Muthoot Finance Ltd Tranche III NCD Oct 2022Muthoot Finance Ltd Tranche III NCD Oct 2022
    Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country. In addition to financing gold transactions, the company offers gold loan services, wealth management services, travel and tourism services, and sells gold coins. It is India’s No. 1 Most Trusted Financial Services Brand by Power of Trust, TRA’s Brand Trust Report for 6 years since 2016. With a resolute focus on providing customers with the best services, Muthoot Finance has managed to earn the trust of millions.
    The company has 70 Cr satisfied customers including repeat customers, 5330 branches across India and more than 40000 employees and 80 years of family business legacy.

    Muthoot Finance Ltd Tranche III NCD Oct 2022 Details

    Issue Open Oct 6, 2022 – Oct 28, 2022
    Security Name Muthoot Finance Limited
    Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
    Issue Size (Base) Rs 75.00 Crores
    Issue Size (Shelf) Rs 225.00 Crores
    Issue Price Rs 1000 per NCD
    Face Value Rs 1000 each NCD
    Minimum Lot size 10 NCD
    Market Lot 1 NCD
    Listing At BSE
    Credit Rating ICRA AA+/Stable
    Tenor 36, 24 and 60 months
    Series Series I to VII
    Payment Frequency Monthly and Annually
    Basis of Allotment First Come First Serve Basis

    NCD Rating
    The NCDs proposed to be issued under the Issue have been rated [ICRA] AA+/Stable by ICRA Limited such ratings are considered to have a stable outlook.
    NCD Allocation Ratio

    Category NCD’s Reserved
    Institutional 37,500
    Non-Institutional 37,500
    HNI 300,000
    Retail 375,000
    Total NCD’s 750,000
    Coupon Rates  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7
    Frequency of Interest Payment Monthly Monthly Annual Annual Annual NA NA
    Nature Secured
    Tenor 36 months 60 months 24 months 36 months 60 months 36 months 60 months
    Coupon Rate (Retail) 7.00% 7.25% 7.00% 7.25% 7.50% NA NA
    Effective Yield (% per Annum) 7.50% 7.75% 7.50% 7.75% 8.00% 7.75% 8.00%
    Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,250.98 Rs 1,469.33

    Objects of the Issue
    The Net Proceeds raised through this Tranche I Issue will be utilized for mainly for Lending purposes & General corporate purposes.

    Period Ended Total Revenue Profit After Tax Net Worth
    31-Mar-20 9707.27 3168.7 11829
    31-Mar-21 11566.42 3818.9 15575
    31-Mar-22 12237.46 4031.3 18786
    Address of the Company
    Muthoot Finance Limited, 2 nd Floor, Muthoot Chambers,
    Opposite Saritha Theatre Complex, Banerji Road, Kochi 682 018
    Muthoot Finance Ltd NCD 2022 Lead Managers
    A.K. Capital Services Limited, 
    Muthoot Finance Ltd NCD Sep 2022 Registrar
    Link Intime India Private Ltd
    Email: [email protected]

    Muthoot Finance Ltd Tranche III NCD Oct 2022 Analysis & Guidance: The company has strong fundamentals and can be ranked as India’s No.1 Gold loan company. The coupen rates are OK. The Issue have been rated [ICRA] AA+/Stable by ICRA Limited such ratings are considered to have a stable outlook. May Apply NCD.

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