Muthoot Fincorp Clears Rs 4,000 Crore IPO, Stock Split Announced

Muthoot Fincorp Approves Plans for Rs 4,000 Crore IPO

Muthoot Fincorp, a leading non-bank gold lender in India, has taken a significant step towards going public. Following a board meeting held on May 17, the company announced its plans to raise up to Rs 4,000 crore through a fresh issue of equity shares.

The proposed initial public offering (IPO) comes on the back of a remarkable increase in profitability for the company. In the financial year FY26, Muthoot Fincorp reported a consolidated net profit of Rs 1,848 crore, a sharp rise from Rs 608 crore in the previous financial year.

As part of its preparations for the IPO, the company's board has also approved a stock split. Under this plan, each existing share with a face value of Rs 10 will be split into five shares with a face value of Rs 2 each. This move is expected to make the company's shares more accessible to a wider range of investors.

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Muthoot Fincorp is one of India's major gold-focused non-banking financial companies, offering a range of retail financial services including gold loans. With its upcoming IPO, the company is set to take another significant step in its growth journey.