Muthoot Fincorp NCD is opening for subscription from 18 February 2021 to 09 March 2021. the company aims for a Base Issue Size of ₹150 Crores through this NCD.
Muthoot Fincorp Limited
Incorporated in 1997, Muthoot Fincorp Limited is a non-deposit taking NBFC. The company is primarily engaged in the business of offering personal and business loans which are secured by gold ornaments and jewellery.
The gold loan product is available for personal and business purposes to meet the short-term liquidity requirements of the individuals. Currently, Company operates 3541 branches located across 20 states, including the union territory of Andaman and Nicobar Islands and the national capital territory of Delhi, and employed 16,025 employees including 255 contracted experts in its operations. Some of the Gold Loan products offered by the company are:
- Muthoot Blue Guide Gold loan
- Bright Gold loan
- Muthoot Blue Power Gold loan
- Bigg Gold loan
- Muthoot Blue Smart Gold loan
- 24×7 Express Gold loan
In addition to the Gold loan business, the Company provides foreign exchange conversion and money transfer services as sub-agents of various registered money transfer agencies. Muthoot Fincorp is also engaged in the following business:
- Generation and sale of wind energy through its wind farms located in Tamil Nadu; and
- Real estate business through joint venture developers of the company-owned land parcels.
Objectives of the Issue
- General corporate purposes
- Working capital purposes
Muthoot Fincorp NCD details
| Issue Open | 18 February 2021 |
| Issue Closing | 09 March 2021 |
| Security Name | Muthoot Fincorp Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) |
| Base Issue Size | ₹ 150 Crores |
| Issue Size (Shelf) | ₹ 150 Crores |
| Total Issue size | ₹ 150 Crores |
| Issue Price | ₹ 1000 per NCD |
| Face Value | ₹ 1000 for each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 10 NCD |
| Credit Rating | The NCDs have been rated ‘A (Stable)’ by CRISIL Limited |
| Series | Series I to Series IX |
| Tenor | 27, 38, 60, and 72 months |
Financial summary
| Particulars | For the year/period ended (? in Lakhs) | |
|---|---|---|
| 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 21,24,037.28 | 18,37,609.22 |
| Total Revenue | 3,75,868.09 | 3,35,376.33 |
| Profit After Tax | 25,792.81 | 37,261.16 |
Coupon Rates
| Series 1 | S2 | S3 | S4 | S5 | S6 | S7 | S8 | S9 | |
|---|---|---|---|---|---|---|---|---|---|
| Nature | Secured | Securd | Secured | Unsecurd | Unsecured | Secured | Securd | Secured | Unsecured |
| Frequency of Interest Payment | Monthly | Montly | Monthly | Montly | Annually | Cumulative | Cumultiv | Cumulative | Cumultive |
| Tenor | 27 Months | 38 Months | 60 MontHs | 72 Months | 72 Months | 27 Months | 38 Months | 60 Months | 72 Months |
| Coupon Rate (Retail) | 8.25% | 8.50% | 8.75% | 9.00% | 9.40% | NA | – | – | NA |
| Effective Yeild (Annually) | 8.57% | 8.84% | 9.10% | 9.38% | 9.40% | 8.58% | 8.84% | 9.10% | 9.40% |
Company promoters
- Thomas John Muthoot, Thomas George Muthoot, Thomas Muthoot
Muthoot Fincorp NCD Lead Managers
- SMC Capitals Ltd
Muthoot Fincorp NCD Registrar
Integrated registry management services Pvt Ltd
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: http://www.integratedindia.in
Company Contact Information
Muthoot Fincorp Limited
Muthoot Centre,
TC No 14/2074-7 Punnen Road Trivandrum – 695 039
Kerala, India
Phone: +91 471 491 1550
Email: cs@muthootfincorp.com
Website: https://www.muthootfincorp.com/
Final Thoughts
Non Convertible Debentures (NCD) is a better investment option for those who are looking for a diversified portfolio. investing in Muthoot Fincorp NCD is purely your personal choice. make a good study and analysis before you make the investment.
Happy Investing