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Incorporated in 1997, Muthoot Finance Limited is Kerala based gold loan NBFC company with a legacy of 800 years of the family business. The company offers Gold Loan, Housing Finance (Home Loans), Personal Loan, Insurance, Gold Coins, Money Transfer Services, Foreign Exchange, Mutual Funds, Micro Finance and Vehicle loan.
Muthoot Finance has 70 Crore+ customers including repeat customers. Muthoot Finance has a network of 5,330+ branches with 40,000+ employees.
| Issue Open | April 7, 2022 - April 29, 2022 |
| Security Name | Muthoot Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 400.00 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 | ICRA AA+/Stable |
| Tenor | 36, 60, 84 and 120 months |
| Series | Series I to VIII |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 5% |
| Non-Institutional | 5% |
| HNI | 40% |
| Retail | 50% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 50,000 |
| Non-Institutional | 50,000 |
| HNI | 400,000 |
| Retail | 500,000 |
| Total NCD's | 1,000,000 |
Coupon Rates
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Annual | Annual | Annual | Annual | NA | NA |
| Nature | Secured | |||||||
| Tenor | 36 months | 60 months | 36 months | 60 months | 84 months | 120 months | 36 months | 60 months |
| Coupon Rate (Retail) | 7.00% | 7.25% | 7.25% | 7.50% | 7.75% | 8.00% | 7.25% | 7.50% |
| Effective Yield (% per Annum) | 7.00% | 7.25% | 7.25% | 7.50% | 7.75% | 8.00% | 7.25% | 7.50% |
| Amount on Maturity | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,233.65 | Rs 1,435.63 |
The NCDs proposed to be issued under the Issue have been rated [ICRA] AA+/Stable by ICRA Limited such ratings are considered to have a stable outlook.
George Thomas Muthoot, George Jacob Muthoot and George Alexander Muthoot are the company promoters.
| Particulars | For the year/period ended (Rs in Millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 634,649.24 | 504,596.54 | 3,80,687 | ||
| Total Revenue | 105,743.59 | 87,227.91 | 68,806.30 | ||
| Profit After Tax | 37,221.78 | 30,183 | 19,721.42 | ||
The Net Proceeds raised through this Tranche I Issue will be utilised for following activities:
The Muthoot Finance April NCD 2022 was subscribed 4.20 times on April 28, 2022 1:00:00 AM. The NCD subscribed 5.65 times in Retail, 2.55 times in HNI, 4.69 times in Non-Institutional, and 2.37 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 5.65x |
| HNI | 2.55x |
| Non-Institutional | 4.69x |
| Institutional | 2.37x |
| Total | 4.20x |
10 3.8 Rating:  Vote Here ... |
Muthoot Finance Limited
2 nd Floor, Muthoot Chambers,
Opposite Saritha Theatre Complex,
Banerji Road, Kochi 682 018
Phone: (+91 484) 239 4712
Email: ncd@muthootgroup.com
Website: https://www.muthootfinance.com/
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: mfl.ncd2022@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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