Muthoot Fincorp Files ₹3,000 Crore IPO Draft with SEBI

Muthoot Fincorp is a company in India that gives out loans, especially gold loans.

It wants to grow bigger and needs more money to do that.

So the company has asked India's market regulator, SEBI, for permission to sell parts of itself to the public.

This is called an IPO.

The company hopes to raise ₹3,000 crore, which is a very large amount of money.

It plans to use the money to make its finances stronger and give out more loans to people.

Muthoot is an old business — its group started in 1887.

Right now, it has more than 5,600 branches all over India, and millions of people use its digital platform.

The company is doing very well, since last year its profit grew a lot.

Selling shares to the public is a big step that can help a company grow even more.