9.44% Muthoot Fincorp NCD September 2023


Last updated on September 14, 2023

NCD Subscription Allotment Status
Muthoot Fincorp NCD September 2023

Muthoot Fincorp NCD September 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 showed 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 jewelry 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 March 2023 comprised approximately 31.40 lakhs of loan accounts. As of 31 March 2023, the company operated out of 3,619 branches located across 24 states, including the union territory of Andaman and Nicobar Islands and the national capital territory of Delhi, and employed 18,509 employees including 138 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 September 2023 Details

Subscription Dates1 – 14 September 2023
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Face ValueINR 1,000 per NCD
Issue PriceINR 1,000 per NCD
Issue Size (Base Issue)INR 100 crores
Overall Issue Size (including oversubscription)INR 400 crores
Minimum Lot Size10 NCDs
Market Lot1 NCD
Tenor24 months
36 months
60 months
96 months
Credit RatingCRISIL AA-/Stable
Category ReservationCategory 1 (QIB): 5%
Category 2 (NII): 35%
Category 3 (Retail): 60%
Basis of AllotmentFirst Come First Serve
Listing OnBSE

Muthoot Fincorp NCD September 2023 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 124 monthsMonthly8.65%8.99%INR 1,000
Series 236 monthsMonthly8.90%9.26%INR 1,000
Series 360 monthsMonthly9.05%9.43%INR 1,000
Series 424 monthsAnnual9.00%8.99%INR 1,000
Series 536 monthsAnnual9.27%9.26%INR 1,000
Series 660 monthsAnnual9.44%9.43%INR 1,000
Series 724 monthsCumulativeNA8.99%INR 1,188.0
Series 836 monthsCumulativeNA9.26%INR 1,305.0
Series 960 monthsCumulativeNA9.43%INR 1,570.0
Series 1096 monthsCumulativeNA9.05%INR 2,001.0

Muthoot Fincorp Non-Convertible Debentures Lead Manager

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

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 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 September 2023 Subscription Status (no. of times)

14 Sep 20230.011.633.912.92
13 Sep 20230.011.413.652.68
12 Sep 20230.011.343.422.52
11 Sep 20230.
8 Sep 20230.011.092.712.01
7 Sep 20230.001.042.491.86
6 Sep 20230.000.992.211.67
5 Sep 20230.000.912.051.55
4 Sep 20230.000.731.551.19
1 Sep 20230.000.320.640.50

Muthoot Fincorp NCD September 2023 Allotment Status

Muthoot Fincorp NCD September 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 September 2023 FAQs

What is the face value and lot size of Muthoot Fincorp NCD September 2023?

The NCDs will be issued at a 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 September 2023?

The frequency of payment for Muthoot Fincorp NCD is Monthly,  Annual, and cumulative.

What is the basis of allotment in Muthoot Fincorp NCD September 2023 offer?

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


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