Microfin share price LIVE updates: Shares open 4.67 per cent less than issue price
Muthoot Microfin shares open in red at ₹278, 4,67 per cent less than the issue price
- Dec 26, 2023 09:53 am IST
Muthoot Microfin IPO listing LIVE updates: Shares to be listed shortly
The shares of Muthoot Microfin IPO are set to be listed on the BSE and NSE shortly. The Sensex is currently trading in red at 71,103
- Dec 26, 2023 09:33 am IST
Muthoot Microfin IPO listing LIVE updates: Firm reported ₹1,095.74 million profit for second quarter
Muthoot Microfin Limited had reported ₹1,095.74 million profit after tax for the quarter that ended on September 30, the company was quoted by PTI as saying. The company said the profit was a rise of 14.5 per cent from the previous quarter. Muthoot Microfin also posted growth indicators with total income from operations growing 17.74 per cent from the previous quarter to ₹5,636.25 million as of September 30, 2023
- Dec 26, 2023 09:18 am IST
Muthoot Microfin IPO listing LIVE updates: Sensex opens in red at 71,099.72
Muthoot Microfin IPO listing LIVE updates: BSE-30 share index opens in red at 71,099.72
- Dec 26, 2023 09:04 am IST
Muthoot Microfin IPO listing LIVE updates: What was the subscription status on day 2 of the offer?
Muthoot Microfin's IPO got subscribed 2.83 times on Tuesday, the second day of offer. The Initial Public Offer (IPO) received bids for 6,89,23,185 shares against 2,43,87,447 shares on offer, as per data available with the NSE.
- Dec 26, 2023 08:54 am IST
Muthoot Microfin IPO listing LIVE updates: How did the issue fare on first day of subscription?
Muthoot Microfin's IPO opened for subscription on December 18. It got subscribed 82 per cent on the first day of offer. The ₹960 crore-initial share sale received bids for 2,00,28,108 shares against 2,43,87,447 shares on offer, as per NSE data.
- Dec 26, 2023 08:33 am IST
Muthoot Microfin IPO listing LIVE updates: How will the company utilise proceeds of IPO?
Muthoot Microfin plans to use proceeds from the fresh issue for augmenting its capital base, to meet future capital requirements. Muthoot Microfin is promoted by Muthoot Fincorp, which is the third-largest gold loan player and the flagship firm of Muthoot Pappachan group.
- Dec 26, 2023 08:16 am IST
Muthoot Microfin IPO listing LIVE updates: What does GMP suggest?
Muthoot Microfin IPO listing LIVE updates: The shares of Muthoot Microfin are trading at a premium of ₹27 in the grey market. It is expected that the shares will be listed at ₹318 on its debut in the stock market.