The IPO market in the country is once again buzzing. The country's reputed micro finance company Muthoot Microfin is coming up with its IPO. The company will raise Rs 1200 crore from the market with the help of this.
Stock market update: If you too have been making huge profits in a few days by investing money in the stock market, then there is good news for you. The country's leading micro finance company Muthoot Microfin is about to come up with its IPO. Muthoot Microfin is a micro finance company of Muthoot Pappan Group.
Muthoot microfin: The company said that the IPO of Muthoot Microfin may come by the last quarter of 2023. Muthoot may bring in an initial public offering (IPO) of up to Rs 1,500-1,800 crore, according to Microfin. The promoter of this company is Muthoot Fincorp.
Muthoot finance: Plan to raise capital up to 1200 crores.
Thomas Muthoot, managing director of Muthoot Microfin, said on Wednesday that there are plans to launch an IPO of Rs 1,500-1,800 crore by the fourth quarter of 2023 and the documents will be submitted to the Securities and Exchange Board of India (SEBI) by May 2023.
Muthoot finance Promoters will have 50 percent stake.
Muthoot said the promoter family would continue to hold more than 50 per cent stake in the company even after the issue. The company's chief executive Sadaf Saeed said the company plans to raise a primary capital of Rs 1,200 crore. Apart from this, external investors will also bring in small sale offers.
