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Muthoot Fincorp Limited NCD (Muthoot Fincorp NCD August 2022) Detail

Aug 5, 2022 - Sep 1, 2022
Muthoot Fincorp Limited Logo

Muthoot Fincorp Limited is a non-deposit taking NBFC. The company is primarily engaged in the business of offering personal and business loans which are secured by gold ornaments and jewelry. The gold loan product is available for personal and business purposes to meet short-term liquidity requirements of the individuals. As of September 30, 2021, the Gold loan portfolio of the company is comprised of approximately 36.18 lakhs loan accounts.

Currently, Company operates through 3,658 branches located across 24 states in India. The company employs 17,013 people including 233 contracted experts in its operations.

Some of the Gold Loan products offered by the company are:

  1. Muthoot Blue Guide Gold loan
  2. Muthoot Blue Bright Gold loan
  3. Muthoot Blue Power Gold loan
  4. Muthoot Blue Bigg Gold loan
  5. Muthoot Blue Smart Gold loan
  6. 24x7 Express Gold loan

In addition to the Gold loan business, the Company provides foreign exchange conversion and money transfer services as sub-agents of various registered money transfer agencies. Muthoot Fincorp is also engaged in the following business:

  1. Generation and sale of wind energy through its wind farms located in Tamil Nadu; and
  2. Real estate business through joint venture developers of the company-owned land parcels.

Muthoot Fincorp NCD August 2022 Detail

Issue Open Aug 5, 2022 - Sep 1, 2022
Security Name Muthoot Fincorp Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 250.00 Crores
Issue Size (Shelf) Rs 250.00 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 CRISIL A+/Stable by CRISIL Ratings Limited
Tenor 27, 38, 48 and 96 Months
Series

Series I to Series VII

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

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 5%
Non-Institutional 35%
Retail 60%
Category 4 0%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 125,000
Non-Institutional 875,000
Retail 1,500,000
Category 4 0
Total NCD's 2,500,000

Coupon Rates

Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7
Frequency of Interest Payment Monthly Monthly Monthly Cumulative Cumulative Cumulative Cumulative
Nature Secured
Tenor 27 months 38 months 48 months 27 months 38 months 48 months 96 months
Coupon Rate (Retail) 8.00% 8.25% 8.35% NA NA NA NA
Effective Yield (% per Annum) 8.29% 8.56% 8.67% 8.29% 8.56% 8.66% 9.09%
Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,196 Rs 1,297 Rs 1,395 Rs 2,007

NCD Rating

The issue has been rated "CRISIL A+/Stable" by CRISIL. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.

Company Promoters

Mr. Thomas John Muthoot, Mr. Thomas George Muthoot and Mr. Thomas Muthoot are the company promoters.

Company Financials

Muthoot Fincorp Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-2021241.813765.99257.932653.03
31-Mar-2126284.544101.19397.283034.7
31-Mar-2228422.344355.13412.553731.16
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the funds which are being raised through the Issue

  1. 75% of the amount raised will be used for the purpose of Working Capital; and
  2. 25% of the amount raised will be used for General Corporate Purposes

Muthoot Fincorp NCD August 2022 Prospectus

Muthoot Fincorp NCD August 2022 Subscription Status

The Muthoot Fincorp NCD August 2022 is subscribed 1.47x times on Aug 19, 2022 2:28:00 AM. The ncd subscribed 1.96x times in the retail category, 0.00x times in the QIB category, and 0.84x times in the NII category.

Category ?Subscription (times)
Institutional0.00x
Non-Institutional0.84x
Retail1.96x
Total1.47x

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Muthoot Fincorp NCD August 2022 Rating

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Muthoot Fincorp NCD August 2022 Reviews

Company Contact Information

Muthoot Fincorp Limited
Muthoot Centre,
TC No 14/2074-7 Punnen Road,
Trivandrum – 695 039, Kerala

Phone: +91 471 491 1550
Email: cs@muthootfincorp.com
Website: https://www.muthootfincorp.com/

Muthoot Fincorp NCD August 2022 Registrar

Integrated Registry Management Services Private Limited
   2 nd Floor,
   Ramakrishna Street, North Usman Road,
   T. Nagar, Chennai - 600 017

Phone: + 91 44 2814 0801 to 803
Email: mfinipo@integratedindia.in
Website: http://www.integratedindia.in/

Muthoot Fincorp NCD August 2022 Lead Manager(s)


5 Comments

5. KB   I Like It. | Report Abuse |   Link | Aug 13, 2022 5:10:43 PM Reply
In bank ASBA (AXIS BANK), last 2 options i.e. Doubling and 1 more is not available
4. Vansh Patel   I Like It. | Report Abuse |   Link | Aug 13, 2022 10:59:26 AM Reply
Why This NCD is getting So Cold Response. Any Idea anyone?
Its been 5 trading days and subscriptions comming very less.
3. Mukesh Garg   I Like It. | Report Abuse |   Link | Aug 5, 2022 12:32:18 PM Reply
What is the tax treatment on these NCD. Amount invested for 38 months in cumulative option i.e. Zero coupon bonds whether it is LTCG taxable @10 % without indexation under section 112(1) of IT act.
3.1. Gagandeep singh   I Like It. | Report Abuse |   Link | Aug 5, 2022 3:31:20 PM
No tax free bond
3.2. Subodh   I Like It. | Report Abuse |   Link | Aug 9, 2022 12:29:56 PM
Interest amount to be added to your taxable income as Income from Other Sources.
2. Subhash   I Like It. | Report Abuse |   Link | Aug 8, 2022 8:51:29 PM Reply
Can we download application online

1. Vansh Patel   I Like It. | Report Abuse |   Link | Aug 6, 2022 5:46:45 PM Reply
From which Website This bond can be purhcased?
on goldenpie its not available.
1.1. Vignesh   I Like It. | Report Abuse |   Link | Aug 7, 2022 10:22:48 AM
Please apply through your bank ASBA