Muthoot Finance NCD will open for subscription from 28 November 2022. the company aims for a base issue size of ₹75 Crores.
Muthoot Finance Limited
Incorporated in 1997, Muthoot Finance Limited is a Kerala-based gold loan NBFC company with a legacy of 800 years of the family business. The company offers Gold loans, Housing Finance (Home Loans), Personal loans, Insurance, Gold Coins, Money Transfer Services, Foreign Exchange, Mutual Funds, Micro Finance, and Vehicle loan.
Muthoot Finance Gold Loan portfolio as of September 30, 2022, comprises approximately 8.16 million loan accounts in India that we serviced through 4,641 branches across 22 states, the national capital territory of Delhi, and six union territories in India. As of September 30, 2022, the company has employed 27,204 persons in our operations. As of March 31, 2022, the company had Rs. 276,630.69 million as borrowings from banks and financial institutions.
Objects of the Issue
- Lending purposes.
- General corporate purposes.
Muthoot Finance Limited Tranche IV NCD Nov 2022 Details
| Issue Open | Nov 28, 2022 – Dec 19, 2022 |
| Security Name | Muthoot Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 75.00 Crores |
| Issue Size (Shelf) | Rs 3,000.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | ICRA AA+/Stable |
| Tenor | 24, 36, and 60 months |
| Series | Series I to VII |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustees | IDBI TRUSTEESHIP SERVICES LTD. |
Coupon Rates
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Annual | Annual | Annual | NA | NA |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 36 months | 60 months | 24 months | 36 months | 60 months | 36 months | 60 months |
| Coupon Rate (Retail) | 7.85%% | 8.00% | 7.75% | 8.10% | 8.25% | NA | NA |
| Effective Yield (% per Annum) | 7.85% | 8.00% | 7.75% | 8.10% | 8.25% | 8.10% | 8.25% |
| Amount on Maturity | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,263.21 | Rs 1,486.41 |
NCD Rating
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.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 54881.69 | 9707.27 | 3168.68 | 11829.21 |
| 31-Mar-21 | 68641.44 | 11566.42 | 3818.87 | 15575.02 |
| 31-Mar-22 | 76316.47 | 12237.46 | 4031.32 | 18785.72 |
NCD Allocation Ratio
NCD’s Offered by Category
| Category | NCD’s Reserved |
|---|---|
| Institutional | 37,500 |
| Non-Institutional | 37,500 |
| HNI | 300,000 |
| Retail | 375,000 |
| Total NCD’s | 750,000 |
Company Promoters
- George Thomas Muthoot
- George Jacob Muthoot
- George Alexander Muthoot
NCD Lead Manager(s).
- A.K. Capital Services Limited
Muthoot Finance NCD Nov 2022 Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: mfl.ncd2022@linkintime.co.in
Website: https://linkintime.co.in/
Company Contact Information
Muthoot Finance Limited
2 nd Floor, Muthoot Chambers,
Opposite Saritha Theatre Complex,
Banerji Road, Kochi 682 018
Phone: (+91 484) 239 4712
Email: ncd@muthootgroup.com
Website: https://www.muthootfinance.com/
Final Thoughts
Non Convertible Debentures (NCD) are a better investment option for those who are looking for a diversified portfolio. investing in Muthoot Finance NCD is purely your personal choice. make a good study and analysis before you make the investment.
Happy Investing
