Zerodha - Open Online Account

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

Jan 9, 2020 - Feb 4, 2020

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 OpenJan 9, 2020 - Feb 4, 2020
Security NameMuthoot Fincorp Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 250.00 Crores
Issue Size (Shelf)Rs 480.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingBWR A+ /Stable, CRISIL A/Stable
Tenor400 days/ 24 months/ 38 months/ 60 months
Series

Series I to Series XI

Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 1 (QIB)5%
Category 2 (NII)10%
Category 3 (HNI)85%
Category 4 (RII)0%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1 (QIB)125,000
Category 2 (NII)250,000
Category 3 (HNI)2,125,000
Category 4 (RII)0
Total NCD's2,500,000

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 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 ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,102 ₹1,202 ₹1,348 ₹1,611

NCD Rating Detail

The NCDs proposed to be issued under this Issue have been rated "A (Stable)" for an amount of ₹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 ₹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 Rating

27
4.1
Rating:Rated 4.1 stars

Vote Here ...

Muthoot Fincorp NCD Jan 2020 Reviews

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)

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...


8 Comments

Regulagedda Ambica Prasad
8. Regulagedda Ambica Prasad  Jan 10, 2020 12:14 I Like It. | I Don't Like It. | Report Abuse Reply
Not available with ICICI Direct.com
GOGOps
7. GOGOps  Jan 12, 2020 19:02 I Like It. | I Don't Like It. | Report Abuse Reply
Muthoot Fincorp Limited NCD debentures are having 0% RII category. Can a retail investor apply for this?
Rishabh Kothari
7.1. Rishabh Kothari  Jan 13, 2020 12:04 I Like It. | I Don't Like It. | Report Abuse
Yes they can
Regulagedda Ambica Prasad
6. Regulagedda Ambica Prasad  Jan 10, 2020 18:12 I Like It. | I Don't Like It. | Report Abuse Reply
No quota for retail investors
IPO INFORMAR
5. IPO INFORMAR  Oct 4, 2019 10:25 I Like It. | I Don't Like It. | Report Abuse Reply
I have seen literature with my broker but no date and interest rate ,soon may come
retailinvestor
4. retailinvestor  Oct 4, 2019 10:06 I Like It. | I Don't Like It. | Report Abuse Reply
Interest Rates, Duration and Issue Dates???
Also which one would be safer PFC or Fullerton?
ranviraaj
3. ranviraaj  Oct 3, 2019 16:55 I Like It. | I Don't Like It. | Report Abuse Reply
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...
IPO INFORMAR
2. IPO INFORMAR  Oct 1, 2019 12:38 I Like It. | I Don't Like It. | Report Abuse Reply
Worth to apply
IPO INFORMAR
1. IPO INFORMAR  Oct 1, 2019 10:20 I Like It. | I Don't Like It. | Report Abuse Reply
Any idea of date please !!!!







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App