Muthoot Fincorp NCD April 2020

Muthoot Fincorp NCD April 2020 Details

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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 Open07 April 2021
Issue Closing29 April 2021
Security NameMuthoot Fincorp Limited
Security TypeSecured, 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 size10 NCD
Market Lot1 NCD
Credit RatingThe NCDs have been rated “A+ (Stable)” by CRISIL Limited
Basis of AllotmentFirst Come First Serve Basis
Listing atBSE

Company Financials

ParticularsFor the year/period ended (Rs in Lakhs)
Total Assets21,24,037.2818,37,609.22
Total Revenue3,75,868.093,35,376.33
Profit After Tax25,792.8137,261.16

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’s2,000,000

Company Contact Information

Muthoot Fincorp Limited
Muthoot Centre,
TC No 14/2074-7 Punnen Road Trivandrum – 695 039
Kerala, India

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.

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