Muthoot Fincorp NCD October Tranche II 2023 FAQ's

[.]| Listing at BSE | Fri, Oct 13, 2023 - Fri, Oct 27, 2023

Muthoot Fincorp NCD October Tranche II 2023 Date & Price

The Muthoot Fincorp NCD October Tranche II 2023 issue opens on October 13, 2023 and closes on October 27, 2023. for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day. The allotment is done on a First Come First Serve Basis.

Muthoot Fincorp NCD October Tranche II 2023 Issue Timetable

Bid/Offer Opens OnOctober 13, 2023
Bid/Offer Closes OnOctober 27, 2023

Sorry, `Muthoot Fincorp NCD October Tranche II 2023` DRHP PDF Document is not available at this time.


Muthoot Fincorp NCD October Tranche II 2023 Red Herring Prospectus (RHP) PDF

Muthoot Fincorp NCD October Tranche II 2023 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for Muthoot Fincorp NCD October Tranche II 2023 is Monthly, Annual and Cumulative.

Each application should be for a minimum of 10 NCD and multiples of 1 NCD thereof.

Muthoot Fincorp NCD October Tranche II 2023 remains open for subscription on working days from 10:00 a.m. to 5:00 p.m until October 27, 2023. The bid may close earlier in case it is fully subscribed.

Muthoot Fincorp Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10
Frequency of Interest PaymentMonthlyMonthlyMonthlyAnnualAnnualAnnualCumulativeCumulativeCumulativeCumulative
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor24 Months36 Months60 Months24 Months36 Months60 Months24 Months36 Months60 Months96 Months
Coupon (% per Annum)8.65%8.90%9.05%9.00%9.27%9.44%NANANANA
Effective Yield (% per Annum)8.99%9.26%9.42%8.99%9.26%9.43%8.99%9.26%9.43%9.05%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,188.00Rs 1,305.00Rs 1,570.00Rs 2,001.00

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 24, 36, 60 and 96 Months.

The following categories of persons are eligible to apply in the Issue:

  • Category 1 - Institutional Investors including banks, provident funds, pension funds, Mutual Funds, Insurance Companies, NBFC Companies and National Investment Fund.
  • Category 2 - Non-Institutional Investors including Co-operative banks, Public/private charitable/ religious trusts, Partnership firms, Limited Liability Partnerships LLP Firms.
  • Category 3 - High Net-worth Individuals (HNIs) including retail investors who apply for above ₹10 lakhs.

Muthoot Fincorp NCD October Tranche II 2023 Issue Size and Subscription Status

The Muthoot Fincorp NCD October Tranche II 2023 consists of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹750.00 Cr
  • NCD Shelf Issue Size: ₹1,100.00 Cr

Note that the Shelf issue is an option to retain oversubscription up to the shelf issue size over and above the base issue.

Shares offered in Muthoot Fincorp NCD October Tranche II 2023 are as below:

Muthoot Fincorp NCD October Tranche II 2023 Shares Offered by Category

Category 1 (QIB)37500
Category 2262500
Category 3 (HNI)450000
Category 4 (Retail)0

No, NRI's are not eligible to apply in this Issue.

  1. Minors without a guardian name
  2. Foreign nationals
  3. Persons resident outside India
  4. Foreign Portfolio Investors
  5. Foreign Venture Capital Investors
  6. Qualified Foreign Investors
  7. Overseas Corporate Bodies
  8. Persons ineligible to contract under applicable statutory/regulatory requirements

You could check Muthoot Fincorp NCD October Tranche II 2023 NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

Muthoot Fincorp NCD October Tranche II 2023 Allotment and Listing

The NCD's are proposed to be listed on BSE.

Applicants are allocated NCD's on a First Come First Serve Basis.

You can check Muthoot Fincorp Ltd. allotment status on the registrar’s website using your PAN or application number, or on the BSE/NSE website under the debt issue section. If allotted, the NCDs will be credited to your demat account and visible through your broker.

It is hard to say at what price Muthoot Fincorp NCD October Tranche II 2023 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

Muthoot Fincorp NCD October Tranche II 2023 NCD - Should I apply?

The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

Sorry, we do not provide NCD recommendations. But we share a lot of information about Muthoot Fincorp NCD October Tranche II 2023 which could help you with questions like Muthoot Fincorp NCD October Tranche II 2023 buy or not? You should also read Muthoot Fincorp NCD October Tranche II 2023 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

Muthoot Fincorp Ltd. NCD listing day gains are unpredictable as it depends on many factors on the day of listing. It depends on factors like the demand, the market situation on the day of listing, NCD issue size, etc.