Muthoot FinCorp, a non-banking financial institution, has submitted its draft red herring prospectus (DRHP) to market regulator SEBI to launch an IPO worth ₹3,000 crore. The filing indicates that the public issue will consist solely of a fresh issuance of equity shares. The company, which operates under the Muthoot Pappachan Group, focuses mainly on providing loans against gold.

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