Tranche I Issue will be open till November 5, 2026
FinTech BizNews Service
Mumbai, October 23, 2026: Muthoot FinCorp Limited (“MFL”), the flagship company of the Muthoot Pappachan Group has announced the launch of the NCD Tranche I (as defined below) of secured, rated and redeemable non-convertible debentures (“NCDs”) with a face value of Rs. 1,000 each. NCD Tranche I is scheduled to open on October 23, 2026.
The net proceeds from this issue are intended to be utilised for the purpose of onward lending, financing and for repayment/prepayment of interest and principal of existing borrowings, and for general corporate purposes. Muthoot FinCorp Ltd. aims to raise up to Rs. 50,000 lakhs under the NCD Tranche I, which is within the approved shelf limit of Rs. Rs4,00,000 lakhs.
The NCD Tranche I issue comprises of a base size of Rs. 20,000 lakhs with a green shoe option of up to Rs. 30,000 lakhs, aggregating up to Rs. 50,000 lakhs (“NCD Tranche I”). The NCDs offer effective yields ranging from 8.89% to 9.25% across multiple tenure options of 24, 36, 60, and 72 months.
The NCD Tranche I will be open to the public till November 5, 2026, subject to early closure upon approval from the board of directors of MFL or the stock allotment committee of the board of directors of MFL, and in accordance with Regulation 33A of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended (“SEBI NCS Regulations”).
These NCDs have been rated CRISIL AA/Stable (pronounced as "Crisil double A with a stable outlook") by Crisil Ratings Limited, and BWR AA+/Stable by Brickwork Ratings India Limited indicating a high degree of safety regarding timely servicing of financial obligations. It is proposed that these instruments will be listed on the debt market segment of BSE Limited.
For individual investors applying through intermediaries (including syndicate members, stockbrokers, RTA, and depository participants), applications up to Rs 5 lakhs must be made using UPI for fund blocking, along with a valid UPI ID. Investors can also apply through other modes, including self-certified syndicate banks and the stock exchange platform.
Shaji Varghese, CEO – Muthoot FinCorp Ltd. said, “We are pleased to announce the launch of our new NCD series, offering investors a secured investment opportunity... Participation is made seamless through our extensive network of over 3,872 branches, our mobile app - Muthoot FinCorp ONE, and through partner network.”
About Muthoot FinCorp Limited
Muthoot FinCorp Limited is the flagship company of Muthoot Pappachan Group. Muthoot FinCorp’s core purpose is “to transform the lives of the common man by improving their financial well-being.” through the Company’s network of 3,872 branches across 25 states and union territories in India as of September 30, 2026.
About Muthoot Pappachan Group
Muthoot Pappachan Group (“MPG”), which has roots dating back to 1887, has diversified into various sectors including financial services, hospitality, automotive, IT services, and alternate energy.
