Muthoot Fincorp NCD April 2023

Muthoot Fincorp NCD April 2023 opens for subscription from 12 April 2023. the company aims for a base issue size of ₹150 Crores.

Muthoot Fincorp Limited

The company is a non-deposit-taking, systemically important NBFC that has emerged as a prominent gold loan player. From FY 2016 to FY 2022, Muthoot Fincorp had shown a significant increase in its Gold Loan Portfolio at a compound annual growth rate of around 15%.

The personal and business loans secured by gold jewelry and ornaments offered by the company are structured to serve the business and personal purposes of individuals who do not have ready or timely access to formal credit or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

The Gold loan portfolio of the company as of 31 December 2022 comprised approximately 32.89 lakhs of loan accounts. As of 31 December 2022, the company operated out of 3,627 branches located across 24 states, including the union territory of Andaman and Nicobar Islands and the national capital territory of Delhi, and employed 15,079 employees including 168 contracted experts in its operations. The company has been engaged in the Gold loans business for over two decades and is headquartered in Kerala, India.

Objectives of the Issue

  • 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 NCD April 2023 Details

Issue OpenApr 12, 2023 – Apr 26, 2023
Security NameMuthoot Fincorp Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 150.00 Crores
Issue Size (Shelf)Rs 300.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingCRISIL AA-/Stable by CRISIL Ratings Limited
Tenor27, 42, 60 and 84 Months
SeriesSeries I to VIII
Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis

Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 127 monthsCumulativeNA8.71%₹ 1,207
Series 227 monthsMonthly8.40%8.71%₹ 1,000
Series 342 monthsCumulativeNA9.0%₹ 1,353
Series 460 monthsMonthly8.80%9.15%₹ 1,000
Series 560 monthsAnnual9.15%9.15%₹ 1,000
Series 684 monthsMonthly9.0%9.37%₹ 1,000
Series 784 monthsCumulativeNA9.37%₹ 1,873

NCD Rating

The company has received a rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Amount in ₹ Crore)

NCD Allocation Ratio

Category NCD’s Allocated
Category 40%

Company Promoters

  • Thomas John Muthoot
  • Thomas George Muthoot
  • Thomas Muthoot

NCD Lead Manager

A-401/402, Lotus Corporate Park,
Off Western Express Highway,
Jai Coach Signal, Goregaon (East),
Mumbai – 400063, Maharashtra
Phone: +91 22 6648 1818

Muthoot Fincorp NCD Registrar

II Floor, Kences Towers, No. 1 Ramakrishna Street
North Usman Road, T. Nagar
Chennai 600 017, Tamil Nadu
Phone: +91 44 28140801,802,803

Company Contact Details

Muthoot Centre, Near Spencer Junction,
M.G. Road, Trivandrum 695 001, Kerala
Phone: +91 471 491 1550

Muthoot Fincorp NCD April 2023 Allotment Status

Muthoot Fincorp NCD April 2023 allotment status will be updated on the website of Integrated Registry Management Services. Click on this link to get allotment status.

Final Thoughts

Non-Convertible Debentures (NCD) are a better investment option for those who are looking for a diversified portfolio. investing in Muthoot Fincorp NCD April 2023 is purely your personal choice. make a good study and analysis before you make the investment.

Happy Investing

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