Muthoot Mercentile is a non-deposit non-banking financial company-base layer(NBFC –Base Layer) primarily engaged in the gold loan sector lending money against the pledge of household and/or used gold jewellery (“Gold Loan”) primarily to retail customers who require immediate availability of funds, but who do not have access to formal credit on an immediate basis and are also engaged in providing unsecured loans (Pronote Loan) to individual customers for their personal needs. As of June 30, 2024, they disbursed Gold Loan and Pronote Loan to their customers from a network of 252 branches of their Company in 11 states and union territories of India namely Tamil Nadu, Kerala, Delhi, Haryana, Maharashtra, Madhya Pradesh, Odisha, Punjab, Uttar Pradesh, West Bengal and Rajasthan. As of June 30, 2024, they employed 863 persons in their operations. Their branches function as the key point of contact for loan origination, disbursement, and collection processes as well as facilitating customer interaction.
Muthoot Mercentile NCD August 2024 Details
| NCD Issue Open | August 23, 2024 |
| NCD Issue Close | September 5, 2024 |
| NCD Issue Size | Base: 75 Cr. | Shelf: 150 Cr. |
| Price Band | ₹1000 per NCD |
| Face Value | ₹1000 each NCD |
| Interest Rate | Up to 12.07% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Listing on | BSE Platform |
| Credit Rating | IND BBB/Stable by by India Ratings & Research Private Limited |
| Tenor | 400 days, 20, 36,60 and 73 Months |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document | Click Here |
| RHP Document | Click Here |
Muthoot Mercentile NCD August 2024 Promoters
- To be Updated Soon
How to Apply Muthoot Mercentile NCD August 2024 Issue?
You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.
Muthoot Mercentile NCD Review
- Avoid
Muthoot Mercentile NCD August 2024 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| 1 | 400 Days | Month | 10.70% | 11.24% |
| 2 | 400 Days | Cumu. | NA | 10.80% |
| 3 | 20 Months | Cumu. | 10.80% | 11.35% |
| 4 | 20 Months | Cumu. | NA | 10.77% |
| 5 | 36 Month | Month | 11.25% | 11.85% |
| 6 | 36 Month | Cumu. | NA | 11.08% |
| 7 | 60 Month | Month | 11.50% | 12.13% |
| 8 | 60 Month | Cumu. | NA | 11.03% |
| 9 | 73 Month | Cumu. | NA | 12.07% |
Muthoot Mercentile NCD Allocation Ratio
| Category | Allocation |
| Institutional | 10% |
| Non-Institutional | 40% |
| HNI | 50% |
| Retail | -% |
Muthoot Mercentile NCD August 2024 Lead Manager
- Vivro Financial Services Private Limited
Muthoot Mercentile NCD August 2024 Allotment Status
- Muthoot Mercentile NCD issue allotment available on KFintech.
Muthoot Mercentile NCD August 2024 Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Company Information
Muthoot Mercentile Limited
1st Floor, North Block, Muthoot Floors
Opposite W&C Hospital, Thycaud
Thiruvananthapuram 695 014, Kerela, India
Phone: +91-471-277-4800
Email: [email protected]
Website: https://muthootenterprises.com/
