[.]| Listing at BSE | Fri, Jul 4, 2025 - Thu, Jul 10, 2025
Muthoot Fincorp Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture , issued under a Shelf Prospectus of ₹2,000.00 Cr with a base issue size of ₹100.00 Cr and an option to retain oversubscription up to ₹190.00 Cr, aggregating to a tranch issue size of ₹290.00 Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Muthoot Fincorp Ltd. NCD issue opens on Jul 4, 2025 and closes on Jul 10, 2025. NCD are proposed to be listed on BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from 8.85% per annum to 9.80% per annum, depending on the series and tenure selected.
The NCD has been rated: AA- Positive by Crisil Ratings Limited.
Nuvama Wealth Management Ltd. is the Lead Manager to the issue, Vardhman Trusteeship Pvt.Ltd. is the Debenture Trustee, and Integrated Registry Management Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Tranche Offer Document and Shelf Prospectus for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Fri, Jul 4, 2025
Close Date
Thu, Jul 10, 2025
Issue Size (Tranche)
₹290.00 Cr
Muthoot Fincorp Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | Series 11 | Series 12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Annual | Annual | Annual | Cumulative | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 36 Months | 60 Months | 72 Months | 24 Months | 36 Months | 60 Months | 72 Months | 24 Months | 36 Months | 60 Months | 72 Months |
| Coupon (% per Annum) | 8.85% | 9.05% | 9.30% | 9.40% | 9.20% | 9.45% | 9.70% | 9.80% | NA | NA | NA | NA |
| Effective Yield (% per Annum) | 9.22% | 9.43% | 9.70% | 9.81% | 9.20% | 9.44% | 9.69% | 9.80% | 9.20% | 9.45% | 9.70% | 9.80% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,192.47 | Rs 1,311.46 | Rs 1,589.07 | Rs 1,752.77 |
Muthoot Fincorp Ltd. NCD Rating given as following :
| S.No. | Rating Agency | NCD Rating | Outlook | Safety Degree | Risk Degree |
|---|---|---|---|---|---|
| 1 | Crisil Ratings Limited | AA- | Stable | High degree of safety | Very low credit risk |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 38,704.14 | 32,134.61 | 28,422.34 |
| Revenue | 6,584.52 | 5,151.33 | 4,355.13 |
| Profit After Tax | 1,047.98 | 646.42 | 412.55 |
| Net Worth | 5,796.46 | 4,257.18 | 3,731.16 |
| Amount in ₹ Crore | |||
| Category | Allocated (%) | Shares Reserved |
|---|---|---|
| Institutional | 5.00% | 50,000 |
| Non-Institutional | 20.00% | 2,00,000 |
| HNI | 25.00% | 2,50,000 |
| Retail | 50.00% | 5,00,000 |
| Total | 100.00% | 10,00,000 |
Incorporated in 1997, Muthoot Fincorp Limited is a non-deposit-taking NBFC. The company primarily offers personal and business loans secured by gold ornaments and jewellery. The gold loan product is available for both personal and business purposes, meeting individuals' short-term liquidity requirements.
The company's gold loan portfolio comprised around 33.79 lakhs and 30.46 lakhs of loan accounts as of September 30, 2024, and March 31, 2024, respectively.
As of March 31, 2025, the Company operated 3,736 branches across 25 states, including the Andaman and Nicobar Islands and Delhi, employing 26,723 staff, including 92 contracted experts.
The company offers the following gold loan products, among others:
Apart from gold loans, the company also offers foreign exchange and money transfer services as a sub-agent of various registered money transfer agents. Muthoot Fincorp also operates in the following business segments:
Generation and sale of wind energy through its wind farms in Tamil Nadu, and real estate business through joint venture developers of the company's properties.
The following table details the objects of this Tranche IV and the amount to be financed from the Net Proceeds:
[Dilip Davda] This is the 25th debt issue from this company since July 2014. The last debt issue was in April 2025. The issue is rated as CRISIL/AA- Stable by CRISIL Ltd. It has reduced the higher coupon rates by 0.20%. There is no harm in skipping this debt issue with lower interest rates. Read detail review...
The Muthoot Fincorp NCD Tranche VI July 2025 was subscribed 3.91 times on Jul 10, 2025 13:00. The NCD subscribed 4.30 times in Retail, 3.23 times in HNI, 3.81 times in Non-Institutional, and 3.80 times in Institutional category.
Muthoot Fincorp Ltd.
Muthoot Centre,
TC No 27/3022,
Punnen Road,
Thiruvananthapuram, Kerala, 695001
Integrated Registry Management Services Pvt.Ltd.
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Muthoot Fincorp Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
