Muthoot Mercantile has announced the public issue of 10 lakh Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1000 each for an amount aggregating up to Rs 100 crore.
The base size issue is Rs 50 crore, with an option to retain over-subscription up to an additional Rs 50 crore (Green Shoe Option) aggregating up to Rs 100 crore.
The issue is scheduled to open on 28 March 2025 and close on 15 April 2025, with an option of early closure or extension.
There are 5 series of NCDs carrying fixed coupons and having a tenure of 400 days, 36 months, 60 months and 73 months with monthly and cumulative interest payment options.
An effective yield (per annum) for the NCD holders in all categories of investors ranges from 10.47% to 12.07%.
The NCDs issue has been rated IND BBB/Stable by India Ratings & Research.
The minimum application size for each application for NCDs would be Rs 10000 across all series collectively and in multiples of Rs 1000 thereafter with allotment on first come first serve basis.
NCDs are proposed to be listed on BSE.