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Muthoot Fincorp files DRHP to raise ₹3,000 crore via IPO
The planned IPO would be a pure fresh issue, with proceeds earmarked to bolster Tier-I capital and support future lending and business expansion.
Muthoot Fincorp has filed its draft red herring prospectus with SEBI to raise ₹3,000 crore through an initial public offering, LiveMint Markets reported. The draft documents describe the offering as consisting entirely of a fresh issue of equity shares.
The company said the funds would be used to strengthen its Tier-I capital base and fund future capital needs. According to the filing, that includes supporting onward lending and financing for business growth and expansion.
Muthoot Fincorp is part of the Muthoot Pappachan Group and is described as a diversified non-banking financial company, with gold loans as its core business. The company also offers products including business loans, loans against property, supply chain finance, digital loans, microfinance, and housing finance.
The IPO underwriting is set to involve Kotak Mahindra Capital Company, Morgan Stanley India Company, JM Financial, and SBI Capital Markets as book running lead managers. As of March 31, 2026, Muthoot Fincorp reported assets under management of ₹73,444.72 crore, 5,610 branches across India, and a digital platform with 4.26 million users, while consolidated profit rose to ₹1,847.62 crore in FY26 from ₹607.90 crore in FY25 and consolidated revenue from operations increased to ₹11,203.81 crore from ₹8,497.69 crore.
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