IPO Guru
IPO Guru
Bajaj
Muthoot Fincorp ₹228 ▲ 0.0% 1M
Buy Sell
IPO announced

Muthoot Fincorp is heading for an IPO

An IPO has been announced. Issue details are on the IPO page.

Status
Awaiting dates
Live price starts on listing day
View Muthoot Fincorp IPO

Muthoot Fincorp Unlisted Shares

Financial Services Gold loan NBFC IPO: DRHP filed with SEBI

Muthoot FinCorp is a diversified NBFC of the Muthoot Pappachan Group, anchored by gold loans. It runs 5,610 branches and 326 processing centres across 25 states and union territories and has filed its DRHP with SEBI.

Read the full company profile
Indicative price
As of 23 Oct 2026
₹228 ▲ 0.00% in 1 month
Dealer quotes: ₹224 – ₹228 across 2 dealers
Key facts

Muthoot Fincorp share details

Lot size
1,000 shares
Min. investment
₹228,000
Face value
₹2
Implied market cap
₹24,038 Cr
Shares outstanding
1,054,285,730
Website
muthootfincorp.com
ISIN
INE549K01025
CIN
U65929KL1997PLC011518
Lock-in after IPO
6 months
Price history

Muthoot Fincorp share price chart

1Y change
-13.96%
High
₹1,325
Low
₹214

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

IPO journey

Muthoot Fincorp IPO status: DRHP filed with SEBI

Muthoot Fincorp has filed its draft offer document with SEBI. SEBI reviews it before the company can launch an IPO.

  1. 17 Aug 2026
    DRHP filed with SEBI
DRHP details & financials
About

About Muthoot Fincorp

Muthoot FinCorp Limited is a non-banking finance company registered with the RBI. Gold loans are its main business. It also offers business loans, loans against property, supply chain financing, digital loans, microfinance, housing loans, and fee-based products like insurance, payments and savings. Its customers are mostly underserved households and small businesses: salaried and self-employed families, small shop owners, traders, vendors, farmers and women entrepreneurs. As of March 31, 2026, the company had 5,610 branches and 326 processing centres in 25 states and union territories, with 2.85 million active loan customers and 47,323 employees. It also runs a digital platform called Muthoot FinCorp ONE. On the numbers, the restated consolidated financials show revenue from operations of ₹112,038.11 million in FY26, against ₹84,976.49 million in FY25. Profit for the year was ₹18,476.24 million in FY26 and ₹6,079.90 million in FY25. Assets under management stood at ₹734,447.19 million at the end of FY26, of which gold loans were ₹493,312.01 million. Total borrowings were ₹560,583.41 million. The company is promoter-led. The promoters are Thomas John Muthoot, Thomas George Muthoot, Thomas Muthoot, Preethi John Muthoot and six family trusts. As per the DRHP, promoters hold 91.24% of the pre-issue fully diluted share capital. The company filed its DRHP with SEBI on 17 August 2026 for a fresh issue of up to ₹30,000.00 million. The Net Proceeds are meant to strengthen its Tier I capital base for onward lending. The listing is proposed on BSE and NSE. No issue price or dates are fixed yet. Unlisted shares of a company like this trade off-market through dealers and platforms. Prices are indicative, not exchange prices. IPO Guru shows an indicative price of ₹228 with a lot size of 1000 shares as of 2026-10-08.

Strengths

  • Gold loan AUM was ₹493,312.01 million at the end of FY26, up from ₹269,921.73 million a year earlier. The DRHP cites CRISIL for a 59.04% CAGR in gold loan AUM between March 31, 2024 and March 31, 2026.
  • Profit for the year rose to ₹18,476.24 million in FY26 from ₹6,079.90 million in FY25. Return on equity was 27.98% against 14.34% a year before.
  • The customer base is granular. There were 2.85 million active loan customers at March 31, 2026, and the company says no borrower is material to its revenue.
  • Asset quality improved. Gross NPA was 1.03% and Net NPA was 0.57% in the KPI table for FY26, against 1.98% and 1.29% in FY25.
  • Distribution is wide and increasingly digital. There were 5,936 branches and processing centres in FY26, and 99.95% of disbursements were made through digital channels.
  • Secured loans made up 78.09% of AUM in FY26, up from 71.42% in FY25.
  • The company is part of the Muthoot Pappachan Group, and its promoter family has long experience in financial services.

Risks

  • Gold loans were 67.17% of AUM at March 31, 2026. A sharp fall in gold prices could hurt collateral value and earnings.
  • Borrowings were ₹560,583.41 million at the end of FY26, and the debt to equity ratio was 6.56 times. The business depends on continued access to funding.
  • Net cash used in operating activities was ₹195,996.41 million in FY26 despite the profit, because the loan book grew fast. Growth is funded mainly by borrowing.
  • Profit fell to ₹6,079.90 million in FY25 from ₹10,479.78 million in FY24, so earnings have not been steady every year.
  • The DRHP's own risk summary reports GNPA of 1.61% and NNPA of 0.74% at March 31, 2026, different from the KPI table, and says NPAs may rise if customers default.
  • Gold is handled across a dispersed branch network. Risks include wrong purity assessment, employee fraud, theft and cash misappropriation.
  • A majority of branches are in Karnataka, Andhra Pradesh, Telangana, Tamil Nadu and Kerala, which contributed 54.97% of AUM.
  • The company is regulated by the RBI and NHB and is subject to inspections. Rule changes or non-compliance could affect the business.
  • The business relies on the Muthoot and Muthoot Pappachan brand names, and losing the right to use them would hurt its position.
  • The DRHP lists 25 criminal proceedings and 137 statutory or regulatory proceedings against the company, and the promoters face their own matters.
Financials

Muthoot Fincorp financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY26Latest FY25 FY24
Revenue (₹ Cr) 11,204 8,498 6,543
EBITDA (₹ Cr) 6,936 4,544 4,472
PAT (₹ Cr) 1,848 608 1,048
EBITDA Margin (%) 61.91 53.47 68.35
PAT Margin (%) 16.49 7.15 16.02
RoNW (%) 25.83 11.25 23.24
EPS (₹) 18.12 7.34 9.14
Book Value (₹) 84.18 65.69 60.00
Debt / Equity 7.84 6.67 6.80
Total Assets (₹ Cr) 67,669 45,456 38,704
Net Worth (₹ Cr) 7,152 5,403 4,510

Swipe the table sideways for earlier years →

Leadership

Management team

Thomas John Muthoot
Chairman and Managing Director
Promoter, associated with the company since incorporation, with over 40 years in financial services.
Thomas George Muthoot
Whole Time Director (Joint Managing Director)
Promoter with over 40 years in financial services and secretary of AGLOC.
Thomas Muthoot
Whole Time Director (Joint Managing Director)
Promoter who leads the group's microfinance initiatives, with over 37 years in financial services.
Preethi John Muthoot
Non-Executive Director
Promoter and director of several group companies.
Shaji Varghese
Chief Executive Officer
Key Managerial Personnel of the company.
Joseph Oommen
Chief Financial Officer
Key Managerial Personnel of the company.
Sachu Sivas
Company Secretary and Compliance Officer
Key Managerial Personnel of the company.
Corporate events

Events & announcements

Event Date File
DRHP filed with SEBI IPO filing
17 Aug 2026

Muthoot Fincorp filed its draft red herring prospectus with SEBI, the first public step towards an IPO.

17 Aug 2026
—
Ready to invest?
CDSL · NSDL T+1 SETTLEMENT NO FEE

Buy or sell Muthoot Fincorp unlisted shares

Get a live quote on WhatsApp in under 60 seconds. Current price ₹228. Shares are delivered to your own demat in 24–48 hours, never to a custodian.

Indicative off-market price, not an exchange quote. Read the disclaimer.

Buy Muthoot Fincorp Sell Muthoot Fincorp
FAQs

Muthoot Fincorp unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

Share