Muthoot Fincorp NCD

Muthoot Fincorp NCD – February 2020 details

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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:

  1. Muthoot Blue Guide Gold loan
  2. Bright Gold loan
  3. Muthoot Blue Power Gold loan
  4. Bigg Gold loan
  5. Muthoot Blue Smart Gold loan
  6. 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:

  1. Generation and sale of wind energy through its wind farms located in Tamil Nadu; and
  2. 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 Open18 February 2021
Issue Closing09 March 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₹ 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 size10 NCD
Market Lot10 NCD
Credit RatingThe NCDs have been rated ‘A (Stable)’ by CRISIL Limited
SeriesSeries I to Series IX
Tenor27, 38, 60, and 72 months

Financial summary

ParticularsFor the year/period ended (? 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

Coupon Rates

 Series 1S2S3S4S5S6S7S8S9
Frequency of Interest PaymentMonthlyMontlyMonthlyMontlyAnnuallyCumulativeCumultivCumulativeCumultive
Tenor27 Months38 Months60 MontHs72 Months72 Months27 Months38 Months60 Months72 Months
Coupon Rate (Retail)8.25%8.50%8.75%9.00%9.40%NANA
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

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

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

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