Muthoot Fincorp Limited

Muthoot Fincorp Limited

Closes on 13 May
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Bonds IPO details

IPO opening date
29 Apr, 2025
IPO closing date
13 May, 2025
Allotment date
19 May, 2025
Listing date
21 May, 2025
Face value
₹1,000.00/unit
Minimum investment
₹10,000.00
IPO size
₹100.00 crores
IPO document
Rating
AA-
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About

Headquartered in Kerala, Muthoot Fincorp Limited is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) and engaged primarily in offering gold loans. These loans are secured by gold jewellery and cater to individuals who face challenges accessing formal credit. They include Muthoot Blue Super Value Loan, Easy Blue, and 24x7 Express Gold loan. In addition to gold loans, the company provides foreign exchange and money transfer services as a sub-agent of registered agencies. Muthoot Fincorp is also involved in the generation and sale of wind energy in Tamil Nadu and engages in real estate activities through joint ventures.Muthoot Fincorp has 3,736 branches across 25 states and employs over 26,000 people. The company has recently been authorised to act as a corporate agent under the Insurance Act, 1938.;

Pros and Cons

Pros
Cons
Over 20 years in the gold loan business with strong brand recognition, especially in South India.
Operates 3,736 branches across 25 states, enabling deep rural and semi-urban penetration.
Ties with nationalised and private banks help secure capital at competitive rates.
Rated Crisil AA-/Stable, reflecting relatively strong creditworthiness for NCDs.
PAT rose from ₹412.55 Cr (FY22) to ₹1,047.98 Cr (FY24), showing strong profitability.

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