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

Jan 5, 2022 - Jan 28, 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 January 2022 Detail

Issue Open Jan 5, 2022 - Jan 28, 2022
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 A+/Stable for an amount of Rs 400 crores by CRISIL
Tenor 27/38/60/72/96/ Months
Series

Series I to Series X

Payment Frequency Monthly
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 5%
Non-Institutional 40%
Retail 55%
Category 4 0%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 100,000
Non-Institutional 800,000
Retail 1,100,000
Category 4 0
Total NCD's 2,000,000

Coupon Rates for Each Series

Options Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
Nature Secured NCDs
Tenor 27 Months 38 Months 60 Months 72 Months 96 Months 27 Months 38 Months 60 Months 72 Months 96 Months
Frequency of Interest Payment Monthly Cumulative
Minimum Application Rs 10,000 (10 NCDs)
In Multiples of 1 NCD after minimum application
Face Value of NCDs (Rs /NCD) Rs 1000 (1 NCD)
Issue Price (Rs /NCD) Rs 1000 (1 NCD)
Mode of Interest Payment/Redemption Through various modes available
Coupon Rate % Per Annum 8.00% 8.25% 8.50% 8.75% 9.00% NA NA NA NA NA
Coupon Type Fixed
Redemption Amount (₹ /NCD) for Debenture Holders (%) 1000 1000 1000 1000 1000 1197 1297 1527 1687 2049
Effective Yield (%) 8.30% 8.56% 8.83% 9.10% 9.37% 8.31% 8.57% 8.83% 9.11% 9.37%
Put and Call Option NA

NCD Rating

The issue has been rated “CRISIL A+/Stable” by CRISIL for an amount of ₹ 400 crores. 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

Summary of Consolidated financial Information
Particulars For the year/period ended (Rs in Millions)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 2,62,845.42 2,124,18.10 1,83,760.92
Total Revenue 4,10,11.93 3,76,59.85 3,35,37.63
Profit After Tax 39,72.81 25,79.28 37,26.11

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 January 2022 Prospectus

Muthoot Fincorp NCD January 2022 Subscription Status

The Muthoot Fincorp NCD January 2022 was subscribed 2.39 times on Jan 28, 2022 5:00:00 AM. The NCD subscribed 3.23 times in Retail, 1.54 times in Non-Institutional, and 0.01 times in the Institutional category.

Category ?Subscription (times)
Retail3.23x
Non-Institutional1.54x
Institutional0.01x
Total2.39x

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Muthoot Fincorp NCD January 2022 Rating

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3.5
Rating:Rated 3.5 stars
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Muthoot Fincorp NCD January 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 January 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 January 2022 Lead Manager(s)


2 Comments

2. KT     Link|Mar 6, 2022 3:15:42 PM
when we will get monthly payout?
1. Aseem Paul     Link|Feb 11, 2022 3:31:26 PM
No news of allotment of NCD. Repeated queries to Tuglakabad branch of New Delhi evoked no response. Does not speak well of the company at all.......Aseem Paul