Muthoot FinCorp Plans ₹4,000 Crore IPO and Stock Split Amid Strong Financial Performance
Muthoot FinCorp announces ₹4,000 crore IPO, stock split and fundraising plans. Details here
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Muthoot FinCorp has announced a proposal to raise up to ₹4,000 crore (approximately $480 million USD) through an initial public offering (IPO) and a stock split. The company's robust Q4 results show significant growth, with a profit after tax of ₹1,640.21 crore and a revenue increase of 32% year-on-year.
- 01The IPO will consist of a fresh issue of equity shares with a face value of ₹10 each, subject to market conditions and regulatory approvals.
- 02The stock split will subdivide each equity share from ₹10 to five shares of ₹2 each.
- 03Muthoot FinCorp's assets under management reached ₹56,185.10 crore as of March 2026.
- 04The company's profit after tax surged by 204% year-on-year in Q4 FY26.
- 05Muthoot FinCorp plans to raise additional funds through non-convertible debentures (NCDs) and commercial papers.
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On May 16, Muthoot FinCorp announced plans to raise up to ₹4,000 crore (approximately $480 million USD) through an initial public offering (IPO) of equity shares, pending shareholder approval. This IPO will feature a fresh issue of equity shares with a face value of ₹10 each. In conjunction with the IPO, the company will implement a stock split, converting each fully paid-up share into five shares of ₹2 each. The company also plans to issue non-convertible debentures (NCDs) and has set a fundraising target of up to ₹4,000 crore through various financial instruments, including private placements and commercial papers.
Muthoot FinCorp's recent financial results indicate strong performance, with assets under management reaching ₹56,185.10 crore and a profit after tax of ₹1,640.21 crore for the fiscal year ending March 2026. The company reported a 32% year-on-year revenue growth and a 204% increase in profit after tax during Q4 FY26. Chairman Thomas John emphasized the company's commitment to balancing growth with responsibility and innovation, thanking stakeholders for their continued support.
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The IPO and fundraising plans could enhance Muthoot FinCorp's market presence and financial stability, potentially benefiting investors and customers through improved services.
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