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Muthoot Finance Limited NCD (Muthoot Finance Limited Tranche I NCD April 2023) Detail

April 12, 2023 - April 26, 2023
Muthoot Finance Limited Logo

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, comprising 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.

Muthoot Finance Limited Tranche I NCD April 2023 Detail

Issue Open April 12, 2023 - April 26, 2023
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 300.00 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 by ICRA Limited

Tenor 25, 37 and 61 months

Series I to VII

Payment Frequency Monthly and Annually
Basis of Allotment First Come First Serve Basis
Debenture Trustee/sIdbi Trusteeship Services Ltd.

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 5%
Non-Institutional 5%
HNI 40%
Retail 50%

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

Muthoot Finance Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7
Frequency of Interest PaymentMonthlyMonthlyAnnualAnnualAnnualNANA
Tenor37 Months61 Months25 Months37 Months61 Months37 Months61 Months
Coupon (% per Annum)7.75%7.85%7.75%8.00%8.10%NANA
Effective Yield (% per Annum)8.25%8.35%8.25%8.50%8.60%8.50%8.60%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,286.34Rs 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 Limited.

Company Promoters

George Thomas Muthoot, George Jacob Muthoot and George Alexander Muthoot are the company promoters.

Company Financials

Muthoot Finance Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
Amount in ₹ Crore

Objects of the Issue

The Company proposes to utilize the funds which are being raised through the Issue towards funding the following objects in the ratio provided as below:

  1. For the purpose of lending - minimum of 75% of the amount raised and allotted in the Issue
  2. For General Corporate Purposes - shall not exceed 25% of the amount raised and allotted in the Issue

Muthoot Finance Limited Tranche I NCD April 2023 Prospectus

Muthoot Finance Limited Tranche I NCD April 2023 Subscription Status

The Muthoot Finance Limited Tranche I NCD April 2023 was subscribed 2.80 times on April 26, 2023 1:00:00 AM. The NCD subscribed 4.19 times in Retail, 1.50 times in HNI, 2.10 times in Non-Institutional, and 0.01 times in the Institutional category.

Category ?Subscription (times)

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Muthoot Finance Limited Tranche I NCD April 2023 Rating

Rating:Rated 3.7 stars
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Muthoot Finance Limited Tranche I NCD April 2023 Reviews

Company Contact Information

Muthoot Finance Limited
2nd Floor, Muthoot Chambers,
Opposite Saritha Theatre Complex, Banerji Road,
Kochi - 682 018

Phone: (+91 484) 239 4712

Muthoot Finance Limited Tranche I NCD April 2023 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

Muthoot Finance Limited Tranche I NCD April 2023 Lead Manager(s)


2. pranita bafna     Link|May 30, 2023 1:56:26 PM
How can a retail investor invest in NCD?
Can we do that without routing through the broker?
1. sachin     Link|April 20, 2023 5:27:46 PM
the retail category substitution shows 2.89 Times and allotment is on a first comes first serve basis what are the chances of allotment if I apply today

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