Muthoot Fincorp has become a well-known provider of gold loans and is a systemically important NBFC that does not accept deposits. With a compound annual growth rate of about 15% from FY 2016 to FY 2022, Muthoot Fincorp demonstrated a notable increase in its Gold Loan Portfolio.
The personal and business loans provided by the company, which are secured by gold jewelry and ornaments, are designed to meet sudden or other short-term liquidity needs for people who do not have ready or timely access to formal credit or for whom credit may not be available at all. At the end of March 2023, the corporation had around 31.40 lakh loan accounts in its portfolio of gold loans. In 24 states, including the union territory of the Andaman and Nicobar Islands and the national capital region of Delhi, the
corporation had 3,619 branches as of March 31, 2023. There were 18,509 people working for the company, including 138 contracted experts who assisted with its operations. The organization has its headquarters in Kerala, India, and has been in the gold lending business for more than 20 years.
Muthoot Fincorp NCD September 2023 Details
| Subscription Dates | 1 – 14 September 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base Issue) | INR 100 crores |
| Overall Issue Size (including oversubscription) | INR 400 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 24 months 36 months 60 months 96 months |
| Credit Rating | CRISIL AA-/Stable |
| Category Reservation | Category 1 (QIB): 5% Category 2 (NII): 35% Category 3 (Retail): 60% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
Muthoot Fincorp NCD September 2023: Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
|---|---|---|---|---|---|
| Series 1 | 24 months | Monthly | 8.65% | 8.99% | INR 1,000 |
| Series 2 | 36 months | Monthly | 8.90% | 9.26% | INR 1,000 |
| Series 3 | 60 months | Monthly | 9.05% | 9.43% | INR 1,000 |
| Series 4 | 24 months | Annual | 9.00% | 8.99% | INR 1,000 |
| Series 5 | 36 months | Annual | 9.27% | 9.26% | INR 1,000 |
| Series 6 | 60 months | Annual | 9.44% | 9.43% | INR 1,000 |
| Series 7 | 24 months | Cumulative | NA | 8.99% | INR 1,188.0 |
| Series 8 | 36 months | Cumulative | NA | 9.26% | INR 1,305.0 |
| Series 9 | 60 months | Cumulative | NA | 9.43% | INR 1,570.0 |
| Series 10 | 96 months | Cumulative | NA | 9.05% | INR 2,001.0 |
Muthoot Fincorp Non-Convertible Debentures Lead Manager
SMC CAPITALS LIMITED
A-401/402, Lotus Corporate Park,
Off Western Express Highway,
Jai Coach Signal, Goregaon (East),
Mumbai, 400063, Maharashtra
Phone: +91 22 6648 1818
Email: [email protected]
Website: https://www.smccapitals.com
Muthoot Fincorp Non-Convertible Debentures Registrar
INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED
II Floor, Kences Towers, No. 1 Ramakrishna Street
North Usman Road, T. Nagar
Chennai, 600 017, Tamil Nadu
Phone: +91 44 28140801, 802, 803
Email: [email protected]
Website: https://www.integratedindia.in
Muthoot Fincorp Contact Details
MUTHOOT FINCORP LIMITED
Muthoot Centre, Near Spencer Junction,
M.G. Road, Trivandrum 695 001, Kerala
Phone: +91 471 491 1550
Email: [email protected]
Website: https://www.muthootfincorp.com
Muthoot Fincorp Documents
- Muthoot Fincorp NCD Prospectus
- Muthoot Fincorp NCD Draft Prospectus
- Upcoming NCDs
Muthoot Fincorp NCD September 2023 Subscription Status (no. of times)
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| 4 Sep 2023 | 0.00 | 0.73 | 1.55 | 1.19 |
| 1 Sep 2023 | 0.00 | 0.32 | 0.64 | 0.50 |
Muthoot Fincorp NCD September 2023 FAQs:
Q1. What is the face value and lot size of Muthoot Fincorp NCD September 2023?
Ans. The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
Q2. What is the frequency of interest payment in Muthoot Fincorp NCD September 2023?
Ans. The frequency of payment for Muthoot Fincorp NCD is Monthly, Annual, and cumulative.
Q3. What is the basis of allotment in Muthoot Fincorp NCD September 2023 offer?
Ans. Muthoot Fincorp NCDs will be allotted on a First Come First Serve Basis.
