Muthoot Finance NCD-Tranche V-Feb 2023

Muthoot Finance NCD will open for subscription from 08 February 2023. the company aims for a base issue size of ₹500 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.

Objectives of the Issue

  • For the purpose of lending – a minimum of 75% of the amount raised and allotted in the Issue,
  • For General Corporate Purposes – shall not exceed 25% of the amount raised and allotted in the Issue.

Muthoot Finance Limited Tranche V NCD Feb 2023 Details

Issue OpenFeb 8, 2023 – Mar 3, 2023
Security NameMuthoot Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 500.00 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 RatingAA+/Stable by ICRA.
Tenor25, 37 and 61 months
SeriesSeries I to VII
Payment FrequencyMonthly and Annually
Basis of AllotmentFirst Come First Serve Basis
Debenture TrusteesIDBI TRUSTEESHIP SERVICES LTD.

Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 137 monthsMonthly7.75%8.25%INR 1,000
Series 261 monthsMonthly7.85%8.35%INR 1,000
Series 325 monthsAnnual7.75%8.25%INR 1,000
Series 437 monthsAnnual8.00%8.50%INR 1,000
Series 561 monthsAnnual8.10%8.60%INR 1,000
Series 637 monthsCumulativeNA8.50%INR 1,286.34
Series 761 monthsCumulativeNA8.60%INR 1,521.42

NCD Rating

The NCDs proposed to be issued under this Issue have been rated [ICRA] AA+/Stable (pronounced as ICRA Double A plus rating with stable outlook) by ICRA.

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
Institutional50,000
Non-Institutional50,000
HNI400,000
Retail500,000
Total NCD’s1,000,000

Company Promoters

  • George Thomas Muthoot
  • George Jacob Muthoot
  • George Alexander Muthoot

Muthoot Finance NCD Documents

Lead Manager(s)

A. K. CAPITAL SERVICES LIMITED
603, 6th Floor, Windsor,
Off CST Road, Kalina, Santacruz – (East),
Mumbai – 400 098, India
Phone: +91 22 6754 6500
Email: mfl.ncd2022@akgroup.co.in
Website: www.akgroup.co.in

Muthoot Finance NCD Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email:  mfl.ncd2022@linkintime.co.in
Website: www.linkintime.co.in

Muthoot Finance Contact Details

MUTHOOT FINANCE LIMITED
2nd Floor, Muthoot Chambers,
Opposite Saritha Theatre Complex,
Banerji Road, Kochi 682 018, India
Phone: +91 484 239 4712
Email: ncd@muthootgroup.com
Website: 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

Leave a Comment

Your email address will not be published. Required fields are marked *