Gold loan provider Muthoot FinCorp files for ₹3,000-crore IPO

Non-banking financial company Muthoot FinCorp has filed its draft red herring prospectus (DRHP) with SEBI to raise ₹3,000 crore through an IPO. According to the DRHP, the IPO will entirely comprise a fresh issue of equity shares. Muthoot FinCorp, part of the Muthoot Pappachan Group, is primarily engaged in gold-backed lending.