11.73% Muthoot Mercantile NCD December 2023

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NCD Subscription Allotment Status
Muthoot Mercantile NCD December 2023

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 Dates4 – 15 December 2023
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Face ValueINR 1,000 per NCD
Issue PriceINR 1,000 per NCD
Issue Size (Base Issue)INR 100 crores
Overall Issue Size (including oversubscription)INR 200 crores
Minimum Lot Size10 NCDs
Market Lot1 NCD
Tenor367 days
18 months
24 months
36 months
60 months
75 months
Credit RatingIND BBB/Stable
Category ReservationCategory 1 (QIB): 10%
Category 2 (NII): 40%
Category 3 (Retail): 50%
Basis of AllotmentFirst Come First Serve
Listing OnBSE

Muthoot Mercantile NCD December 2023 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 1367 daysMonthly9.50%9.92%INR 1,000
Series 2367 daysCumulativeNA9.75%INR 1,097.50
Series 318 monthsMonthly9.65%10.09%INR 1,000
Series 418 monthsCumulativeNA9.77%INR 1,150.00
Series 524 monthsMonthly9.75%10.20%INR 1,000
Series 624 monthsCumulativeNA9.77%INR 1,205.00
Series 736 monthsMonthly10.25%10.75%INR 1,000
Series 836 monthsCumulativeNA10.18%INR 1,337.50
Series 960 monthsMonthly10.50%11.02%INR 1,000
Series 1060 monthsCumulativeNA9.61%INR 1,582.50
Series 1175 monthsCumulativeNA11.73%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: +91 22 6666 8040/41/42
Email[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: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com


Muthoot Mercantile Documents


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)

DateQIBNIIRetailTotal
15 Dec 20230.001.351.221.15
14 Dec 20230.001.201.111.03
13 Dec 20230.001.011.020.91
12 Dec 20230.000.930.960.85
11 Dec 20230.000.840.890.78
8 Dec 20230.000.650.750.64
7 Dec 20230.000.630.690.59
6 Dec 20230.000.580.610.54
5 Dec 20230.000.520.530.47
4 Dec 20230.000.350.370.33

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.

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