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Muthoot Fincorp NCD 2023

NCD Status: Closed [2nd Jan 2023 to 27th Jan 2023]

Rated 2/5 by Team InvestorGain
Muthoot Fincorp NCD Detail

Muthoot Fincorp Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 200.00 Cr and Shelf issue size of worth Rs 200.00 Cr. The subscription is opening from 02 Jan 2023 to 27 Jan 2023. . The company issues series I to VIII 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 27, 38, 48, 60 months with a coupon rate ranging from 8.10% - 8.80% per annum.

Check more about the Muthoot Fincorp Limited NCD 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.

Muthoot Fincorp NCD Details

NCD Opening Date: 2nd Jan 2023
NCD Closing Date: 27th Jan 2023
NCD Type: Secured NCD
Issue Size (Base): ₹200.00Cr
Issue Size (Shelf): ₹200.00Cr
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: 27, 38, 48 and 60 Months
Rating: CRISIL AA-/Stable by CRISIL Ratings Limited
Series:

Series I to VIII

Payment Frequency: Monthly, Annual and Cumulative
Basis of Allotment:
Interest on return:
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

NCD Important Dates

Action Dates
NCD Activity Date
NCD Issue Open 2nd Jan 2023
NCD Issue Close 27th Jan 2023
BSE Code: 2878

* - Tentative Dates

Offer Details

Category Name NCD's Reserved NCD's Allocated
Institutional 100000 5%
Non-Institutional 700000 35%
Retail 1200000 60%

About Company - Muthoot Fincorp

Muthoot Fincorp Limited was incorporated on 1997. They have been engaged in the Gold loans business for over two decades and are headquartered in Kerala, India. The Company provides retail loan products, primarily comprising of Gold loans. Its Gold loan products include Muthoot Blue Guide Gold loan, Muthoot Blue Bright Gold loan, Muthoot Blue Power Gold loan, Muthoot Blue Bigg Gold loan, Muthoot Blue Smart Gold loan and 24x7 Express Gold loan.

The product of their Company, the '24x7 Express Gold loan' can be utilised by individuals who require quick loans against their gold jewellery and who have an existing loan with the Company. This is a type of top up loan. 'Smart Plus Gold loan', the other Gold loan variant of its Company is specifically designed for salaried customers, with tenure of up to 24 months.

This Company's subsidiaries are engaged in the following businesses:-

  1. Its subsidiary Muthoot Housing Finance Company Limited providing affordable housing loans
  2. The subsidiary of Muthoot Microfin Limited, providing micro credit facility to aspiring women entrepreneurs
  3. Subsidiary Muthoot Pappachan Technologies Limited providing IT services.

Muthoot Company is also authorised to act as a depository participant of CDSL as category II. This Fincorp Company is a part of the 'Muthoot Pappachan Group' which has diversified business interests ranging from hospitality, financial services, inflight catering, infrastructure for information technology, automobile sales and services and real estate.

Muthoot Fincorp Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-2021241.813765.99257.932653.03
31-Mar-2126284.544101.19397.283034.7
31-Mar-2228422.344355.13412.553731.16
Amount in ₹ Crore

Muthoot Fincorp NCD Objective

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

Muthoot Fincorp Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8
Frequency of Interest PaymentMonthlyMonthlyMonthlyMonthlyAnnualAnnualCumulativeCumulative
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor27 months38 months48 months60 months48 months60 months27 months38 months
Coupon Rate (Retail)8.10%8.25%8.40%8.50%8.70%8.80%NANA
Effective Yield (% per Annum)8.40%8.56%8.72%8.83%8.69%8.79%8.41%8.57%
Amount on MaturityRs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,199.00Rs 1,297.00

Muthoot Fincorp NCD Promoters

Mr. Thomas John Muthoot, Mr. Thomas George Muthoot and Mr. Thomas Muthoot are the company promoters.

Muthoot Fincorp NCD Rating Details

The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

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Muthoot Fincorp NCD Imporatant Links

  • Muthoot Fincorp NCD DRHP >>Document
  • Muthoot Fincorp NCD RHP >>Document
  • Muthoot Fincorp NCD DRHP Shelf >>Muthoot Fincorp NCD Draft Prospectus Shelf is not yet available.
  • Muthoot Fincorp NCD RHP Shelf >>Muthoot Fincorp NCD Red Herring Prospectus Shelf is not yet available.
  • Muthoot Fincorp NCD Allotment Status >>Muthoot Fincorp NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Muthoot Fincorp Limited
Muthoot Centre, TC No 14/2074-7 Punnen Road
Trivandrum,Kerala-695 039
India
Website: https://www.muthootfincorp.com/
Phone: +91 471 491 1550
Email: [email protected]

Muthoot Fincorp NCD Registrar

Integrated Registry Management Services Private Limited
2 nd Floor,
Ramakrishna Street, North Usman Road,
T. Nagar, Chennai - 600 017
Website: https://www.integratedindia.in/Corporate-Container.aspx?CPI
Phone: + 91 44 2814 0801 to 803
Email: [email protected]

Muthoot Fincorp NCD Lead Manager

  1. Smc Capitals Limited
Muthoot Fincorp NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for Muthoot Fincorp? Should I apply in Muthoot Fincorp NCD?

Last Updated on 2023-02-14T23:30:25+00:00


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