Muthoot FinCorp launches new NCD tranche to raise ₹350 crore

Muthoot FinCorp Limited has launched its Tranche V secured, redeemable non-convertible debentures (NCDs). The company aims to raise up to ₹350 crore under this issue.

The subscription window is open from April 29 to May 13, 2025. The NCDs are issued at a face value of ₹1,000 each and offer annual yields between 9.00% and 10.00%. Investors can choose from tenures of 24, 36, 60, and 72 months.

The base issue size is ₹100 crore, with a green shoe option to retain oversubscription of up to ₹250 crore. Funds raised will be used for lending, debt repayment, and general corporate purposes.

The NCDs are rated CRISIL AA-/Stable by CRISIL Ratings, indicating high safety. The company plans to list the debentures on the BSE.

Investors applying through intermediaries for amounts up to ₹5 lakh must use UPI for payment. Applications are also accepted via SCSBs and stock exchange platforms.

Muthoot FinCorp has enabled investments through its mobile app, Muthoot FinCorp ONE, in addition to its network of over 3,700 branches.

"We are pleased to offer investors a secure and high-yield opportunity through our extensive network and digital platform," said Shaji Varghese, CEO, Muthoot FinCorp Limited.

Muthoot FinCorp is the flagship company of the 138-year-old Muthoot Pappachan Group, which has interests across financial services, hospitality, automotive, realty, IT services, and alternate energy sectors.