The issue includes a base size of ₹100 crore and a green shoe option of ₹190 crore. Each NCD has a face value of ₹1,000. Investors can choose from tenures of 24, 36, 60, or 72 months with interest payment options on a monthly, annual, or cumulative basis.
The effective annual yield ranges from 9.20% to 9.80% across all investor categories.
The proceeds will be used for lending, financing, repayment or prepayment of borrowings, and other general corporate purposes. The issue falls within the company’s ₹2,000 crore shelf limit.
The NCDs are rated “CRISIL AA-/Stable” by CRISIL Ratings, indicating a high degree of safety for timely servicing of debt. The securities will be listed on the BSE’s debt market segment.
Investors applying through intermediaries for amounts up to ₹5 lakh are required to use UPI for blocking funds. Applications can also be made via self-certified syndicate banks (SCSBs) and stock exchange platforms. Muthoot FinCorp has enabled investments through its digital platform, Muthoot FinCorp ONE, in addition to its network of over 3,700 branches.
Muthoot FinCorp is the flagship NBFC of the Muthoot Pappachan Group and offers over two dozen financial products and services, primarily catering to semi-urban and rural segments.
