Muthoot Finance NCD

Muthoot Finance NCD-Tranche IV NCD Nov 2022 Details

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 OpenNov 28, 2022 – Dec 19, 2022
Security NameMuthoot Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 75.00 Crores
Issue Size (Shelf)Rs 3,000.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingICRA AA+/Stable
Tenor24, 36, and 60 months
SeriesSeries I to VII
Payment FrequencyMonthly and Annually
Basis of AllotmentFirst Come First Serve Basis
Debenture TrusteesIDBI TRUSTEESHIP SERVICES LTD.

Coupon Rates

 Series 1Series 2Series 3Series 4Series 5Series 6Series 7
Frequency of Interest PaymentMonthlyMonthlyAnnualAnnualAnnualNANA
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor36 months60 months24 months36 months60 months36 months60 months
Coupon Rate (Retail)7.85%%8.00%7.75%8.10%8.25%NANA
Effective Yield (% per Annum)7.85%8.00%7.75%8.10%8.25%8.10%8.25%
Amount on MaturityRs 1,000Rs 1,000Rs 1,000Rs 1,000Rs 1,000Rs 1,263.21Rs 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 EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-2054881.699707.273168.6811829.21
31-Mar-2168641.4411566.423818.8715575.02
31-Mar-2276316.4712237.464031.3218785.72
(Amount in ₹ Crore)

NCD Allocation Ratio

Category NCD’s Allocated
Institutional5%
Non-Institutional5%
HNI40%
Retail50%

NCD’s Offered by Category

Category NCD’s Reserved
Institutional37,500
Non-Institutional37,500
HNI300,000
Retail375,000
Total NCD’s750,000

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
Websitehttps://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
Websitehttps://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

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