Planning to subscribe to Muthoot Microfin IPO? Know key risks involved before applying
Muthoot Microfin IPO's retail investors' portion was subscribed 1.38 times, the NII portion was subscribed 61%, and the QIB portion is yet to be booked. The employee portion has been booked 1.24 times. Muthoot Microfin IPO price band has been fixed in the range of ₹277 to ₹291 per equity share of the face value of ₹10.
Muthoot Microfin Limited raised ₹284.99 crore from anchor investors on Friday, December 15. Investors who did not invest yesterday still have a two-day window to subscribe to the issue. Nonetheless, investors must be well-versed in the key risks associated with the public offer before submitting their applications.
2. The business of Muthoot Microfin is vulnerable to interest rate risk, and volatility in interest rates could hurt our net interest income and net interest margin, thereby affecting our results of operations. 3.
The Directorate of Enforcement, Ministry of Finance, Government of India (“ED") has issued a summons to the Managing Director of the company directing him to provide certain information concerning himself and the company. There is no assurance that the ED will not take any action against the company or its managing director, which may adversely impact our business and operations, financial condition, and reputation. 4.
Muthoot Microfin is unable to trace some of its historical records including minutes of the Board and Shareholders meetings and corresponding form filings. Further, certain of its secretarial records have not been adequately maintained. Thus, the company cannot assure that no legal proceedings or regulatory actions will be initiated against it in the future about these matters, which may impact its financial condition and reputation.
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