Muthoot Fincorp NCD issueMuthoot Fincorp NCD October Tranche II 2023 Details

    NCD Issue Opens on 13 October 2023
    NCD Issue Closes on 27 October 2023 


    # NCD Guidance will given at the bottom of the post

    About the Company:

    Muthoot Fincorp is a non-deposit taking, systemically important NBFC registered with the RBI bearing registration no. 16.00170 dated July 23, 2002, under Section 45 IA of the RBI Act. The Company is one of the prominent gold loan players in the Indian market. The personal and business loans secured by gold jewellery and ornaments (“Gold loans”) offered by the Company are structured to serve the business and personal purposes of individuals who do not have ready or timely access to formal credit or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

    The Gold loan portfolio of the Company as of March 31, 2023, comprised approximately 31.40 lakhs loan accounts. As of March 31, 2023, the Company operated out of 3,619 branches located across24 states, including union territory of Andaman and Nicobar Islands and the national capital territory of Delhi and employed 18509 employees including 138contracted experts in its operations. It has been engaged in the Gold loans business for over two decades and are headquartered in Kerala, India. The Company provides retail loan products, primarily comprising of Gold loans.

    Get more details about the company @

    NCD Promoter: Thomas John Muthoot, Thomas George Muthoot, and Thomas Muthoot

    NCD Rating
    The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

    Muthoot Fincorp NCD October Tranche II 2023 Detail
    Issue Open October 13, 2023 – October 27, 2023
    Security Name Muthoot Fincorp Limited
    Security Type  
    Issue Size (Base) Rs 225.00 Crores
    Issue Size (Shelf) Rs 1,100.00 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 CRISIL AA- /Stable by CRISIL Ratings Limited
    Tenor 24, 36, 60 and 96 Months
    Series Series I to X
    Payment Frequency Monthly, Annual and Cumulative
    Basis of Allotment First Come First Serve Basis
    Debenture Trustee/s Vardhman Trusteeship Private Limited
    NCD Allocation Ratio  
    Category  NCD’s Allocated
    Institutional 5%
    Non-Institutional 35%
    HNI 0%
    Retail 60%
    Total 100%
    NCD’s Offered by Category
    Category  NCD’s Reserved
    Institutional 112500
    Non-Institutional 787500
    Retail 1350000
    Category 4 0
    Total NCD’s 2250000
    Muthoot Fincorp Limited NCD Coupon Rates                
    # Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
    Frequency of Interest Payment Monthly Monthly Monthly Annual Annual Annual Cumulative Cumulative Cumulative Cumulative
    Nature Secured Secured Secured Secured Secured Secured Secured Secured Secured Secured
    Tenor 24 Months 36 Months 60 Months 24 Months 36 Months 60 Months 24 Months 36 Months 60 Months 96 Months
    Coupon (% per Annum) 8.65% 8.90% 9.05% 9.00% 9.27% 9.44% NA NA NA NA
    Effective Yield (% per Annum) 8.99% 9.26% 9.42% 8.99% 9.26% 9.43% 8.99% 9.26% 9.43% 9.05%
    Amount on Maturity (In Rs.) Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,188 Rs 1,305 Rs 1,570 Rs 2,001


    Objects of the Issue
    The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

    For the purpose of Working Capital – 75% of the amount raised and allotted in this Tranche II Issue.
    For General Corporate Purposes – 25% of the amount raised and allotted in this Tranche II Issue.


    Company Financials    
    Muthoot Fincorp Limited Financial Information
    (Restated Consolidated)
    Period Ended 31-Mar-23 31-Mar-22
    Assets 32,134.61 28,422.47
    Revenue 5,151.33 4,355.13
    Profit After Tax 646.42 412.55
    Net Worth 4,257.18 3,731.16
    Reserves and Surplus    
    Total Borrowing    
    Amount in Rs Crore

    Address of the Company
    Muthoot Fincorp Limited
    Muthoot Centre,
    TC No 27/3022 Punnen Road
    Trivandrum – 695 001

    NCD Lead Managers
    Smc Capitals Limited
    NCD Registrar
    Integrated Registry Management Services Pvt ltd

    Muthoot Fincorp NCD October Tranche II 2023
    Red Herring Prospectus

    Analysis & Guidance:
    1.Very strong company,
    2.excellent balance sheet,
    3.far sighted management and
    4. & most important, attractive rates of coupon rates.
    Apply without any hesitation.

    Muthoot Fincorp NCD October Tranche II 2023
    Subscription Status 
    On 13.10.2023 @ 5.00 pm
    Category Subscription 
    Institutional ? T
    Non-Institutional ? T
    HNI ? T
    Retail ? T
    Total ? T

    Muthoot Fincorp NCD October Tranche II 2023

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