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Muthoot Finance Ltd (MFL) is the largest gold loan NBFC based on the loan portfolio in India. The company provides personal and business loans secured by gold jewellery or Gold Loans to individuals.
Muthoot Finance is a 'Systemically Important Non-deposit taking NBFC' headquartered in the south Indian state of Kerala. In addition to Gold Loans, it provides money transfer services through their branches as sub-agents of various registered money transfer agencies and has commenced providing collection agency services. The company also operate three windmills in the state of Tamil Nadu.
As of December 30, 2018, the company has around 8.05 million loan accounts. It has built a network of 4,422 branches across 23 states, Delhi and the 5 union territories in India. It operates 218 ATMs spread across 17 states. The company employs 24,063 persons in its operations.
1. Pan India reach through wide branch network
2. Strong brand name
3. Robust working mechanism
4. Strong capital raising ability
| Issue Open | November 29, 2019 - December 20, 2019 |
| Security Name | Muthoot Finance Ltd |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 4,000.00 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, CRISIL AA/ Stable |
| Tenor | 24 months/ 38 months/ 60 months/ 90 months |
| Series | Series I to Series X |
| Payment Frequency | Monthly and Annual |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 10% |
| Category 2 | 10% |
| Category 3 | 30% |
| Category 4 | 50% |
| Category |
NCD's Reserved |
|---|---|
| Category 1 | 100,000 |
| Category 2 | 100,000 |
| Category 3 | 300,000 |
| Category 4 | 500,000 |
| Total NCD's | 1,000,000 |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Annually | Annually | Annually | NA | NA | NA | NA |
| Tenor | 24 Months | 38 Months | 60 Months | 24 Months | 38 Months | 60 Months | 24 Months | 38 Months | 60 Months | 90 Months |
| Coupon Rate (Retail) | 9.25% | 9.50% | 9.75% | 9.50% | 9.75% | 10.00% | NA | 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 1,193.56 | Rs 1,333.72 | Rs 1,592.29 | Rs 2,000 |
The NCDs proposed to be issued under this Issue have been rated [ICRA] AA (Stable) by ICRA for an amount of upto Rs 40,000 million vide its letter dated December 31, 2018 and have been rated CRISIL AA/Stable by CRISIL for an amount upto Rs 40,000 million vide its letter dated January 18, 2019. The rating of the NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations.
M G George Muthoot, George Alexander Muthoot, George Thomas Muthoot, and George Jacob Muthoot are the promoters of the company.
The Net Proceeds raised through this Issue will be utilized for the purpose of-:
1. For the purpose of lending- 75% of the amount raised and allotted in the Issue
2. For General Corporate Purposes- 25% of the amount raised and allotted in the Issue
The Muthoot Finance NCD Nov 2019 was subscribed 8.83 times on December 20, 2019 1:00:00 PM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 4 | 8.45x |
| Category 3 | 11.10x |
| Category 2 (NII) | 4.94x |
| Category 1 (QIB) | 7.84x |
| Total | 8.83x |
24 3.9 Rating:  Vote Here ... |
Muthoot Finance Ltd
2nd Floor, Muthoot Chambers,
Opp Saritha Theatre Complex,
Banerji Road, Kochi 682 018, India
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.ncd2019@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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