Muthoot Finance Tranche III NCD

Muthoot Finance Tranche III NCD Details

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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 Open08 April 2021
Issue Closing12 April 2021
Security NameMuthoot Finance Limited
Security TypeSecured, 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 size10 NCD
Market Lot1 NCD
Credit RatingThe NCDs have been rated ‘[ICRA] AA+/ “Stable” by ICRA and “CRISIL AA+/Stable” by CRISIL
Basis of AllotmentFirst Come First Serve Basis
Listing atBSE

Coupon Rates for Eash Series

 Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8
Frequency of Interest PaymentMonthlyMonthlyAnnuallyAnnuallyAnnuallyAnnuallyNANA
Tenor38 months60 months26 months38 months60 months120 months38 months60 months
Coupon Rate6.85%7.35%6.60%7.10%7.60%8.00%NANA
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’s1,000,000

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

Company Contact Information

Muthoot Finance Limited
2nd Floor, Muthoot Chambers,
Opposite Saritha Theatre Complex,
Banerji Road, Kochi 682 018, India

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

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