Muthoot FinCorp Plans Rs 2,800 Crore IPO Amid Market Volatility

Muthoot FinCorp, a Kerala-based gold loan-focused non-banking financial company distinct from the listed Muthoot Finance, is reportedly planning an initial public offering (IPO) that could raise around Rs 2,800 crore (approximately $300 million). The company is in discussions with investment bankers, though no formal appointment has been made. The IPO may include fresh shares and an offer for sale by existing investors, with listing expected later this year amid volatile market conditions and subdued investor sentiment.