8.60% Muthoot Finance NCD April 2023


Last updated on April 27, 2023

NCD Subscription Allotment Status
Muthoot Finance NCD April 2023

Muthoot Finance NCD April 2023 Description – Incorporated in 1997, Muthoot Finance (MFL) is the flagship company of the Kerala-based business house, and is the largest gold loan NBFC in India in terms of the loan portfolio. It provides personal loans and business loans secured by gold jewelry, or Gold Loans, primarily to individuals who possess gold jewelry but are not able to access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

Its Gold Loan portfolio as of 31 December 2022 comprised approximately 8.11 million loan accounts in India that it serviced through 4,672 branches across 22 states, the national capital territory of Delhi, and six union territories in India. As of 31 December 2022, it employed 26,399 persons in its operations.

For the years ended 31 March 2020, 2021, and 2022, revenues from the gold loan business constituted 96.81%, 95.88%, and 96.67% respectively of its total income. In addition to the Gold Loans business, the company provides money transfer services through its branches as sub-agents of various registered money transfer agencies and also provides collection agency services.

Promoters of Muthoot Finance – George Alexander Muthoot, George Jacob Muthoot, George Thomas Muthoot

Muthoot Finance NCD April 2023 Details

Subscription Dates12 – 26 April 2023
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Face ValueINR 1,000 per NCD
Issue PriceINR 1,000 per NCD
Issue Size (Base)INR 75 crores
Overall Issue Size (including oversubscription)INR 300 crores
Minimum Lot Size10 NCDs
Market Lot1 NCD
Tenor25 months
37 months
61 months
Credit RatingICRA AA+ Stable
Category ReservationCategory 1 (QIB): 5%
Category 2 (NII): 5%
Category 3 (HNI): 40%
Category 4 (Retail): 50%
Basis of AllotmentFirst Come First Serve
Listing OnBSE

Muthoot Finance NCD April 2023 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 137 monthsMonthly7.75%8.25%INR 1,000
Series 261 monthsMonthly7.85%8.35%INR 1,000
Series 325 monthsAnnual7.75%8.25%INR 1,000
Series 437 monthsAnnual8.00%8.50%INR 1,000
Series 561 monthsAnnual8.10%8.60%INR 1,000
Series 637 monthsCumulativeNA8.50%INR 1,286.34
Series 761 monthsCumulativeNA8.60%INR 1,521.42

Muthoot Finance Non-Convertible Debentures Lead Manager

603, 6th Floor, Windsor,
Off CST Road, Kalina, Santacruz – (East),
Mumbai – 400 098, India
Phone: +91 22 6754 6500
Email: [email protected]
Website: www.akgroup.co.in

Muthoot Finance Non-Convertible Debentures Registrar

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email:  [email protected]
Website: www.linkintime.co.in

Muthoot Finance NCD Documents

Muthoot Finance Contact Details

2nd Floor, Muthoot Chambers,
Opposite Saritha Theatre Complex,
Banerji Road, Kochi 682 018, India
Phone: +91 484 239 4712
Email: [email protected]
Website: www.muthootfinance.com

Muthoot Finance NCD April 2023 Subscription Status (no. of times)

26 Apr 20230.012.101.504.192.80
24 Apr 20230.012.031.434.042.70
21 Apr 20230.001.421.053.212.10
20 Apr 20230.001.290.842.891.85
19 Apr 20230.000.680.772.571.63
18 Apr 20230.000.420.712.151.38
17 Apr 20230.000.340.581.811.15
13 Apr 20230.000.330.531.601.03
12 Apr 20230.000.260.350.890.60

Muthoot Finance NCD April 2023 Allotment Status

Muthoot Finance NCD April 2023 allotment status will be updated at the website of Link Intime India Private Limited website. Click on this link to get allotment status.

Muthoot Finance NCD April 2023 FAQs

What are the face value and lot size of Muthoot Finance NCD April 2023?

The NCDs will be issued at face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.

What is the frequency of interest payment in Muthoot Finance NCD April 2023?

The frequency of payment for Muthoot Finance NCD is Monthly,  Annual & Cumulative.

What is the basis of allotment in Muthoot Finance NCD April 2023 offer?

Muthoot Finance NCDs will be allotted on a First Come First Serve Basis.


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