Muthoot Fincorp Limited (MFL), part of the Muthoot Pappachan Group, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering comprising a fresh issue of Equity Shares aggregating up to ₹3,000 crore.
The company proposes to use the proceeds to augment its Tier I capital base and meet future capital requirements, including funding the growth and expansion of its lending businesses, digital platform and diversified financial services portfolio.
Muthoot Fincorp is a diversified NBFC anchored by its gold loan business and has progressively expanded into business loans, loans against property, supply chain finance, digital loans, microfinance, housing finance and other financial services.
According to the CRISIL Report, Muthoot Fincorp has the fastest-growing gold loan AUM among peers in India, with gold loan AUM growing at a CAGR of 59.04% between March 31, 2024 and March 31, 2026.
As of March 31, 2026, the company had an AUM of ₹73,444.72 crore, a pan-India network of 5,610 branches and 4.26 million digital users. It had served over 8.22 million unique customers over the previous three financial years.
The company also reported strong financial performance in FY26. Consolidated revenue from operations increased to ₹11,203.81 crore from ₹8,497.69 crore in FY25, while consolidated profit for the year rose to ₹1,847.62 crore from ₹607.90 crore.
Muthoot Fincorp’s digital platform, Muthoot FinCorp ONE, enables customers to access its loan offerings through a digital journey while supporting its broader financial services ecosystem.
Kotak Mahindra Capital Company, Morgan Stanley India Company, JM Financial and SBI Capital Markets are the Book Running Lead Managers to the issue.
