Muthoot Fincorp has announced plans to raise up to ₹4,000 crore through an initial public offering (IPO), marking a major step in the company’s expansion strategy.
According to the company, the proposed IPO will consist of a fresh issue of equity shares with a face value of ₹10 each. The proceeds from the public issue are expected to support future growth initiatives and business expansion.
The company stated that the IPO remains subject to shareholder approval, regulatory clearances, market conditions, and other required approvals. It has not yet disclosed a timeline for the listing.
Alongside the IPO approval, Muthoot Fincorp’s board also cleared a stock split aimed at improving liquidity and retail investor participation. Under the approved split, every equity share with a face value of ₹10 will be subdivided into five equity shares with a face value of ₹2 each.
The move comes amid rising activity in India’s IPO market, where several financial services and NBFC players are preparing to tap public markets to strengthen capital positions and fund growth.
Muthoot Fincorp operates as a diversified NBFC with businesses spanning gold loans, personal finance, insurance distribution, money transfer services, and other financial products. The company is part of the larger Muthoot Pappachan Group.
The planned public issue is expected to further strengthen the company’s capital base as competition intensifies across India’s lending and financial services sector.