Muthoot Microfin IPO Listing Highlights: Shares make weak debut, list at 5.40% discount over IPO price
Muthoot Microfin IPO Listing Price, Muthoot Microfin Share Price NSE, BSE: Shares of Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan group, will be listed on the bourses today i.e. December 26. According to information available on the exchanges, the shares of Muthoot Microfin will be listed on the National Stock Exchange (NSE) and the BSE during a special pre-open session.
Earlier, Zee Business Managing Editor Anil Singhvi had advised investors to subscribe for short listing gains and invest for the long term.
Follow Zee Business Blog to get all the latest updates on Muthoot Microfin Listing Today:
Muthoot Microfin IPO Listing Price, Muthoot Microfin Share Price NSE, BSE: Shares of Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan group, will be listed on the bourses today i.e. December 26. According to information available on the exchanges, the shares of Muthoot Microfin will be listed on the National Stock Exchange (NSE) and the BSE during a special pre-open session.
Earlier, Zee Business Managing Editor Anil Singhvi had advised investors to subscribe for short listing gains and invest for the long term.
Follow Zee Business Blog to get all the latest updates on Muthoot Microfin Listing Today:
Latest Updates
Muthoot Microfin IPO Listing Live: Promoted by Muthoot Fincorp
Muthoot Microfin is promoted by Muthoot Fincorp, which is the third-largest gold loan player and the flagship firm of Muthoot Pappachan group.
Muthoot Microfin IPO Listing Live: Shares make weak debut
Shares make weak debut, list at 5.40% discount over IPO price on the NSE.
Muthoot Microfin IPO Listing Live: Price settles at 5.40% discount to issue price in pre-open market
In the pre-opening session, Muthoot Microfin shares settled at Rs 275.30 on the NSE, a discount of 5.40 per cent to the issue price of Rs 291.
Muthoot Microfin IPO Listing Live: Stoploss by Anil Singhvi
According to Zee Business Managing Editor Anil Singhvi, investors must keep a stoploss of Rs 290.
Muthoot Microfin IPO Listing Live: Preview by Anil Singhvi
According to Zee Business Managing Editor Anil Singhvi, the shares of Muthoot Microfin are expected to list near the issue price of Rs 291 or at a slight premium.
Muthoot Microfin IPO Listing Live: Fresh issue of up to Rs 760 crore
The initial public offer had a fresh issue of up to Rs 760 crore and an Offer for Sale of Rs 200 crore.
Muthoot Microfin IPO Listing Live: QIBs got subscribed 17.47 times
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.
Muthoot Microfin IPO Listing Live: Attracted bids for 28,09,80,216 shares
The Rs 960 crore-IPO attracted bids for 28,09,80,216 shares against 2,43,87,447 shares on offer, according to the NSE data.
Muthoot Microfin IPO Listing Live: Received 11.52 times subscription
The initial public offer of Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan group, received 11.52 times subscription on the closing day of bidding on Wednesday.