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Muthoot Finance Ltd NCD (Muthoot Finance NCD Nov 2019) Detail

Nov 29, 2019 - Dec 24, 2019

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 employs 24,063 persons in its operations.

Competitive Strengths

1. Pan India reach through wide branch network
2. Strong brand name
3. Robust working mechanism
4. Strong capital raising ability

Muthoot Finance NCD Nov 2019 Detail

Issue OpenNov 29, 2019 - Dec 24, 2019
Security NameMuthoot Finance Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs 690.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingICRA AA/ Stable, CRISIL AA/ Stable
Tenor24 months/ 38 months/ 60 months/ 90 months
Series

Series I to Series X

Payment FrequencyMonthly and Annual
Basis of AllotmentFirst Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 1 (QIB)10%
Category 2 (NII)10%
Category 3 (HNI)30%
Category 4 (RII)50%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1 (QIB)100,000
Category 2 (NII)100,000
Category 3 (HNI)300,000
Category 4 (RII)500,000
Total NCD's1,000,000

Coupon Rates

Coupon Rates for Eash Series

  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 (Retail) 9.25% 9.50% 9.75% 9.50% 9.75% 10.00% NA NA NA NA
Amount on Maturity ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,193.56 ₹1,333.72 ₹1,592.29 ₹2,000

NCD Rating Detail

The NCDs proposed to be issued under this Issue have been rated [ICRA] AA (Stable) by ICRA for an amount of upto Rs 40,000 million vide its letter dated December 31, 2018 and have been rated CRISIL AA/Stable by CRISIL for an amount upto Rs 40,000 million vide its letter dated January 18, 2019. The rating of the NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations.

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 this Issue will be utilized for the purpose of-:

1. For the purpose of lending- 75% of the amount raised and allotted in the Issue
2. For General Corporate Purposes- 25% of the amount raised and allotted in the Issue

Muthoot Finance NCD Nov 2019 Prospectus

Muthoot Finance NCD Nov 2019 Rating

17
3.8
Rating:Rated 3.8 stars

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Muthoot Finance NCD Nov 2019 Reviews

Company Contact Information

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

Phone: (+91 484) 239 4712
Email: ncd@muthootgroup.com
Website: https://www.muthootfinance.com/

Muthoot Finance NCD Nov 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
Email: mfl.ncd2019@linkintime.co.in
Website: http://www.linkintime.co.in

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2 Comments

amitshah
2. amitshah  Nov 30, 2019 11:23 Reply
STOP INVESTING IN NCD'S

Stop investing in all NCD & also stop of your friends, family and clients. They all are just for name sake secured but are totally unsecured. You all will loose your hard earn money if you invest in NCD's . Never believe in ANY credit rating agencies, regulators, audited financial results and past performance of company of company. They all are crooks. No Insurance cover of one lac in NCD as we get in FD's. Company are just making repayment of matured NCD's out of proceeds new NCD's and fooling us.
amitshah
1. amitshah  Nov 30, 2019 11:07 Reply
Stop investing in all NCD & also stop of your friends, family and clients. They all are just for name sake secured but are totally unsecured. You all will loose your hard earn money if you invest in NCD's . Never believe in credit rating agencies, regulators, audited financial results and past performance of company of company. No Insurance cover of one lac in NCD as we get in FD's. They make repayment of matured NCD out of new NCD's and fooling us.




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