11.73% Muthoot Mercantile NCD May 2024

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Last updated on May 18, 2024

NCD Subscription Allotment Status
Muthoot Mercantile NCD May 2024

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.

Muthoot Mercantile NCD

Promoters of Muthoot Mercantile – Mathew Mathaininan, and Richi Mathew


Muthoot Mercantile NCD May 2024 Details

Subscription Dates6 – 17 May 2024
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 50 crore
Overall Issue Size (including oversubscription)INR 100 crore
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 May 2024 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 1367 daysMonthly10.50%11.02%INR 1,000
Series 2367 daysCumulativeNA10.60%INR 1,106.00
Series 318 monthsMonthly10.50%11.02%INR 1,000
Series 418 monthsCumulativeNA10.34%INR 1,159.04
Series 524 monthsMonthly10.60%11.13%INR 1,000
Series 624 monthsCumulativeNA10.45%INR 1,219.92
Series 736 monthsMonthly10.75%11.30%INR 1,000
Series 836 monthsCumulativeNA10.66%INR 1,355.10
Series 960 monthsMonthly10.80%11.35%INR 1,000
Series 1060 monthsCumulativeNA10.63%INR 1,657.16
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 May 2024 Subscription Status (no. of times)

DateQIBNIIRetailTotal
17 May 20240.001.031.631.23
16 May 20240.000.981.561.17
15 May 20240.000.921.461.09
14 May 20240.000.851.321.00
13 May 20240.000.811.240.94
10 May 20240.000.781.100.86
9 May 20240.000.741.020.81
8 May 20240.000.700.890.73
7 May 20240.000.670.790.66
6 May 20240.000.560.580.51

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.

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