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Belstar Microfinance Ltd files DRHP with SEBI for IPO

Posted On: 2024-05-06 21:45:59 (Time Zone: IST)


Muthoot Finance Limited's subsidiary, i.e., Belstar Microfinance Limited, has filed a draft red herring prospectus dated May 3, 2024 with the Securities and Exchange Board of India, for a proposed IPO, comprising a fresh issue of equity shares of face value of ?10 each ("Equity Shares") for an amount aggregating up to ?10,000 million, and an offer for sale of Equity Shares for an amount aggregating up to ?3,000 million by certain of its existing non-promoter shareholders ("Offer").

The Offer will be subject to market conditions, receipt of applicable approvals and other considerations.

Shares of Muthoot Finance Limited was last trading in BSE at Rs. 1672.55 as compared to the previous close of Rs. 1699.10. The total number of shares traded during the day was 5855 in over 776 trades.

The stock hit an intraday high of Rs. 1718.20 and intraday low of 1668.55. The net turnover during the day was Rs. 9894746.00.


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