Muthoot Mercantile Limited NCD: Important Details to Checkout

Muthoot Mercantile NCD issue opens on March 28, 2025 and closes on April 15, 2025. It is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs). The overall issue size is Rs 50 crores. The NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD. 

The allotment is on a first-come, first-serve basis. The listing is on BSE (Bombay Stock Exchange), and the tenor is 36, 73, Months and 400 days. The lead manager of Muthoot Mercantile Limited NCD is Vivro Financial Services Private Limited, and the registrar of this NCD is Kfin Technologies Limited.

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Muthoot Mercantile Limited: About the Company

Muthoot Mercantile Limited (MML), founded in 1997, is a registered Non-Banking Financial Company (NBFC) with the Reserve Bank of India. It is a principal unit of the Muthoot Ninan Group, which has its origins in 1939 when it was established by M. Ninan Muthoot.

The company deals in lending loans against gold security, in addition to extending health insurance, foreign exchange services, and money transfer solutions.

Having a good network of branches in some Indian states like Kerala, Tamil Nadu, and Maharashtra, Muthoot Mercantile targets to build long-term relationships with clients and win their trust. Muthoot Mercantile holds ethical practice and transparency above everything else and maintains the safety and customer-friendly aspect of the gold loan. According to recent updates, Muthoot Mercantile is expanding its network of branches and enjoys a strong financial position and hence is a reliable choice in financial services for the region.

Muthoot Mercantile NCD: Objectives

The Company plans to utilize the net proceeds from the Issue, after deducting issue-related expenses, to fund onward lending, financing activities and repayment or prepayment of principal and interest on existing borrowings. Certain portion of the funds will be allocated for general corporate purposes.

Muthoot Mercantile NCD: Important Details

Muthoot Mercantile Limited: Financial Performance (Amt in Rs Crore)

Muthoot Mercantile Limited reported a revenue of Rs 131.78 crore and profit after tax of Rs 25.31 crore for the period ending on March 31 2024. The company's revenue increased by 39.20% and Profit After Tax (PAT) increased by 39.14% for the period ending March 31, 2024.

Coupon Rates of Muthoot Mercantile Limited NCD

Muthoot Mercantile NCD Rating, NCD Review

Muthoot Mercantile NCD have received a rating of IND BBB/Stable by India Ratings & Research Private Limited. 

How do I apply for Muthoot Mercantile Limited NCD?

You can click here to apply for the Muthoot Mercantile NCD.

FAQs

1.      What is NCD?

A Non-Convertible Debenture is a fixed-income financial instrument that cannot be converted into equity shares and pays a fixed rate of interest to investors over a specific period. To read more about NCDs click here.

2.      When will the Muthoot Mercantile Limited NCD be open for subscription?

Muthoot Mercantile Limited NCD issue opens on March 28, 2025, and closes on April 15, 2025.

3.      What is the issue size and price of the NCD?

The overall subscription issue size is Rs 50 crores. Muthoot Mercantile NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD.

4.      How can I apply for the Muthoot Mercantile Limited NCD?

You can click here to apply for the Muthoot Mercantile NCD. 

5.      Who is appointed as a registrar of Muthoot Mercantile Limited NCD?

Kfin Technologies Limited is appointed as the registrar for Muthoot Mercantile NCD.

6.      Lead manager for the Muthoot Mercantile Limited NCD?

Vivro Financial Services Private Limited is the lead manager for this NCD issue.