The flagship company of the 138-year-old Muthoot Pappachan Group (Muthoot Blue) announces Tranche VI NCD
FinTech BizNews Service
Mumbai, July 4, 2025: Muthoot FinCorp Limited (“MFL” or “Company”), the flagship company of the 138-year-old Muthoot Pappachan Group (Muthoot Blue), has announced the launch of the secured and redeemable non-convertible debentures (“NCDs”) with a face value of Rs.1,000 each, scheduled to open on Friday, July 04, 2025.
The Tranche VI Issue has a base size of Rs.10,0 crore with green shoe option of Rs190 crore , aggregating to Rs.290crore ("Tranche VI Issue"). The NCDs under the Tranche VI Issue are being offered with maturity/tenure options of 24, 36, 60 and 72 months, with monthly, annual and cumulative interest payment options. Effective yield (per annum) for the NCD holders in all categories of investors ranges from 9.20% to 9.80%.
This offering is intended to support lending, financing and for repayment/prepayment of interest and principal on existing borrowings, and to meet general corporate requirements. Muthoot FinCorp aims to raise up to of Rs.290 crore which is within the Shelf Limit of 2000 crore.
The NCD Tranche VI will be available to the public from Friday, July 4, 2025 to Thursday, July 17, 2025, subject to early closure with prior approval of the Board of Directors or the Stock Allotment Committee of the Company, and as per applicable regulation under Regulation 33A of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended (SEBI NCS Regulations).
These NCDs have been rated “Crisil AA-/Stable” (pronounced as Crisil double A minus rating with a Stable outlook) by Crisil Ratings Limited, reflecting the high degree of safety regarding timely service of financial obligations. It is proposed that these NCDs will be listed on the debt market segment of the BSE.
All individual investors applying through intermediaries (viz. syndicate members, registered stock brokers, registrar to an issue and transfer agent and depository participants), where the application amount is upto Rs5 lakh, shall only use UPI for the purpose of blocking of funds and provide his/ her bank account linked UPI ID in the bid-cum-application form submitted with intermediaries. However, individual investors shall continue to have the choice of availing other modes (viz. through SCSBs and Stock Exchange Platform) for making an application in the public isuue. Muthoot FinCorp has accelerated ease of investments through the Muthoot FinCorp ONE app, where customers can invest at any time and from anywhere. The UPI investing through an app reinforces the firm's strong offline network of 3,700+ branches.
“We are delighted to introduce our new NCD series, presenting investors with a safe, high-return investment proposition. With easy accessibility via our extensive network of more than 3,700 branches, digital platform Muthoot FinCorp ONE (for investments of up to Rs.5Lakh), and partner ecosystem, this launch is a further testimony to our promise of bringing innovative, inclusive, and customer-centric financial solutions that address the changing needs of modern-day investors.” said Shaji Varghese, CEO – Muthoot FinCorp Limited.
