Muthoot Finance IPO Subscription status
The IPO of Muthoot Finance Limited has received a very little response from the investors with the 1st day over-subscription figure reached to just 0.16 times on an overall basis. Muthoot Finance IPO is open on 18th Apr 2011 and will get closed on 21st Apr 2011 for subscription. The IPO has managed to get some response from Qualified Institutional Buyers (QIBs) Category where it overbid by 0.26 times on the 1st day of subscription. The price band for the issue is Rs 160 at lower level and Rs 175 at upper level. Kerala-based firm Muthoot Finance is the largest gold financing company in India in terms of loan. The company claims to disburse Gold Loan in 5 minutes.
The category-wise subscription status of IPO on closing of 1st day is given below:-
Qualified Institutional Buyers (QIBs) : 0.26 times
Non Institutional Investors : 0.02 times
Retail Individual Investors : 0.12 times
Overall : 0.16 times
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