Founded in 1997, Muthoot Finance Limited stands as a prominent Kerala-based NBFC specializing in gold loans, with a remarkable heritage spanning eight centuries of family business legacy. The company’s comprehensive range of offerings encompasses Gold loans, Housing Finance (Home Loans), Personal loans, Insurance, Gold Coins, Money Transfer Services, Foreign Exchange, Mutual Funds, Micro Finance, and Vehicle loans.
As of September 30, 2022, Muthoot Finance’s Gold Loan portfolio exhibited a substantial presence, encompassing approximately 8.16 million loan accounts across India. These loans were efficiently managed through a network of 4,641 branches distributed across 22 states, the national capital territory of Delhi, and six union territories. With an unwavering commitment to its operations, the company’s workforce includes 27,204 dedicated individuals.
As of March 31, 2022, Muthoot Finance Limited’s financial stature is underpinned by borrowings totaling Rs. 276,630.69 million, sourced from reputable banks and financial institutions. The company’s enduring legacy, extensive operational reach, and diverse portfolio reinforce its position as a significant player within the financial landscape.
Muthoot Finance Limited Tranche V NCD Feb 2023 Detail #
| Issue Open | Feb 8, 2023 – Mar 3, 2023 |
| Security Name | Muthoot Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 500.00 Crores |
| Issue Size (Shelf) | Rs 3,000.00 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 | AA+/Stable by ICRA. |
| 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 | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 37 months | 61 months | 25 months | 37 months | 61 months | 37 months | 61 months |
| Coupon Rate (Retail) | 8.25% | 8.35% | 8.25% | 8.50% | 8.60% | NA | NA |
| Effective Yield (% per Annum) | 8.25% | 8.35% | 8.25% | 8.50% | 8.60% | 8.50% | 8.60% |
| Amount on Maturity | 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.
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 | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 54881.69 | 9707.27 | 3168.68 | 11829.21 |
| 31-Mar-21 | 68641.44 | 11566.42 | 3818.87 | 15575.02 |
| 31-Mar-22 | 76316.47 | 12237.46 | 4031.32 | 18785.72 |
| Amount in ₹ Crore | ||||
Objects of the Issue #
The Net Proceeds raised through this Tranche V Issue will be utilised for following activities:
- 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 V NCD Feb 2023 Prospectus #
Muthoot Finance Limited Tranche V NCD Feb 2023 Subscription Status #
The Muthoot Finance Limited Tranche V NCD Feb 2023 was subscribed 3.07 times on Mar 3, 2023 5:00:00 AM. The NCD subscribed 4.63 times in Retail, 1.73 times in HNI, 1.24 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 4.63x |
| HNI | 1.73x |
| Non-Institutional | 1.24x |
| Institutional | 0.00x |
| Total | 3.07x |
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: https://www.muthootfinance.com/
Muthoot Finance Limited Tranche V NCD Feb 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.ncd2022@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
