Muthoot Finance IPO To Open On 18 April
Muthoot Finance, a Kerala-based gold financing company will launch an Initial Public Offering (IPO) of Rs. 5.15 Crore. The issue will be open from 18 April to 21 April 2011. The price band for the issue has been fixed at Rs 160-175 per equity share of face value, Rs. 10 each.
- (1888PressRelease) April 16, 2011 - At the lower end of the price band, the company will raise Rs 824 crore, while on the upper end it will mop up Rs 901.25 crore.
ICICI Securities and Kotak Mahindra Capital are the book running lead managers to the issue, while HDFC Bank is the co-manager.
The objects of this IPO are proposed to be utilized to augment the company`s capital base for meeting future capital requirements, for funding of loans and for general corporate purposes.
"The IPO proceeds will help boost our capital adequacy ratio, which is 15 per cent as on November," said chairman, MG George Muthoot at the official press meet.
Don't miss this IPO. Open a demat account now and avail great deals. For free demat account opening please visit: http://www.demat9.in/
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