Muthoot FinCorp Launches Tranche V NCD Series to Raise Rs. 350 Crore

Varahi media.com online news,Mumbai, April 29, 2025: Muthoot FinCorp Limited (MFL), the flagship company of the 138-year-old Muthoot Pappachan Group, has announced the launch of its Tranche V series of secured, redeemable non-convertible debentures (NCDs) with a face value of Rs. 1,000 each. The issuance is scheduled to open on April 29, 2025.

The funds raised from this offering will support lending and financing operations, aid in repaying interest and principal on existing debts, and meet general corporate requirements. Muthoot FinCorp intends to raise up to Rs. 350 crore within the approved shelf limit of Rs. 2,000 crore.

The Tranche V issue will consist of a base size of Rs. 100 crore, with a green shoe option of Rs. 250 crore, bringing the total potential size to Rs. 350 crore. The NCDs offer annual yields ranging from 9.00% to 10.00%, available in multiple tenures: 24, 36, 60, and 72 months.

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The subscription window will remain open until May 13, 2025, with the option for early closure based on approval from the Board of Directors or the Stock Allotment Committee, in compliance with applicable SEBI regulations under the SEBI NCS Regulations.

These NCDs have been assigned a rating of CRISIL AA-/Stable by CRISIL Ratings Limited, indicating a high level of safety in terms of timely servicing of financial obligations. The NCDs will be listed on the BSE’s debt market segment.

For individual investors applying via intermediaries (such as syndicate members, stockbrokers, RTAs, and depository participants), applications up to Rs. 5 lakh must be made using UPI for fund blocking, along with a valid UPI ID. Investors can also apply through other modes, including SCSBs and the Stock Exchange platform.

Muthoot FinCorp has simplified the investment process through its Muthoot FinCorp ONE app, enabling customers to invest easily and securely anytime, anywhere. This app-based UPI investment mechanism complements the company’s robust offline network of over 3,700 branches.

Shaji Varghese, CEO of Muthoot FinCorp Limited, commented, “We are excited to launch our new NCD series, offering investors a secure and high-yield investment opportunity. With our vast network of 3,700+ branches and the Muthoot FinCorp ONE app, investments up to ₹5 lakh can be made seamlessly.

This initiative underscores our ongoing commitment to providing accessible and innovative financial solutions that meet the evolving needs of our customers.”