Muthoot Mercantile Limited NCD (Muthoot Mercantile NCD Nov 2023) Detail

December 4, 2023 - December 15, 2023

Incorporated in 1939, Muthoot Mercantile Limited is a non-banking financial company engaged in the business of lending loans against the security of Gold, Investments, Health Insurance, Forex Services, and Money Transfer.

The Company has branches located throughout Kerala, Tamil Nadu, Maharashtra, Odisha, Delhi, Haryana, Madhya Pradesh, Punjab, and Uttar Pradesh, with potential for further expansion. The company is headquartered in Thiruvananthapuram, a city in the south Indian state of Kerala. They have been in the money lending business for decades, mainly focused on small-scale lending against households and used gold jewellery. Over the course of 84 years, the company has evolved its operations.

Muthoot Mercantile NCD Nov 2023 Detail

Issue Open	December 4, 2023 - December 15, 2023
Security Name	Muthoot Mercantile Limited
Security Type	Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)	Rs 100.00 Crores
Issue Size (Shelf)	Rs 200.00 Crores
Issue Price	Rs 1000 per NCD
Face Value	Rs 1000 each NCD
Minimum Lot size
Market Lot	1 NCD
Listing At	BSE
Credit Rating	IND BBB/Stable by by India Ratings & Research Private Limited
Tenor	367days, 18, 24, 36, 60, 75 months
Series	Series I to XI
Payment Frequency	Monthly and Cumulative
Basis of Allotment	First Come First Serve Basis
Debenture Trustee/s	Mitcon Credentia Trusteeship Services Limited

NCD Allocation Ratio

Category	NCD's Allocated
Institutional	10%
Non-Institutional	40%
Retail	50%

NCD's Offered by Category

Category	NCD's Reserved
Institutional	100,000
Non-Institutional	400,000
Retail	500,000
Category 4	0
Total NCD's	1,000,000

Muthoot Mercentile Limited NCD Coupon Rates

#	Series 1	Series 2	Series 3	Series 4	Series 5	Series 6	Series 7	Series 8	Series 9	Series 10	Series 11
Frequency of Interest Payment	Monthly	Cumulative	Monthly	Cumulative	Monthly	Cumulative	Monthly	Cumulative	Monthly	Cumulative	Cumulative
Nature	Secured	Secured	Secured	Secured	Secured	Secured	Secured	Secured	Secured	Secured	Secured
Tenor	367 Days	367 Days	18 Months	18 Months	24 Months	24 Months	36 Months	36 Months	60 Months	60 Months	75 Months
Coupon (% per Annum)	9.50%	NA	9.65%	NA	9.75%	NA	10.25%	NA	10.50%	NA	NA
Effective Yield (% per Annum)	9.92%	9.75%	10.09%	9.77%	10.20%	9.77%	10.75%	10.18%	11.02%	9.61%	11.73%
Amount on Maturity (In Rs.)	Rs 1,000.00	Rs 1,097.50	Rs 1,000.00	Rs 1,150.00	Rs 1,000.00	Rs 1,205.00	Rs 1,000.00	Rs 1,337.50	Rs 1,000.00	Rs 1,582.50	Rs 2,000.00

NCD Rating

The NCDs proposed to be issued under this Issue have been rated “IND BBB/Stable”, by India Ratings & Research Private Limited

Company Promoters

The promoter of the company is Mathew Mathaininan

Company Financials

Muthoot Mercentile Limited Financial Information (Restated)

Muthoot Mercentile Limited's revenue increased by 41.25% and profit after tax (PAT) rose by 6.85% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	631.62	606.51	316.24	420.35
Revenue	46.45	94.67	67.02	49.39
Profit After Tax	8.93	18.19	17.02	14.02
Net Worth
Reserves and Surplus	115.08	106.14	87.95	70.93
Total Borrowing
Amount in ₹ Crore

Objects of the Issue

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

1.For the purpose of onward lending, financing and repayment/prepayment of principal and interest on existing

borrowings; and

2. General Corporate Purposes

Muthoot Mercantile NCD Nov 2023 Prospectus

› Draft Prospectus
› Red Herring Prospectus

Muthoot Mercantile NCD Nov 2023 Subscription Status

The Muthoot Mercantile NCD Nov 2023 was subscribed 1.15 times on December 15, 2023 5:00:00 PM. The NCD subscribed 1.22 times in Retail, 1.35 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?	Subscription (times)
Retail	1.22x
Non-Institutional	1.35x
Institutional	0.00x
Total	1.15x

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Muthoot Mercantile NCD Nov 2023 Rating

3.7

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Muthoot Mercantile NCD Nov 2023 Reviews

Dilip Davda - Avoid

Company Contact Information

Muthoot Mercantile Limited
1st Floor, North Block, Muthoot Floors, Opposite W
Thycaud
Thiruvananthapuram 695 014, Kerela, India

Phone: +91-471-277-4800
Email: cs@muthootenterprises.com
Website: https://muthootenterprises.com/

Muthoot Mercantile NCD Nov 2023 Registrar

Kfin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: mml.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/