Muthoot Fincorp NCD – Tranche IV April 2024

Muthoot Fincorp NCD opens for subscription on 10 April 2024. The company aims for a base issue size of ₹100 Crores.

About the company

The company is a non-deposit-taking, systemically important NBFC that has emerged as a prominent gold loan player. It has been engaged in the Gold loans business for over two decades and is headquartered in Kerala, India. 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 2023 comprised approximately 31.68 lakh loan accounts. As of 31 December 2023, the company operated out of 3,683 branches located across 24 states, including the union territory of Andaman and Nicobar Islands and the national capital territory of Delhi, and employed 20,645 employees including 93 contracted experts in its operations.

Objectives of the Issue

  • For 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 Fincorp NCD Details

Issue OpenApril 10, 2024 – April 25, 2024
Security NameMuthoot Fincorp Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)₹100 Crores
Issue Size (Oversubscription)₹260 Crores
Tranche Issue Size₹360 Crores
Issue Size (Shelf)₹1,100 Crores
Tranche NumberIV
Issue Price₹1000 per NCD
Face Value₹1000 for each NCD
Minimum Lot Size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingCRISIL AA-/Stable by CRISIL Ratings Limited.
Tenor26, 38, 60, 72, and 94 Months
SeriesSeries I to XIII
Payment FrequencyMonthly, Annual, and Cumulative
Basis of AllotmentFirst Come First Serve Basis
Debenture Trustee/sVardhman Trusteeship Private Limited

Muthoot Fincorp NCD Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 126 monthsMonthly8.90%9.26%₹ 1,000
Series 238 monthsMonthly9.15%9.54%₹ 1,000
Series 360 monthsMonthly9.35%9.75%₹ 1,000
Series 472 monthsMonthly9.55%9.97%₹ 1,000
Series 526 monthsAnnual9.25%9.27%₹ 1,000
Series 638 monthsAnnual9.50%9.52%₹ 1,000
Series 760 monthsAnnual9.75%9.74%₹ 1,000
Series 872 monthsAnnual10.00%10.00%₹ 1,000
Series 926 monthsCumulativeNA9.27%₹ 1,212
Series 1038 monthsCumulativeNA9.52%₹ 1,334
Series 1160 monthsCumulativeNA9.74%₹ 1,592
Series 1272 monthsCumulativeNA10.00%₹ 1,772
Series 1394 monthsCumulativeNA9.25%₹ 2,000

Muthoot Fincorp NCD Rating

The NCDs proposed to be issued under this Issue have been rated CRISIL AA-/Stable by CRISIL Ratings Limited.

Company Financials

Period Ended31 Mar 202331 Mar 2022
Profit After Tax646.42412.55
Net Worth4,257.183,731.16
Reserves and Surplus3,481.272,958.70
(Amount in ₹ Crore)

Muthoot Fincorp NCD Allocation Ratio

Category NCD’s Allocated

NCD’s Offered by Category

Category NCD’s Reserved
Category 40
Total NCD’s1,000,000

Company Promoters

  • Thomas John Muthoot
  • Thomas George Muthoot
  • Thomas Muthoot

Muthoot Fincorp 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 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 2024 Allotment Status

Muthoot Fincorp NCD April 2024 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 (NCDs) are a better investment option for those seeking a diversified portfolio. investing in Muthoot Fincorp NCD is purely your personal choice. make a good study and analysis before you make the investment decision.

Happy Investing

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