March 28, 2025
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Muthoot Mercantile NCD March 2025 Details & Guidance
NCD Issue Opens on 28 March 2025
NCD Issue Closes on 15 April 2025
# NCD Guidance is given at the bottom of the post
About the Company:
Founded in 1939, Muthoot Mercantile Limited is a leading non-banking financial company specializing in providing loans secured by gold, investments, health insurance, forex services, and money transfers.
With a strong presence across Kerala, Tamil Nadu, Maharashtra, Odisha, Delhi, Haryana, Madhya Pradesh, Punjab, and Uttar Pradesh, the company is well-positioned for continued growth and geographic expansion. Headquartered in Thiruvananthapuram, Kerala, Muthoot Mercantile has built a solid reputation over 84 years in the financial services sector, initially focusing on small-scale lending against household and used gold jewelry. Over the decades, the company has continuously evolved, expanding its range of services and adapting to changing market needs.
Get more details about the company @ https://muthootenterprises.com/
NCD Promoter:
Mathew Mathaininan and Richi Mathew are the company promoters.
NCD Rating
The NCDs proposed to be issued under this Issue have been rated IND BBB/Stable by India Ratings & Research Private Limited
| Muthoot Mercantile NCD March 2025 Detail | |
| Issue Open | March 28, 2025 – April 15, 2025 |
| Security Name | Muthoot Mercantile Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 50.00 Crores |
| Issue Size (Oversubscription) | Rs 50.00 Crores |
| Overall Issue Size | Rs 100.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | IND BBB/Stable by by India Ratings & Research Private Limited |
| Tenor | 36, 73 Months and 400 days |
| Series | Series I to V |
| Payment Frequency | Monthly and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Mitcon Credentia Trusteeship Services Limited |
| NCD Allocation Ratio | |
| Category ? | NCD’s Allocated |
| Institutional | 10% |
| Non-Institutional | 40% |
| Retail | 50% |
| Muthoot Mercantile Limited NCD Coupon Rates | |||||
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 |
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured |
| Tenor | 400 Days | 400 Days | 36 Months | 36 Months | 73 Months |
| Coupon (% per Annum) | 10% | NA | 10.75% | NA | NA |
| Effective Yield (% per Annum) | 1000% | 1112% | 1000% | 1379% | 2000% |
| Amount on Maturity (In Rs.) | Rs 10.47 | Rs 10.17 | Rs 11.3 | Rs 11.31 | Rs 12.07 |
Muthoot Mercantile NCD March 2025 Details & Guidance
Objects of the Issue
The Net Proceeds raised through the Tranche III Issue will be utilised for the following activities in the ratio provided below:
1.For the purpose of on-lending, financing, and repayment/prepayment of interest and principal amounts of existing loan liabilities of the Company
2.General corporate purposes
.
Muthoot Fincorp Financial Information (Restated)
| Company Financials | ||||
| Muthoot Mercantile Limited Financial Information (Restated) | ||||
| Period Ended | December 31, 24 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Assets | 799.05 | 606.51 | 420.36 | |
| Revenue | 116.95 | 131.78 | 94.67 | 67.02 |
| Profit After Tax | 19.19 | 25.31 | 18.19 | 17.02 |
| Amount in Rs Crore | ||||
Address of the Company
Muthoot Mercantile Limited
1st Floor, North Block, Muthoot Floors,
Opposite W&C Hospital, Thycaud,
Thiruvananthapuram, Kerala 695014
NCD Lead Managers
Vivro Financial Services Pvt ltd
NCD Registrar
Kfin Technologies ltd
Muthoot Mercantile NCD March 2025
Subscription Status on . 23, 2025
| Category | Subscription |
| Retail | 0.00 T |
| Non-Institutional | 0.00 T |
| Institutional | 0.00 T |
| Today | 0.00 T |
Muthoot Mercantile NCD March 2025
Muthoot Mercantile NCD March 2025 Review:
1. The company has strong parentage and reasonably impressive profits.
2. The NCDs proposed to be issued under this Issue have been rated CRISIL AA-/Stable by CRISIL Ratings Limited.
3. Coupon rates are good.
4. May Apply/invest in this NCD.
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