Muthoot Finance NCD February 2023 Description – The company 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 30 September 2022 comprised approximately 8.16 million loan accounts in India that it serviced through 4,641 branches across 22 states, the national capital territory of Delhi and six union territories in India. As of 30 September 2022, it employed 27,204 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 February 2023 Details
| Subscription Dates | 8 Feb – 3 March 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base) | INR 100 crores |
| Overall Issue Size (including oversubscription) | INR 500 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 25 months 37 months 61 months |
| Credit Rating | ICRA AA+ Stable |
| Category Reservation | Category 1 (QIB): 5% Category 2 (NII): 5% Category 3 (HNI): 40% Category 4 (Retail): 50% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE SME |
Muthoot Finance NCD February 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 37 months | Monthly | 7.75% | 8.25% | INR 1,000 |
| Series 2 | 61 months | Monthly | 7.85% | 8.35% | INR 1,000 |
| Series 3 | 25 months | Annual | 7.75% | 8.25% | INR 1,000 |
| Series 4 | 37 months | Annual | 8.00% | 8.50% | INR 1,000 |
| Series 5 | 61 months | Annual | 8.10% | 8.60% | INR 1,000 |
| Series 6 | 37 months | Cumulative | NA | 8.50% | INR 1,286.34 |
| Series 7 | 61 months | Cumulative | NA | 8.60% | INR 1,521.42 |
Muthoot Finance Non-Convertible Debentures Lead Manager
A. K. CAPITAL SERVICES LIMITED
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
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: Â [email protected]
Website: www.linkintime.co.in
Muthoot Finance NCD Documents
- Muthoot Finance NCD Prospectus
- Muthoot Finance NCD Tranche V Prospectus
- Upcoming NCDs
Muthoot Finance Contact Details
MUTHOOT FINANCE LIMITED
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 February 2023 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
| 3 Mar 2023 | 0.00 | 1.24 | 1.73 | 4.63 | 3.07 |
| 2 Mar 2023 | 0.00 | 1.22 | 1.69 | 4.39 | 2.95 |
| 1 Mar 2023 | 0.00 | 1.21 | 1.66 | 4.29 | 2.87 |
| 28 Feb 2023 | 0.00 | 1.15 | 1.93 | 3.96 | 2.81 |
| 27 Feb 2023 | 0.00 | 0.87 | 1.69 | 3.56 | 2.47 |
| 24 Feb 2023 | 0.00 | 0.81 | 1.54 | 3.39 | 2.28 |
| 23 Feb 2023 | 0.00 | 0.79 | 1.43 | 3.23 | 2.22 |
| 22 Feb 2023 | 0.00 | 0.78 | 1.38 | 3.05 | 2.12 |
| 21 Feb 2023 | 0.00 | 0.77 | 1.32 | 2.88 | 2.01 |
| 20 Feb 2023 | 0.00 | 0.64 | 1.23 | 2.71 | 1.92 |
| 18 Feb 2023 | 0.00 | 0.55 | 1.15 | 2.56 | 1.77 |
| 17 Feb 2023 | 0.00 | 0.54 | 1.14 | 2.51 | 1.74 |
| 16 Feb 2023 | 0.00 | 0.52 | 1.10 | 2.29 | 1.61 |
| 15 Feb 2023 | 0.00 | 0.50 | 1.02 | 2.10 | 1.48 |
| 14 Feb 2023 | 0.00 | 0.48 | 0.60 | 1.88 | 1.21 |
| 13 Feb 2023 | 0.00 | 0.47 | 0.55 | 1.65 | 1.07 |
| 10 Feb 2023 | 0.00 | 0.35 | 0.45 | 1.22 | 0.81 |
| 9 Feb 2023 | 0.00 | 0.30 | 0.37 | 0.92 | 0.62 |
| 8 Feb 2023 | 0.00 | 0.15 | 0.31 | 0.57 | 0.42 |
Muthoot Finance NCD February 2023 Allotment Status
Muthoot Finance NCD February 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 February 2023 FAQs
What are the face value and lot size of Muthoot Finance NCD February 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 February 2023?
The frequency of payment for Muthoot Finance NCD is Monthly,  Annual & Cumulative.
What is the basis of allotment in Muthoot Finance NCD February 2023 offer?
Muthoot Finance NCDs will be allotted on a First Come First Serve Basis.
