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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 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:
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 5, 2022 - January 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 |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 5% |
| Non-Institutional | 40% |
| Retail | 55% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 100,000 |
| Non-Institutional | 800,000 |
| Retail | 1,100,000 |
| Category 4 | 0 |
| Total NCD's | 2,000,000 |
| 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 | |||||||||
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.
Mr. Thomas John Muthoot, Mr. Thomas George Muthoot and Mr. Thomas Muthoot are the company promoters.
| 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 | ||
The company proposes to utilise the funds which are being raised through the Issue
The Muthoot Fincorp NCD January 2022 was subscribed 2.39 times on January 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) |
|---|---|
| Retail | 3.23x |
| Non-Institutional | 1.54x |
| Institutional | 0.01x |
| Total | 2.39x |
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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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