[.]| Listing at BSE | Mon, Sep 28, 2020 - Fri, Oct 23, 2020
Muthoot Fincorp Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture , issued under a Shelf Prospectus of ₹200.00 Cr with a base issue size of ₹200.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Muthoot Fincorp Ltd. NCD issue opens on Sep 28, 2020 and closes on Oct 23, 2020. NCD are proposed to be listed on BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
The NCD has been rated: .
SMC Capitals Ltd. is the Lead Manager to the issue, is the Debenture Trustee, and Integrated Registry Management Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Mon, Sep 28, 2020
Close Date
Fri, Oct 23, 2020
Issue Size (Overall)
[.]
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | |
|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Annually | Annually | Annually | Cumulative | Cumulative | Cumulative |
| Tenor | 27 Months | 38 Months | 60 Months | 27 Months | 38 Months | 60 Months | 27 Months | 38 Months | 60 Months |
| Coupon Rate (Retail) | 8.85% | 9.00% | 9.15% | 9.25% | 9.45% | 9.60% | 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 1,221 | Rs 1,332 | Rs 1,583 |
| Particulars | For the year/period ended (Rs in Lakhs) | |
|---|---|---|
| 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 21,24,037.28 | 18,37,609.22 |
| Total Revenue | 3,75,868.09 | 3,35,376.33 |
| Profit After Tax | 25,792.81 | 37,261.16 |
Thomas John Muthoot, Thomas George Muthoot and Thomas Muthoot are the promoters of the company.
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. Currently, Company operates 3541 branches located across 20 states, including union territory of Andaman and Nicobar Islands and the national capital territory of Delhi and employed 16,025 employees including 255 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.
The following objects are proposed to be financed from the Net Proceeds:
1. Working capital purposes
2. General corporate purposes
[Dilip Davda] Coupon rates are attractive with A+ (Stable) rating amidst falling interest rate scenario. It has posted setback in bottom line for FY20 that raises concern. However, cash surplus investors looking for steady regular returns may consider moderate investment for long term. (Subscribe for long term). Read detail review...
The Muthoot Fincorp NCD Sep 2020 was subscribed 2.30 times on Oct 23, 2020 17:00. The NCD subscribed .
Muthoot Fincorp Ltd.
Muthoot Centre,
TC No 14/2074-7 Punnen Road Trivandrum - 695 039
Kerala, India
Indi, Karnataka, 695039
Integrated Registry Management Services Pvt.Ltd.
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Muthoot Fincorp Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
