SECURED NCDPublic IssueLIVE

Muthoot Fincorp Limited

Secured, Rated, Listed, Redeemable Non-Convertible Debentures

9.25%

Max. p.a. Yield

Credit Rating

CRISIL AA/Stable

Secured NCDs

Yield Up To

9.25% p.a.

72-month series

Min. Investment

₹10,000

In multiples of ₹1,000

Issue Period

Jun 19 - Jul 03

2026

About the Issuer

Muthoot Fincorp Limited is the flagship company of the Muthoot Pappachan Group (also known as Muthoot Blue). It is one of the leading gold loan NBFCs in India, providing gold loans, microfinance, housing loans, and auto loans across a vast network of branches. Muthoot Fincorp has consistently reported robust financial performance with high growth in gold loan disbursements, solid capital adequacy ratio well above regulatory requirements, and an established track record of timely interest and principal servicing with zero delay.

Key Issue Details

Issue Type
Public Issue of Secured Redeemable NCDs (Tranche IV)
Face Value
₹1,000 per NCD
Base Issue Size
₹200 Crore
Green Shoe Option
Up to ₹400 Crore
Total Issue Size
Up to ₹600 Crore
Opening Date
Friday, June 19, 2026
Closing Date
Friday, July 03, 2026
Listing
BSE Limited
Allotment
First Come, First Served basis
Security Cover
1.00x asset cover on outstanding amount
Put Option
Not Applicable
Call Option
Not Applicable
Demat
Mandatory (NSDL / CDSL)
Debenture Trustee
Vardhman Trusteeship Private Limited
Registrar
Link Intime India Private Limited
Auditor
Walker Chandiok & Co LLP

Objects of the Issue

  • Onward lending and financing of gold loan portfolio (at least 75%)
  • Repayment/prepayment of interest and principal on existing borrowings
  • General corporate purposes (up to 25% of net proceeds)

Credit Rating

CRISIL

AA

Stable Outlook

AA indicates high degree of safety regarding timely servicing of financial obligations; such instruments carry very low credit risk.

Rating Date: June 16, 2026

Investment Highlights

  • Secured NCDs with AA/Stable rating by CRISIL
  • Robust AUM growth of 46% YoY
  • High yield of up to 9.25% p.a. for retail investors
  • 1.00x asset cover security on outstanding amount
  • Option to choose Monthly, Annual, or Cumulative payouts
  • Part of the established Muthoot Pappachan Group (Muthoot Blue)

Why Invest in This Issue?

Why Consider This Investment?

Attractive Fixed Returns

Earn up to 9.25% p.a., significantly higher than traditional fixed deposits.

Flexible Payout Options

Choose monthly, annual, or cumulative interest payout across 12 series.

Secured Investment Structure

Backed by gold loan assets with 1.00x security cover on the outstanding amount.

Strong Credit Profile

Rated AA / Stable by CRISIL and Brickwork, indicating high creditworthiness.

Diversification Opportunity

Add fixed-income exposure to balance equity market volatility.

Listed on BSE

Exchange listing offers potential liquidity post allotment.

Consolidated Financial Highlights

MetricFY26FY25FY24FY23
Total AUM (₹ in Crore)57,58033,56322,86619,720
Total Revenue (₹ in Crore)8,364.295,550.534,015.773,491.26
Net Profit / PAT (₹ in Crore)1,640.21787.15562.81459.81

Key Leadership Team

Thomas John Muthoot

Chairman & MD

Flagship promoter of the Muthoot Pappachan Group, providing strategic direction for 30+ years.

Shaji Varghese

CEO

Leads the executive management team and business expansion initiatives across India.

Joseph Oommen

CFO

Oversees treasury, corporate finance, and regulatory compliance functions.

Who Should Invest?

Is This Right for You?

This NCD may be suitable for:

  • Investors seeking higher returns than FDs
  • Individuals looking for monthly, annual, or cumulative income
  • Investors comfortable with NBFC credit risk
  • Portfolio builders wanting fixed-income diversification

May not be suitable for:

  • Investors needing high liquidity
  • Conservative investors preferring sovereign-backed safety
  • Those unwilling to hold till maturity