Published: 24 April 2026 | 5.45 AM
Last Updated: 24 April 2026 | 5.00 PM
NCD Issue Opens on 24 April 2026
NCD Issue Closes on 8 May 2026
NCD Guidance is given at the bottom of the post
About the Company:
Muthoot Fincorp Ltd – NCD Issue Overview
Established in 1997, Muthoot Fincorp Ltd is a leading non-deposit-taking NBFC specializing in personal and business loans backed by gold ornaments and jewellery. These loans cater to short-term liquidity needs for both individuals and businesses.
Strong Customer Base
As of September 30, 2025, the company had a gold loan portfolio comprising approximately 35.38 lakh loan accounts.
Wide National Presence
As of December 31, 2025, Muthoot Fincorp operated 3,757 branches across India.
Popular Gold Loan Products
- Muthoot Blue Guide Gold Loan
- Muthoot Blue Bright Gold Loan
- Muthoot Blue Power Gold Loan
- Muthoot Blue Bigg Gold Loan
- Muthoot Blue Smart Gold Loan
- 24×7 Express Gold Loan
Diversified Services include foreign exchange, money transfer, wind energy and real estate ventures.
Get more details about the company @ https://www.muthootfincorp.com/
| Particulars |
Details |
| Promoters |
Thomas John Muthoot, Thomas George Muthoot, Thomas Muthoot |
| Credit Rating |
CRISIL AA- / Positive |
| Additional Rating |
Brickwork AA / Stable |
Muthoot Fincorp NCD Tranche III April 2026 Detail
| Particulars |
Details |
| Issue Open |
24 April 2026 |
| Issue Close |
8 May 2026 |
| Security Name |
Muthoot Fincorp Limited |
| Security Type |
Secured Redeemable NCD |
| Issue Size (Base) |
Rs. 200 Crores |
| Oversubscription Size |
Rs. 400 Crores |
| Total Tranche Size |
Rs. 600 Crores |
| Shelf Size |
Rs. 3,000 Crores |
| Issue Price |
Rs. 1000 per NCD |
| Face Value |
Rs. 1000 |
| Minimum Application |
10 NCD |
| Market Lot |
1 NCD |
| Listing |
BSE |
| Allotment Basis |
First Come First Serve |
| Debenture Trustee |
Vardhman Trusteeship Pvt Ltd |
Category Reservation
| Category |
Allocation |
| Institutional |
10% |
| Non-Institutional |
20% |
| HNI |
40% |
| Retail |
30% |
| Total |
100% |
Muthoot Fincorp Limited NCD Coupon Rates
| Series |
Tenor |
Interest Option |
Coupon p.a. |
Effective Yield |
| 1 |
24 Months |
Monthly |
8.51% |
8.84% |
| 2 |
36 Months |
Monthly |
8.75% |
9.12% |
| 3 |
60 Months |
Monthly |
9.00% |
9.38% |
| 4 |
72 Months |
Monthly |
9.10% |
9.49% |
| 5 |
24 Months |
Annual |
8.80% |
8.80% |
| 6 |
36 Months |
Annual |
9.00% |
9.00% |
| 7 |
60 Months |
Annual |
9.15% |
9.15% |
| 8 |
72 Months |
Annual |
9.25% |
9.25% |
| 9 |
24 Months |
Cumulative |
NA |
8.80% |
| 10 |
36 Months |
Cumulative |
NA |
9.00% |
| 11 |
60 Months |
Cumulative |
NA |
9.15% |
| 12 |
72 Months |
Cumulative |
NA |
9.25% |
Highest Maturity Values
| Series |
Tenor |
Amount on Maturity |
| 9 |
24 Months |
Rs. 1,184 approx |
| 10 |
36 Months |
Rs. 1,295 approx |
| 11 |
60 Months |
Rs. 1,549 approx |
| 12 |
72 Months |
Rs. 1,701.14 |
Objects of the Issue
| Purpose |
| On-lending / Financing business |
| Repayment / Prepayment of existing borrowings |
| General corporate purposes |
Financial Information (Restated)
| Particulars (Rs. Cr.) |
FY25 |
FY24 |
FY23 |
| Assets |
45,456.09 |
38,703.57 |
32,134.61 |
| Revenue |
8,511.44 |
6,554.31 |
5,151.33 |
| Profit After Tax |
607.99 |
1,047.98 |
646.42 |
| Net Worth |
6,362.75 |
5,811.02 |
4,257.18 |
Address of the Company
| Particulars |
Details |
| Registered Office |
Muthoot Centre |
| Address |
TC No 27/3022, Punnen Road |
| City |
Thiruvananthapuram |
| State |
Kerala |
| PIN |
695001 |
Issue Management
| Particulars |
Details |
| Lead Manager |
Nuvama Wealth Management Ltd |
| Registrar |
Integrated Registry Management Services Pvt Ltd |
Muthoot Fincorp NCD Tranche III April 2026 Guidance
| Factor |
View |
| Brand Strength |
Strong known gold loan NBFC |
| Credit Rating |
AA category |
| Yield |
Attractive up to 9.25% |
| Risk |
Moderate credit risk |
| Best For |
Income seekers |
| Avoid If |
Need liquidity / growth investing |
Chanakya View
| Investor Type |
Guidance |
| Conservative |
Prefer FD / AAA debt |
| Moderate Risk |
Limited allocation can consider |
| Senior Citizens |
Monthly payout useful |
| Long Lock-in Avoiders |
Prefer shorter tenure |
Final Verdict
| Rating |
View |
| Overall |
Positive for selective investors |
| Best Tenor |
24–36 Months |
| Allocation |
Limited / Diversified only |
