Muthoot Fincorp NCD Sep 2021 description – The company is a non-deposit taking, systemically important NBFC and has been engaged in the Gold loans business for over a decade. The company provides retail loan products, primarily comprising of Gold loans. Its Gold loan products include 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 and 24×7 Express Gold loan.
The product of company, the “24×7 Express Gold loan” can be utilised by individuals who require quick loans against their gold jewellery and who have an existing loan with the Company. “Smart Plus Gold loan”, the other Gold loan variant of the company is specifically designed for salaried customers, with tenure of up to 24 months.
The company emerged as a prominent gold loan player with 75% growth in its gold loan portfolio upto INR39,700 lakhs in FY 2011. From FY 2014 to FY 2019, the company has shown a significant increase in its gold loan portfolio at a compound annual growth of around 13%. 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 31 March 2021 comprised approximately 36.67 lakhs loan accounts. As of 30 June 2021, the company operated out of 3,659 branches located across 24 states, including union territory of Andaman and Nicobar Islands and the national capital territory of Delhi and employed 16,855 employees including 233 contracted experts in its operations.
Promoter of Muthoot Fincorp – Thomas John Muthoot, Thomas George Muthoot and Thomas Muthoot
Muthoot Fincorp NCD September 2021 details
| Subscription Dates | 30 September – 26 October 2021 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures AND Unsecured, Subordinated, Non-Convertible Debentures |
| Face Value | INR1,000 per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (Base) | INR200 crore |
| Issue Size (including oversubscription) | INR400 crore |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 27 months 38 months 60 months 72 months 87 months |
| Credit Rating | CRISIL A+/Stable outlook |
| Category Reservation | Category 1 (QIB): 5% Category 2 (NII): 40% Category 3 (Retail): 55% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
Muthoot Fincorp NCD September 2021 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 (Secured) | 27 months | Monthly | 8.25% | 8.50% | INR1,000 |
| Series 2 (Secured) | 38 months | Monthly | 8.50% | 8.84% | INR1,000 |
| Series 3 (Secured) | 60 months | Monthly | 8.75% | 9.10% | INR1,000 |
| Series 4 (Unsecured) | 72 months | Monthly | 9.50% | 9.92% | INR1,000 |
| Series 5 (Unsecured) | 87 months | Monthly | 9.75% | 10.20% | INR1,000 |
| Series 6 (Secured) | 27 months | Cumulative | NA | 8.58% | INR1,203 |
| Series 7 (Secured) | 38 months | Cumulative | NA | 8.83% | INR1,307 |
| Series 8 (Secured) | 60 months | Cumulative | NA | 9.10% | INR1,546 |
| Series 9 (Unsecured) | 87 months | Cumulative | NA | 10.19% | INR2.022 |
Registrar of Muthoot Fincorp Non Convertible Debentures
Integrated Registry Management Services Private Limited
II Floor, Kences Towers, No. 1 Ramakrishna Street
North Usman Road, T. Nagar, Chennai 600 017
Phone: +91 44 2814 0801 803
Fax: +91 44 2814 2479
Email: [email protected]
Website: http://www.integratedindia.in
Muthoot Fincorp NCD Documents
Muthoot Fincorp Contact Details
Muthoot Fincorp Limited
Muthoot Centre, Near Spencer Junction, M.G. Road, Trivandrum – 695 001, Kerala
Phone: +91 471 491 1430
Email: [email protected]
Website: www.muthootfincorp.com
Muthoot Fincorp NCD September 2021 Subscription Status (no. of times)
| Category 1 (QIB) | Category 2 (NII) | Category 3 (Retail) | Total | |
| 26 Oct 2021 | 0.05 | 1.41 | 3.68 | 2.59 |
| 25 Oct 2021 | 0.05 | 1.36 | 3.65 | 2.56 |
| 22 Oct 2021 | 0.05 | 1.35 | 3.63 | 2.54 |
| 21 Oct 2021 | 0.05 | 1.35 | 3.62 | 2.53 |
| 20 Oct 2021 | 0.05 | 1.34 | 3.62 | 2.53 |
| 19 Oct 2021 | 0.05 | 1.34 | 3.59 | 2.51 |
| 18 Oct 2021 | 0.05 | 1.34 | 3.59 | 2.51 |
| 14 Oct 2021 | 0.05 | 1.33 | 3.57 | 2.50 |
| 13 Oct 2021 | 0.05 | 1.33 | 3.57 | 2.50 |
| 12 Oct 2021 | 0.05 | 1.27 | 3.40 | 2.38 |
| 11 Oct 2021 | 0.05 | 1.25 | 3.27 | 2.30 |
| 8 Oct 2021 | 0.05 | 1.13 | 2.88 | 2.04 |
| 7 Oct 2021 | 0.02 | 0.95 | 2.51 | 1.76 |
| 6 Oct 2021 | 0.02 | 0.85 | 2.17 | 1.54 |
| 5 Oct 2021 | 0.02 | 0.72 | 1.86 | 1.31 |
| 4 Oct 2021 | 0.02 | 0.54 | 1.31 | 0.94 |
| 1 Oct 2021 | 0.02 | 0.49 | 1.03 | 0.76 |
| 30 Sep 2021 | 0.02 | 0.24 | 0.50 | 0.37 |
Muthoot Fincorp NCD September 2021 Allotment Status
Muthoot Fincorp NCD Sep 2021 allotment status will be updated at the website of Integrated Registry Management Services. Click on this link to get allotment status.
Muthoot Fincorp NCD Sep 2021 FAQs
What are Muthoot Fincorp NCD September 2021 offer dates?
Muthoot Fincorp NCD September 2021 offer opens on 30 September 2021 and closes on 26 October 2021. It should be noted that the NCD offer may be closed early in case of full subscription before the closing date.
What is basis of allotment in Muthoot Fincorp NCD September 2021 offer?
Muthoot Fincorp NCD’s will be allotted on a First Come First Serve Basis.
What is the face value and lot size of Muthoot Fincorp NCD September 2021?
The NCD’s will be issued at a face value of INR1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Muthoot Fincorp NCD Sep 2021?
The frequency of payment for Muthoot Fincorp NCD Sep 2021 is Monthly and Cumulative.
