Muthoot Fincorp has filed draft papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise Rs 3,000 crore through an Initial Public Offering (IPO) to strengthen its capital base. The IPO is entirely a fresh issue of equity shares.
Proceeds from the fresh issue will be used to augment the company's Tier-I capital base to meet future capital requirements, including funding onward lending and supporting the growth and expansion of its business. Kotak Mahindra Capital Company, Morgan Stanley India Company, JM Financial and SBI Capital Markets are the book running lead managers to the issue.
Muthoot Fincorp is a diversified Non-Banking Financial Company (NBFC), with gold loans as its flagship business. Its portfolio also includes business loans, loans against property, supply chain financing, digital loans, microfinance and housing loans, among others.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 1090.00 |
| Shriram Finance | 1121.00 |
| Aditya Birla Capital | 400.20 |
| Chola Invest & Fin. | 1888.05 |
| Muthoot Finance | 2890.00 |
| View more.. | |
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