Last updated on April 27, 2023
Muthoot Fincorp NCD April 2023 Description – The company is a non-deposit-taking, systemically important NBFC that has emerged as a prominent gold loan player. From FY 2016 to FY 2022, Muthoot Fincorp had shown a significant increase in its Gold Loan Portfolio at a compound annual growth rate of around 15%.
The personal and business loans secured by gold jewellery and ornaments 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 December 2022 comprised approximately 32.89 lakhs of loan accounts. As of 31 December 2022, the company operated out of 3,627 branches located across 24 states, including the union territory of Andaman and Nicobar Islands and the national capital territory of Delhi, and employed 15,079 employees including 168 contracted experts in its operations.
The company has been engaged in the Gold loans business for over two decades and is headquartered in Kerala, India.
Promoters of Muthoot Fincorp – Thomas John Muthoot, Thomas George Muthoot, Thomas Muthoot
Muthoot Fincorp NCD April 2023 Details
| Subscription Dates | 12 – 26 April 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 150 crores |
| Overall Issue Size (including oversubscription) | INR 300 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 27 months 42 months 60 months 84 months |
| Credit Rating | CRISIL AA-/Stable |
| Category Reservation | Category 1 (QIB): 5% Category 2 (NII): 35% Category 3 (Retail): 60% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
Muthoot Fincorp NCD April 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 27 months | Cumulative | NA | 8.71% | INR 1,207 |
| Series 2 | 27 months | Monthly | 8.40% | 8.71% | INR 1,000 |
| Series 3 | 42 months | Cumulative | NA | 9.0% | INR 1,353 |
| Series 4 | 60 months | Monthly | 8.80% | 9.15% | INR 1,000 |
| Series 5 | 60 months | Annual | 9.15% | 9.15% | INR 1,000 |
| Series 6 | 84 months | Monthly | 9.0% | 9.37% | INR 1,000 |
| Series 7 | 84 months | Cumulative | NA | 9.37% | INR 1,873 |
Muthoot Fincorp Non Convertible Debentures Lead Manager
SMC CAPITALS LIMITED
A-401/402, Lotus Corporate Park,
Off Western Express Highway,
Jai Coach Signal, Goregaon (East),
Mumbai – 400063, Maharashtra
Phone: +91 22 6648 1818
Email: [email protected]
Website: www.smccapitals.com
Muthoot Fincorp Non Convertible Debentures Registrar
INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED
II Floor, Kences Towers, No. 1 Ramakrishna Street
North Usman Road, T. Nagar
Chennai 600 017, Tamil Nadu
Phone: +91 44 28140801,802,803
Email: [email protected]
Website: www.integratedindia.in
Muthoot Fincorp Documents
Muthoot Fincorp Contact Details
MUTHOOT FINCORP LIMITED
Muthoot Centre, Near Spencer Junction,
M.G. Road, Trivandrum 695 001, Kerala
Phone: +91 471 491 1550
Email: [email protected]
Website: www.muthootfincorp.com
Muthoot Fincorp NCD April 2023 Subscription Status (no. of times)
| Date | QIB | NII | Retail | Total |
| 26 Apr 2023 | 0.04 | 0.80 | 2.17 | 1.58 |
| 24 Apr 2023 | 0.04 | 0.73 | 1.99 | 1.45 |
| 21 Apr 2023 | 0.01 | 0.64 | 1.72 | 1.26 |
| 20 Apr 2023 | 0.00 | 0.61 | 1.63 | 1.19 |
| 19 Apr 2023 | 0.00 | 0.54 | 1.45 | 1.06 |
| 18 Apr 2023 | 0.00 | 0.51 | 1.31 | 0.97 |
| 17 Apr 2023 | 0.00 | 0.44 | 1.11 | 0.82 |
| 13 Apr 2023 | 0.00 | 0.43 | 1.11 | 0.81 |
| 12 Apr 2023 | 0.00 | 0.14 | 0.30 | 0.23 |
Muthoot Fincorp NCD April 2023 Allotment Status
Muthoot Fincorp NCD April 2023 allotment status will be updated on the website of Integrated Registry Management Services. Click on this link to get allotment status.
Muthoot Fincorp NCD April 2023 FAQs
What is the face value and lot size of Muthoot Fincorp 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 Fincorp NCD April 2023?
The frequency of payment for Muthoot Fincorp NCD is Monthly,  Annual & Cumulative.
What is the basis of allotment in Muthoot Fincorp NCD April 2023 offer?
Muthoot Fincorp NCDs will be allotted on a First Come First Serve Basis.
