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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:
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.
| 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 |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 5% |
| Category 2 | 10% |
| Category 3 | 85% |
| Category 4 | 0% |
| 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 |
| 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 |
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.
Thomas John Muthoot, Thomas George Muthoot and Thomas Muthoot are the promoters of the company.
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
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 3 | 1.13x |
| Category 2 (NII) | 4.94x |
| Category 1 (QIB) | 0.00x |
| Total | 1.45x |
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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/
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/
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