Asirvad Micro Finance Ltd files DRHP with SEBI, BSE and NSE for IPO

Asirvad Micro Finance Limited ("AMFL"), a subsidiary of Manappuram Finance Limited ("Company"), has filed a draft red herring prospectus dated October 05, 2023 with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited in connection with its proposed initial public offer ("IPO") of equity shares, subject to receipt of requisite approvals, market conditions and other considerations.

AMFL is proposing to undertake an IPO of its equity shares of face value of Rs. 10 each ("Equity Shares"), comprising a fresh issue of Equity Shares aggregating up to Rs. 15,000 million.

Shares of Manappuram Finance Limited was last trading in BSE at Rs. 141.90 as compared to the previous close of Rs. 149.85. The total number of shares traded during the day was 1612380 in over 11739 trades.

The stock hit an intraday high of Rs. 149.00 and intraday low of 140.70. The net turnover during the day was Rs. 231243360.00.

Source : Equity Bulls

Keywords

ManappuramFinance INE522D01027 AsrivadMicroFinance FundRaising IPO DRHP SEBI BSE NSE