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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 short-term liquidity requirements of the individuals. As of September 30, 2021, the Gold loan portfolio of the company is comprised of approximately 36.18 lakhs loan accounts.
Currently, Company operates through 3,658 branches located across 24 states in India. The company employs 17,013 people including 233 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 | August 5, 2022 - September 1, 2022 |
| Security Name | Muthoot Fincorp Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 250.00 Crores |
| Issue Size (Shelf) | Rs 250.00 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 A+/Stable by CRISIL Ratings Limited |
| Tenor | 27, 38, 48 and 96 Months |
| Series | Series I to Series VII |
| Payment Frequency | Monthly and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 5% |
| Non-Institutional | 35% |
| Retail | 60% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 125,000 |
| Non-Institutional | 875,000 |
| Retail | 1,500,000 |
| Category 4 | 0 |
| Total NCD's | 2,500,000 |
Coupon Rates
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | ||
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Cumulative | Cumulative | Cumulative | Cumulative | |
| Nature | Secured | |||||||
| Tenor | 27 months | 38 months | 48 months | 27 months | 38 months | 48 months | 96 months | |
| Coupon Rate (Retail) | 8.00% | 8.25% | 8.35% | NA | NA | NA | NA | |
| Effective Yield (% per Annum) | 8.29% | 8.56% | 8.67% | 8.29% | 8.56% | 8.66% | 9.09% | |
| Amount on Maturity | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,196 | Rs 1,297 | Rs 1,395 | Rs 2,007 | |
The issue has been rated "CRISIL A+/Stable" by CRISIL. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.
Mr. Thomas John Muthoot, Mr. Thomas George Muthoot and Mr. Thomas Muthoot are the company promoters.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 21241.81 | 3765.99 | 257.93 | 2653.03 |
| 31-Mar-21 | 26284.54 | 4101.19 | 397.28 | 3034.7 |
| 31-Mar-22 | 28422.34 | 4355.13 | 412.55 | 3731.16 |
| Amount in ₹ Crore | ||||
The company proposes to utilise the funds which are being raised through the Issue
The Muthoot Fincorp NCD August 2022 was subscribed 1.90 times on September 1, 2022 5:00:00 AM. The NCD subscribed 2.47 times in Retail, 1.18 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.47x |
| Non-Institutional | 1.18x |
| Institutional | 0.00x |
| Total | 1.90x |
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Muthoot Fincorp Limited
Muthoot Centre,
TC No 14/2074-7 Punnen Road,
Trivandrum – 695 039, Kerala
Phone: +91 471 491 1550
Email: cs@muthootfincorp.com
Website: https://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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