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Muthoot Finance Limited NCD (Muthoot Finance Limited Tranche IV NCD Nov 2022) Detail

Nov 28, 2022 - Dec 19, 2022
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 IV NCD Nov 2022 Detail

Issue Open Nov 28, 2022 - Dec 19, 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 3,000.00 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 24, 36 and 60 months
Series

Series I to VII

Payment Frequency Monthly and Annually
Basis of Allotment First Come First Serve Basis
Debenture TrustiesIDBI 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

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) 7.85%% 8.00% 7.75% 8.10% 8.25% NA NA
Effective Yield (% per Annum) 7.85% 8.00% 7.75% 8.10% 8.25% 8.10% 8.25%
Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,263.21 Rs 1,486.41

NCD Rating

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.

Company Promoters

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

Company Financials

Muthoot Finance Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-2054881.699707.273168.6811829.21
31-Mar-2168641.4411566.423818.8715575.02
31-Mar-2276316.4712237.464031.3218785.72
Amount in ₹ Crore

Objects of the Issue

The Net Proceeds raised through this Tranche I Issue will be utilised for the following activities:

  1. Lending purposes.
  2. General corporate purposes.

Muthoot Finance Limited Tranche IV NCD Nov 2022 Prospectus

Muthoot Finance Limited Tranche IV NCD Nov 2022 Subscription Status

The Muthoot Finance Limited Tranche IV NCD Nov 2022 was subscribed 2.44 times on Dec 19, 2022 1:00:00 AM. The NCD subscribed 4.11 times in Retail, 0.89 times in HNI, 0.58 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)
Retail4.11x
HNI0.89x
Non-Institutional0.58x
Institutional0.00x
Total2.44x

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Muthoot Finance Limited Tranche IV NCD Nov 2022 Rating

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Muthoot Finance Limited Tranche IV NCD Nov 2022 Reviews

Company Contact Information

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/

Muthoot Finance Limited Tranche IV NCD Nov 2022 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.ncd2022@linkintime.co.in
Website: https://linkintime.co.in/

Muthoot Finance Limited Tranche IV NCD Nov 2022 Lead Manager(s)


3 Comments

3. RAJESH   I Like It. |Report Abuse|  Link|Nov 30, 2022 3:57:12 PMReply
WILL IT OFFERS 0.5 % INCENTIVE
3.1. Himanish Biswas   I Like It. |Report Abuse|  Link|Dec 31, 2022 1:41:17 AM
When to get my monthly interest from tranch iv, option ii
2. yashwant panwar   I Like It. |Report Abuse|  Link|Dec 28, 2022 6:20:11 PMReply
my demat account shows discrepancy in cost value. Is it listed on BSE
1. Sandeep   I Like It. |Report Abuse|  Link|Dec 1, 2022 5:22:05 PMReply
Can we expect any listing gains here. ?