Established in 1997, Muthoot Finance Limited stands as a prominent gold loan NBFC rooted in Kerala, with a rich heritage spanning 800 years within the family business domain. The company’s diversified offerings encompass an array of financial solutions, including Gold loans, Housing Finance (Home Loans), Personal loans, Insurance, Gold Coins, Money Transfer Services, Foreign Exchange, Mutual Funds, Micro Finance, and Vehicle loans.
Muthoot Finance’s impressive Gold Loan portfolio, as of September 30, 2022, encapsulates around 8.16 million loan accounts across India, adeptly managed through a robust network of 4,641 branches. These branches are strategically distributed across 22 states, the national capital territory of Delhi, and six union territories, establishing a nationwide footprint. With a commitment to its workforce, the company employs 27,204 individuals as of September 30, 2022.
As of March 31, 2022, Muthoot Finance Limited’s financial position is reinforced by borrowings amounting to Rs. 276,630.69 million, secured from reputable banks and financial institutions.
Muthoot Finance Limited Tranche I NCD April 2023 Detail #
| Issue Open | Apr 12, 2023 – Apr 26, 2023 |
| Security Name | Muthoot Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 75.00 Crores |
| Issue Size (Shelf) | Rs 300.00 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 | [ICRA] AA+/Stable by ICRA Limited |
| Tenor | 25, 37 and 61 months |
| Series | Series I to VII |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Idbi Trusteeship Services Ltd. |
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 |
NCD Rating #
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.
Company Promoters #
George Thomas Muthoot, George Jacob Muthoot and George Alexander Muthoot are the company promoters.
Company Financials #
| 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 | |||
Objects of the Issue #
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:
- For the purpose of lending – minimum of 75% of the amount raised and allotted in the Issue
- For General Corporate Purposes – shall not exceed 25% of the amount raised and allotted in the Issue
Muthoot Finance Limited Tranche I NCD April 2023 Prospectus #
Muthoot Finance Limited Tranche I NCD April 2023 Subscription Status #
The Muthoot Finance Limited Tranche I NCD April 2023 was subscribed 2.80 times on Apr 26, 2023 1:00:00 AM. The NCD subscribed 4.19 times in Retail, 1.50 times in HNI, 2.10 times in Non-Institutional, and 0.01 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 4.19x |
| HNI | 1.50x |
| Non-Institutional | 2.10x |
| Institutional | 0.01x |
| Total | 2.80x |
Check Day by Day Bidding Details
Company Contact Information #
2nd Floor, Muthoot Chambers,
Opposite Saritha Theatre Complex, Banerji Road,
Kochi – 682 018Phone: (+91 484) 239 4712
Email: ncd@muthootgroup.com
Website: http://www.muthootfinance.com/
Muthoot Finance Limited Tranche I NCD April 2023 Registrar #
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: mfl.ncd2023@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
