Muthoot Fincorp files draft papers for Rs 3,000 cr IPO to boost capital base

Muthoot Fincorp filed draft papers with Sebi for a Rs 3,000 crore IPO. The company aims to strengthen its capital base and fund business growth. Its gold loan business has seen significant expansion over two decades. Muthoot Fincorp reported increased profits and revenue in the last fiscal year. The diversified NBFC operates a large branch network and digital platform.