The Muthoot Fincorp Issue Open was confirmed from April 10, 2024, to April 25, 2024. Read the post to learn about Muthoot Fincorp NCD
Muthoot Fincorp Developers IPO is a fixed price issue of Rs 100.00 Crores. As of September 30, 2023, the company operated 3,619 outlets in 24 states, including the Union Territory of Andaman and Nicobar Islands and the National Capital Territory of Delhi, and employed 20,507 individuals, including 91 contracted specialists.
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Key Details Of Muthoot Fincorp NCD
Bidding Dates
April 10-25
Issue Price
Rs 1,100.00 Crores
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
Muthoot Fincorp NCD
The Muthoot Fincorp NCD Face Value is Rs 1000 each NCD.
Muthoot Fincorp NCD Overview
Muthoot Fincorp Limited is a non-deposit-taking non-banking financial company that primarily offers gold loans. Mathew K. Cherian leads the Kosamattam Group, which includes the enterprise. The company is headquartered in Kottayam, Kerala. Muthoot Fincorp provides loans to businessmen, vendors, dealers, farmers, salaried individuals, and families throughout Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat, and Telangana, as well as the Union Territory of Puducherry.
Aside from the gold loan, it provides fee-based auxiliary services such as microfinance, money transfers, power generation, foreign currency exchange, agricultural, and airline booking. As of September 30, 2023, the corporation operated 994 branches in eight states and one union territory.
Muthoot Fincorp NCD Detail
| Issue Open | April 10, 2024 – April 25, 2024 |
| Security Name | Muthoot Fincorp Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Oversubscription) | Rs 260.00 Crores |
| Tranche Issue Size | Rs 360.00 Crores |
| Issue Size (Shelf) | Rs 1,100.00 Crores |
| Tranche Number | IV |
| 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 |
| Tenor | 26, 38, 60, 72, and 94 Months |
| Series | Series I to XIII |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vardhman Trusteeship Private Limited |
Muthoot Fincorp Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 32,134.61 | 28,422.47 |
| Revenue | 5,151.33 | 4,355.13 |
| Profit After Tax | 646.42 | 412.55 |
| Net Worth | 4,257.18 | 3,731.16 |
| Reserves and Surplus | 3,481.27 | 2,958.70 |
| Amount in ₹ Crore | ||
Muthoot Fincorp Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | Series 11 | Series 12 | Series 13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Annual | Annual | Annual | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 26 Months | 38 Months | 60 Months | 72 Months | 26 Months | 38 Months | 60 Months | 72 Months | 26 Months | 38 Months | 60 Months | 72 Months | 94 Months |
| Coupon (% per Annum) | 8.90% | 9.15% | 9.35% | 9.55% | 9.25% | 9.50% | 9.75% | 10.00% | NA | NA | NA | NA | NA |
| Effective Yield (% per Annum) | 9.26% | 9.54% | 9.75% | 9.97% | 9.27% | 9.52% | 9.74% | 10.00% | 9.27% | 9.52% | 9.74% | 10.00% | 9.25% |
| 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 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,212.00 | Rs 1,334.00 | Rs 1,592.00 | Rs 1,772.00 | Rs 2,000.00 |
Muthoot Fincorp Limited NCD Allocation Ratio
Company Profile
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- For the purpose of Working Capital – 75% of the amount raised and allotted in this Tranche II Issue.
- For General Corporate Purposes – 25% of the amount raised and allotted in this Tranche II Issue.
Registrar Info
| Name | Integrated Registry Management Services Private Limited |
| Phone number | + 91 44 2814 0801 to 803 |
| Email ID | [email protected] |
| Website | integratedindia.in |
Contact Details
| Name | Muthoot Fincorp Limited |
| Phone number | +91 471 491 1550 |
| Email ID | — |
| Website | muthootfincorp.com |
NCD Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
NCD 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.
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