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NCD Status: Closed [5th Jan 2022 to 28th Jan 2022]
Muthoot Fincorp NCD of Rs. 400 Cr issue size opens for subscription from 5 Jan to 28 Jan 2022. The company issues series I to X 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 27, 38, 60, 72, and 96 months with a coupon rate ranging 8%-9% per annum. Check more about Muthoot Fincorp NCD January 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
NCD Opening Date: | 5th Jan 2022 |
NCD Closing Date: | 28th Jan 2022 |
NCD Type: | Secured NCD |
Issue Size (Base): | Rs 200 Cr |
Issue Size (Shelf): | Rs 200 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: | 27/38/60/72/96/ Months |
Rating: | CRISIL A+/Stable |
Series: | Series I to Series X |
Payment Frequency: | Monthly |
Basis of Allotment: | First Come First Serve Basis |
Interest on return: |
Zerodha Trade@20
NCD Activity | Date |
---|---|
NCD Issue Open | 5th Jan 2022 |
NCD Issue Close | 28th Jan 2022 |
* - Tentative Dates
Category Name | NCD's Reserved | NCD's Allocated |
---|---|---|
Institutional | 100000 | 5% |
Non-Institutional | 800000 | 40% |
Retail | 1100000 | 55% |
Muthoot Fincorp Ltd is an NBFC that is engaged in the business of offering secured personal and business loans. The company offers secured personal and business gold loans, as of Sep 30, 2021, it has serviced gold loans to 36.18 lakhs loan accounts. Currently, the business operates 3,658 branches across 24 states in India.
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 24*7 Express Gold Loan are some of the top gold loan products.
Muthoot Fincorp Financials (₹ in Cr) | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 |
---|---|---|---|
Total Assets | ₹26,284.54 | ₹21,241.81 | ₹18,376.09 |
Total Income | ₹4,101.19 | ₹3,765.99 | ₹3,353.76 |
Net Profit/Loss | ₹397.28 | ₹257.93 | ₹372.61 |
Options | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
---|---|---|---|---|---|---|---|---|---|---|
Nature | Secured NCDs | |||||||||
Tenor | 27 Months | 38 Months | 60 Months | 72 Months | 96 Months | 27 Months | 38 Months | 60 Months | 72 Months | 96 Months |
Frequency of Interest Payment | Monthly | Cumulative | ||||||||
Coupon Rate % Per Annum | 8.00% | 8.25% | 8.50% | 8.75% | 9.00% | NA | NA | NA | NA | NA |
Coupon Type | Fixed | |||||||||
Redemption Amount (? /NCD) for Debenture Holders (%) | 1000 | 1000 | 1000 | 1000 | 1000 | 1197 | 1297 | 1527 | 1687 | 2049 |
Effective Yield (%) | 8.30% | 8.56% | 8.83% | 9.10% | 9.37% | 8.31% | 8.57% | 8.83% | 9.11% | 9.37% |
Put and Call Option | NA |
Mr. Thomas John Muthoot, Mr. Thomas George Muthoot, and Mr. Thomas Muthoot are the company promoters.
CRISIL has rated the NCD issue of Rs. 400 Cr as A+ with a stable outlook. The rating indicates an adequate level of safety regarding timely payment of the company's financial obligations and is subject to low credit risks.
Last Updated on 2022-11-15T15:26:41+00:00