Muthoot Finance Limited NCD (Muthoot Finance Limited Tranche V NCD Feb 2023) Detail

Feb 8, 2023 - Mar 3, 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 V NCD Feb 2023 Detail

Issue Open Feb 8, 2023 - Mar 3, 2023
Security Name Muthoot Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 500.00 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

AA+/Stable by ICRA.

Tenor 25, 37 and 61 months

Series I to VII

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

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 50,000
Non-Institutional 50,000
HNI 400,000
Retail 500,000
Total NCD's 1,000,000

Muthoot Finance Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7
Frequency of Interest PaymentMonthlyMonthlyAnnualAnnualAnnualCumulativeCumulative
Tenor37 months61 months25 months37 months61 months37 months61 months
Coupon Rate (Retail)8.25%8.35%8.25%8.50%8.60%NANA
Effective Yield (% per Annum)8.25%8.35%8.25%8.50%8.60%8.50%8.60%
Amount on MaturityRs 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.

Company Promoters

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

Company Financials

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

Objects of the Issue

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

  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 V NCD Feb 2023 Prospectus

Muthoot Finance Limited Tranche V NCD Feb 2023 Subscription Status

The Muthoot Finance Limited Tranche V NCD Feb 2023 was subscribed 3.07 times on Mar 3, 2023 5:00:00 AM. The NCD subscribed 4.63 times in Retail, 1.73 times in HNI, 1.24 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)

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Muthoot Finance Limited Tranche V NCD Feb 2023 Rating

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Company Contact Information

Muthoot Finance Limited
2nd 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 V NCD Feb 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
Email: mfl.ncd2022@linkintime.co.in
Website: https://linkintime.co.in/

Muthoot Finance Limited Tranche V NCD Feb 2023 Lead Manager(s)


4. Satinder garg   I Like It. |Report Abuse|  Link|Mar 22, 2023 11:22:55 AMReply
When is the listing of the ncd
3. M money   I Like It. |Report Abuse|  Link|Mar 2, 2023 9:55:36 PMReply
Ye fraud he , NCD ka matlab he Bina koi praman company aapka paise udhar pe Lethe or vapis ka koi guarantee nahi he. Muthoot hazaro logo ko bewakoof bena chuke or bejare log pareshan he .
Koi bhi inke gotale me fasna mat
3.1. marketguru   I Like It. |Report Abuse|  Link|Mar 3, 2023 2:10:37 AM
Budhu kahin ke
2. Saurabh Ji   I Like It. |Report Abuse|  Link|Feb 8, 2023 7:51:15 AMReply
जब स्मॉल फाइनेंस बैंक 3 साल पे 8.10% का इंटरेस्ट दे रहे हैं तो कौन NCD में इन्वेस्ट करेगा? बैंक में 500000 तो सेफ हैं, यहाँ तो 1 Rs. की भी गारंटी नहीं है
2.1. Scrip   I Like It. |Report Abuse|  Link|Feb 17, 2023 11:53:42 PM
Baat toh sahi hai 5L ka guarantee hai par PMC and Yes Bank ke time withdrawal mein limitations laga diya gaya tha. Uske upar se joh remaining balance hai uspe interest bhi nahi milega.
Yaha pe credit risk hai par agar market mein interest rate kam hota hai toh capital gains bhi hone ki sambhavana hai.
1. PraVish   I Like It. |Report Abuse|  Link|Feb 11, 2023 4:46:42 AMReply
Admin is requested to add NCD of Indore municipal corporation