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Muthoot Finance Ltd (MFL) is the largest gold financing company in India in terms of loan portfolio. The company provides personal and business loans secured by gold jewelry, or Gold Loans, primarily to individuals who possess gold jewelry but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
Muthoot is a 'Systemically Important Non-deposit taking NBFC' headquartered Kerala. In addition to Gold Loans, the company is also engaged in money transfer services through its branches as sub-agents of various registered money transfer agencies, and have commenced providing collection agency services. It also operates three windmills in the state of Tamil Nadu.
| Issue Open | April 9, 2018 - May 8, 2018 |
| Security Name | Muthoot Finance Limited |
| Security Type | |
| Issue Size (Base) | Rs 3,000.00 Crores |
| Issue Size (Shelf) | Rs [.] Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 10 NCD |
| Listing At | BSE |
| Credit Rating | |
| Tenor | |
| Series | |
| Payment Frequency | |
| Basis of Allotment | First Come First Serve Basis |
The promoters of the company are:
1. M G George Muthoot,
2. George Alexander Muthoot,
3. George Thomas Muthoot,
4. George Jacob Muthoot
The Net Proceeds raised through this Tranche I Issue will be utilized for following activities in the ratio provided as
below:
a) For the purpose of lending- 75% of the amount raised and allotted in the Tranche I Issue
b) For General Corporate Purposes- 25% of the amount raised and allotted in the Tranche I Issue
This issue is rated ICRA AA/Stable and CRISIL AA/Stable. The rating of the Secured NCDs and Unsecured NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations.
NCDs have tenure of 400 days, 18 months, 24 months, 38 months and 60 months. It offers coupon rates ranging from 8.15% to 9% based on the tenure and the interest payment options.
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Muthoot Finance Limited
Muthoot Chambers,
Opp Saritha Theatre Complex, 2nd Flr,
Banerji Road, Kochi 682 018
Phone: (+91 484) 239 4712
Email: ncd@muthootgroup.com
Website: http://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.ncd2018@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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