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NCD Status: Closed [1st Sep 2023 to 14th Sep 2023]
Muthoot Fincorp Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 400.00 Cr and Shelf issue size of worth Rs 1100.00 Cr. The subscription is opening from 01 Sept 2023 to 14 Sept 2023. The company issues series I to X at an issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs) . The face value of each NCD is Rs 1000. The NCD tenor is 24, 36, 60 and 96 months with a coupon rate ranging from 8.65% - 9.44% per annum.
Check more about the Muthoot Fincorp Limited including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 1st Sep 2023 |
| NCD Closing Date: | 14th Sep 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹400.00Cr |
| Issue Size (Shelf): | ₹1100.00Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE |
| Tenor: | 24, 36, 60 and 96 months |
| Rating: | CRISIL AA-/Stable |
| Series: | Series I to X |
| Payment Frequency: | Monthly, Annual and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 1st Sep 2023 |
| NCD Issue Close | 14th Sep 2023 |
| BSE Code: | 3130 |
| BSE Script Symbol: | MFINCORP16 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 50000 | 5% |
| Non-Institutional | 350000 | 35% |
| Retail | 600000 | 60% |
Muthoot Fincorp Limited was established in 1997. It is an RBI registered non-deposit taking systemic NBFC. The company is one of the leading providers of gold loans in the Indian market. The personal and business loans offered by the Company, secured by gold jewellery and ornaments (“Gold Loans”), are structured to serve business and personal purposes of individuals who do not have quick or timely access to formal credit or who do not have credit available at all to meet unforeseen or other short-term liquidity needs.
The company has been in the gold loan business for over two decades and is headquartered in Kerala, India. The company offers retail loan products, which are primarily gold loans. Its gold loan products include Muthoot Blue Guide Gold loan, Muthoot Blue Bright Gold loan, Muthoot Blue Power Gold loan, Muthoot Blue Bigg Gold loan, Muthoot Blue Smart Gold loan and 24x7 Express Gold loan. The '“24x7 Express Gold Loan” product can be availed by people who need a quick loan for their gold jewellery and already have a loan with the company. It is a type of top-up loan. The “Smart Plus Gold Loan”, the Company's other gold loan option, is specifically for working customers and has a term of up to 24 months.
The Company’s subsidiaries are engaged in the following businesses:
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 26,284.54 | 28,422.34 | 32,134.61 |
| Revenue | 4,101.19 | 4,355.13 | 5,151.33 |
| Profit After Tax | 397.28 | 412.55 | 646.42 |
| Net Worth | 3,034.70 | 3,731.16 | 4,257.18 |
| Reserves and Surplus | |||
| Total Borrowing |
The company proposes to utilise the funds which are being raised through the Issue:
1. For the purpose of Working Capital-- 75% of the amount raised and allotted in the Issue.
2. For General Corporate Purposes-- 25% of the amount raised and allotted in the Issue
Muthoot Fincorp Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Annual | Annual | Annual | Cumulative | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 36 Months | 60 Months | 24 Months | 36 Months | 60 Months | 24 Months | 36 Months | 60 Months | 96 Months |
| Coupon (% per Annum) | 8.65% | 8.90% | 9.05% | 9.00% | 9.27% | 9.44% | NA | NA | NA | NA |
| Effective Yield (% per Annum) | 8.99% | 9.26% | 9.43% | 8.99% | 9.26% | 9.43% | 8.99% | 9.26% | 9.43% | 9.05% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,188.00 | Rs 1,305.00 | Rs 1,570.00 | Rs 2,001.00 |
Thomas John Muthoot, Thomas George Muthoot, and Thomas Muthoot are the company promoters.
The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited.
Last Updated on 2023-09-17T06:33:01+00:00
