The issue gets oversubscribed on the first day itself
The 32nd NCD series issue of Muthoot Finance became an instant hit with an oversubscription of ₹770.35 crore on the first day. The issue has a base size of Rs 100 crore with an option to retain oversubscription up to Rs 600 crore and a tranche limit of Rs 700 crore.
“We are delighted and grateful for the great support from our investors and this achievement reflects our dedication to provide excellent service to the retail investors who are an integral part of our journey. The company has always prioritized investors’ safety by offering ICRA’s AA+/Stable rated NCDs with attractive rates of return”, said Mr George Alexander Muthoot, Managing Director of Muthoot Finance. He also added that issuing bonds had always been a practice of primarily focus, which can empower retail investors and provide them with powerful avenues to diversify their investment portfolio.
