India's largest gold financing company Muthoot Finance is set to list its equity shares on Friday, May 6. It has fixed the issue price at the higher end of the price band of Rs 160-175 a share.
There were reports that the grey market premium for the stock is around Rs 25-30 over issue price.
Manish Bhatt of Prabhudas Lilladher looked optimistic while Investment Advisor SP Tulsian was slightly conservative. Bhatt expects Muthoot to list in Rs 200-250 range whereas Tulsian feels that the listing around Rs 190 per share.
But both experts advised profit booking on listing.Muthoot Finance raised Rs 901.25 crore through the issue, which will mainly be used for augmenting capital base to meet future capital requirements to provide for funding of loans to customers
There were reports that the grey market premium for the stock is around Rs 25-30 over issue price.
Manish Bhatt of Prabhudas Lilladher looked optimistic while Investment Advisor SP Tulsian was slightly conservative. Bhatt expects Muthoot to list in Rs 200-250 range whereas Tulsian feels that the listing around Rs 190 per share.
But both experts advised profit booking on listing.Muthoot Finance raised Rs 901.25 crore through the issue, which will mainly be used for augmenting capital base to meet future capital requirements to provide for funding of loans to customers
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