Muthoot Mercantile Limited is raising money through a public issue of secured redeemable non-convertible debentures, open from 12 Nov 2026 to 26 Nov 2026. Tenors of 13 months–78 months, highest effective yield 11.57%, rated ACUITE A. Face value ₹1,000; minimum application ₹10,000.
Open for bidding until 26 Nov 2026
Muthoot Mercantile NCD issue: key facts
| Status | Open now |
|---|---|
| Issue opens | 12 Nov 2026 |
| Issue closes | 26 Nov 2026 |
| Highest effective yield | 11.57% |
| Tenor | 13 months–78 months |
| Credit rating | ACUITE A |
| Instrument | Secured Redeemable non-convertible Debentures |
| Base issue size | ₹100 crore |
| Total with green shoe | ₹200 crore |
| Face value | ₹1,000 |
| Minimum application | 10 NCDs ie Rs 10,000 (across all series of NCDs) |
| Lead managers | 1) VIVRO FINANCIAL SERVICES PRIVATE LIMITED2) Tipsons Consultancy Services Private Limited |
| Registrar | KFin TechnologiesLimited |
| Listing on | BSE |
| Symbol | MMLNCDIX |
About Muthoot Mercantile as a bond issuer
Before applying, see Muthoot Mercantile 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
When does the Muthoot Mercantile NCD issue open and close?
The issue is open from 12 Nov 2026 to 26 Nov 2026, unless closed early or extended.
What is the minimum investment in the Muthoot Mercantile NCD issue?
10 NCDs ie Rs 10,000 (across all series of NCDs).
What is the credit rating of Muthoot Mercantile NCDs?
Rated ACUITE A at the time of the issue. Ratings can change; check the rating agency's latest press release.
Are Muthoot Mercantile 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 |
|---|---|---|---|---|---|
| Muthoot Fincorp | 23 Oct 2026 | 8.56%–9.25% | 2 years–6 years | Rated by Crisil, Brickwork | ₹500 crore |
| 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 |
| Adani Enterprises | 6 Jan 2026 | — | — | — | — |
| SMC Global Securities | 16 Oct 2025 | 9.75%–10.25% | 2 years–5 years | ICRA A | ₹150 crore |
| Canara HSBC Life Insurance Company | 10 Oct 2025 | — | — | — | — |
Updated 13 Nov 2026, 10:41 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.
