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Muthoot Mercantile NCD August 2024 Detail
Issue Open August 23, 2024
Issue Close September 5, 2024
Issue Size (Base) ₹75.00 Crores
Issue Size (Shelf) ₹[.] Crores
Issue Price ₹1000 per NCD
Listing At BSE

Muthoot Mercantile NCD August 2024 Date & Price

The Muthoot Mercantile NCD August 2024 issue opens on August 23, 2024, and closes on September 5, 2024, for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.

Muthoot Mercantile Limited NCD IPO dates are as below:

Muthoot Mercantile NCD August 2024 Issue Timetable

Bid/Offer Opens OnAugust 23, 2024
Bid/Offer Closes OnSeptember 5, 2024
Record Date
Deemed Date of Allotment

Muthoot Mercantile NCD August 2024 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for Muthoot Mercantile NCD August 2024 is Monthly and Cumulative.

Each application should be for a minimum of 10 NCD's and multiples of 1 NCD thereof.

Muthoot Mercantile NCD August 2024 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until September 5, 2024. The bid may close earlier in case it is fully subscribed.

Muthoot Mercantile Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9
Frequency of Interest PaymentMonthlyCumulativeCumulativeCumulativeMonthlyCumulativeMonthlyCumulativeCumulative
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor400 Days400 Days20 Months20 Months36 Months36 Months60 Months60 Months73 Months
Coupon (% per Annum)10.70%NA10.80%NA11.25%NA11.50%NANA
Effective Yield (% per Annum)11.24%10.80%11.35%10.77%11.85%11.08%12.13%11.03%12.07%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,118.95Rs 1,000.00Rs 1,185.83Rs 1,000.00Rs 1,370.50Rs 1,000.00Rs 1,687.50Rs 2,000.00

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 400 days, 20, 36,60 and 73 Months.

Muthoot Mercantile NCD August 2024 Issue Size and Subscription Status

The Muthoot Mercantile Limited NCD issue size is ₹75.00 Crores.

Sorry, The number of shares offered in Muthoot Mercantile NCD August 2024 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this Issue.

  1. Minors without a guardian name
  2. Foreign nationals
  3. Persons resident outside India
  4. Foreign Portfolio Investors
  5. Foreign Venture Capital Investors
  6. Qualified Foreign Investors
  7. Overseas Corporate Bodies
  8. Persons ineligible to contract under applicable statutory/regulatory requirements

You could check Muthoot Mercantile Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

Muthoot Mercantile NCD August 2024 Allotment and Listing

The NCD's are proposed to be listed on BSE.

Applicants are allocated NCD's on a First Come First Serve Basis.

The Muthoot Mercantile Limited Allotment Status is not available online at this time.

The Muthoot Mercantile Limited NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price Muthoot Mercantile NCD August 2024 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

Muthoot Mercantile Limited NCD - Should I apply?

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

Sorry, we do not provide NCD recommendations. But we share a lot of information about Muthoot Mercantile NCD August 2024 which could help you with questions like Muthoot Mercantile NCD August 2024 buy or not? You should also read Muthoot Mercantile NCD August 2024 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

Muthoot Mercantile Limited NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.

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