IPO
Gold loans provider Muthoot Fincorp appoints 4 lead managers for Rs.3,000-Cr IPO
Thiruvananthapuram-based Muthoot Fincorp has appointed Kotak Mahindra Capital, Morgan Stanley India, JM Financial, and SBI Capital Markets as book-running lead managers for its proposed Rs.3,000-Cr initial public offering.The lender intends to use the capital raised from the public offering to strengthen its capital base, support expansion of the firm’s branch network and facilitate ongoing investments in technology.The company operates more than 3,700 branches across India and focuses on gold-backed lending. Beyond gold loans, the lender offers products such as business loans, loans against property, supply-chain financing, and digital loans. It plans to use its physical and digital distribution network, including its digital platform Muthoot Fincorp ONE, to expand its customer base in rural and semi-urban markets, while deepening its presence in tier-II and tier-III cities.
For FY25, Muthoot Fincorp had reported about INR 5,540 Cr in Operating Income and about INR 787 Cr in PAT.
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