MUTHOOT MERCANTILE LIMITED NCD

Non-banking financial company(NBFC)| Rs. 10,000 Min Investment

Issue Opening Date
Friday, May 29, 2026
Issue Closing Date
Thursday,June 11, 2026*
Credit Ratings
“Crisil BBB+/Stable”
Tranche III Issue Size (Net)
Rs. 150 crores
MUTHOOT MERCANTILE LIMITED NCD ClosedOpen
Non-banking financial company(NBFC)

Rs. 10,000

Min. investment
Invest Now

1. Company Information

MMuthoot Mercantile Limited is a non-banking financial company (NBFC) engaged primarily in gold loan financing and related financial services. Incorporated in 1997, the company operates under the well-recognized Muthoot brand and focuses on providing secured loans against gold ornaments to retail customers across India. It has built a strong presence in key states such as Kerala, Maharashtra, and Odisha through an expanding branch network. The company emphasizes customer-centric financial solutions, prudent risk management, and technology-driven operations to improve efficiency and accessibility. Backed by experienced promoters and an established market reputation, the company aims to strengthen its position in the growing gold loan and NBFC sector.

Company Strengths

1. Established Brand Recognition – Benefits from the well-known Muthoot brand, enhancing customer trust and market credibility.

2. Strong Gold Loan Expertise – Long operating history and specialized focus on gold-backed lending support efficient loan processing and risk management.

3. Extensive Branch Network – Presence across multiple states enables wider customer reach and business scalability.

4. Secured Lending Model – Gold loans are backed by pledged gold ornaments, helping maintain relatively lower credit risk compared to unsecured lending.

5. Experienced Management and Risk Controls – Supported by an experienced leadership team, robust operational processes, and regulatory compliance practices that strengthen business stability and growth prospects.

2. Rating:

“Crisil BBB+/Stable”

3. Kfin Technologies Ltd. Registrar

https://ipostatus.kfintech.com/

KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
04067162222, 04079611000
reachus@kfintech.com
https://ipostatus.kfintech.com/

MUTHOOT MERCANTILE LIMITED Details

Type of Issue: Secured Redeemable Non-Convertible Debentures
Issue Opening Date: Friday, May 29, 2026
Issue Closing Date: Thursday,June 11, 2026*
Base Issue Size: Rs. 75crores
Green Shoe Option: Rs. 75crores
Tranche III Issue Size: Rs. 150crores
Credit Rating: “Crisil BBB+/Stable”
Allotment: First Come First Serve Basis*
Minimum Application: ₹ 10,000 (10 NCDs)
Face Value of NCDs (₹ /NCD): ₹ 1,000 (1 NCD)
Issue Price (₹ /NCD): ₹ 1,000 (1 NCD)
Listingat: BSE
Mode of Interest Payment/ Redemption: Through various options available

Specific Terms for Each Series of NCDs

Series I II III IV V VI VII
Frequency of Interest Payout Monthly Cumulative Monthly Cumulative Monthly Cumulative Cumulative
Nature Secured
Tenor 400 Days 400 Days 24 months 24 months 36 months 36 months 73 months
Coupon (% per Annum) 10.50% NA 10.75% NA 11.00% NA NA
Effective Yield (% per Annum) 11.02% 10.94% 11.30% 11.36% 11.57% 11.60% 12.07%
Amount on Maturity (In Rs.) Rs 1,000 Rs 1,120.55 Rs. 1,000 Rs 1,240 Rs. 1,000 Rs 1,390 Rs 2,000

MUTHOOT MERCANTILE LIMITED Company Financials

Particulars
31-Mar-25
31-Mar-24
31-Mar-23
Assets
990.8
792.1
606.5
Revenue
166.4
131.8
94.7
Profit After Tax
28.1
24.3
18.2
Amount in ₹ Crore

Prospectus Document

Official Red Herring Prospectus (RHP)

For detailed company and issue information

Disclaimer: This report has been prepared by RR Equity Brokers Private Ltd. The information in this report is collected from various public sources. RR Equity Brokers is not responsible for any loss or damage that may result from using this information or from investment risks.

SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508

* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.