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Incorporated in 1997, Muthoot Fincorp Limited is a non-deposit-taking NBFC. The company primarily offers personal and business loans secured by gold ornaments and jewelry. The gold loan product is available for personal and business purposes to meet individuals' short-term liquidity requirements.
The company's gold loan portfolio comprised around 31.83 lakhs and 30.46 lakhs of loan accounts as of June 30, 2024, and March 31, 2024, respectively.
As on June 30, 2024, the Company had 3,694 branches across 24 states, including the Union Territory of Andaman and Nicobar Islands and the National Capital Territory of Delhi, and employed 23,000 people, including 97 contracted experts, in its operations.
The company offers the following gold loan products, among others:
Muthoot Blue Guide Gold Loans
Muthoot Blue Bright Gold Loan
Muthoot Blue Power Gold Loan
Muthoot Blue Bigg Gold Loan
Muthoot Blue Smart Gold Loan 24x7 Express Gold Loan
Apart from gold loans, the company also offers foreign exchange and money transfer services as a sub-agent of various registered money transfer agents. Muthoot Fincorp also operates in the following business segments:
Generation and sale of wind energy through its wind farms in Tamil Nadu; and real estate business through joint venture developers of the company's own properties.
| Issue Open | October 11, 2024 - October 24, 2024 |
| Security Name | Muthoot Fincorp Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 75.00 Crores |
| Issue Size (Oversubscription) | Rs 175.00 Crores |
| Tranche Issue Size | Rs 250.00 Crores |
| Issue Size (Shelf) | Rs 2,000.00 Crores |
| Tranche Number | 2 |
| 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 | 24, 36, 60, 72, and 92 Months |
| Series | Series I to XIII |
| 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 | 10% |
| HNI | 35% |
| Retail | 50% |
Muthoot Fincorp Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | Series 11 | Series 12 | Series 13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Annual | Annual | Annual | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 36 Months | 60 Months | 72 Months | 24 Months | 36 Months | 60 Months | 72 Months | 24 Months | 36 Months | 60 Months | 72 Months | 92 Months |
| Coupon (% per Annum) | 9% | 9.25% | 9.45% | 9.65% | 9.4% | 9.65% | 9.9% | 10.1% | NA | NA | NA | NA | NA |
| Effective Yield (% per Annum) | 9.38% | 9.65% | 9.87% | 10.09% | 9.4% | 9.65% | 9.89% | 10.1% | 9.4% | 9.65% | 9.9% | 10.1% | 9.5% |
| Amount on Maturity (In Rs.) | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,196.84 | Rs 1,318.34 | Rs 1,603.62 | Rs 1,781.72 | Rs 2,006 |
CRISIL AA-/Stable (pronounced as CRISIL double A minus rating with stable outlook) for an amount of Rs. 1,90,000 lakhs of NCDs by CRISIL Ratings Limited vide letter dated June 29. June 2024, and CRISIL AA-/Stable (pronounced as CRISIL double A minus rating with stable outlook) for an amount of Rs. 1,10,000 lakhs of NCDs (of which Rs. 10,900 lakhs are unutilized) by CRISIL Ratings Limited
The promoters of the company are Thomas John Muthoot, Thomas George Muthoot and Thomas Muthoot.
Muthoot Fincorp Limited's revenue increased by 28% and profit after tax (PAT) rose by 62% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 38,704.14 | 32,134.61 | 28,422.47 | |||||||||||||||||||||||||||
| Revenue | 6,584.52 | 5,151.33 | 4,355.13 | |||||||||||||||||||||||||||
| Profit After Tax | 1,047.98 | 646.42 | 412.55 | |||||||||||||||||||||||||||
| Reserves and Surplus | 4,071.02 | 3,481.27 | 2,958.7 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The following table details the objects of this Tranche I and the amount to be financed from the Net Proceeds:
The Muthoot Fincorp NCD Tranche II October 2024 was subscribed 1.77 times on October 15, 2024 5:00:00 PM. The NCD subscribed 2.50 times in Retail, 1.30 times in HNI, 0.64 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.50x |
| HNI | 1.30x |
| Non-Institutional | 0.64x |
| Institutional | 0.00x |
| Total | 1.77x |
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Muthoot Fincorp Limited
Muthoot Centre,
TC No 27/3022 Punnen Road,
Trivandrum - 695 001
Phone: +91 471 491 1550
Email: cs@muthoot.com
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: yuvraj@integratedindia.in
Website: https://www.integratedregistry.in/registrarstosta.aspx?od=1
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