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| Issue Size (Base) | ₹50.00 Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE |
| Tenor | 36, 73 Months and 400 days |
| Credit Rating | IND BBB/Stable by by India Ratings & Research Private Limited |
| Series | Series I to V |
| Payment Frequency | Monthly and Cumulative |
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 799.05 | 606.51 | 420.36 | |
| Revenue | 116.95 | 131.78 | 94.67 | 67.02 |
| Profit After Tax | 19.19 | 25.31 | 18.19 | 17.02 |
| Amount in ₹ Crore | ||||
Mathew Mathaininan and Richi Mathew are the company promoters.
The Company proposes to utilise the funds which are being raised through the Issue, after deducting the Issue-related expenses to the extent payable by the company towards funding the following objects:
| # | Issue Objects |
|---|---|
| 1 | For onward lending, financing and repayment/prepayment of principal and interest on existing borrowings; and |
| 2 | General Corporate Purposes |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | |
|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured |
| Tenor | 400 Days | 400 Days | 36 Months | 36 Months | 73 Months |
| Coupon (% per Annum) | 10% | NA | 10.75% | NA | NA |
| Effective Yield (% per Annum) | 1,000% | 1,112% | 1,000% | 1,379% | 2,000% |
| Amount on Maturity (In Rs.) | Rs 10.47 | Rs 10.17 | Rs 11.3 | Rs 11.31 | Rs 12.07 |
The NCDs proposed to be issued under this Issue have been rated IND BBB/Stable by India Ratings & Research Private Limited
Muthoot Mercantile is a RBI-registered non-banking financial company (NBFC) in India. The company offers loans against the security of gold, health insurance, investments, forex services, and money transfer.
It offers gold loan primarily to retail customers and also offers unsecured loans to individuals for their personal requirements. The company serves customers across 11 states i.e., Tamil Nadu, Kerala, Maharashtra, Odisha, Madhya Pradesh, Haryana, Delhi, Punjab, and Uttar Pradesh.
As of December 31, 2024, its gold loan portfolio stood at Rs 79,559.89 lakh, which is 99.84% of its total loan disbursement.
