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NCD Status: Closed [6th Oct 2022 to 26th Oct 2022]
Muthoot Finance NCD of Rs. 300 Cr issue size and Rs 3000 Cr shelf size opens for subscription from 07 Oct to 26 Oct 2022. The company issues series I to VII secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs). The NCD tenor is 24, 36, and 60 months with a coupon rate ranging 7.00%-7.50% per annum. Check more about the Muthoot Finance Limited Tranche III NCD Oct 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 6th Oct 2022 |
| NCD Closing Date: | 26th Oct 2022 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | Rs 300 Cr |
| Issue Size (Shelf): | Rs 3000 Cr |
| 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, and 60 Months |
| Rating: | ICRA AA+/Stable |
| Series: | Series I to VII |
| Payment Frequency: | Monthly and Annual |
| Basis of Allotment: | First Come First Serve Basis |
| Interest on return: | TBD |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 6th Oct 2022 |
| NCD Issue Close | 26th Oct 2022 |
* - Tentative Dates
| Category Name | NCD's Allocated |
|---|---|
| Institutional | 5% |
| Non-Institutional | 5% |
| HNI | 40% |
| Retail | 50% |
Muthoot Finance Limited is the largest gold loan NBFC in India in terms of the loan portfolio. The company was ranked the largest gold loan company in India in terms of the loan portfolio as of March 31, 2021. It is a Systemically Important Non-Deposit Taking NBFC have headquarters in Kerala with a legacy of 83 years of the family business.
The company offers Gold Loan, Housing Finance (Home Loans), Personal Loan, Insurance, Gold Coins, Money Transfer Services, Foreign Exchange, Mutual Funds, Micro Finance, and Vehicle loan to small businessmen, vendors, traders, farmers, and salaried individuals. For the years ended March 31, 2020, 2021, and 2022 revenues from the gold loan business constituted 96.81%, 95.88%, and 96.67% respectively of total income. It has a branch network of 4,617 branches as of June 30, 2022, comprising 792 branches in northern India, 2,762 branches in southern India, 754 branches in western India, and 309 branches in eastern India covering 22 states, the national capital territory of Delhi and six union territories in India.
| Muthoot Finance Limited Financials (₹ in Cr) | 31-Mar-2022 | 31-Mar-2021 | |||||
|---|---|---|---|---|---|---|---|
| Total Assets | ₹76316.47 | ₹68641.44 | |||||
| Total Income | ₹12237.46 | ₹11566.42 | |||||
| Net Profit/Loss | ₹4031.32 | ₹3818.87 |
| Tenure | 36 months | 60 months | 24 months | 36 months | 60 months | 36 months | 60 months |
| Options | I | II | III | IV | V | VI | VII |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Annual | Annual | Annual | NA | NA |
| Coupon Rate % Per Annum for NCD holders in category I, II, III & IV | 7.00% | 7.25% | 7.00% | 7.25% | '7.50% | NA | NA |
| Effective Yield (% per annum) for NCD holders in category I, II, III, & IV | 7.50% | 7.75% | 7.50% | 7.75% | 8.00% | 7.75% | 8.00% |
| Amount on Maturity for NCD holders in category I, II, III & IV | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,250.98 | ₹1,469.33 |
George Thomas Muthoot, George Jacob Muthoot, and George Alexander Muthoot are the company promoters.
The NCDs proposed to be issued under the Issue have been rated [ICRA] AA+/Stable by ICRA Limited such ratings are considered to have a stable outlook.
Last Updated on 2022-10-05T12:15:59+00:00
