Muthoot Microfin Shares Debut on NSE with a 5.39% Discount at ₹275.30, Listing in ‘B’ Group

“Muthoot Microfin, the micro-financier, witnessed a subdued debut on Indian stock market exchanges on December 26. The shares were listed on the National Stock Exchange (NSE) at ₹275.30 apiece, reflecting a 5.39% discount compared to the issue price of ₹291.00 per share. Simultaneously, on the Bombay Stock Exchange (BSE), the debut showed a 4.47% discount, with the share price starting at ₹278.00.”

“The IPO listing date for Muthoot Microfin was scheduled for December 26, with the listing taking place in the ‘B’ group of securities. The initial public offering (IPO) was launched on December 18, raising ₹960 crore from the issue. The The IPO garnered a total subscription of 12.30 times, with the retail category oversubscribed 8 times, Qualified Institutional Buyers (QIB) showing an 18.35 times subscription, and Non-Institutional Investors (NII) exhibiting a 13.87 times subscription.”

“The ₹960 crore IPO comprised a fresh issue of 2.61 crore equity shares amounting to ₹760 crore and an offer for sale (OFS) of 69 lakh shares totaling ₹200 crore. The IPO price band was set at ₹277 to ₹291 per share, with a lot size of 51 shares.”

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“The book running lead managers for Muthoot Microfin IPO include ICICI Securities, Axis Capital, JM Financial, and SBI Capital Markets, while Kfin Technologies is the IPO registrar. Despite the weak debut, analysts estimate a listing price of ₹538 apiece, which is 20.09% higher than the IPO price of ₹448, based on the upper end of the price band and the current premium in the gray market.”

“Disclaimer: The views and recommendations mentioned are those of individual analysts, experts, and broking companies, not of Mint. Investors are advised to consult certified experts before making any investment decisions.”

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