Muthoot finance IPO price band & lot table.

Dear All,

Muthoot Finance, the largest gold financing company in India in terms of loan portfolio. Kerala-based Muthoot Finance is a non-deposit taking, non-banking finance company. Gold financing company Muthoot Finance will raise over Rs 900 crore through its initial share sale offer, which will begin on April 18. The company has set a price band of Rs 160-175 a share for the IPO of 5.15 crore equity shares.

The Rs 901.25-crore IPO, opening on April 18, would close on April 20 for QIB bidders and on April 21 for retail and non-institutional investors. At the lower end of the price band, the company will raise Rs 824 crore, while on the upper end it will mop up Rs 901.25 crore.

The issue will constitute 13.85 per cent of the fully-diluted post issue paid-up equity share capital of the company, it said. ICICI Securities, Kotak Mahindra Capital Co are the book running lead managers to the issue, while HDFC Bank is the co-book running lead manager. The IPO proceeds will be utilized to augment the company's capital base for meeting future capital needs, for funding of loans and for general corporate purposes, it added.

We believe that this IPO is worth subscribing to and investors should look to park in money not only for listing gains but also for good returns over the medium term.

MUTHOOT FINANCE LTD
Issue Date: 19th APRIL To 21st APRIL 2010
Price Band Rs. 160/- To Rs.175/- , Bid Lot 40 Shares
Cheques Favouring in Retail & HNI Category :
" ESCROW ACCOUNT - MFL PUBLIC ISSUE - R "
Shares	Rate	Amount	Shares	Rate	Amount
40	175	7000	720	175	126000
80	175	14000	760	175	133000
120	175	21000	800	175	140000
160	175	28000	840	175	147000
200	175	35000	880	175	154000
240	175	42000	920	175	161000
280	175	49000	960	175	168000
320	175	56000	1000	175	175000
360	175	63000	1040	175	182000
400	175	70000	1080	175	189000
440	175	77000	1120	175	196000
480	175	84000
520	175	91000
560	175	98000
600	175	105000
640	175	112000

Thanks & Regards,

Maulik Doshi

DENIP Consultants Pvt. Ltd.