Motisons Jewellers listed at ₹109 apiece on the NSE, up 98.18% over IPO price; Muthoot Microfin and Suraj Developers debuted 5.5% lower over their respective issue prices.
“Microfinance industry is in a very sweet spot and more because of the regulatory environment that RBI has created," says Sadaf Sayeed, CEO, Muthoot Microfin.
Muthoot Microfin IPO price band has been fixed at ₹277 to ₹291 per equity share. The price band for the Suraj Estate issue has been fixed at ₹340-₹360 per share.
Flair Writing Industries plans to raise ₹745 crore via IPO route, while Muthoot Microfin aims to garner around ₹1,350 crore.
This week, four IPOs will open for subscription, while six companies will make their debut on stock exchanges.
How the Kerala-based lending and financial services conglomerate weathered the NBFC crisis and emerged unscathed.
