Muthoot Mercantile NCD December 2023 Description – Muthoot Mercantile is a non-banking financial company engaged in the business of lending loans against the security of Gold, Investments, Health Insurance, Forex Services, and Money Transfer. The company has been in the money lending business for decades, mainly focused on small-scale lending against households and used gold jewellery. Over the course of 84 years, the company has evolved its operations.
As of 31 August 2023, Muthoot Mercantile disbursed Gold Loan and Pronote Loan to the customers from a network of 224 branches of the company in 8 states and union territories of India namely Tamil Nadu, Kerala, Haryana, Maharashtra, Madhya Pradesh, Odisha, Punjab, Uttar Pradesh and Delhi. As of 31 August 2023, it employed 722 persons in the operations.
The Gold Loan portfolio as of 31 August 2023 comprised approximately 0.72 lakh customers aggregating a principal amount of INR 549.63 crores in Gold Loan, which accounted for 96.48% of its total loans. The Gold Loan portfolio as of 31 August 2023, FY2023, 2022, and 2021 had outstanding principal amounting to INR 549.63 crores, INR 494.70 crores, INR 332.56 crores, and INR 284.69 crores respectively, and has grown at a CAGR of 31.29% from FY 2021 to 31 August 2023.
Promoters of Muthoot Mercantile – Mathew Mathaininan, and Richi Mathew
Muthoot Mercantile NCD December 2023 Details
| Subscription Dates | 4 – 15 December 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base Issue) | INR 100 crores |
| Overall Issue Size (including oversubscription) | INR 200 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 367 days 18 months 24 months 36 months 60 months 75 months |
| Credit Rating | IND BBB/Stable |
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 40% Category 3 (Retail): 50% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
Muthoot Mercantile NCD December 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 367 days | Monthly | 9.50% | 9.92% | INR 1,000 |
| Series 2 | 367 days | Cumulative | NA | 9.75% | INR 1,097.50 |
| Series 3 | 18 months | Monthly | 9.65% | 10.09% | INR 1,000 |
| Series 4 | 18 months | Cumulative | NA | 9.77% | INR 1,150.00 |
| Series 5 | 24 months | Monthly | 9.75% | 10.20% | INR 1,000 |
| Series 6 | 24 months | Cumulative | NA | 9.77% | INR 1,205.00 |
| Series 7 | 36 months | Monthly | 10.25% | 10.75% | INR 1,000 |
| Series 8 | 36 months | Cumulative | NA | 10.18% | INR 1,337.50 |
| Series 9 | 60 months | Monthly | 10.50% | 11.02% | INR 1,000 |
| Series 10 | 60 months | Cumulative | NA | 9.61% | INR 1,582.50 |
| Series 11 | 75 months | Cumulative | NA | 11.73% | INR 2,000 |
Muthoot Mercantile Non-Convertible Debentures Lead Manager
VIVRO FINANCIAL SERVICES PRIVATE LIMITED
607/608 Marathon Icon, Opp. Peninsula
Corporate Park Off. Ganpatrao Kadam Marg,
Veer Santaji Lane, Lower Parel,
Mumbai-400 013, Maharashtra, India
Phone:Â +91 22 6666 8040/41/42
Email:Â [email protected]
Website: www.vivro.net
Muthoot Mercantile Non-Convertible Debentures Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone:Â +91 40 6716 2222
Email:Â [email protected]
Website:Â www.kfintech.com
Muthoot Mercantile Documents
- Muthoot Mercantile NCD Prospectus
- Muthoot Mercantile NCD Draft Prospectus
- Upcoming NCDs
Muthoot Mercantile Contact Details
MUTHOOT MERCANTILE LIMITED
1st Floor, North Block, Muthoot Floors,
Opposite W&C Hospital, Thycaud,
Thiruvananthapuram 695 014, Kerala
Phone: +91-471-277-4800
Email: [email protected]
Website: www.muthootenterprises.com
Muthoot Mercantile NCD December 2023 Subscription Status (no. of times)
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| 15 Dec 2023 | 0.00 | 1.35 | 1.22 | 1.15 |
| 14 Dec 2023 | 0.00 | 1.20 | 1.11 | 1.03 |
| 13 Dec 2023 | 0.00 | 1.01 | 1.02 | 0.91 |
| 12 Dec 2023 | 0.00 | 0.93 | 0.96 | 0.85 |
| 11 Dec 2023 | 0.00 | 0.84 | 0.89 | 0.78 |
| 8 Dec 2023 | 0.00 | 0.65 | 0.75 | 0.64 |
| 7 Dec 2023 | 0.00 | 0.63 | 0.69 | 0.59 |
| 6 Dec 2023 | 0.00 | 0.58 | 0.61 | 0.54 |
| 5 Dec 2023 | 0.00 | 0.52 | 0.53 | 0.47 |
| 4 Dec 2023 | 0.00 | 0.35 | 0.37 | 0.33 |
Muthoot Mercantile NCD December 2023 Allotment Status
Muthoot Mercantile NCD December 2023 allotment status will be updated on the website of KFin Technologies’ website. Click on this link to get the allotment status.
Muthoot Mercantile NCD December 2023 FAQs
What is the face value and lot size of Muthoot Mercantile NCD December 2023?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Muthoot Mercantile NCD December 2023?
The frequency of payment for Muthoot Mercantile NCD is Monthly and cumulative.
What is the basis of allotment in Muthoot Mercantile NCD December 2023 offer?
Muthoot Mercantile NCDs will be allotted on a First Come First Serve Basis.
