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Muthoot Fincorp Limited NCD (Muthoot Fincorp NCD Jan 2020) Detail

Jan 9, 2020 - Feb 4, 2020
Muthoot Fincorp Limited Logo

Incorporated in 1997, 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 short-term liquidity requirements of the individuals.

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

  • Muthoot Blue Guide Gold loan
  • Muthoot Blue Bright Gold loan
  • Muthoot Blue Power Gold loan
  • Muthoot Blue Bigg Gold loan
  • Muthoot Blue Smart Gold loan
  • 24x7 Express Gold loan

For FY2019, FY2018 and FY2017, the revenue from the Gold loan was 82.86 %, 85.63% and 75.77% respectively of total income on a standalone basis. The company is also engaged in the generation & sale of wind energy and real estate business.

Muthoot Fincorp NCD Jan 2020 Detail

Issue Open Jan 9, 2020 - Feb 4, 2020
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 480.00 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 BWR A+ /Stable, CRISIL A/Stable
Tenor 400 days/ 24 months/ 38 months/ 60 months
Series

Series I to Series XI

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

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 5%
Category 2 10%
Category 3 85%
Category 4 0%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 125,000
Category 2 250,000
Category 3 2,125,000
Category 4 0
Total NCD's 2,500,000

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 Series 11
Frequency of Interest Payment Monthly Monthly Monthly Monthly Annually Annually Annually Cumulative Cumulative Cumulative Cumulative
Tenor 400 days 24 Months 38 Months 60 Months 24 Months 38 Months 60 Months 400 days 24 Months 38 Months 60 Months
Coupon Rate (Retail) 9.00% 9.25% 9.40% 9.50% 9.65% 9.90% 10.00% NA NA NA NA
Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,102 Rs 1,202 Rs 1,348 Rs 1,611

NCD Rating

The NCDs proposed to be issued under this Issue have been rated "A (Stable)" for an amount of Rs 50,000 lakhs by CRISIL Limited ("CRISIL") vide their letter dated October 10, 2019 and further revalidated by their letter dated December 26, 2019 and rated "BWR A +" Outlook: Stable)' for an amount of Rs 50,000 lakhs, by Brickwork Ratings India Pvt. Ltd. ("Brickworks") vide their letter dated December 12, 2019.

Company Promoters

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

Objects of the Issue

The following table details the objects of the Issue and the amount proposed to be financed from the Net Proceeds:

1. Working capital purpose and for repayment of interest and principal of existing loans
2. General corporate purposes

Muthoot Fincorp NCD Jan 2020 Prospectus

Muthoot Fincorp NCD Jan 2020 Subscription Status

The Muthoot Fincorp NCD Jan 2020 was subscribed 1.45 times on Feb 4, 2020 6:00:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 31.13x
Category 2 (NII)4.94x
Category 1 (QIB)0.00x
Total1.45x

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Muthoot Fincorp NCD Jan 2020 Rating

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Company Contact Information

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

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

Muthoot Fincorp NCD Jan 2020 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 Jan 2020 Lead Manager(s)


8 Comments

8. Regulagedda Ambica Prasad     Link|Jan 10, 2020 1:14:19 PM
Not available with ICICI Direct.com
7. GOGOps     Link|Jan 12, 2020 8:02:48 PM
Muthoot Fincorp Limited NCD debentures are having 0% RII category. Can a retail investor apply for this?
7.1. Rishabh Kothari     Link|Jan 13, 2020 1:04:38 PM
Yes they can
6. Regulagedda Ambica Prasad     Link|Jan 10, 2020 7:12:20 PM
No quota for retail investors
5. IPO INFORMAR     Link|Oct 4, 2019 11:25:25 AM
I have seen literature with my broker but no date and interest rate ,soon may come
4. retailinvestor     Link|Oct 4, 2019 11:06:17 AM
Interest Rates, Duration and Issue Dates???
Also which one would be safer PFC or Fullerton?
3. ranviraaj     Link|Oct 3, 2019 5:55:33 PM
NHAI also filed there draft paper last year , almost 1Plus year is over and no update on the dates...hope it wont go that way... willing to invest in this...
2. IPO INFORMAR     Link|Oct 1, 2019 1:38:57 PM
Worth to apply
1. IPO INFORMAR     Link|Oct 1, 2019 11:20:44 AM
Any idea of date please !!!!