Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
NCD Status: Closed [12th Apr 2023 to 26th Apr 2023]
Muthoot Finance Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 75.00 Cr and Shelf issue size of worth Rs 300.00 Cr. The subscription is opening from 12 Apr 2023 to 26 Apr 2023. The company issues series I to VII at an issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs) . The face value of each NCD is Rs 1000. The NCD tenor is 25, 37 and 61 months with a coupon rate ranging from 7.75% - 8.60% per annum.
Check more about the Muthoot Finance Limited including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 12th Apr 2023 |
| NCD Closing Date: | 26th Apr 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹75.00Cr |
| Issue Size (Shelf): | ₹300.00Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE |
| Tenor: | 25, 37 and 61 months |
| Rating: | [ICRA] AA+/Stable by ICRA Limited |
| Series: | Series I to VII |
| Payment Frequency: | Monthly and Annually |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 12th Apr 2023 |
| NCD Issue Close | 26th Apr 2023 |
| BSE Code: | 2983 |
| BSE Script Symbol: | MFLXXXI |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 37500 | 5% |
| Non-Institutional | 37500 | 5% |
| HNI | 300000 | 40% |
| Retail | 375000 | 50% |
Muthoot Finance Limited was originally incorporated in Kochi, Kerala as a private limited company on March 14, 1995. They provide personal loans and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but are not able to access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short - term liquidity requirements.
They have started providing unsecured loans to individuals and loans to traders and self-employed. They also provide micro-finance, housing finance, vehicle and equipment finance and insurance broking services through our subsidiaries. They believe that these services will enable us to improve our visibility, and profitability as well as increase customer presence in their branches.
Their customers are typically small businessmen, vendors, traders, farmers and salaried individuals, who for reasons of convenience, accessibility or necessity, avail of their credit facilities by pledging their gold jewellery with them rather than by taking loans from banks and other financial institutions. They provide retail loan products, primarily comprising Gold Loans.
They also rely on loans from banks and financial institutions and raise capital by issuing commercial paper and listed and credit-rated non-convertible debentures under private placement mode or through public issues to various institutional corporate, high net worth and retail investors.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 54,881.69 | 9,707.27 | 3,168.68 |
| 31-Mar-21 | 68,641.44 | 11,566.42 | 3,818.87 |
| 31-Mar-22 | 76,316.47 | 12,237.46 | 4,031.32 |
| Amount in ₹ Crore | |||
The Company proposes to utilize the funds which are being raised through the Issue towards funding the following objects in the ratio provided as below:
Muthoot Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Annual | Annual | Annual | NA | NA |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 37 Months | 61 Months | 25 Months | 37 Months | 61 Months | 37 Months | 61 Months |
| Coupon (% per Annum) | 7.75% | 7.85% | 7.75% | 8.00% | 8.10% | NA | NA |
| Effective Yield (% per Annum) | 8.25% | 8.35% | 8.25% | 8.50% | 8.60% | 8.50% | 8.60% |
| 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 1,286.34 | Rs 1,521.42 |
George Thomas Muthoot, George Jacob Muthoot and George Alexander Muthoot are the company promoters.
The NCDs proposed to be issued under this Issue have been rated [ICRA] AA+/Stable (pronounced as ICRA Double A plus rating with stable outlook) by ICRA Limited.
Last Updated on 2023-04-29T03:30:21+00:00
