Muthoot Fincorp Eyes Market Debut with ₹4,000 Crore IPO Plan

Muthoot Fincorp has approved plans to raise up to ₹4,000 crore through an initial public offering (IPO), marking a major step towards its public market debut. The proposed IPO will comprise a fresh issue of equity shares with a face value of ₹10 each and remains subject to shareholder approval, regulatory clearances and prevailing market conditions.

Alongside the IPO proposal, the board approved a 1:5 stock split, under which every equity share of ₹10 face value will be subdivided into five shares of ₹2 each, a move aimed at improving liquidity and increasing retail investor participation.

The company also cleared additional fundraising plans, including up to ₹4,000 crore through public issuance of non-convertible debentures (NCDs) between July 2026 and June 2027, and another ₹4,000 crore through private placements of debentures and other debt instruments, subject to approvals. Further, Muthoot Fincorp approved a commercial paper programme with an overall issuance limit of ₹30,000 crore and a maximum outstanding limit of ₹10,000 crore.

The announcements came after the gold loan-focused NBFC reported a sharp rise in FY26 performance, with consolidated net profit surging over 200% to ₹1,847.62 crore, while revenue rose 32% to ₹11,227.80 crore.