Muthoot Capital Raises ₹50 Crore via NCDs Offering 10% Interest; Secures BSE Listing
By Ankur Chandra | Published at: Jun 17, 2025 04:51 PM IST
Mumbai, 17 June 2025: Muthoot Capital Services Ltd (BSE: 511766) has completed the private placement of Non-Convertible Debentures (NCDs), issuing 5,000 units and raising a total of ₹50 crore. This was sanctioned by the company’s Debenture Issue and Allotment Committee earlier today.
NCD Issue Structure and Financial Terms
| Particulars | Details |
|---|---|
| Instrument Type | Rated, Listed, Senior, Secured, Redeemable, Taxable NCDs |
| Face Value per NCD | ₹1,00,000 |
| Total Issue Size | ₹50 crore |
| Date of Allotment | June 17, 2025 |
| Maturity Date | June 17, 2027 (24-month tenure) |
| Coupon Rate | 10.00% p.a., payable monthly |
| Principal Repayment | At maturity |
| Listing | Proposed on BSE Limited |
Asset Security and Investor Safeguards
The NCDs are backed by a first pari passu charge over the issuer’s loan receivables portfolio. Pari passu means multiple lenders have equal rights over the same set of assets, without any preferential treatment. According to the Deed of Hypothecation, the hypothecated asset cover is maintained at 1.15 times the outstanding principal and associated dues. The company’s filings confirm that there have been no instances of delayed or missed payments on either principal or interest.
Compliance with SEBI Guidelines
This allotment has been made under the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The planned listing of these NCDs on the BSE will help enhance liquidity and facilitate broader investor access through the secondary market.
Company Profile
Established in 1994 and based in Kochi, Muthoot Capital Services Ltd is a listed non-banking financial company (NBFC) primarily involved in financing two-wheelers and consumer durables. The company forms part of the Muthoot Pappachan Group and trades under the ticker symbol MUTHOOTCAP on NSE and 511766 on BSE.
REF: https://nsearchives.nseindia.com/corporate/MUTHOOTCAPS_17062025121542_SE_Intimation_Allotment.pdf
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