This Article is From Dec 15, 2011

Muthoot Fincorp’s IPO to hit capital market by 2012

Muthoot Fincorp?s IPO to hit capital market by 2012

Speculation curbed


New Delhi:

Muthoot Fincorp, a part of Muthoot Pappachan Group, is all set to hit capital market with initial public offering (IPO) in next 12-15 months. The family owned gold loan company is envisaging completing the pre-IPO placement of shares by next year and will launch IPO by end of 2012 or first quarter of 2013. However, the IPO valuations and pricing will be disclosed closer to transaction.

The NBFC is registered with the Reserve Bank of India and has paid-up capital of 181.25 crore and a Net Owned Fund of Rs 766.50 crore as on September 30, 2011. The finance company presently catering to the needs of retail and institutional customers has gold loan portfolio of Rs 5,000 crore. Muthoot Fincorp has network of over 1590 branches pan India and hosts numerous services viz., Gold loans, Home loans, Auto loans, Loans against Property, Investment products and Advisory Services.