Muthoot Fincorp Approves Rs 4000 Crore IPO, Stock Split

"The proposed IPO is subject to market conditions, receipt of applicable approvals, regulatory clearances and other considerations," the company said.

In addition, the board also approved a stock split, subdividing each fully paid-up equity share with a face value of ₹10 into five equity shares with a face value of ₹2 each, along with the required
amendments to the memorandum of association.

The company further cleared a proposal to raise up to ₹4,000 crore through public issuance of non-convertible debentures (NCDs) between July 1, 2026 and June 30, 2027. It also plans to mobilise another ₹4,000 crore through private placement of debentures, perpetual debt instruments and subordinated debt, subject to shareholder approval.

The NBFC with a strong presence in the gold loan business said that its Board has approved fundraising through commercial papers with an overall issuance limit of Rs.30,000 crore with a maximum outstanding limit, at any point of time, of Rs.10,000 crore.

The Stock Allotment Committee has been authorised to oversee matters related to issuance and allotment of securities.

Muthoot FinCorp Limited (MFL), the flagship financial services company of the 139 year old Muthoot Pappachan Group (Muthoot Blue), along with its subsidiaries Muthoot Microfin Limited (MML) and Muthoot Housing Finance Limited (MHFL), announced its financial results for the Q4 of FY 2025–26. The consolidated net profit for FY26 rose 204 per cent to ₹1,847.62 crore, consolidated revenue rose 32 per cent to ₹11,227.80 crore. The consolidated AUM stood at ₹73,448.82 crore.