Muthoot Mercantile NCD May 2024 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 84 years, the company has evolved its operations.
As of 31 March 2024, Muthoot Mercantile disbursed Gold Loan and Pronote Loan to customers from a network of 242 branches of the company in 9 states and union territories of India namely Tamil Nadu, Kerala, Haryana, Maharashtra, Madhya Pradesh, Odisha, Punjab, Uttar Pradesh, Rajasthan, and Delhi. As of 31 March 2024, it employed 830 persons in the operations.
The Gold Loan portfolio as of 31 December 2023 comprised approximately 0.97 lakh customers aggregating a principal amount of INR 579.25 crores in Gold Loan, which accounted for 95.12% of its total loans. The Gold Loan portfolio as of 31 December 2023, FY 2023, 2022, and 2021 had outstanding principal amounting to INR 579.25 crores, INR 494.70 crores, INR 332.56 crores, and INR 284.69 crores respectively, and has grown at a CAGR of 29.47% from FY 2021 to 31 December 2023.
Promoters of Muthoot Mercantile – Mathew Mathaininan, and Richi Mathew
Muthoot Mercantile NCD May 2024 Details
| Subscription Dates | 6 – 17 May 2024 |
| 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 50 crore |
| Overall Issue Size (including oversubscription) | INR 100 crore |
| 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 May 2024 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 367 days | Monthly | 10.50% | 11.02% | INR 1,000 |
| Series 2 | 367 days | Cumulative | NA | 10.60% | INR 1,106.00 |
| Series 3 | 18 months | Monthly | 10.50% | 11.02% | INR 1,000 |
| Series 4 | 18 months | Cumulative | NA | 10.34% | INR 1,159.04 |
| Series 5 | 24 months | Monthly | 10.60% | 11.13% | INR 1,000 |
| Series 6 | 24 months | Cumulative | NA | 10.45% | INR 1,219.92 |
| Series 7 | 36 months | Monthly | 10.75% | 11.30% | INR 1,000 |
| Series 8 | 36 months | Cumulative | NA | 10.66% | INR 1,355.10 |
| Series 9 | 60 months | Monthly | 10.80% | 11.35% | INR 1,000 |
| Series 10 | 60 months | Cumulative | NA | 10.63% | INR 1,657.16 |
| 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 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 May 2024 Subscription Status (no. of times)
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| 17 May 2024 | 0.00 | 1.03 | 1.63 | 1.23 |
| 16 May 2024 | 0.00 | 0.98 | 1.56 | 1.17 |
| 15 May 2024 | 0.00 | 0.92 | 1.46 | 1.09 |
| 14 May 2024 | 0.00 | 0.85 | 1.32 | 1.00 |
| 13 May 2024 | 0.00 | 0.81 | 1.24 | 0.94 |
| 10 May 2024 | 0.00 | 0.78 | 1.10 | 0.86 |
| 9 May 2024 | 0.00 | 0.74 | 1.02 | 0.81 |
| 8 May 2024 | 0.00 | 0.70 | 0.89 | 0.73 |
| 7 May 2024 | 0.00 | 0.67 | 0.79 | 0.66 |
| 6 May 2024 | 0.00 | 0.56 | 0.58 | 0.51 |
Muthoot Mercantile NCD May 2024 Allotment Status
Muthoot Mercantile NCD May 2024 allotment status will be updated on the website of KFin Technologies’ website. Click on this link to get the allotment status.
Muthoot Mercantile NCD May 2024 FAQs
What is the face value and lot size of Muthoot Mercantile NCD May 2024?
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 May 2024?
The frequency of payment for Muthoot Mercantile NCD is Monthly and cumulative.
What is the basis of allotment in Muthoot Mercantile NCD May 2024 offer?
Muthoot Mercantile NCDs will be allotted on a First Come First Serve Basis.
