Muthoot Fincorp IPO: ₹3,000 Crore Plan Filed with SEBI

Muthoot Fincorp Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI, aiming to raise ₹3,000 crore via an Initial Public Offering. The entire IPO will consist of a fresh issue of equity shares.

IPO Snapshot

• IPO Size: ₹3,000 crore (fresh issue)
• FY26 Consolidated Profit: ₹1,847.62 crore (up from ₹607.90 crore in FY25)
• FY26 Consolidated Revenue: ₹11,203.81 crore (up from ₹8,497.69 crore in FY25)
• Gold Loan AUM CAGR (March 2024-2026): 59.04%
• Assets Under Management (March 31, 2026): ₹73,444.72 crore

The primary objective for this capital raise is to enhance the company’s Tier-I capital base. Funds will also meet future capital requirements, including supporting onward lending and overall business expansion.

Company Operations

Muthoot Fincorp, established in 1887, operates as a diversified Non-Banking Financial Company, with gold loans forming its core business. It also provides a range of other financial products.

• Products: Business loans, loans against property, supply chain finance, digital loans, microfinance, housing finance.
• Network: Pan-India branch presence and the digital platform Muthoot FinCorp ONE.
• Users: Muthoot FinCorp ONE serves 4.26 million users.
• Branches: Manages assets across 5,610 branches.

The company boasts over two decades of experience in the gold loan sector. A Crisil report cited in the DRHP identified Muthoot Fincorp as the fastest-growing player among its peers in gold loan AUM.

Kotak Mahindra Capital Company, Morgan Stanley India Company, JM Financial, and SBI Capital Markets are appointed as book running lead managers for the IPO.