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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 jewelry. The gold loan product is available for personal and business purposes to meet the short-term liquidity requirements of individuals.
The Gold loan portfolio of the company as of December 31, 2022, comprised approximately 32.89 lakhs of loan accounts.
As of December 31, 2022, the company operated out of 3,627 branches located across 24 states, including the union territory of Andaman and Nicobar Islands and the national capital territory of Delhi, and employed 15,079 employees including 168 contracted experts in its operations.
Some of the Gold Loan products offered by the company are:
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:
| Issue Open | April 12, 2023 - April 26, 2023 |
| Security Name | Muthoot Fincorp Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 150.00 Crores |
| Issue Size (Shelf) | Rs 300.00 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 | CRISIL AA-/Stable by CRISIL Ratings Limited |
| Tenor | 27, 42, 60 and 84 Months |
| Series | Series I to VIII |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vardhman Trusteeship Private Limited |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 5% |
| Non-Institutional | 35% |
| Retail | 60% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 75,000 |
| Non-Institutional | 525,000 |
| Retail | 900,000 |
| Category 4 | 0 |
| Total NCD's | 1,500,000 |
Muthoot Fincorp Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 27 Months | 42 Months | 60 Months | 84 Months | 60 Months | 27 Months | 42 Months | 84 Months |
| Coupon (% per Annum) | 8.40% | 8.65% | 8.80% | 9.00% | 9.15% | NA | NA | NA |
| Effective Yield (% per Annum) | 8.71% | 9.00% | 9.15% | 9.37% | 9.15% | 8.71% | 9.00% | 9.37% |
| 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 1,207.00 | Rs 1,353.00 | Rs 1,873.00 |
The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.
Thomas John Muthoot, Thomas George Muthoot, and Thomas Muthoot are the company promoters.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 21,241.81 | 3,765.99 | 257.93 |
| 31-Mar-21 | 26,284.54 | 4,101.19 | 397.28 |
| 31-Mar-22 | 28,422.34 | 4,355.13 | 412.55 |
| Amount in ₹ Crore | |||
The company proposes to utilise the funds which are being raised through the Issue:
1. For the purpose of Working Capital-- 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 Fincorp NCD April 2023 was subscribed 1.58 times on April 26, 2023 1:00:00 AM. The NCD subscribed 2.17 times in Retail, 0.80 times in Non-Institutional, and 0.04 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.17x |
| Non-Institutional | 0.80x |
| Institutional | 0.04x |
| Total | 1.58x |
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Muthoot Fincorp Limited
Muthoot Centre,
TC No 27/3022 Punnen Road
Trivandrum 695 001, Kerala
Phone: +91 471 491 1550
Email:
Website: http://www.muthootfincorp.com
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
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