Muthoot Fincorp IPO: ₹3,000 Crore Plan Filed with SEBI
Customer receives funds and documents after a gold loan transaction at an Indian NBFC branch.
Key Highlights
Muthoot Fincorp Ltd. files Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹3,000 crore via IPO, aiming to bolster capital and fuel business expansion.
Muthoot Fincorp Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI, aiming to raise ₹3,000 crore via an . The entire IPO will consist of a fresh issue of equity shares.
IPO Snapshot
- IPO Size: ₹3,000 crore (fresh issue)
- FY26 Profit: ₹1,847.62 crore (up from ₹607.90 crore in FY25)
- FY26 Consolidated : ₹11,203.81 crore (up from ₹8,497.69 crore in FY25)
- Gold Loan (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.