Muthoot Microfin gets Sebi nod for IPO, firm eyes Jan or Feb for listing

Muthoot Microfin, a microfinance company of the Muthoot Pappachan group, is looking at pricing similar to Credit Access Grameen

Muthoot Microfin will be the fourth microfinance company to list on the stock exchanges. The Securities and Exchange Board of India (Sebi) has approved its draft red herring prospectus (DRHP), and the company is eyeing January or February for its initial public offering.  

People in the know told Business Standard that it would like to come out with its September and December quarter results before the listing. 

There are apprehensions that the September quarter results will be affected by the Kerala floods, but the reality will be different, the people said.   

Edelweiss is the lead manager of the