Muthoot Finance Limited NCD (Muthoot Finance Limited Tranche III NCD) Detail

Apr 8, 2021 - Apr 12, 2021
Muthoot Finance Limited Logo

Incorporated in 1997, Muthoot Finance Limited is Kerala based gold loan NBFC company with the legacy of 800 years of family business. Company is the largest gold loan company in India in terms of loan portfolio as of March 31, 2020.

Muthoot Finance has 70 Crore+ customers including repeat customers. Muthoot Finance has a network of 5,330+ branches as of December 31, 2020 with 40,000+ employees.

Services offered by Muthoot Finance Limited

  1. Gold Loan (Largest gold loan portfolio in India)
  2. Housing Finance (Home Loans)
  3. Personal Loan
  4. Insurance
  5. Gold Coin
  6. Money Transfer
  7. Foreign Exchnage
  8. NCD
  9. Mutual Funds
  10. Micro Finance
  11. Vehicle Loan

Muthoot Finance Limited Tranche III NCD Detail

Issue Open Apr 8, 2021 - Apr 12, 2021
Security Name Muthoot Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Shelf) Rs 1,600.00 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 The NCDs have been rated ‘[ICRA] AA+/ “Stable” by ICRA and “CRISIL AA+/Stable” by CRISIL
Payment Frequency
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%
Category 4 0%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 100,000
Category 2 100,000
Category 3 300,000
Category 4 500,000
Total NCD's 1,000,000

Coupon Rates for Eash Series

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment Monthly Monthly Annually Annually Annually Annually NA NA
Tenor 38 months 60 months 26 months 38 months 60 months 120 months 38 months 60 months
Coupon Rate 6.85% 7.35% 6.60% 7.10% 7.60% 8.00% NA NA
Amount on Maturity (Retail) Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,252.26 Rs 1,459.15

Company Promoters

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

Objects of the Issue

The Net Proceeds raised through the Tranche III Issue will be utilised for following activities 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 III NCD Prospectus

Muthoot Finance Limited Tranche III NCD Subscription Status

The Muthoot Finance Limited Tranche III NCD was subscribed 24.77 times on Apr 12, 2021 5:00:00 AM. The NCD subscribed .

Category ?Subscription (times)
Category 44.51x
Category 362.22x
Category 2 (NII)21.44x
Category 1 (QIB)17.05x

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Company Contact Information

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

Phone: +91 484 6690255
Email: cs@muthootgroup.com
Website: https://www.muthootfinance.com

Muthoot Finance Limited Tranche III NCD 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
Email: mfl.ncd2020@linkintime.co.in
Website: https://linkintime.co.in/


1. Newrookie     Link|Apr 9, 2021 2:03:50 PM
What is the Allotment date?
1.1. Jaspreet Singh Oberoi     Link|Apr 20, 2021 5:01:09 PM
Money debited. You can check on linktime for allocation as well