muthoot fincorp says ipo likely by end of

MuthootMuthoot FincorpFincorp says IPO likely by end of ‘12 says IPO likely by end of ‘12

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Muthoot Fincorp, a gold loan company, is Muthoot Fincorp, a gold loan company, is preparing to hit the capital market with an preparing to hit the capital market with an IPO over the next 12-15 months. IPO over the next 12-15 months.

Muthoot Fincorp is promoted by Kerala’s Muthoot Fincorp is promoted by Kerala’s Muthoot Pappachan Group and it has a Muthoot Pappachan Group and it has a gold loan portfolio of Rs 5,000 crore. gold loan portfolio of Rs 5,000 crore.

““We expect to complete a pre-IPO We expect to complete a pre-IPO placement of shares next year and then placement of shares next year and then the IPO will follow. the IPO will follow.

We are in talks with a few players for the We are in talks with a few players for the pre-IPO placement. Right now, we are a pre-IPO placement. Right now, we are a family-owned company. family-owned company.

We expect to hit the capital market in the We expect to hit the capital market in the last quarter of 2012 or first quarter of last quarter of 2012 or first quarter of 2013,” said Thomas Muthoot, executive 2013,” said Thomas Muthoot, executive director of Muthoot Fincorp.director of Muthoot Fincorp.

Muthoot said deal valuations and pricing Muthoot said deal valuations and pricing will be known closer to the transaction. will be known closer to the transaction.

Muthoot Fincorp is not related to its larger Muthoot Fincorp is not related to its larger rival Muthoot Finance, which raised Rs rival Muthoot Finance, which raised Rs 900 crore through an IPO in April early this 900 crore through an IPO in April early this year. year.

Muthoot Fincorp is a finance company Muthoot Fincorp is a finance company catering to the financial needs of retail and catering to the financial needs of retail and institutional customers and is registered institutional customers and is registered with the Reserve Bank of India as a with the Reserve Bank of India as a systemically important non-deposit taking systemically important non-deposit taking non-banking finance company (NBFC). non-banking finance company (NBFC).

It had a paid-up capital of Rs 181.25 crore It had a paid-up capital of Rs 181.25 crore and net owned funds of Rs 766.50 crore and net owned funds of Rs 766.50 crore as of September 30. as of September 30.

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