Muthoot Fincorp, a gold loan company, is preparing to hit the capital market with an IPO over the next 12-15 months. Muthoot Fincorp is promoted by Kerala’s Muthoot Pappachan Group and it has a gold loan portfolio of Rs 5,000 crore.

“We expect to complete a pre-IPO placement of shares next year and then the IPO will follow. We are in talks with a few players for the pre-IPO placement. Right now, we are a family-owned company. We expect to hit the capital market in the last quarter of 2012 or first quarter of 2013,” said Thomas Muthoot, executive director of Muthoot Fincorp.

Muthoot said deal valuations and pricing will be known closer to the transaction. Muthoot Fincorp is not related to its larger rival Muthoot Finance, which raised Rs 900 crore through an IPO in April early this year.

Muthoot Fincorp is a finance company catering to the financial needs of retail and institutional customers and is registered with the Reserve Bank of India as a systemically important non-deposit taking non-banking finance company (NBFC). It had a paid-up capital of Rs 181.25 crore and net owned funds of Rs 766.50 crore as of September 30.