Dailymirror.news,Hyderabad, February 4, 2025: Muthoot FinCorp Limited (MFL), the flagship company of the Muthoot Pappachan Group (Muthoot Blue), has announced the launch of its Tranche IV series of secured and redeemable non-convertible debentures (NCDs), with a face value of Rs. 1000 each.

This issue is set to open for subscription on February 4, 2025. The primary aim of the NCD issuance is to facilitate lending, financing, and repayment of existing obligations, as well as for general corporate purposes. Muthoot FinCorp plans to raise Rs. 400 crore, which falls within the company’s shelf limit of Rs. 2000 crore.

The Base Issue Size of the NCD Tranche IV is Rs. 100 crore, with a green shoe option of Rs. 300 crore, totaling up to Rs. 400 crore. The effective yield for investors across all categories will range from 9.38% to 10.10% annually, depending on the tenure chosen. Investors can opt for tenure periods of 18, 24, 36, 60, or 72 months.

The public subscription for this NCD series will be open from February 4, 2025, to February 17, 2025, with the possibility of early closure based on approval from the Board of Directors or the Stock Allotment Committee of the Company, in compliance with applicable regulations under Regulation 33A of the Securities and Exchange Board of India (SEBI) NCS Regulations, 2021.

These NCDs have been assigned a CRISIL AA-/Stable rating (pronounced as “CRISIL double A minus with a Stable outlook”) by CRISIL Ratings Limited, reflecting a high level of safety in meeting financial obligations. The instruments will be listed on the debt market segment of the Bombay Stock Exchange (BSE).

For individual investors applying through intermediaries, applications up to ₹5 lakh must use UPI for the blocking of funds, with their bank account-linked UPI ID provided in the bid-cum-application form. Alternatively, other application methods such as SCSBs and Stock Exchange Platform will remain available for public issue applications.

Investors can easily participate in this NCD offering via the Muthoot FinCorp ONE app, which allows for seamless investments anytime and anywhere. Additionally, investors can make use of Muthoot FinCorp’s extensive network of over 3,700+ branches. The UPI-based investing mechanism available through the NCD Module also facilitates an easy application process.

“We are excited to launch this new NCD series, providing secure and high-yield investment opportunities for our customers. With our user-friendly Muthoot FinCorp ONE app and our extensive branch network, we are making it easier than ever for investors to participate in this offering,” said Shaji Varghese, CEO of Muthoot FinCorp Limited.