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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 jewellery.
The gold loan product is available for personal and business purposes to meet short-term liquidity requirements of the individuals. Currently, Company operates 3,659 branches located across 24 states, including union territory of Andaman and Nicobar Islands and the national capital territory of Delhi and employed 16,855 employees 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 | September 30, 2021 - October 26, 2021 |
| Security Name | Muthoot Fincorp Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured 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 | ‘"CRISILA+/Stable" by CRISIL Ratings |
| Tenor | 27, 38, 60, 72, and 87 Months |
| Series | Series I to Series X |
| Payment Frequency | Monthly and Cumulative |
| 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 |
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 |
|---|---|---|---|---|---|---|---|---|---|
| Type of Instrument | Secured NCDs | Unsecured NCDs | Secured NCDs | Unsecured NCDs | |||||
| Tenor | 27 Months | 38 Months | 60 Months | 72 Months | 87 Months | 27 Months | 38 Months | 60 Months | 87 Months |
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Monthly | Cumulative | Cumulative | Cumulative | Cumulative |
| Coupon Rate % Per Annum | 8.25% | 8.50% | 8.75% | 9.50% | 9.75% | NA | NA | NA | NA |
| Effective Yield (%) | 8.57% | 8.84% | 9.10% | 9.92% | 10.20% | 8.58% | 8.83% | 9.10% | 10.19% |
| Amount on Maturity | Rs.1,000.00 | Rs.1,000.00 | Rs.1,000.00 | Rs.1000.00 | Rs.1,000.00 | Rs.1,203.00 | Rs.1,307.00 | Rs.1,546.00 | Rs.2,022.00 |
The issue has been rated “CRISILA+/Stable” by CRISIL Ratings Limited 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.
Thomas John Muthoot, Thomas George Muthoot and Thomas Muthoot are the promoters of the company.
| 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 September 2021 was subscribed 2.59 times on October 26, 2021 5:00:00 AM. The NCD subscribed 3.68 times in Retail, 1.41 times in Non-Institutional, and 0.05 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 3.68x |
| Non-Institutional | 1.41x |
| Institutional | 0.05x |
| Total | 2.59x |
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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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