Muthoot FinCorp Rolls-out Tranche V NCD Series; aims to raise Rs. 350 crore
Muthoot FinCorp Rolls-out Tranche V NCD Series; aims to raise Rs. 350 crore Subscription window open from April 29 to May 13, 2025
Mumbai, April 29, 2025: Muthoot FinCorp Limited (MFL), the flagship company of the 138-year-old Muthoot Pappachan Group also known as Muthoot Blue, has announced the launch of the Tranche V series of secured and redeemable non-convertible debentures (NCDs) with a face value of Rs. 1000 each, scheduled for issuance on April 29th, 2025.
This offering is intended to support lending and financing activities, repay interest and principal on existing debt, and meet general corporate needs. Muthoot FinCorp aims to raise up to Rs. 350 crore, within the approved shelf limit of Rs. 2000 crore.
The Tranche V issue comprises a base size of Rs. 100 crore with a green shoe option of Rs. 250 crore, aggregating up to Rs. 350 crore (“Tranche V Issue”). The NCDs offer effective annual yields ranging from 9.00% to 10.00% across multiple tenure options of 24, 36, 60, and 72 months.
The NCD Tranche V will be open to the public till May 13, 2025, subject to early closure upon approval from the Board of Directors or the Stock Allotment Committee of the Company, and in accordance with applicable regulations 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 with a Stable outlook") by CRISIL Ratings Limited, indicating a high degree of safety for timely servicing of financial obligations. It is proposed that these instruments will be listed on the debt market segment of the BSE.
For individual investors applying through intermediaries (including syndicate members, stockbrokers, RTA, and depository participants), applications up to ?5 lakh must be made using UPI for fund blocking, along with a valid UPI ID. Investors can also apply through other modes, including SCSBs and the Stock Exchange platform.
Muthoot FinCorp has enabled seamless investments via the Muthoot FinCorp ONE app, allowing customers to invest anytime, anywhere. The app-based UPI investing mechanism complements the company’s robust offline network of 3,700+ branches.
“We are pleased to announce the launch of our new NCD series, offering investors a secure and high-yield investment opportunity. Participation is made seamless through our extensive network of over 3,700 branches, our mobile app - Muthoot FinCorp ONE for investments up to ?5 lakhs and through partner network. This initiative reflects our continued commitment to providing innovative and accessible financial solutions that align with the evolving needs of our customers,” said Shaji Varghese, CEO – Muthoot FinCorp Limited.
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About Muthoot FinCorp
Muthoot FinCorp Limited, the flagship company of 138-year-old business conglomerate Muthoot Pappachan Group, is India’s leading Non-Banking Financial Company (NBFC) with an aim to transform the lives of common man by ensuring their financial wellbeing through an array of varied products and services. The Company today offers more than two dozen products and services through its 3700+ branches across India and aims to serve the underbanked, to be their most trusted financial partner, and ensure financial inclusion of every household in India. Muthoot FinCorp’s long-standing experience, expertise and stronghold in the semi urban and rural areas has enabled the company to provide quick & customized finance options to the masses.
About Muthoot Pappachan Group
Founded in 1887, Muthoot Pappachan Group (MPG) is a significant entity in the Indian business landscape with nationwide presence and tailor-made products and services for its customers. The Group which planted its roots in retail trading, later diversified into various sectors including Financial Services, Hospitality, Automotive, Realty, IT Services, Precious Metals, and Alternate Energy. With Muthoot FinCorp Limited as its Flagship Company and Bollywood icon Shah Rukh Khan as its brand ambassador, Muthoot Pappachan Group (MPG) today stands as a formidable presence in India. With over 47000 Muthootians and a vast network of over 5200 branches across the country, the Group is deeply committed to Environmental, Social, and Governance (ESG) excellence aiming to create a long-term value for its stakeholders while contributing to a more sustainable and equitable future. Muthoot Pappachan Foundation, the CSR arm of the group facilitates the CSR activities for the entire Group companies focusing on Health, Education, Environment and Livelihood (HEEL).
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