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Muthoot Finance Limited NCD (Muthoot Finance NCD (May 2019)) Detail

May 10, 2019 - June 10, 2019
Muthoot Finance Limited Logo

Muthoot Finance Ltd (MFL) is the largest gold loan NBFC based on the loan portfolio in India. The company provides personal and business loans secured by gold jewellery, or Gold Loans, to individuals.

Muthoot Finance is a 'Systemically Important Non-deposit taking NBFC' headquartered in the south Indian state of Kerala. In addition to Gold Loans, it provides money transfer services through their branches as sub-agents of various registered money transfer agencies and has commenced providing collection agency services. The company also operate three windmills in the state of Tamil Nadu.

As of December 30, 2018, the company has around 8.05 million loan accounts. It has built a network of 4,422 branches across 23 states, Delhi and the 5 union territories in India. It operates 218 ATMs spread across 17 states. The company employs24,063 persons in its operations

Muthoot Finance NCD (May 2019) Detail

Issue Open May 10, 2019 - June 10, 2019
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 4,000.00 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, CRISIL AA/Stable
Tenor 24 / 38 / 60 /90 Months

Series I to Series X

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

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 10%
Category 2 10%
Category 3 30%
Category 4 50%

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 series 1 to 10

Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
Frequency of Interest Payment Monthly Monthly Monthly Annually Annually Annually NA NA NA NA
Tenor 24 months 38 months 60 months 24 months 38 months 60 months 24 months 38 months 60 months 90 months
Coupon Rate 9.25% 9.50% 9.75% 9.50% 9.75% 10.00% 9.25% 9.50% 9.75% 9.67%
Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,193.56 Rs 1,333.72 Rs 1,592.29 Rs 2,000

NCD Rating

The NCDs proposed to be issued under this Issue have been rated [ICRA] AA (Stable) by ICRA for an amount of up to Rs 40,000 million and have been rated CRISIL AA/Stable by CRISIL for an amount up to Rs 40,000 million. The rating of the NCDs by ICRA and CRISIL indicates a high degree of safety regarding timely servicing of financial obligations.

Company Promoters

The promoters of the company are:

1. M G George Muthoot,
2. George Alexander Muthoot,
3. George Thomas Muthoot,
4. George Jacob Muthoot

Objects of the Issue

The Net Proceeds raised through this Issue will be utilized for the purpose of-:

1. Lending- 75% of the amount raised and allotted in this Issue

2. General Corporate Purposes- 25% of the amount raised and allotted in this Issue


This issue is rated ICRA AA/Stable and CRISIL AA/Stable. The rating of the Secured NCDs and Unsecured NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations.


NCDs have tenure of 24 months, 38 months, 60 months and 90 months. It offers coupon rates ranging from 9.25% to 10.00% based on the tenure and the interest payment options.

Muthoot Finance NCD (May 2019) Prospectus

Muthoot Finance NCD (May 2019) Subscription Status

The Muthoot Finance NCD (May 2019) was subscribed 8.97 times on Jun 10, 2019 6:00:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 410.77x
Category 37.01x
Category 2 (NII)12.86x
Category 1 (QIB)2.00x

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Muthoot Finance NCD (May 2019) Rating

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Company Contact Information

Muthoot Finance Limited
Muthoot Chambers,
Opp Saritha Theatre Complex, 2nd Flr,
Banerji Road, Kochi 682 018

Phone: (+91 484) 239 4712

Muthoot Finance NCD (May 2019) 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

Muthoot Finance NCD (May 2019) Lead Manager(s)


2. youtosatish     Link|Aug 2, 2019 7:11:23 PM
Have took this NCD with a monthly interest payment option. Interest was due on August 1st but have not received the payment. Does anybody who applied are getting the interest payment regularly? please post here. Thanks
1. youtosatish     Link|Aug 2, 2019 7:07:52 PM
I have applied for this NCD and interest was due on 1st August. Did anybody who applied or monthly interest got the money? Please post as I have not received the amount

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