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Muthoot Fincorp Limited NCD (Muthoot Fincorp Limited NCD April 2020) Detail

April 7, 2021 - April 29, 2021
Muthoot Fincorp Limited Logo

Incorporated in 1997, 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 3541 branches located across 20 states, including union territory of Andaman and Nicobar Islands and the national capital territory of Delhi and employed 16,025 employees including 255 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 Limited NCD April 2020 Detail

Issue Open April 7, 2021 - April 29, 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 The NCDs have been rated “A+ (Stable)” by CRISIL Limited
Tenor
Series
Payment Frequency
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 0%
Non-Institutional 0%
HNI 0%

NCD's Offered by Category

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

Coupon Rates for Eash Series

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9
Nature Secured Secured Secured Unsecured Unsecured Secured Secured Secured Unsecured
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 (Retail) 8.25% 8.50% 8.75% 9.50% 9.75% NA NA NA NA
Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,203 Rs 1,370 Rs 1,546 Rs 2,022
Effective Yeild (Annually) 8.57% 8.84% 9.10% 9.92% 10.20% 8.58% 8.83% 9.10% 10.19%

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakhs)
31-Mar-20 31-Mar-19
Total Assets 21,24,037.28 18,37,609.22
Total Revenue 3,75,868.09 3,35,376.33
Profit After Tax 25,792.81 37,261.16

Objects of the Issue

The following objects are proposed to be financed from the Net Proceeds:

1. Working capital purposes
2. General corporate purposes

Muthoot Fincorp Limited NCD April 2020 Prospectus

Muthoot Fincorp Limited NCD April 2020 Subscription Status

The Muthoot Fincorp Limited NCD April 2020 was subscribed 1.57 times on April 29, 2021 5:00:00 AM. The NCD subscribed 2.38 times in HNI, 0.67 times in Non-Institutional, and 0.02 times in the Institutional category.

Category ?Subscription (times)
HNI2.38x
Non-Institutional0.67x
Institutional0.02x
Total1.57x

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Muthoot Fincorp Limited NCD April 2020 Rating

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Company Contact Information

Muthoot Fincorp Limited
Muthoot Centre,
TC No 14/2074-7 Punnen Road Trivandrum - 695 039
Kerala, India

Phone: +91 471 491 1550
Email: cs@muthootfincorp.com
Website: https://www.muthootfincorp.com/

Muthoot Fincorp Limited NCD April 2020 Registrar

Integrated Registry Management Services Private Limited
   2nd Floor, Kences Towers,
   No.1 Ramakrishna street, North Usman Road,TNagar,
   Chennai - 600017

Phone: 044 - 28140801 to 28140803
Email: mfinipo@integratedindia.in
Website: https://www.integratedregistry.in/registrarstosta.aspx?od=1

Muthoot Fincorp Limited NCD April 2020 Lead Manager(s)


2 Comments

2. Laala     Link|April 23, 2021 9:38:12 AM
How can I apply through HNI quota?
1. LearningIPO     Link|April 7, 2021 9:10:29 PM
Dear Admin,

Coupon rates are missing.
1.1. KARTHIKEYAN SOMASUNDARAM     Link|April 8, 2021 7:15:52 AM
It's available in the prospectus.

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