Muthoot Fincorp
February 3, 2026 – February 16, 2026
| Price | ₹1000 - ₹1000 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1 |
| Issue size | ₹600.00 cr |
| Allotment | - |
| Listing | - |
Muthoot Fincorp Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 200 | 200 | 200000 | 0 |
| HNI | 300 | 300 | 300000 | 0 |
Muthoot Fincorp Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 0 | 100% |
Muthoot Fincorp About
NCD Allocation :
| Category | NCD's Allocated (%) |
|---|---|
| Institutional | 10.00% |
| Non-Institutional | 20.00% |
| HNI | 40.00% |
| Retail | 30.00% |
| Total | 100.00% |
Muthut Fincorp NCD Detail :
| Issue Open | Feb 03, 2026 - Feb 16, 2026 |
| Security Name | Muthut Fincorp Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 200.00 Crores |
| Issue Size (Oversubscription) | Rs 400.00 Crores |
| Overall Issue Size | Rs 600.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vardhman Trusteeship Limited |
NCD Ratings
| # | Rating Agency | NCD Rating | Outlook | Safety Degree | Risk Degree |
|---|---|---|---|---|---|
| 1 | Crisil Ratings Limited | AA- | Positive | High degree of safety | Very low credit risk |
| 2 | Brickwork Ratings India Private Limited | AA | Stable | High degree of safety | Very Low Credit Risk |
NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 |
|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly |
| Nature | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 36 Months | 60 Months | 72 Months |
| Coupon (% per Annum) | 8.37% | 8.52% | 8.65% | 8.75% |
| Effective Yield (% per Annum) | 8.70% | 8.85% | 9.00% | 9.10% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
| # | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Annual | Annual | Annual |
| Nature | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 36 Months | 60 Months | 72 Months |
| Coupon (% per Annum) | 8.70% | 8.85% | 9.00% | 9.10% |
| Effective Yield (% per Annum) | 8.70% | 8.84% | 8.99% | 9.10% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
| # | Series 9 | Series 10 | Series 11 | Series 12 |
|---|---|---|---|---|
| Frequency of Interest Payment | Cumulative | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 36 Months | 60 Months | 72 Months |
| Coupon (% per Annum) | NA | NA | NA | NA |
| Effective Yield (% per Annum) | 8.70% | 8.85% | 9.00% | 9.10% |
| Amount on Maturity (In Rs.) | Rs 1,181.57 | Rs 1,289.99 | Rs 1,538.99 | Rs 1,686.76 |
Requirement of Funds and Utilization of Net Proceeds :
The following table details the Objects of the Issue and the amount proposed to be financed from Net Proceeds :
| S. No. | Objects of the Issue | Percentage of amount proposed to be financed from Net Proceeds |
|---|---|---|
| 1 | For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of existing borrowings of our Company | 75% |
| 2 | General corporate purposes | Up to a maximum limit of 25% |
The main objects clause of the Memorandum of Association permits the Company to undertake its existing activities as well as the activities for which the funds are being raised through the Issue.
Company Financial (In ₹Crore)| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|---|---|---|
| Assets | 45,456.09 | 38,703.57 | 32,134.61 |
| Total Income | 8,511.44 | 6,554.31 | 5,151.33 |
| Profit After Tax | 607.99 | 1,047.98 | 646.42 |
| NET Worth | 6,362.75 | 5,811.02 | 4,257.18 |
About Company
Incorporated in 1997, Muthoot Fincorp Limited is a non-deposit-taking NBFC, primarily engaged in providing gold loans for personal and business purposes, catering to short-term liquidity needs of individuals and enterprises.
The company’s gold loan portfolio comprised approximately 35.38 lakh loan accounts as of September 30, 2025, and 34 lakh loan accounts as of March 31, 2025, reflecting a large and diversified borrower base.
As of December 31, 2025, Muthoot Fincorp operated 3,757 branches across 25 states and union territories, including the Andaman & Nicobar Islands and Delhi, supported by a workforce of 29,663 employees, including contracted experts.
The company offers a wide range of gold loan products such as Muthoot Blue Guide, Blue Bright, Blue Power, Blue Bigg, Blue Smart, and 24×7 Express Gold Loans, tailored to different customer needs.
In addition to gold loans, the company provides foreign exchange and money transfer services as a sub-agent of registered money transfer agents.
The company also has presence in wind power generation in Tamil Nadu and real estate development through joint ventures.
Strength
Strong leadership in gold loans – Among the largest NBFCs in India by size of gold loan portfolio, with deep domain expertise.
Extensive branch network – Widespread physical presence, particularly strong in South India, supporting customer reach and service delivery.
High-quality customer service – Fast turnaround time and strong brand trust built over decades.
Weakness
Regulatory banking restrictions – RBI directions affecting cash account operations with banks could disrupt cash handling and operations.
Funding and liquidity risk – Gold loan business requires substantial capital; any disruption in funding sources may impact liquidity.
Group entity regulatory exposure – Any regulatory action restricting use of branches or officials for group entities could adversely affect group businesses and overall performance.
Muthoot Fincorp Lead Manager(s)
Muthoot Fincorp Address
Muthoot Centre,
TC No 27/3022,
Punnen Road,
Thiruvananthapuram, Kerala, 695001
+91 471 491 1550
cs@muthoot.com
Website:https://www.muthootfincorp.com/