Muthoot Microfin Limited Files DRHP with SEBI for an Initial Public Offering

KOCHI:
Muthoot Microfin Limited (the “Company”), part of the Muthoot Pappachan Group, filed a Draft Red Herring Prospectus (“DRHP”) for an Initial Public Offering of Equity Shares of Face Value of Rs. 10 each (“Equity Shares”) for cash at a Price per Equity Share (Including a Share Premium (“Offer”) comprising a Fresh Issue aggregating up to Rs. 500 crore (“Fresh Issue”) and an Offer For Sale of up to 16,310,072 Equity Shares, (“Offer For Sale”), comprising (1) up to 4,060,429 Equity Shares by Thomas John Muthoot, (2) Up to 4,078,996 Equity Shares by Thomas Muthoot, (3) Up to 4,059,019 Equity Shares by Thomas George Muthoot, (4) Up to 121,180 Equity Shares by Preethi John, (5) Up to 101,460 Equity Shares by Remmy Thomas, (6) Up to 122,870 Equity Shares by Nina George, (7) Up to 1,908,006 Equity Shares by Muthoot Fincorp Limited (“MFL”), and (8) Up to 1,858,112 Equity Shares by Creation Investments India LLC, (Together, The “Selling Shareholders” and such Offered Shares, The “Offered Shares”).
The Equity Shares are proposed to be listed on BSE and NSE.
The Book Running Lead Managers (“BRLMs”) to the Offer are Edelweiss Financial Services Limited, Motilal Oswal Investment Advisors Limited, Credit Suisse Securities (India) Private Limited and SMC Capitals Limited.