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Incorporated in 1997, Muthoot Finance Limited is a Kerala-based gold loan NBFC company with a legacy of 800 years of the family business.
The company offers Gold loans, Housing Finance (Home Loans), Personal loans, Insurance, Gold Coins, Money Transfer Services, Foreign Exchange, Mutual Funds, Micro Finance and Vehicle loans.
Muthoot Finance has over 4,742 branches across 22 states, the national capital territory of Delhi, and six union territories in India, with 27,701 employees. As of June 30, 2023, the company's Gold Loan portfolio comprised approximately 8.34 million loan accounts.
The company's clientele includes small businessmen, vendors, traders, farmers, and salaried individuals. As of March 31, 2023, the company had ₹296,243.02 million as borrowings from banks and financial institutions.
| Issue Open | September 21, 2023 - September 27, 2023 |
| 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 2,600.00 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 by ICRA Limited |
| Tenor | 24, 36, and 60 Months |
| Series | Series I to VII |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Idbi Trusteeship Services Ltd. |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 5% |
| Non-Institutional | 20% |
| HNI | 25% |
| Retail | 50% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 50,000 |
| Non-Institutional | 200,000 |
| HNI | 250,000 |
| Retail | 500,000 |
| Total NCD's | 1,000,000 |
Muthoot Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Annual | Annual | Annual | NA | NA |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 36 Months | 60 Months | 24 Months | 36 Months | 60 Months | 36 Months | 60 Months |
| Coupon (% per Annum) | 7.75% | 7.75% | 7.75% | 8.00% | 8.00% | NA | NA |
| Effective Yield (% per Annum) | 8.75% | 8.75% | 8.75% | 9.00% | 9.00% | 9.00% | 9.00% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,259.71 | Rs 1,538.62 |
The NCDs proposed to be issued under this Issue have been rated [ICRA] AA+/Stable (pronounced as ICRA Double A plus rating with stable outlook) by ICRA Limited.
Mr. George Thomas Muthoot, Mr. George Jacob Muthoot, and Mr. George Alexander Muthoot are the promoters of the company.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 68,641.44 | 76,316.47 | 80,148.92 |
| Revenue | 11,570.20 | 12,238.16 | 11,975.01 |
| Profit After Tax | 3,818.87 | 4,031.42 | 3,669.77 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing |
The Net Proceeds raised through the Tranche II Issue will be utilized for the following activities:
The Muthoot Finance NCD Tranche II September 2023 was subscribed 8.90 times on September 27, 2023 1:00:00 PM. The NCD subscribed 8.78 times in Retail, 7.84 times in HNI, 12.55 times in Non-Institutional, and 0.70 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 8.78x |
| HNI | 7.84x |
| Non-Institutional | 12.55x |
| Institutional | 0.70x |
| Total | 8.90x |
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Muthoot Finance Limited
2nd 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.ncd2023@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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