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Muthoot Fincorp Limited Tranche VI


Opening Date

Jul 04, 2025

Closing Date

Jul 17, 2025

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Allotment

First Come
First Serve

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Credit Rating

CRISIL AA-/Stable CRISIL Ratings Limited

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Base Issue

₹100 Crores

Greenshoe

₹190 Crores

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Highest Yield

9.81%

Min. Investment

₹10,000

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Issue Details

Essentials

Issue price

₹1,000

Face Value

₹1,000/ NCD

Issue Size

₹290 Crores

Minimum Investment

₹10,000 (10 NCDs)

Rating

CRISIL AA-/Stable CRISIL Ratings Limited

Listing on

BSE

Issue Opening Date

Jul 04, 2025

Issue Closing Date

Jul 17, 2025

Mode of Issue

Public Issue

Registrar

Integrated Registry Management Services Private Limited

Mode of allotment and Trading

Dematerialized

About the Issuer

Muthoot Fincorp Limited is non-deposit accepting NBFC registered with the RBI bearing registration no. 16.00170 dated July 23, 2002 under Section 45 IA of the RBI Act. Muthoot Fincorp Limited was incorporated on June 10, 1997, as Muthoot Debt Management Services Limited as a public limited company under the provisions of the Companies Act, 1956. The Company received a certificate for commencement of business on July 3, 1997. Subsequently, the name of the Company was changed to Muthoot Fincorp Limited, and a fresh certificate of incorporation dated March 19, 2002 was issued to the Company by the Roc. The Company is one of the prominent gold loan players in the Indian market. The personal and business loans secured by gold jewelry and ornaments (“Gold loans”) offered by the Company are structured to serve the business and personal purposes of individuals who do not have ready or timely access to formal credit or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements. They have been engaged in the Gold loans business for over two decades and are headquartered in Kerala, India. The Company provides retail loan products, primarily comprising of Gold loans.

Competitive Strengths

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The Company is one of the largest Indian NBFCs engaged primarily in the Gold loans business in terms of the size. of our Gold loans portfolio.

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Extensive experience and a strong brand image and track record in the Gold loans business across India.

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Widespread Branch Network and Strong Presence in South India.

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High-quality customer service and short response time.

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Access to a range of cost-effective funding sources.

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Experienced senior management team and a skilled workforce

Objectives for IPO Issue

For the purpose of Working Capital–- 75% of the amount raised and allotted in the Issue

For General Corporate Purposes–- 25% of the amount raised and allotted in the Issue

Source: Shelf Prospectus dated August 23, 2024 and Tranche VI Prospectus dated June 27, 2025

Disclaimer: Invest only after referring to the Prospectus dated June 27, 2025

Available Bonds Options

Options I II III IV V VI VII VIII IX X XI XII
Nature
Secured Secured Secured Secured Secured Secured Secured Secured Secured Secured Secured Secured
Frequency of Interest Payment
Monthly Monthly Monthly Monthly Annual Annual Annual Annual Cumulative Cumulative Cumulative Cumulative
Face Value of NCDs (₹ /NCD)
₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD)
Tenure
24 Months 36 Months 60 Months 72 Months 24 Months 36 Months 60 Months 72 Months 24 Months 36 Months 60 Months 72 Months
Coupon (%) (per annum) for all Categories
8.85% 9.05% 9.30% 9.40% 9.20% 9.45% 9.70% 9.80% NA NA NA NA
Effective Yield (%) (per annum) for all Categories
9.22% 9.43% 9.70% 9.81% 9.20% 9.44% 9.69% 9.80% 9.20% 9.45% 9.70% 9.80%
Redemption Amount (₹ /NCD) for Debenture Holders for all Categories
1000 1000 1000 1000 1000 1000 1000 1000 1192.47 1311.46 1589.07 1752.77

Allocation Ratios

Category Institutional Investors Non Institutional Investors HNI Retail Individual Investors Total
Allocation 5% 20% 25% 50% 100
Base Issue Size (₹ in Cr) 5 20 25 50 100
Greenshoe Option (₹ in Cr) 9.50 38 47.50 95 190
Total Issue Size (₹ in Cr) 14.50 58 72.50 145 290

Frequently Asked Questions

What is the Issue Size?

  • ₹ 100 Crores (Base Issue) with an option to retain oversubscription up to ₹ 190 Crores aggregating up to ₹ 290 Crores (Tranche VI Issue Limit).

Credit Rating for the NCDs?

  • The NCDs proposed to be issued under this Issue have been rated “Crisil AA-/Stable” by Crisil Ratings Limited vide its letter dated June 9, 2025, along with the rating rationale dated June 6, 2025, read with the credit bulletin dated June 17, 2025, for the NCDs proposed to be Issued pursuant to this Tranche VI Issue. The rating given by Crisil Ratings Limited is valid as on the date of this Tranche VI Prospectus and shall remain valid on date of issue and Allotment of the NCDs and the listing of the NCDs on BSE.

Security?

  • The principal amount of the Secured NCDs to be issued in terms of this Tranche VI Prospectus together with all interest due on the NCDs, as well as all costs, charges, all fees, remuneration of Debenture Trustee and expenses payable in respect thereof shall be secured by way of subservient charge with existing secured creditors on standard loan receivables and current assets (both present and future) of the company in favour of Debenture Trustee, to be held on pari passu basis among the present and / or future NCD holders, as may be applicable.

What is the face value/ Issue Price of the NCDs?

  • ₹ 1,000/- Per NCD.

What is the frequency of interest payment?

  • Series I, II, III & IV – Monthly Coupon
  • Series V, VI, VII & VIII – Annual Coupon
  • Series IX, X,XI & XII – Cumulative

What is the minimum application amount?

  • ₹ 10,000/- (10 NCDs) and in multiple of ₹ 1,000/- (1 NCD) thereafter (for all the options of NCDs either taken individually or collectively).

Modes of Applying?

  • Application through the ASBA Process (for all applicants). Retail Individual applicant may use the UPI mechanism to block funds for application value up to ₹ 5 Lakhs submitted through the app/web interface of the Stock Exchange or through intermediaries (Syndicate members, Registered Stock Brokers, Registrar and Transfer agent and Depository Participants).

Who is not eligible to invest in the issue?

  • The following categories of persons, and entities, shall not be eligible to participate in this Tranche VI Issue and any Application from such persons and entities are liable to be rejected::
  • a) Minors without a guardian name*(A guardian may apply on behalf of a minor. However, Application by minors must be made through Application Forms that contain the names of both the minor Applicant and the guardian);
  • b) Foreign nationals, NRI inter-alia including any NRIs who are (i) based in the USA, and/or, (ii) domiciled in the USA, and/or, (iii) residents/citizens of the USA, and/or, (iv) subject to any taxation laws of the USA;
  • c) Persons resident outside India and other foreign entities;
  • d) Foreign Portfolio Investors;
  • e) Foreign Venture Capital Investors;
  • f) Qualified Foreign Investors;
  • g) Overseas Corporate Bodies; and
  • h) Persons ineligible to contract under applicable statutory/regulatory requirements.

Can the application be made on joint names?

  • Applications may be made in single or joint names (not exceeding three). In the case of joint Applications, all payments will be made out in favour of the first Applicant. All communications will be addressed to the first named Applicant whose name appears in the Application Form and at the address mentioned therein.

Listing?

  • The NCDs are proposed to be listed on BSE.

Tenor?

  • Series I, V & IX – 24 Months
  • Series II, VI & X – 36 Months
  • Series III, VII & XI – 60 Months
  • Series IV,VIII & XII – 72 Months

Basis of Allotment

  • Category I (Institutional) - 5 % of the Issue Size
  • Category II (Non-Institutional)- 20 % of the Issue Size
  • Category III ( HNI) – 25 % of the Issue Size
  • Category IV (Retail) - 50 % of the Issue Size

Can an applicant trade the NCDs in the market?

  • Yes. The NCDs will be listed on BSE. The trading of the NCDs shall be in dematerialized form only.

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