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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 jewellery.
The gold loan product is available for personal and business purposes to meet short-term liquidity requirements of the individuals.
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
For FY2019, FY2018 and FY2017, the revenue from the Gold loan was 82.86 %, 85.63% and 75.44% respectively of total income on a standalone basis. The company is also engaged in the generation & sale of wind energy and real estate business.
| Issue Open | June 29, 2020 - July 13, 2020 |
| Security Name | Muthoot Fincorp Ltd |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 160.00 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; BWR A +/ Stable |
| Tenor | 24 months/ 38 months/ 60 months |
| Series | Series I to Series IX |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 0% |
| Category 2 | 0% |
| Category 3 | 0% |
| Category |
NCD's Reserved |
|---|---|
| Category 1 | 50,000 |
| Category 2 | 250,000 |
| Category 3 | 700,000 |
| Category 4 | 0 |
| Total NCD's | 1,000,000 |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | |
|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Annually | Annually | Annually | Cumulative | Cumulative | Cumulative |
| Tenor | 24 Months | 38 Months | 60 Months | 24 Months | 38 Months | 60 Months | 24 Months | 38 Months | 60 Months |
| Coupon Rate (Retail) | 9.00% | 9.15% | 9.25% | 9.40% | 9.65% | 9.75% | 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 1,202 | Rs 1,348 | Rs 1,611 |
The NCDs proposed to be issued under this Issue have been rated "A (Stable)" for an amount of Rs 50,000 lakhs by CRISIL Limited ("CRISIL") vide their letter dated October 10, 2019 and further revalidated by their letters dated December 26, 2019, March 9, 2020 and June 10, 2020, and rated "BWR A +" (Outlook: Stable)' for an amount of Rs 50,000 lakhs, by Brickwork Ratings India Pvt. Ltd. ("Brickworks") vide their letter dated December 12, 2019 and further revalidated by their letter dated March 11, 2020 and June 15, 2020. The rating of CRISIL A (Stable) by CRISIL and BWR A+ (Stable) by Brickworks indicate that instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.
Thomas John Muthoot, Thomas George Muthoot and Thomas Muthoot are the promoters of the company.
The following objects are proposed to be financed from the Net Proceeds:
1. Working capital purpose and for repayment of interest and principal of existing loans
2. General corporate purposes
The Muthoot Fincorp NCD June 2020 was subscribed 2.08 times on July 13, 2020 5:00:00 PM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 3 | 1.92x |
| Category 2 (NII) | 2.96x |
| Category 1 (QIB) | 0.00x |
| Total | 2.08x |
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Muthoot Fincorp Ltd
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/
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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