Muthoot Fincorp files draft papers for ₹3,000 crore IPO

Muthoot Fincorp Limited, a gold loan NBFC, has filed a Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹3,000 crore through an Initial Public Offering (IPO). The proceeds from the fresh issue will be used to augment the company's Tier-I capital base to meet future capital requirements, including onward lending arising from the growth and expansion of its business, including its digital platform and diversified lending portfolio.

The company has the fastest-growing gold loan AUM among peers, with gold loan AUM growing at a CAGR of 59.04 per cent between March 31, 2024 and March 31, 2026.

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