• By Elite Wealth
  • / August 9, 2022
  • / whatsnew

Muthoot Fincorp Ltd NCD Details

Issue size: Base Issue of Rs. 25,000 Lakhs with an option to retain oversubscription upto Rs. 25,000 Lakhs , aggregating to Rs. 50,000 Lakhs
Type and Nature of Instrument   Secured redeemable non-convertible debentures
Issue Price: Rs1,000/- each NCD
Face value: Rs1,000/- each NCD
Minimum Lot size: 1 (one) NCD
Market Lot: 1 (one) NCD
Minimum Application Size:  10 (ten) NCDs (i.e. Rs10,000/- (Rupees Ten Thousand Only) either taken individually or collectively across all or any series of NCDs
In Multiples of:  1 (one) NCD (Rs1,000) across all series of NCDs
Mode of allotment  In dematerialised form only
Credit Rating: The NCDs have been rated “Crisil A+ (Stable)” by CRISIL Limited
Rating agency: CRISIL Limited  
Public Issue Account Bank, Sponsor Bank and Refund Bank: Axis Bank Limited

Specific Terms of the Prospectus:

The terms of the NCDs offered pursuant to the Issue are as follows:

Nature Secured Secured Secured Secured Secured Secured secured
Tenure 27 Months 38 Months 48 Months 27 Months 38 Months 48 Months 96 Months
Frequency of Interest


Monthly Monthly Monthly Cumulati ve Cumulati ve Cumulati ve Cumulati ve
Minimum Application Rs. 10000 (10 NCDs)
In multiples, of 1 NCD after minimum application
Face Value of NCDs (₹


Rs.1000 (1 NCD)
Issue Price (₹ /NCD) Rs.1000 (1 NCD)
Mode of Interest

Payment/ Redemption

Through various options available
Coupon (%) per annum* 8.00% 8.25% 8.35% N.A. N.A. N.A. N.A.
Coupon Type Fixed
Redemption Amount (₹

/NCD) for Debenture


1,000 1,000 1,000 1,196 1,297 1,395 2,007
Effective Yield (%) (per annum)* 8.29% 8.56% 8.67% 8.29% 8.56% 8.66% 9.09%
Put and Call Option N.A.
Deemed Date of


September 6, 2022
*Maximum allotment under series VII is Rs.7,500 lakhs


Muthoot Fincorp Ltd NCD Application form