The Muthoot Finance Issue Open has been confirmed from January 8, 2024 – January 19, 2024.
Muthoot Finance Developers IPO is a fixed price issue of Rs 100.00 Crores. The company’s clients include small business owners, vendors, traders, farmers, and salaried employees. As of March 31, 2023, the company had borrowed ₹296,243.02 million from banks and other institutions.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
January 8-19
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
Muthoot Finance NCD
The Muthoot Finance NCD Face Value is Rs 1000 each NCD.
IPO Overview
Muthoot Finance Limited, incorporated in 1997, is a Kerala-based gold loan NBFC with an 800-year family business tradition.The company provides gold loans, housing finance (home loans), personal loans, insurance, gold coins, money transfer services, foreign exchange, mutual funds, microfinance, and vehicle loans. Muthoot Finance has around 4,745 branches in 22 states, the national capital city of Delhi, and six union territories in India, employing 28,097 people.
As of September 30, 2023, the company’s Gold Loan portfolio totaled over 8.52 million loan accounts. The company’s clients include small business owners, vendors, traders, farmers, and salaried employees. As of March 31, 2023, the company had borrowed ₹296,243.02 million from banks and other institutions.
Muthoot Finance NCD Detail
| Issue Open | January 8, 2024 – January 19, 2024 |
| Security Name | Muthoot Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 900.00 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 | 24, 36, and 60 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 Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 72,619.81 | 70,554.69 | 63,464.92 |
| Revenue | 10,543.75 | 11,098.39 | 10,574.36 |
| Profit After Tax | 3,473.53 | 3,954.30 | 3,722.18 |
| Net Worth | 2,106.20 | 18,344.57 | 15,238.89 |
| Amount in ₹ Crore | |||
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 | 36 Months | 60 Months | 24 Months | 36 Months | 60 Months | 36 Months | 60 Months |
| Coupon (% per Annum) | 8.25% | 8.25% | 8.25% | 8.50% | 8.50% | NA | NA |
| Effective Yield (% per Annum) | 8.75% | 8.75% | 8.75% | 9.00% | 9.00% | 9.00% | 9.00% |
| 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 1,295.03 | Rs 1,538.62 |
Muthoot Finance Limited NCD Allocation Ratio
Company Profile
Objects of the Issue
The Net Proceeds raised through the Tranche III Issue will be utilised for the following activities in the ratio provided below:
- For the purpose of lending – a 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
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | mfl.ncd2023@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Muthoot Finance Limited |
| Phone number | +91 484 239 4712 |
| Email ID | ncd@muthootgroup.com |
| Website | muthootfinance.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
