Muthoot Fincorp Limited operates as a non-deposit-taking NBFC, specializing primarily in the provision of secured personal and business loans backed by gold ornaments and jewelry. The company’s gold loan offerings are tailored to address both personal and business needs, catering to the short-term liquidity requirements of individuals.
As of September 30, 2022, the company’s Gold loan portfolio encompassed approximately 33.23 lakhs loan accounts.
Operating across an extensive network, Muthoot Fincorp Limited maintains a presence through 3,629 branches spanning 25 states, including the union territory of Andaman and Nicobar Islands, and the national capital territory of Delhi. The company’s operations are supported by a dedicated workforce comprising 16,264 employees, including 148 contracted experts.
Diversifying its product range, Muthoot Fincorp Limited extends various Gold Loan products, including:
- 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
- 24×7 Express Gold loan
Beyond its Gold loan segment, the company adds value by offering foreign exchange conversion and money transfer services in collaboration with registered money transfer agencies. Additionally, Muthoot Fincorp is actively engaged in two supplementary business domains:
- Generation and sale of wind energy via its wind farms situated in Tamil Nadu.
- Real estate activities through joint venture partnerships for the development of company-owned land parcels.
Muthoot Fincorp NCD December 2022 Detail #
Issue Open | Jan 2, 2023 – Jan 27, 2023 |
Security Name | Muthoot Fincorp Limited |
Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
Issue Size (Base) | Rs 200.00 Crores |
Issue Size (Shelf) | Rs 200.00 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 | CRISIL AA-/Stable by CRISIL Ratings Limited |
Tenor | 27, 38, 48 and 60 Months |
Series | Series I to VIII |
Payment Frequency | Monthly, Annual and Cumulative |
Basis of Allotment | First Come First Serve Basis |
Debenture Trustee/s | Vardhman Trusteeship Private Limited |
Muthoot Fincorp Limited NCD Coupon Rates
# | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
---|---|---|---|---|---|---|---|---|
Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Annual | Cumulative | Cumulative |
Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
Tenor | 27 months | 38 months | 48 months | 60 months | 48 months | 60 months | 27 months | 38 months |
Coupon Rate (Retail) | 8.10% | 8.25% | 8.40% | 8.50% | 8.70% | 8.80% | NA | NA |
Effective Yield (% per Annum) | 8.40% | 8.56% | 8.72% | 8.83% | 8.69% | 8.79% | 8.41% | 8.57% |
Amount on Maturity | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,199.00 | Rs 1,297.00 |
NCD Rating #
The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.
Company Promoters #
Mr. Thomas John Muthoot, Mr. Thomas George Muthoot and Mr. Thomas Muthoot are the company promoters.
Company Financials #
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
---|---|---|---|---|
31-Mar-20 | 21241.81 | 3765.99 | 257.93 | 2653.03 |
31-Mar-21 | 26284.54 | 4101.19 | 397.28 | 3034.7 |
31-Mar-22 | 28422.34 | 4355.13 | 412.55 | 3731.16 |
Amount in ₹ Crore |
Objects of the Issue #
The company proposes to utilize 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 NCD December 2022 Prospectus #
Muthoot Fincorp NCD December 2022 Subscription Status #
The Muthoot Fincorp NCD December 2022 was subscribed 1.76 times on Jan 27, 2023 1:00:00 AM. The NCD subscribed 2.38 times in Retail, 0.96 times in Non-Institutional, and 0.01 times in the Institutional category.
Category | Subscription (times) |
---|---|
Retail | 2.38x |
Non-Institutional | 0.96x |
Institutional | 0.01x |
Total | 1.76x |
Check Day by Day Bidding Details
Company Contact Information #
Muthoot Centre,
TC No 14/2074-7 Punnen Road,
Trivandrum – 695 039, Kerala Phone: +91 471 491 1550
Email: cs@muthootfincorp.com
Website: https://www.muthootfincorp.com/
Muthoot Fincorp NCD December 2022 Registrar #
Integrated Registry Management Services Private Limited
2 nd Floor,
Ramakrishna Street, North Usman Road,
T. Nagar, Chennai – 600 017
Phone: + 91 44 2814 0801 to 803
Email: mfinipo@integratedindia.in
Website: https://www.integratedindia.in/corporate-container.aspx?cpi