Muthoot Microfin IPO allotment status will be available on 21st December 2023 through registrar Kfin Technologies (Kfintech) website. The company’s RHP document states that the basis of allotment of the Initial Public Offering (IPO) of Muthoot Microfin Limited will be finalised on 21st December (Thursday) and that the shares will be subsequently credited to the successful investors by 22nd December 2023. The IPO is poised for listing on the NSE and BSE on 26th December 2023.
The Muthoot Microfin Limited IPO is a Rs 960 crore offering comprising of a fresh issue of 2.61 crore shares aggregating up to Rs 760 crore and an offer for sale of 0.69 crore shares aggregating up to Rs 200 crore. The price band of the issue is set at Rs 277 to Rs 291 at a face value of Rs 10. The IPO was open for subscription between 18th to 20th December and was subscribed a total of 12.30 times with over 16 lakh applications. The retail portion was subscribed 8 times, NIIs portion 13.87 times and QIBs portion was subscribed 18.35 times. Against a issue size of Rs 860 crore, the IPO received bids worth over Rs 8,177 crore.
Muthoot Microfin IPO allotment news
The allotment of shares of the Muthoot Microfin IPO will be announced on 21st December 2023. Kfin Technologies Limited (Kfintech) is the registrar for the Muthoot Microfin Limited IPO and will finalise the basis of allotment. The registrar will also upload the allotment at its website where the investors will be able to check the status by entering the PAN, application number or Demat account details. Investors can expect the IPO allotment status to be available during the night of 21st December at Kfintech website.
Alternatively, the allotment status can also be checked through the BSE website at this link after selecting issue name and entering the required details. Once the allotment is announced, the refunds as well as the credit of shares to accounts of investors will be done on 22nd December 2023.
Considering the subscription numbers, 1 in 7 retail investors is likely to get the allotment. A total of 16.31 lakh applications were received from retail investors. Allotment chances are 1 in 14 for SHNIs and 1 in 2 for BHNIs. Approximately 32 thousand SHNI applications and 10 thousand BHNI applications were received.
Two other IPOs namely Motisons Jewellers and Suraj Estate Developers are bound to have their allotment finalised today. Link Intime is the registrar for both these IPOs.
