Muthoot Fincorp NCD Tranche II October 2024 Details
Muthoot Fincorp Limited is set to launch its upcoming Non-Convertible Debenture (NCD) Tranche II, which is scheduled for issue in October 2024. Investors looking for stable income through fixed-income securities can consider this opportunity, which combines competitive interest rates with the security of a recognized financial institution.
| NCD Issue Open | October 11, 2024 |
| NCD Issue Close | October 24, 2024 |
| NCD Issue Size | Base: 75.00 Cr. | Shelf: 2,000.00 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 9.5% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Listing on | BSE Platform |
| Credit Rating | CRISIL AA-/Stable by CRISIL Ratings Limited |
| Tenor | 24, 36, 60, 72, and 92 Months |
| Basis of Allotment | First Come First Serve Basis |
Muthoot Fincorp NCD Tranche II October 2024 Promoters
- The founders of Muthoot Fincorp are Thomas John Muthoot, Thomas George Muthoot, and Thomas Muthoot, who have built a strong reputation in the financial services sector.
How to Apply for Muthoot Fincorp NCD Tranche II October 2024 Issue?
Investors can apply for Muthoot Fincorp NCD Tranche II online or offline through their existing Demat accounts. For offline applications, download the form from the Muthoot Fincorp website, fill in the required details, and submit it along with a cheque at designated collection centers.
Muthoot Fincorp NCD Tranche II Review
With an attractive interest rate offering and the backing of a stable financial institution, Muthoot Fincorp’s NCD Tranche II presents a viable investment avenue. The credit rating of CRISIL AA-/Stable further emphasizes its reliability, appealing to both retail and institutional investors.
Muthoot Fincorp NCD Tranche II October 2024 Tenure & Interest Rates
| Option | Tenure | Payment Frequency | Coupon Rate | Effective Yield |
| 1 | 24 Months | Monthly | 9% | 9.38% |
| 2 | 36 Months | Monthly | 9.25% | 9.65% |
| 3 | 60 Months | Monthly | 9.45% | 9.87% |
| 4 | 72 Months | Monthly | 9.65% | 10.09% |
| 5 | 24 Months | Annual | 9.4% | 9.4% |
| 6 | 36 Months | Annual | 9.65% | 9.65% |
| 7 | 60 Months | Annual | 9.9% | 9.89% |
| 8 | 72 Months | Annual | 10.1% | 10.1% |
| 9 | 24 Months | Cumulative | NA | 9.4% |
| 10 | 36 Months | Cumulative | NA | 9.65% |
| 11 | 60 Months | Cumulative | NA | 9.9% |
| 12 | 72 Months | Cumulative | NA | 10.1% |
| 13 | 92 Months | Cumulative | NA | 9.5% |
Muthoot Fincorp NCD Tranche II Allocation Ratio
| Category | Allocation |
| Institutional Investors | 5% |
| Non-Institutional Investors | 10% |
| High Net-worth Individuals (HNI) | 35% |
| Retail Investors | 50% |
Muthoot Fincorp NCD Tranche II October 2024 Lead Manager
- The lead manager for this NCD issue is Nuvama Wealth Management Limited, known for its expertise in managing financial products and services.
Muthoot Fincorp NCD Tranche II October 2024 Registrar
The registrar for the NCD issue is Integrated Registry Management Services Private Limited, located at 2nd Floor, Kences Towers, North Usman Road, TNagar, Chennai – 600017. They can be contacted via phone or email for any inquiries related to the NCD.
Company Information
Muthoot Fincorp Limited is headquartered at Muthoot Centre, TC No 27/3022 Punnen Road, Trivandrum – 695 001. The company specializes in financial services, offering a wide range of products tailored to meet the needs of various customer segments.
Muthoot Fincorp NCD Tranche II October 2024 FAQs
When is Muthoot Fincorp NCD Tranche II Open?
Muthoot Fincorp NCD Tranche II is scheduled to open on October 11, 2024 and will close on October 24, 2024.
What is Muthoot Fincorp NCD Tranche II Price?
What is Muthoot Fincorp NCD Tranche II Issue Size?
On which platform will Muthoot Fincorp NCD Tranche II be listed?
How to apply for Muthoot Fincorp NCD Tranche II?
Investors can easily apply for the NCD through their existing Demat accounts, either online or offline.
