Muthoot Finance Limited NCD Date, Price, Review & Allotment

Muthoot Finance Limited NCD Date

Muthoot Finance Limited, founded in 1997, is a Kerala-based gold-offering NBFC with an 800-year family business tradition. Gold loans, Housing Finance (Home Loans), Personal loans, Insurance, Gold Coins, Money Transfer Services, Foreign Exchange, Mutual Funds, Micro Finance, and Vehicle loans are all available from the organization.

Muthoot Finance

As of September 30, 2022, the Muthoot Finance Gold Loan portfolio included of about 8.16 million loan accounts in India, which we serviced through 4,641 branches spread across 22 states, the national capital city of Delhi, and six union territories in India. As of September 30, 2022, the company’s operations employed 27,204 people. The company had Rs. 276,630.69 million in bank and financial institution borrowings as of March 31, 2022.

Objects of the IPO 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 Detail

Issue OpenApr 12, 2023 – Apr 26, 2023
Security NameMuthoot Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 75.00 Crores
Issue Size (Shelf)Rs 300.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit Rating[ICRA] AA+/Stable by ICRA Limited
Tenor25, 37 and 61 months
SeriesSeries I to VII
Payment FrequencyMonthly and Annually
Basis of AllotmentFirst Come First Serve Basis
Debenture TrustiesIdbi Trusteeship Services Ltd.

NCD Allocation Ratio

Category NCD’s Allocated
Institutional5%
Non-Institutional5%
HNI40%
Retail50%

NCD’s Offered by Category

Category NCD’s Reserved
Institutional37,500
Non-Institutional37,500
HNI300,000
Retail375,000
Total NCD’s750,000

Muthoot Finance Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7
Frequency of Interest PaymentMonthlyMonthlyAnnualAnnualAnnualNANA
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor37 Months61 Months25 Months37 Months61 Months37 Months61 Months
Coupon (% per Annum)7.75%7.85%7.75%8.00%8.10%NANA
Effective Yield (% per Annum)8.25%8.35%8.25%8.50%8.60%8.50%8.60%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,286.34Rs 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
  • George Alexander Muthoot

Muthoot Finance Limited Financial Information (Restated Consolidated)

Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2054,881.699,707.273,168.68
31-Mar-2168,641.4411,566.423,818.87
31-Mar-2276,316.4712,237.464,031.32

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)
Retail4.19x
HNI1.50x
Non-Institutional2.10x
Institutional0.01x
Total2.80x

Muthoot Finance Limited Tranche I NCD April 2023 Lead Manager(s)

  • A.K. Capital Services Limited

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