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

Sep 28, 2020 - Oct 23, 2020
Muthoot Fincorp Limited Logo

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 Open Sep 28, 2020 - Oct 23, 2020
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
Tenor 27 months/ 38 months/ 60 months
Series

Series I to Series IX

Payment Frequency Monthly, Yearly or Cumulative
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%
Category 4 0%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 100,000
Category 2 800,000
Category 3 1,100,000
Category 4 0
Total NCD's 2,000,000

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 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

NCD Rating

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 (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

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 Subscription Status

The Muthoot Fincorp NCD Sep 2020 was subscribed 2.30 times on Oct 23, 2020 5:00:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 33.37x
Category 2 (NII)1.12x
Category 1 (QIB)0.00x
Total2.30x

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Muthoot Fincorp NCD Sep 2020 Rating

40
3.8
Rating:Rated 3.8 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)


12 Comments

12. BSENSE     Link|Nov 4, 2020 7:54:20 PM
No allotment why??Applied on 3rd day of opening.
12.1. Vimal Garodia     Link|Nov 5, 2020 11:11:40 AM
Allotment was done on 28th-29th, just check with the registrar..
11. Vimal Garodia   I Like It. 1|  Link|Oct 30, 2020 11:25:45 AM
Strange thing, i got NCD's in my Demat account and still money is not debited!! Still marked as lien!!
11.4. KARTHIKEYAN SOMASUNDARAM     Link|Nov 3, 2020 2:09:33 AM
UCO Bank
11.5. Vimal Garodia     Link|Nov 3, 2020 4:46:46 PM
Money got debited today!!
10. BSENSE     Link|Nov 3, 2020 3:48:51 PM
Allotment when??
9. rajat singh     Link|Sep 28, 2020 10:32:11 AM
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
9.2. aaditya agarwal   I Like It. 1|  Link|Oct 7, 2020 12:28:29 AM
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
9.3. bcskal     Link|Oct 25, 2020 4:29:56 PM
For applying in NCDs, I think only the ONLINESBI.COM has a provision for the same. It is very simple to apply through ONLINESBI.COM. But you should have an a/c with any branch of SBI, but your demat a/c can be elsewhere also.
If any other bank is offering the option for applying for NCD, people can kindly inform me. Thanks.
8. Santosh Vaidya     Link|Oct 19, 2020 12:51:11 PM
Please guide me to apply Muthoot NCD through ICICI direct or ICICI bank. Thanks in advance
7. Vimal Garodia     Link|Oct 13, 2020 8:27:33 PM
Thinking of withdrawing application...
7.1. rajat singh     Link|Oct 16, 2020 1:50:24 PM
WHY YOU THINKING THAT VIMAL BHAI?
6. shareshapes     Link|Oct 5, 2020 9:25:53 PM
Is it good to apply?
Can sell immediately?
Will I get premium on listing? How much?
5. shareshapes     Link|Oct 5, 2020 9:20:36 PM
Is it good to apply?
Cannot sell immediately?
Will I get premium on listing? How much?
4. Iposplmst     Link|Oct 5, 2020 11:25:10 AM
Admin - can we have Subscription Details (Live Status) for all NCD's? Also detail description on allotment process.
4.2. KARTHIKEYAN SOMASUNDARAM   I Like It. 1|  Link|Oct 5, 2020 6:22:13 PM
Nothing harm in applying. Has 200Cr Base, 200Cr Shelf, Total 400Cr. Might get chance to subscribe. Go for it.
4.3. V     Link|Oct 5, 2020 9:07:47 PM
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.
3. MahadevKikripa     Link|Sep 30, 2020 12:44:34 PM
How to apply in this NCD?
3.1. KARTHIKEYAN SOMASUNDARAM   I Like It. 1|  Link|Sep 30, 2020 10:30:58 PM
I did by approaching the branch.
2. BSENSE     Link|Sep 28, 2020 7:00:59 PM
NCD not seen in axis as well as icici direct,then how to apply
2.1. V     Link|Sep 29, 2020 11:53:47 AM
YES Bank allows (not YES 3 in 1, simple online banking).
2.2. KARTHIKEYAN SOMASUNDARAM   I Like It. 1|  Link|Sep 29, 2020 6:39:38 PM
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.
1. Vimal Garodia     Link|Sep 28, 2020 10:20:03 AM
Shall i subscribe to this NCD offer for bare minimum 10 NCDs?
1.1. rajat singh     Link|Sep 28, 2020 11:51:48 AM
COMPANY SEEMS STABLE
1.2. KARTHIKEYAN SOMASUNDARAM   I Like It. 1|  Link|Sep 29, 2020 3:34:30 AM
Yes, Gold related finance business. Gold is always King.