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

Sep 28, 2020 - Oct 23, 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. 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.

Muthoot Fincorp NCD Sep 2020 Detail

Issue OpenSep 28, 2020 - Oct 23, 2020
Security NameMuthoot Fincorp Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 200.00 Crores
Issue Size (Shelf)Rs 200.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingCRISIL A/ Stable
Tenor27 months/ 38 months/ 60 months
Series

Series I to Series IX

Payment FrequencyMonthly, Yearly or 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)0%
Category 2 (NII)0%
Category 3 (HNI)0%
Category 4 (RII)0%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1 (QIB)100,000
Category 2 (NII)800,000
Category 3 (HNI)1,100,000
Category 4 (RII)0
Total NCD's2,000,000

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
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 ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,221 ₹1,332 ₹1,583

NCD Rating Detail

This offer is rated as "CRISIL/A" Stable by CRISIL. This rating indicates that 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

Thomas John Muthoot, Thomas George Muthoot and Thomas Muthoot are the promoters of the company.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ 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

Objects of the Issue:

The following objects are proposed to be financed from the Net Proceeds:

1. Working capital purposes
2. General corporate purposes

Muthoot Fincorp NCD Sep 2020 Prospectus

Muthoot Fincorp NCD Sep 2020 Rating

34
3.6
Rating:Rated 3.6 stars

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Muthoot Fincorp NCD Sep 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 Sep 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: sureshbabu@integratedindia.in
Website: http://www.integratedindia.in/

Muthoot Fincorp NCD Sep 2020 Lead Manager(s)

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9 Comments

Santosh Vaidya
9. Santosh Vaidya  Oct 19, 2020 11:51 I Like It. | Report Abuse Reply
Please guide me to apply Muthoot NCD through ICICI direct or ICICI bank. Thanks in advance
Vimal Garodia
8. Vimal Garodia  Oct 13, 2020 19:27 I Like It. | Report Abuse Reply
Thinking of withdrawing application...
rajat singh
8.1. rajat singh  Oct 16, 2020 12:50 I Like It. | Report Abuse
WHY YOU THINKING THAT VIMAL BHAI?
rajat singh
7. rajat singh  Sep 28, 2020 09:32 I Like It. | Report Abuse Reply
I TRIED TO CONTACT AT +91 471 491 1550 BUT THEY NOT HELPING ME TO APLLY THIER NCD.

I THINK THEY NEED TO CHANGE THIER ATTITUDE. AND HELP CUSTOMERS.

I CANT SEE THIS NCD IN HDFC SECURITIES
KARTHIKEYAN SOMASUNDARAM
7.1. KARTHIKEYAN SOMASUNDARAM  Sep 28, 2020 17:43 I Like It. 1 | Report Abuse
Go to the nearest branch. This NCD has high demand due to its rating and attractive interest rates. Will get fully subscribed in 5 days.
aaditya agarwal
7.2. aaditya agarwal  Oct 6, 2020 23:28 I Like It. 1 | Report Abuse
Hello,
you can apply only through bank ASBA. Go to any banks online page where you have account. Log in and search for ASBA option. All NCDs are these days ASBA only. Also you won't get them on mobile banking app. You have to log in on web page. I tried for muttootu mini NCD for many days. Finaly found them on banks website ASBA.

Regards
shareshapes
6. shareshapes  Oct 5, 2020 20:25 I Like It. | Report Abuse Reply
Is it good to apply?
Can sell immediately?
Will I get premium on listing? How much?
shareshapes
5. shareshapes  Oct 5, 2020 20:20 I Like It. | Report Abuse Reply
Is it good to apply?
Cannot sell immediately?
Will I get premium on listing? How much?
Iposplmst
4. Iposplmst  Oct 5, 2020 10:25 I Like It. | Report Abuse Reply
Admin - can we have Subscription Details (Live Status) for all NCD's? Also detail description on allotment process.
KARTHIKEYAN SOMASUNDARAM
4.2. KARTHIKEYAN SOMASUNDARAM  Oct 5, 2020 17:22 I Like It. 1 | Report Abuse
Nothing harm in applying. Has 200Cr Base, 200Cr Shelf, Total 400Cr. Might get chance to subscribe. Go for it.
V
4.3. V  Oct 5, 2020 20:07 I Like It. | Report Abuse
How come now it is 1.21 times over subscribed? I think BSE must have made some mistake in typing. Total 241 cr received, still 159 cr available. So apply.
MahadevKikripa
3. MahadevKikripa  Sep 30, 2020 11:44 I Like It. | Report Abuse Reply
How to apply in this NCD?
KARTHIKEYAN SOMASUNDARAM
3.1. KARTHIKEYAN SOMASUNDARAM  Sep 30, 2020 21:30 I Like It. 1 | Report Abuse
I did by approaching the branch.
BSENSE
2. BSENSE  Sep 28, 2020 18:00 I Like It. | Report Abuse Reply
NCD not seen in axis as well as icici direct,then how to apply
V
2.1. V  Sep 29, 2020 10:53 I Like It. | Report Abuse
YES Bank allows (not YES 3 in 1, simple online banking).
KARTHIKEYAN SOMASUNDARAM
2.2. KARTHIKEYAN SOMASUNDARAM  Sep 29, 2020 17:39 I Like It. 1 | Report Abuse
Best option. Go to the nearest branch. This NCD has high demand due to its rating and attractive interest rates. Will get fully subscribed in 5 days.
Vimal Garodia
1. Vimal Garodia  Sep 28, 2020 09:20 I Like It. | Report Abuse Reply
Shall i subscribe to this NCD offer for bare minimum 10 NCDs?
rajat singh
10.1. rajat singh  Sep 28, 2020 10:51 I Like It. | Report Abuse
COMPANY SEEMS STABLE
KARTHIKEYAN SOMASUNDARAM
10.2. KARTHIKEYAN SOMASUNDARAM  Sep 29, 2020 02:34 I Like It. 1 | Report Abuse
Yes, Gold related finance business. Gold is always King.








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