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Muthoot Fincorp Plans Rs 4,000 Crore IPO
17 May
Summary
- Muthoot Fincorp aims to raise Rs 4,000 crore via IPO.
- Net profit more than doubled to Rs 1,640 crore in FY26.
- Board approved a stock split of 10:2 ratio.
Muthoot Fincorp is preparing for a public debut, with plans to raise up to Rs 4,000 crore through an Initial Public Offering (IPO). This strategic move is intended to fuel future growth for the non-bank lender. The company's financial performance has shown substantial improvement, with net profit soaring to Rs 1,640 crore in FY26, a significant increase from Rs 787 crore in FY25.
In addition to the IPO, the board of Muthoot Fincorp has given its approval for a stock split. This involves subdividing equity shares currently valued at Rs 10 into five individual shares, each with a face value of Rs 2. This measure is expected to enhance market liquidity and encourage greater retail investor participation.
The IPO's timeline is contingent upon shareholder approval, prevailing market conditions, and necessary regulatory clearances. Muthoot Fincorp, a part of the Muthoot Pappachan Group, is also exploring other fundraising avenues, including public issuance of non-convertible debentures and private placements.
