April 28, 2025
admin
Muthoot Fincorp NCD Tranche V April 2025 Details & Guidance
NCD Issue Opens on 29 April 2025
NCD Issue Closes on 13 May 2025
# NCD Guidance is given at the bottom of the post
About the Company:
Established in 1997, Muthoot Fincorp Limited is a non-deposit-taking Non-Banking Financial Company (NBFC), primarily engaged in providing personal and business loans secured against gold ornaments and jewelry. These gold loan products are designed to cater to short-term liquidity needs of individuals and businesses alike.
As of September 30, 2024, the company’s gold loan portfolio included approximately 33.79 lakh loan accounts, up from 30.46 lakh accounts as of March 31, 2024.
By December 31, 2024, Muthoot Fincorp operated 3,718 branches across 25 Indian states, including the Union Territory of Andaman and Nicobar Islands and the National Capital Territory of Delhi.
Key Gold Loan Products
Muthoot Fincorp offers a diverse range of gold loan products, including:
-
Muthoot Blue Guide Gold Loan
-
Muthoot Blue Bright Gold Loan
-
Muthoot Blue Power Gold Loan
-
Muthoot Blue Bigg Gold Loan
-
Muthoot Blue Smart Gold Loan
-
24×7 Express Gold Loan
Other Services and Business Segments
In addition to gold loans, the company provides foreign exchange and money transfer services as a sub-agent for various registered money transfer operators.
Muthoot Fincorp is also active in:
-
Renewable energy – through generation and sale of wind energy via its wind farms in Tamil Nadu.
-
Real estate development – via joint ventures with developers on its owned properties.
Get more details about the company @ https://www.muthootfincorp.com/
NCD Promoters:
(i) Thomas John Muthoot, (ii) Thomas George Muthoot (iii) Thomas Muthoot
NCD Rating
The NCDs proposed to be issued under this Issue have been rated CRISIL AA-/Stable by CRISIL Ratings Limited.
| Muthoot Fincorp NCD Tranche V April 2025 Detail | |
| Issue Open | April 29, 2025 – May 13, 2025 |
| Security Name | Muthoot Fincorp Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Oversubscription) | Rs 250.00 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 72 Months |
| Series | Series I to XII |
| 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 | Allocated |
| Institutional | 5% |
| Non-Institutional | 25% |
| HNI | 25% |
| Retail | 45% |
| 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 | Series 11 | Series 12 | |
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Annual | Annual | Annual | Cumulative | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 36 Months | 60 Months | 72 Months | 24 Months | 36 Months | 60 Months | 72 Months | 24 Months | 36 Months | 60 Months | 72 Months |
| Coupon (% per Annum) | 9% | 9.25% | 9.45% | 9.55% | 9.40% | 9.65% | 9.90% | 10% | NA | NA | NA | NA |
| Effective Yield (% per Annum) | 9.38% | 9.65% | 9.87% | 9.97% | 9.40% | 9.64% | 9.89% | 10% | 9.40% | 9.65% | 9.90% | 10% |
| Amount on Maturity (In Rs.) | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,196.84 | Rs 1,318.67 | Rs 1,603.62 | Rs 1,772.02 |
Muthoot Fincorp NCD Tranche V April 2025 Details & Guidance
Objects of the Issue
The following table details the objects of this Tranche III and the amount to be financed from the Net Proceeds:
- For the purpose of on-lending, financing, and repayment/prepayment of interest and principal amounts of existing loan liabilities of the Company
- General corporate purposes
.
Muthoot Fincorp NCD Tranche V April 2025
Financial Information (Restated)
| Muthoot Fincorp Limited Financial Information | |||
|
Period Ended |
03.31.24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 38,704 | 32,134 | 28,422 |
| Revenue | 6,585 | 5,151 | 4,355 |
| Profit After Tax | 1,048 | 646 | 413 |
| Net Worth | 5,796 | 4,257 | 3,731 |
| 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
Nuvama Wealth Managment Limited
NCD Registrar
NSDL Database Management Ltd
Muthoot Fincorp NCD Tranche V April 2025
Subscription Status on April 29, 2025
| Category | Subscription |
| Retail | 0.00 T |
| HNI | 0.00 T |
| Non-Institutional | 0.00 T |
| Institutional | 0.00 T |
| Total | 0.00 T |
Muthoot Fincorp NCD Tranche V April 2025
Muthoot Fincorp NCD Tranche V April 2025 Guidance
Founded in 1997, Muthoot Fincorp Limited is a well-established, non-deposit-taking Non-Banking Financial Company (NBFC) that specializes in offering personal and business loans secured by gold ornaments and jewelry. These gold loan products are tailored to meet the short-term liquidity needs of both individuals and enterprises.
As of September 30, 2024, the company’s gold loan portfolio comprised approximately 33.79 lakh loan accounts, showing growth from 30.46 lakh accounts as on March 31, 2024.
Muthoot Fincorp is a part of the Muthoot Pappachan Group (Muthoot Blue), a reputed business conglomerate with a strong legacy in financial services.
The Non-Convertible Debentures (NCDs) offered in this issue have received a credit rating of CRISIL AA-/Stable from CRISIL Ratings Limited, indicating a high degree of safety regarding timely servicing of financial obligations.
Over the past three years, the company has demonstrated robust financial performance, with consistent growth in revenue and profitability.
Offering competitive interest rates, Muthoot Fincorp’s NCDs present an attractive opportunity for investors seeking to diversify their portfolio through fixed-income instruments. This issue may particularly appeal to those looking for steady returns with moderate risk
