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Flat ₹20/trade Intra-day/F&O
NCD Status: Closed [2nd Jan 2023 to 27th Jan 2023]
Muthoot Fincorp Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 200.00 Cr and Shelf issue size of worth Rs 200.00 Cr. The subscription is opening from 02 Jan 2023 to 27 Jan 2023. . The company issues series I to VIII 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 27, 38, 48, 60 months with a coupon rate ranging from 8.10% - 8.80% per annum.
Check more about the Muthoot Fincorp Limited NCD 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
NCD Opening Date: | 2nd Jan 2023 |
NCD Closing Date: | 27th Jan 2023 |
NCD Type: | Secured NCD |
Issue Size (Base): | ₹200.00Cr |
Issue Size (Shelf): | ₹200.00Cr |
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: | 27, 38, 48 and 60 Months |
Rating: | CRISIL AA-/Stable by CRISIL Ratings Limited |
Series: | Series I to VIII |
Payment Frequency: | Monthly, Annual and Cumulative |
Basis of Allotment: | |
Interest on return: |
Zerodha Trade@20
NCD Activity | Date |
---|---|
NCD Issue Open | 2nd Jan 2023 |
NCD Issue Close | 27th Jan 2023 |
BSE Code: | 2878 |
* - Tentative Dates
Category Name | NCD's Reserved | NCD's Allocated |
---|---|---|
Institutional | 100000 | 5% |
Non-Institutional | 700000 | 35% |
Retail | 1200000 | 60% |
Muthoot Fincorp Limited was incorporated on 1997. They have been engaged in the Gold loans business for over two decades and are headquartered in Kerala, India. The Company provides retail loan products, primarily comprising of 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 product of their Company, the '24x7 Express Gold loan' can be utilised by individuals who require quick loans against their gold jewellery and who have an existing loan with the Company. This is a type of top up loan. 'Smart Plus Gold loan', the other Gold loan variant of its Company is specifically designed for salaried customers, with tenure of up to 24 months.
This Company's subsidiaries are engaged in the following businesses:-
Muthoot Company is also authorised to act as a depository participant of CDSL as category II. This Fincorp Company is a part of the 'Muthoot Pappachan Group' which has diversified business interests ranging from hospitality, financial services, inflight catering, infrastructure for information technology, automobile sales and services and real estate.
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
---|---|---|---|---|
31-Mar-20 | 21241.81 | 3765.99 | 257.93 | 2653.03 |
31-Mar-21 | 26284.54 | 4101.19 | 397.28 | 3034.7 |
31-Mar-22 | 28422.34 | 4355.13 | 412.55 | 3731.16 |
Amount in ₹ Crore |
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 |
---|---|---|---|---|---|---|---|---|
Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Annual | Cumulative | Cumulative |
Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
Tenor | 27 months | 38 months | 48 months | 60 months | 48 months | 60 months | 27 months | 38 months |
Coupon Rate (Retail) | 8.10% | 8.25% | 8.40% | 8.50% | 8.70% | 8.80% | NA | NA |
Effective Yield (% per Annum) | 8.40% | 8.56% | 8.72% | 8.83% | 8.69% | 8.79% | 8.41% | 8.57% |
Amount on Maturity | 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 1,199.00 | Rs 1,297.00 |
Mr. Thomas John Muthoot, Mr. Thomas George Muthoot and Mr. Thomas Muthoot are the company promoters.
The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.
Last Updated on 2023-02-14T23:30:25+00:00