Muthoot FinCorp looks beyond gold loans with ₹3,000 crore IPO
A ipo & listings development with market-wide reach.
· Business Today Mkts
Proposed fresh issue will bolster Tier I capital and support onward lending, while the NBFC looks to deepen its gold loan reach and expand beyond its core business.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- Sectors in the story: Capital Goods & Engineering and Capital Markets.
Capital Goods & Engineering
1M -8.8% · 3M -4.8%
Capital Markets
1M -0.1% · 3M -5.1%
Sector moves are the average of the stocks we track in each sector.
In this story
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