Muthoot Mercantile Limited NCD public issue, May 2024

Prospectus filed with BSE on 3 May 2024. This issue's prospectus has been filed. Subscription window (from prospectus cover): 2024-05-06 → 2024-05-17. Verify on the linked prospectus; windows can change.

Issue Rating

BBB / Stable (India Ratings)

Rating of this issue, from the prospectus

Issuer's Rating on Its Listed Bonds

A- (Acuité)

Latest rating on the issuer's other listed bonds — not this issue's rating

Face Value

₹1,000 per NCD

Minimum Application

10 NCDs (₹10,000)

Security

Secured

Default Series

Series I

Allotted when an application names no series

Subscription Opens

2024-05-06

From prospectus Issue Programme

Subscription Closes

2024-05-17

As printed; may be extended / closed early

Listing Exchange

BSE

Base Issue Size

₹100.00 Cr

Overall Issue Size (incl. green shoe)

₹50.00 Cr

Issuer's Active Bonds on File

Series Terms 11

Series	Tenor	Coupon Rate	Frequency	Effective Yield
Series I	367 days	10.50%	Monthly	11.02%
Series II	367 days	—	Cumulative (at maturity)	10.60%
Series III	18 months	10.50%	Monthly	11.02%
Series IV	18 months	—	Cumulative (at maturity)	10.34%
Series V	24 months	10.60%	Monthly	11.13%
Series VI	24 months	—	Cumulative (at maturity)	10.45%
Series VII	36 months	10.75%	Monthly	11.30%
Series VIII	36 months	—	Cumulative (at maturity)	10.66%
Series IX	60 months	10.80%	Monthly	11.35%
Series X	60 months	—	Cumulative (at maturity)	10.63%
Series XI	75 months	—	Cumulative (at maturity)	11.73%

Issue Features (from the prospectus)

Security	Secured, redeemable, non-convertible debentures
Early redemption	No call or put option found in the prospectus

Filed Documents

BSE Scrip Code	939098
DRHP Filed	2024-04-22
Draft Prospectus (DRHP)	View document ↗
Final Prospectus	View document ↗

Risk warning: This page restates filing data as published by BSE and, where available, terms extracted from the issuer's own prospectus. It is for informational purposes only and does not constitute investment advice, a recommendation to apply for this issue, or a view on allotment. The issue rating shown is the rating of this issue as printed in its prospectus; ratings can change after filing. The issuer's rating on its listed bonds is the latest rating on its other outstanding bonds, not the rating of this issue. Ratings are the opinion of the rating agency, not RetailBonds.in. Verify all details against the linked prospectus before making any decision. See our methodology and full disclaimer.

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