Muthoot Finance Tranche III NCD will open for subscription from 08 April 2021. the company aims for an issue size of ₹1700 crore through this NCD Issue.
Muthoot Finance Limited
incorporated in 1997, Muthoot Finance Limited is Kerala based gold loan NBFC company with a legacy of 800 years of a family business. The company is the largest gold loan company in India in terms of the loan portfolio as of March 31, 2020. Muthoot Finance has 70 Crore+ customers including repeat customers. Muthoot Finance has a network of 5,330+ branches as of December 31, 2020, with 40,000+ employees.
Objects of the Issue
- For the purpose of lending- 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.
NCD Details
| Issue Open | 08 April 2021 |
| Issue Closing | 12 April 2021 |
| Security Name | Muthoot Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Base Issue Size | ₹100Crores |
| Issue Size (Shelf) | ₹1600 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 ‘[ICRA] AA+/ “Stable” by ICRA and “CRISIL AA+/Stable” by CRISIL |
| Basis of Allotment | First Come First Serve Basis |
| Listing at | BSE |
Coupon Rates for Eash Series
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Annually | Annually | Annually | Annually | NA | NA |
| Tenor | 38 months | 60 months | 26 months | 38 months | 60 months | 120 months | 38 months | 60 months |
| Coupon Rate | 6.85% | 7.35% | 6.60% | 7.10% | 7.60% | 8.00% | NA | NA |
| Amount on Maturity (Retail) | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 | ₹1,252.26 | ₹1,459.15 |
NCD’s Offered
| Category | NCD’s Reserved |
|---|---|
| Category 1 (QIB) | 100,000 |
| Category 2 (NII) | 100,000 |
| Category 3 (HNI) | 300,000 |
| Category 4 (RII) | 500,000 |
| Total NCD’s | 1,000,000 |
Company Promoters
- George Thomas Muthoot
- George Alexander Muthoot
- M G George Muthoot
- George Jacob Muthoot
NCD Lead Managers
- A.K. Capital Services Limited
- Edelweiss Financial Services Ltd
- Equirus Capital Private Limited
- JM Financial Consultants Private Limited
Muthoot Finance Limited Tranche III NCD Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: http://www.linkintime.co.in
Company Contact Information
Muthoot Finance Limited
2nd Floor, Muthoot Chambers,
Opposite Saritha Theatre Complex,
Banerji Road, Kochi 682 018, India
Website: https://www.muthootfinance.com
Final Thoughts
Non Convertible Debentures (NCD) is a better investment option for those who are looking for a diversified portfolio. investing in Muthoot Finance Tranche III NCD is purely your personal choice. make a good study and analysis before you make the investment.
Happy Investing