Muthoot FinCorp Ltd’s (MFL) Board of Directors approved an initial public offering (IPO) on Saturday, which involves a fresh issue of equity shares totaling up to ₹4,000 crore.
The board also sanctioned the subdivision of each equity share with a face value of ₹10 into five equity shares of ₹2 each, fully paid-up, necessitating adjustments to the Memorandum of Association.
IPO Subject to Regulatory Approvals and Market Conditions
In a regulatory filing, the non-banking finance company stated that the planned IPO hinges on potential adjustments permissible under applicable laws and is subject to market conditions, the receipt of necessary approvals, regulatory clearances, and other considerations.
Aggressive Fundraising Plans Across Debt Instruments
The flagship company of the Muthoot Pappachan Group intends to raise up to ₹4,000 crore each through both a public issue and private placement of Non-Convertible Debentures (NCDs) and other debt instruments. The Board also approved plans to raise funds via Commercial Papers, setting an overall issuance limit of ₹30,000 crore and a maximum outstanding limit of ₹10,000 crore at any given time.
Strong Q4 Performance Boosts Financial Outlook
Furthermore, MFL reported a significant year-on-year increase of 204% in standalone net profit for the fourth quarter, rising to ₹584 crore from ₹192 crore in the same period last year.
The details of this financial progress and the upcoming IPO strategy were published on May 16, 2026.







