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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 jewellery. The gold loan product is available for personal and business purposes to meet the short-term liquidity requirements of individuals.
The Gold loan portfolio of the Company as of September 30, 2022, comprised approximately 33.23 lakhs loan accounts.
As of September 30, 2022, our Company operated out of 3,629 branches located across 25 states, including the union territory of Andaman and Nicobar Islands and the national capital territory of Delhi and employed 16,264 employees including 148 contracted experts in its operations.
Some of the Gold Loan products offered by the company are:
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:
| Issue Open | January 2, 2023 - January 27, 2023 |
| Security Name | Muthoot Fincorp Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 200.00 Crores |
| Issue Size (Shelf) | Rs 200.00 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 AA-/Stable by CRISIL Ratings Limited |
| Tenor | 27, 38, 48 and 60 Months |
| Series | Series I to VIII |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vardhman Trusteeship Private Limited |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 5% |
| Non-Institutional | 35% |
| Retail | 60% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 100,000 |
| Non-Institutional | 700,000 |
| Retail | 1,200,000 |
| Category 4 | 0 |
| Total NCD's | 2,000,000 |
Muthoot Fincorp Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Annual | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 27 months | 38 months | 48 months | 60 months | 48 months | 60 months | 27 months | 38 months |
| Coupon Rate (Retail) | 8.10% | 8.25% | 8.40% | 8.50% | 8.70% | 8.80% | NA | NA |
| Effective Yield (% per Annum) | 8.40% | 8.56% | 8.72% | 8.83% | 8.69% | 8.79% | 8.41% | 8.57% |
| Amount on Maturity | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,199.00 | Rs 1,297.00 |
The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.
Mr. Thomas John Muthoot, Mr. Thomas George Muthoot and Mr. Thomas Muthoot are the company promoters.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 21241.81 | 3765.99 | 257.93 | 2653.03 |
| 31-Mar-21 | 26284.54 | 4101.19 | 397.28 | 3034.7 |
| 31-Mar-22 | 28422.34 | 4355.13 | 412.55 | 3731.16 |
| Amount in ₹ Crore | ||||
The company proposes to utilise the funds which are being raised through the Issue:
1. For the purpose of Working Capital-- 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
The Muthoot Fincorp NCD December 2022 was subscribed 1.76 times on January 27, 2023 1:00:00 AM. The NCD subscribed 2.38 times in Retail, 0.96 times in Non-Institutional, and 0.01 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.38x |
| Non-Institutional | 0.96x |
| Institutional | 0.01x |
| Total | 1.76x |
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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/
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: https://www.integratedindia.in/corporate-container.aspx?cpi
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