<p>New Delhi: The initial public offer of Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan group, got subscribed 82 per cent on the first day of offer on Monday.</p>.<p>The Rs 960 crore initial share sale received bids for 2,00,28,108 shares against 2,43,87,447 shares on offer, as per NSE data.</p>.<p>The quota for Retail Individual Investors (RIIs) received 1.37 times the subscription while the portion for non-institutional investors got subscribed 60 per cent.</p>.Rural economy indicators in green: Muthoot Fincorp One CEO.<p>The Initial Public Offer (IPO) has a fresh issue of up to Rs 760 crore and an Offer for Sale (OFS) component of Rs 200 crore.</p>.<p>The IPO has a price range of Rs 277-291 a share. The company has mopped up Rs 284.99 crore from anchor investors.</p>.<p>Muthoot Microfin is promoted by Muthoot Fincorp, which is the third-largest gold loan player and the flagship firm of Muthoot Pappachan group.</p>.<p>The company plans to use proceeds from the fresh issue for augmenting its capital base, to meet future capital requirements.</p>.<p>ICICI Securities, Axis Capital, JM Financial and SBI Capital Markets are the managers to the offer.</p>
<p>New Delhi: The initial public offer of Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan group, got subscribed 82 per cent on the first day of offer on Monday.</p>.<p>The Rs 960 crore initial share sale received bids for 2,00,28,108 shares against 2,43,87,447 shares on offer, as per NSE data.</p>.<p>The quota for Retail Individual Investors (RIIs) received 1.37 times the subscription while the portion for non-institutional investors got subscribed 60 per cent.</p>.Rural economy indicators in green: Muthoot Fincorp One CEO.<p>The Initial Public Offer (IPO) has a fresh issue of up to Rs 760 crore and an Offer for Sale (OFS) component of Rs 200 crore.</p>.<p>The IPO has a price range of Rs 277-291 a share. The company has mopped up Rs 284.99 crore from anchor investors.</p>.<p>Muthoot Microfin is promoted by Muthoot Fincorp, which is the third-largest gold loan player and the flagship firm of Muthoot Pappachan group.</p>.<p>The company plans to use proceeds from the fresh issue for augmenting its capital base, to meet future capital requirements.</p>.<p>ICICI Securities, Axis Capital, JM Financial and SBI Capital Markets are the managers to the offer.</p>