Muthoot Finance IPO subscribed 7.09 times

The Initial Public Offering (IPO) of Muthoot Finance Limited has garnered subscription of 7.09 times till 3:00 PM today (April 20, 2011).

The issue has received total bids for 310428800 equity shares against the offer of 43775000 equity shares. The issue has received bids for 12711760 equity shares at cut-off price.

The company has come out with Public Issue Of 51,500,000 Equity Shares of Rs. 10/- each (including Anchor Portion of 7,725,000 equity shares) for cash at a price band of Rs.160 to Rs.175 through 100% Book Building process.

The IPO closes for subscription on Apr 21, 2011. For QIB bidders Issue closes on Apr 20, 2011.

Source : Equity Bulls

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