Muthoot Fincorp Limited is raising money through a public issue of secured redeemable non-convertible debentures, open from 23 Oct 2026 to 5 Nov 2026. Coupons of 8.56%–9.25% a year, tenors of 2 years–6 years, highest effective yield 9.25%, rated by Crisil, Brickwork. Face value ₹1,000; minimum application ₹10,000.
Open for bidding until 5 Nov 2026
Muthoot Fincorp NCD issue: key facts
| Status | Open now |
|---|---|
| Issue opens | 23 Oct 2026 |
| Issue closes | 5 Nov 2026 |
| Coupon | 8.56%–9.25% a year |
| Highest effective yield | 9.25% |
| Tenor | 2 years–6 years |
| Interest payment | Monthly, Annual, Cumulative |
| Credit rating | Rated by Crisil, Brickwork (grades in the issue structure document) |
| Instrument | Secured Redeemable non-convertible Debentures |
| Base issue size | ₹200 crore |
| Total with green shoe | ₹500 crore |
| Face value | ₹1,000 |
| Minimum application | Rs 10,000 (10 NCDs) (across all Series of NCDs taken individually or collectively) |
| Lead managers | Nuvama Wealth Management Limited |
| Registrar | Integrated Registry Management Services Private Limited |
| Listing on | BSE |
| Symbol | MFINCORP31 |
Series, coupons and tenors
- Series I – 24 months, Monthly, coupon 8.56% a year, effective yield 8.89%
- Series II – 36 months, Monthly, coupon 8.75% a year, effective yield 9.10%
- Series III – 60 months, Monthly, coupon 8.84% a year, effective yield 9.20%
- Series IV – 72 months, Monthly, coupon 8.88% a year, effective yield 9.24%
- Series V – 24 months, Annual, coupon 8.90% a year, effective yield 8.89%
- Series VI – 36 months, Annual, coupon 9.10% a year, effective yield 9.09%
- Series VII – 60 months, Annual, coupon 9.20% a year, effective yield 9.19%
- Series VIII – 72 months, Annual, coupon 9.25% a year, effective yield 9.24%
- Series IX – 24 months, Cumulative, effective yield 8.90%
- Series X – 36 months, Cumulative, effective yield 9.10%
- Series XI – 60 months, Cumulative, effective yield 9.20%
- Series XII – 72 months, Cumulative, effective yield 9.25%
As listed by NSE. "Category" refers to the investor categories in the prospectus (individuals usually fall in Categories III and IV). Cumulative series pay the amount shown at maturity instead of periodic interest.
About Muthoot Fincorp as a bond issuer
Before applying, see Muthoot Fincorp Limited: every outstanding bond and NCD with its coupon and maturity, the rating history and the company's private placements.
Documents and how to apply
- Issue structure BSE, PDF
- Prospectus BSE, PDF
- BSE public issues
While the issue is open, apply through your bank's net banking (ASBA) or your broker's app with UPI. The NCDs are credited to your demat account and listed on the exchange after allotment.
Questions and answers
What is the interest rate on Muthoot Fincorp NCDs?
The coupon is 8.56%–9.25% a year, depending on the series and investor category, for tenors of 2 years–6 years. The series list on this page gives the coupon, tenor and payment frequency of each option.
When does the Muthoot Fincorp NCD issue open and close?
The issue is open from 23 Oct 2026 to 5 Nov 2026, unless closed early or extended.
What is the minimum investment in the Muthoot Fincorp NCD issue?
Rs 10,000 (10 NCDs) (across all Series of NCDs taken individually or collectively).
Are Muthoot Fincorp NCDs secured?
The issue is described as: Secured Redeemable non-convertible Debentures. The prospectus gives the security, the asset cover and the debenture trustee.
Other NCD issues
| Issuer | Opened | Coupon | Tenor | Rating | Issue size |
|---|---|---|---|---|---|
| SMC Global Securities | 5 Oct 2026 | 9.5%–10% | 2 years–5 years | ICRA A | ₹150 crore |
| Nashik Municipal Corporation | 25 Feb 2026 | 8.05% | 3 years–10 years | IND AA+, CRISIL AA+ | ₹200 crore |
| IIFL Finance | 17 Feb 2026 | — | — | — | — |
| Power Finance Corporation | 16 Jan 2026 | 6.85%–7.3% | 5 years–15 years | CRISIL AAA, CARE AAA, ICRA AAA | ₹5,000 crore |
| SMC Global Securities | 16 Oct 2025 | 9.75%–10.25% | 2 years–5 years | ICRA A | ₹150 crore |
| Surat Municipal Corporation | 6 Oct 2025 | 8% | 4 years–5 years | IND AA+, CRISIL AA+ | ₹200 crore |
| Sammaan Capital | 15 Jul 2025 | 8.42%–9.95% | 2 years–10 years | CRISIL AA, ICRA AA | ₹2,000 crore |
| UGRO Capital | 3 Apr 2025 | 10%–10.5% | 18 months–42 months | IND A+ | ₹200 crore |
Updated 5 Nov 2026, 5:47 pm from the NSE and BSE public issue pages. Methodology and sources
This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.
