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Incorporated in 1997, Muthoot Finance Limited is Kerala based gold loan NBFC company with a legacy of 800 years of the family business. The company offers Gold Loan, Housing Finance (Home Loans), Personal Loan, Insurance, Gold Coins, Money Transfer Services, Foreign Exchange, Mutual Funds, Micro Finance and Vehicle loan.
Muthoot Finance Gold Loan portfolio as of June 30, 2022 comprised approximately 8.09 million loan accounts in India that we serviced through 4,617 branches across 22 states, the national capital territory of Delhi and six union territories in India. As of June 30, 2022 the company has employed 26,618 persons in our operations.
| Issue Open | October 6, 2022 - October 28, 2022 |
| 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 225.00 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 |
| Tenor | 36, 24 and 60 months |
| Series | Series I to VII |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 5% |
| Non-Institutional | 5% |
| HNI | 40% |
| Retail | 50% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 37,500 |
| Non-Institutional | 37,500 |
| HNI | 300,000 |
| Retail | 375,000 |
| Total NCD's | 750,000 |
Coupon Rates
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | ||
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Annual | Annual | Annual | NA | NA | |
| Nature | Secured | |||||||
| Tenor | 36 months | 60 months | 24 months | 36 months | 60 months | 36 months | 60 months | |
| Coupon Rate (Retail) | 7.00% | 7.25% | 7.00% | 7.25% | 7.50% | NA | NA | |
| Effective Yield (% per Annum) | 7.50% | 7.75% | 7.50% | 7.75% | 8.00% | 7.75% | 8.00% | |
| Amount on Maturity | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,250.98 | Rs 1,469.33 | |
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.
George Thomas Muthoot, George Jacob Muthoot and George Alexander Muthoot are the company promoters.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 54881.69 | 9707.27 | 3168.68 | 11829.21 |
| 31-Mar-21 | 68641.44 | 11566.42 | 3818.87 | 15575.02 |
| 31-Mar-22 | 76316.47 | 12237.46 | 4031.32 | 18785.72 |
| Amount in ₹ Crore | ||||
The Net Proceeds raised through this Tranche I Issue will be utilised for following activities:
The Muthoot Finance Limited Tranche III NCD Oct 2022 was subscribed 4.06 times on October 28, 2022 5:00:00 AM. The NCD subscribed 6.38 times in Retail, 2.03 times in HNI, 1.05 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 6.38x |
| HNI | 2.03x |
| Non-Institutional | 1.05x |
| Institutional | 0.00x |
| Total | 4.06x |
7 3.1 Rating:  Vote Here ... |
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
Website: https://www.muthootfinance.com/
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
Website: https://linkintime.co.in/initial_offer/public-issues.html
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1% ka farak hai but sovereign guarantee hai.
Interest rate offered is low.