Muthoot Fincorp Limited is one of India’s premier non-banking financial companies (NBFCs) and serves as the flagship entity of the Muthoot Pappachan Group, also known as Muthoot Blue, which boasts a legacy of 138+ years. Muthoot Fincorp operates a vast network of nearly 3,700 branches across the country, facilitating transactions for 1,25,000 customers daily. Its diverse range of products and services includes Gold Loans, Small Business Loans, Money Transfers, Foreign Exchange, and Travel Services. Acting as a financial supermarket, these branches allow customers to easily access offerings from other Muthoot Blue Group companies, such as Two-Wheeler Loans, Used Car Loans, Insurance, Chits, Affordable Housing Loans, and Affordable Gold Jewelry, making financial services more accessible to everyone.
- Gold Loans
- Special Facility Under Gold Loan
- Small Business Loan
- Business Loan
- Home Loan
- Auto Loan
- Money Transfer
- Wealth Management Services
Muthoot Fincorp Limited is coming up with a public issue by the company of secured, redeemable, non-convertible debentures of face value ₹ 1,000 each (“NCDs” or “debentures”), for an amount up to ₹100 crores (“base issue size”) with an option to retain oversubscription up to ₹190 crores, aggregating up to ₹290 crores is being offered by way of this prospectus. The issue opens for subscription on Friday, July 04, 2025 and will close on Thursday, July 17, 2025. The allotment is on a first come first serve basis with the minimum application to be made is of 10 NCDs.
Muthoot Fincorp Limited NCD Details:
| Issue opens: | Friday, July 04, 2025 | |||
| Issue closes: | Thursday, July 17, 2025 | |||
| Allotment: | First Come First Serve Basis | |||
| Face Value: | Rs.1,000 per NCD | |||
| Nature of Instrument: | Secured Redeemable Non-Convertible Debentures | |||
| Minimum Application: | 10 NCDs (Rs.10, 000) & in multiple of 1 NCD thereafter | |||
| Listing: | BSE | |||
| Credit Rating: | “The Company has received rating of “Crisil AA-/Stable” (pronounced as Crisil double A minus rating with a Stable outlook) given by Crisil Ratings Limited | |||
| Issue Size: | Public issue by Muthoot Fincorp Ltd of up to 29,00,000 secured, redeemable, non-convertible debentures of face value ₹ 1,000 each, amounting up to ₹ 100 Crore (“Base Issue Size”) with an option to retain oversubscription of up to ₹ 190 Crore (“Green Shoe Option”) aggregating up to ₹ 290 Crore (“Tranche VI Issue Size” or “Tranche VI Issue”). | |||
| Registrar: | Integrated Registry Management Services Private Limited | |||
| Category | I – Institutional (“QIB”) | II – Non-Institutional (“Corporates”) | III – High Net worth Individual (“HNI”)
(Amount aggregating to above ₹ 10 lakh) |
IV – Retail Individual (“Retail”) (Amount aggregating up to and including ₹ 10 lakh) |
| Category Allocation of the overall Issue Size | 5 % of Overall Issue Size
|
20% of Overall Issue Size
|
25% of Overall Issue Size
|
50% of Overall Issue Size
|
Muthoot Fincorp Limited NCD
Application form
Issue Break Up:
| Category | Allocation | Amount in Crs. | |||
| Base issue Issue | |||||
| Institutional Investors | 5% | 5 | 14.50 | ||
| Non Institutional Investors | 20% | 20 | 58 | ||
| HNI | 25% | 25 | 72.50 | ||
| Retail Individual Investors | 50% | 50 | 145 | ||
| Total | 100% | 100 | 290 | ||
Specific Terms of the Prospectus:
The terms of the NCDs offered under the Issue are as follows:
| Options | I | II | III | IV | V | VI** | VII | VIII | IX | X | XI | XII | |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | |
| Tenure | 24 Months |
36 Months |
60 Months |
72 Months |
24 Months |
36 Months |
60 Months |
72 Months |
24 Months | 36 Months | 60 Months | 72 Months | |
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Annual | Annual | Annual | Cumulative | Cumulative | Cumulative | Cumulative | |
| Coupon (%) (per annum) for Debenture Holders in Category I, II, III and IV | 8.85% | 9.05% | 9.30% | 9.40% | 9.20% | 9.45% | 9.70% | 9.80% | NA | NA | NA | NA | |
| Redemption Amount (₹ /NCD) for Debenture Holders in Category I, II, III and IV*** | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 | ₹ 1,192.47 | ₹ 1,311.46 | ₹ 1,589.07 | ₹ 1,752.77 | |
| Effective Yield (%) (per annum) for Debenture Holders in Category I, II, III and IV | 9.22% | 9.43% | 9.70% | 9.81% | 9.20% | 9.44% | 9.69% | 9.80% | 9.20% | 9.45% | 9.70% | 9.80% | |
| Put and Call Option | N.A. | ||||||||||||
***Subject to applicable tax deducted at source, if any
** The Company shall allocate and allot Series IV (36 Months – Annual Option) NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.
For any queries related to the NCD, you can consult the team at Elite Wealth. Since Demat is mandatory for investing in this particular NCD, the investor must open a Demat account with a trusted broker like Elite Wealth.