Bengaluru : Muthoot FinCorp Limited. (MFL), the flagship company of the Muthoot Pappachan Group (Muthoot Blue), has announced the launch of the Tranche IV of public issue of secured, and redeemable non-convertible debentures (“NCDs”) with a face value of Rs.1000 each, scheduled to open on June 19, 2026.
The net proceeds from this issue are intended to be utilized for the purpose of onward lending, financing and for repayment/prepayment of interest and principal of existing borrowings, and for general corporate purposes. Muthoot FinCorp Ltd. aims to raise up to Rs. 60,000 Lakhs, which is within the approved shelf limit of Rs. 3,00,000 Lakhs.
The NCD Tranche IV issue comprises a base size of Rs. 20,000 Lakhs with a green shoe option of Rs. 40,000 Lakhs, aggregating up to Rs. 60,000 Lakhs (“NCD Tranche IV”). The NCDs offer effective annual yields ranging from 8.84% to 9.25% across multiple tenure options of 24, 36, 60, and 72 months.
The NCD Tranche IV will be open to the public till July 3, 2026, subject to early closure upon approval from the Board of Directors or the Stock Allotment Committee of the Company, and in accordance with applicable regulations under Regulation 33A of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended (SEBI NCS Regulations).
These NCDs have been rated Crisil AA/Stable (pronounced as “Crisil double A with a stable outlook”) by Crisil Ratings Limited, and BWR AA/Stable” by Brickwork Ratings India Private Limited indicating a high degree of safety for timely servicing of financial obligations. It is proposed that these instruments will be listed on the debt market segment of the BSE.
For individual investors applying through intermediaries (including syndicate members, stockbrokers, RTA, and depository participants), applications up to ₹ 5,00,000 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.
Shaji Varghese, CEO – Muthoot FinCorp Ltd. said, “We are pleased to announce the launch of our new NCD series, offering investors a secure investment opportunity.. Participation is made seamless through our extensive network of over 3800 branches, our mobile app – Muthoot FinCorp ONE, and through partner network.”