Muthoot FinCorp IPO: Aims to Raise ₹30 Billion
By Business Desk
Muthoot FinCorp files for a ₹30 billion IPO in Mumbai to boost capital, fund growth, and expand digital infrastructure. Learn more about their plans.
Muthoot FinCorp has filed for an initial public offering (IPO) in Mumbai, aiming to raise 30 billion rupees (USD314.59 million).
Key Financials & IPO Details
- IPO size target: 30 billion rupees (USD314.59 million)
- Potential pre-IPO placement: Up to 6 billion rupees
- Net profit increase (year ended March 31): More than tripled
- Total revenue increase (year ended March 31): 31.8%
The offering consists entirely of a fresh issue of shares. A potential pre-IPO placement of up to 6 billion rupees could reduce the fresh issue size.
Fueling Operations
Funds generated from the IPO are earmarked to strengthen the company’s Tier I capital base. This capital will support future lending activities, foster business growth, and expand its digital infrastructure.
Muthoot FinCorp, the flagship financial services arm of Muthoot Pappachan Group, is primarily known for gold loans. They also offer business loans, housing loans, and supply chain financing.
Market Outlook & Key Players
This move reflects a resurgence in India’s IPO market following a subdued 2025. For the year ended March 31, the company’s net profit more than tripled, and total revenue from operations increased by 31.8%.
Kotak Mahindra Capital, Morgan Stanley India, JM Financial, and SBI Capital Markets are managing the IPO as lead book-runners.