Muthoot Fincorp NCD April 2020 will open for subscription from 07 April 2021. the company aims for a base issue size of ₹ 200 crore through this NCD Issue.
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 jewelry. 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.
Objects of the Issue
- Working capital purposes.
- General corporate purposes.
NCD Details
| Issue Open | 07 April 2021 |
| Issue Closing | 29 April 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 | ₹200 Crores |
| Issue Size (Shelf) | ₹200 Crores |
| Issue Price | ₹ 1000 per NCD |
| Face Value | ₹ 1000 for each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Credit Rating | The NCDs have been rated “A+ (Stable)” by CRISIL Limited |
| Basis of Allotment | First Come First Serve Basis |
| Listing at | BSE |
Company Financials
| Particulars | For the year/period ended (Rs 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 |
NCD’s Offered
| Category | NCD’s Reserved |
|---|---|
| Category 1 (QIB) | 100,000 |
| Category 2 (NII) | 800,000 |
| Category 3 (HNI) | 1,100,000 |
| Category 4 (RII) | 0 |
| Total NCD’s | 2,000,000 |
Company Contact Information
Muthoot Fincorp Limited
Muthoot Centre,
TC No 14/2074-7 Punnen Road Trivandrum – 695 039
Kerala, India
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 April 2020 is purely your personal choice. make a good study and analysis before you make the investment.