The anticipated IPO will include a fresh issuance of equity shares with a face value of ₹10 each. The company noted that the issuance is dependent on market conditions, regulatory approvals, and other necessary clearances.
Additionally, the board sanctioned the subdivision of each equity share with a face value of ₹10 into five equity shares with a face value of ₹2 each, fully paid up, alongside the necessary alterations to the memorandum of association.
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Moreover, the company approved the raising of funds via a public issuance of non-convertible debentures (NCDs) amounting to ₹4,000 crore for the duration from July 1, 2026, to June 30, 2027.
The board further authorized raising up to ₹4,000 crore through the private placement of non-convertible debentures, perpetual debt instruments, and subordinated debt, contingent upon shareholder approval. The Stock Allotment Committee has been empowered to exercise authority regarding the issuance and allotment of securities as needed.
Muthoot Fincorp also approved fund raising through the issuance of commercial papers with a total issuance cap of ₹30,000 crore and a maximum outstanding limit of ₹10,000 crore at any given time.
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The non-bank lender reported a net profit of ₹1,640 crore for FY26, significantly higher than the ₹787 crore reported in FY25.
The IPO landscape has been quite dormant in FY26, following a bustling FY25, during which companies raised record sums. However, most IPOs during this period involved secondary transactions where existing investors were exiting, raising concerns about new issuances.
(Edited by : Jomy Jos Pullokaran)
