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| Muthoot Finance |
The IPO is for 51.5 million equity shares with a face value of Rs10 each and price band fixed between Rs160 and Rs175 per share.
The final price is arrived through the book-building process and the bid issue will close on Wednesday for qualified institutional buyers and Thursday for non-qualified institutional buyers bidders.
The issue will constitute 13.85 per cent of the post issue paid-up capital of the company. The minimum bid lot is 40 equity shares and additional applications can be made in multiples of 40 shares thereafter.
Not less than 15 per cent of the issue will be available for allocation on a proportionate basis to non-institutional bidders and not less than 35 per cent of the issue will be available for allocation on a proportionate basis to retail individual investors. Half of the issue will be available for institutional investors.
The equity shares offered are proposed to be listed on the National Stock Exchange of India and Bombay Stock Exchange.
The lead managers are ICICI Securities, Kotak Mahindra Capital Company Limited and the Co-Book Running Lead Manager is HDFC Bank.
Sources: http://gulfnews.com
