Muthoot Finance IPO garners subscription of 24.55 times

The Initial Public Offering (IPO) of Muthoot Finance Limited has evoked tremendous response from investors with the issue garnering overall subscription of 24.55 times.

The issue has received total bids for 1074626600 equity shares against the offer of 43775000 equity shares. The issue has received bids for 130245080 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 25.01 times with bids for 450746560 equity shares against the offer of 18025000 equity shares.

The Non Institutional Investors portion of the issue has received bids for 470739520 equity shares against the offer of 7725000 equity shares resulting in huge subscription of 60.94 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 8.50 times with bids for 153140520 equity shares against the offer of 18025000 equity shares.

The IPO opened for subscription on April 18, 2011 and closed for subscription on April 21, 2011. For QIB bidders the issue closed on Apr 20, 2011.

Source : Equity Bulls

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