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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.
| Issue Open | November 28, 2022 - December 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 Trustee/s | Idbi Trusteeship Services Ltd. |
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) | 7.85%% | 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 | |
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 the following activities:
The Muthoot Finance Limited Tranche IV NCD Nov 2022 was subscribed 2.44 times on December 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) |
|---|---|
| Retail | 4.11x |
| HNI | 0.89x |
| Non-Institutional | 0.58x |
| Institutional | 0.00x |
| Total | 2.44x |
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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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