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Muthoot Microfin IPO: Good news for those waiting for the Muthoot Microfin IPO listing date. The company will make its debut in the stock market tomorrow i.e. on 26th December. The company’s IPO received over 16 times bids during the 3-day subscription. The good news for speculative investors is that the company is doing well in the gray market. Let us tell you that the company’s shares were allotted on December 21.
Money doubled in 6 months, company may distribute bonus shares after Christmas, price less than 150 rupees
Muthoot Microfin IPO Price Band Rs. 277 to Rs. 291 per share was fixed. The company placed 51 shares in one lot. Due to which the retail investment had to be at least Rs 14,841. Any investor can bet on a maximum of 13 lots from a single demat account. Employees were given a discount of Rs 14 per share.
The IPO was opened to anchor investors on December 15. The company raised Rs. 285 crore was collected. The lock-in period of 50 shares is kept at 30 days.
Gray market stirs (Muthoot Microfin IPO GMP)
The company’s performance in the gray market is better than yesterday. Today i.e. Monday, the GMP of Muthoot IPO per share is Rs. was 31. That is, if the same trend is observed during the listing, the company will sell in the stock markets at Rs. May debut at 322. If this happens, investors can make a profit of 10.65 percent on the first day itself.
Muthoot Microfin IPO size Rs. 960 crores. Through this IPO, the company will issue 2.61 crore new shares. At the same time, 0.69 crore shares will be issued under the Offer for Sale.
(This is not investment advice. Stock market is subject to risks. Please consult an expert before making any investment.)