Muthoot Fincorp plans ₹4,000-crore IPO, board approves stock split

The company said the issue is subject to shareholder approval, market conditions, regulatory clearances, and other applicable approvals. It did not disclose a timeline for the offering.

The board also approved a stock split, subdividing equity shares with a face value of ₹10 into five shares of ₹2 each.

Muthoot Fincorp reported a net profit of ₹1,640 crore for FY26, compared with ₹787 crore in FY25.

Separately, the company approved plans to raise up to ₹4,000 crore through the public issuance of non-convertible debentures (NCDs) and an equivalent amount through private placements. It also approved a commercial paper programme with an overall limit of ₹30,000 crore.