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Muthoot Pappachan Group-backed Muthoot Microfin s IPO had opened for subscription on December 18. The NBFC provides micro-loans to women customers with a focus on rural regions of India ....
Muthoot Microfin s IPO received decent intreset from investors with the issue being subscribed 11.52 times. QIBs led from the front, as they bid 17.47 times their allotted quota. ....
The Kochi-based microfinance institution recorded a 246 percent on-year growth in net profit at Rs 163.9 crore for the year ended March 2023 and revenue during the same period increased by 71.6 percent to Rs 1,428.8 crore. ....