Muthoot Finance NCD Oct 2020

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Muthoot Finance NCD Oct 2020 description – Muthoot Finance is engaged in offering business loans secured by gold jewelry (gold loans) to meet unanticipated or other short-term liquidity requirements. The company’s primary focus is on individuals who possess gold jewelry but cannot access formal credit within a reasonable time, or for whom credit may not be available at all.

In terms of loan portfolio, Muthoot Finance is India’s largest gold financing company. As of June 2020, the company’s total loan assets (standalone) stood at INR41,296 crore and it operated 4,573 branches through the country. As of October 2020, the company had served over 70 crore customers including repeat customers and serves over 2.5 Lakh customers daily. The company is part of Kerala-based The Muthoot Group which has interests in financial services, healthcare, real estate, education, hospitality, power generation and entertainment.

Muthoot Finance NCD Oct 2020 details

Subscription Dates27 – 29 October 2020
Security TypeSecured, Redeemable, Non-Convertible Debentures
Face ValueINR1,000  per NCD
Issue PriceINR1,000 per NCD
Issue Size (base)INR100 crore
Issue Size (including oversubscription)INR1,900 crore
Minimum Lot size10 NCDs
Market Lot1 NCD
Tenor38 months
60 months
Credit RatingCRISIL AA/Positive
ICRA (Stable)
Category ReservationCategory 1 (QIB): 10%
Category 2 (NII): 10%
Category 3 (HNI): 40%
Category 4 (RII): 40%
Basis of AllotmentFirst Come First Serve
Listing OnBSE

Muthoot Finance NCD Oct 2020 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon Rate/
Effective Yield
Maturity Amount
Series 138 monthsMonthly7.15%*
7.40%**
INR1,000
Series 260 monthsMonthly7.50%*
7.75%**
INR1,000
Series 338 months Annually7.40%*
7.65%**
INR1,000
Series 460 monthsAnnually7.75%*
8.00%**
INR1,000
Series 538 monthsCumulative 7.40%*
7.65%**
INR1,254.11*
INR1,263.41**
Series 660 monthsCumulative 7.75%*
8.00%**
INR1,452.40*
INR1,469.33**

* Applicable for category 1 and 2
** Applicable for category 3 and 4

Registrar of Muthoot Finance NCD

Link Intime India Private Limited
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email[email protected]
Website: http://www.linkintime.co.in

Muthoot Finance NCD Documents

Draft Prospectus
Red Herring Prospectus

Muthoot Finance Contact Details

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

Muthoot Finance NCD Oct 2020 Subscription Status (no. of times)

Category 1 (QIB)Category 2 (NII)Category 3 (HNI)Category 4 (RII)Total
27 Oct 202022.6327.5458.353.2929.67
28 Oct 2022.6327.5558.435.9530.77
29 Oct 202022.6327.5558.626.7531.16

Muthoot Finance NCD Oct 2020 Allotment Status

Muthoot Finance NCD October 2020 allotment status will be updated at the website of Link Intime. Click on this link to get allotment status.

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