Shares of Muthoot Finance, a non-banking finance company engaged into gold loan business, on Friday listed in the stock exchange at Rs 180, a premium of 2.85% to the initial public offer price of Rs 175. At 9.40 hours, it was however, trading at 175, up 1.40% on BSE.
Total traded volume was 49.62 crore. It hit a high of Rs 198 and low of Rs 170.25.
The IPO of Muthoot Finance ended on April 21, 2011, with a subscription of 24.55 times. The IPO received bids for 107.46 crore shares compared with 4.37 crore shares on offer. The company had fixed a price band of Rs. 160-175 for the IPO.
The company raised Rs 901.25 crore through the issue of 5.15 crore equity shares, which will be mainly used for augmenting capital base to meet future capital requirements to provide for funding of loans to customers.
Total traded volume was 49.62 crore. It hit a high of Rs 198 and low of Rs 170.25.
The IPO of Muthoot Finance ended on April 21, 2011, with a subscription of 24.55 times. The IPO received bids for 107.46 crore shares compared with 4.37 crore shares on offer. The company had fixed a price band of Rs. 160-175 for the IPO.
The company raised Rs 901.25 crore through the issue of 5.15 crore equity shares, which will be mainly used for augmenting capital base to meet future capital requirements to provide for funding of loans to customers.
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