The IPO will have a 35% reservation for retail investors, while employees will also be eligible to participate. The DRHP does not provide for any reservation for existing shareholders.
Muthoot Fincorp is considering a pre-IPO placement of shares worth ₹160 crore, which would be adjusted against the fresh issue component.
The proceeds from the IPO will primarily be used to bolster the company’s capital base and fund expansion across its existing businesses. The lender plans to deploy the funds towards expanding its branch network and strengthening its technology infrastructure.
Muthoot Fincorp plans to leverage its physical and digital distribution network to expand its customer base, particularly across underserved rural and semi-urban markets. Gold loans are expected to remain the company’s primary growth engine, even as it expands its portfolio of other financial products.
The lender also plans to deepen its presence in Tier-II and Tier-III markets and strengthen engagement with existing customers by integrating its branch network with its digital platform, Muthoot Fincorp ONE.
Its product portfolio includes gold loans, business loans, loans against property, supply-chain finance and digital loans. The broader Muthoot Pappachan Group has interests across microfinance, housing finance, insurance distribution and broking, among other financial services.
Muthoot Fincorp reported consolidated profit after tax of ₹1,847.62 crore for FY26, while consolidated revenue stood at ₹11,227.80 crore. Its consolidated assets under management stood at ₹73,448.82 crore as of March 31, 2026.
Muthoot Fincorp is the flagship financial services business of the 139-year-old Muthoot Pappachan Group and is primarily focused on gold-backed lending. The non-bank lender has more than 3,700 branches across India and has operated in the gold loan segment for over two decades.
The company has appointed Kotak Mahindra Capital, Morgan Stanley India, JM Financial and SBI Capital Markets as book-running lead managers for the proposed issue.
