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Muthoot Fincorp Limited NCD (Muthoot Fincorp NCD September 2021) Detail

Sep 30, 2021 - Oct 26, 2021
Muthoot Fincorp Limited Logo

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:

  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 September 2021 Detail

Issue Open Sep 30, 2021 - Oct 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

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ? NCD's Allocated
Institutional 5%
Non-Institutional 40%
Retail 55%
Category 4 0%

NCD's Offered

NCD's offered in each investor category:

Category ? NCD's Reserved
Institutional 100,000
Non-Institutional 800,000
Retail 1,100,000
Category 4 0
Total NCD's 2,000,000

Coupon Rates

Coupon Rates for Each Series

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

NCD Rating Detail

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.

Company Promoters:

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

Company Financials

Summary of Consolidated financial Information
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

Objects of the Issue:

The company proposes to utilise the funds which are being raised through the Issue

  1. 75% of the amount raised will be used for the purpose of Working Capital; and
  2. 25% of the amount raised will be used for General Corporate Purposes

Muthoot Fincorp NCD September 2021 Prospectus

Muthoot Fincorp NCD September 2021 Rating

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2.9
Rating:Rated 2.9 stars
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Muthoot Fincorp NCD September 2021 Reviews

Company Contact Information

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/

Muthoot Fincorp NCD September 2021 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: mfinipo@integratedindia.in
Website: http://www.integratedindia.in/

Muthoot Fincorp NCD September 2021 Lead Manager(s)


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