Last updated on January 24, 2021
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 Dates | 27 – 29 October 2020 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 Â per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (base) | INR100 crore |
| Issue Size (including oversubscription) | INR1,900 crore |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 38 months 60 months |
| Credit Rating | CRISIL AA/Positive ICRA (Stable) |
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 10% Category 3 (HNI): 40% Category 4 (RII): 40% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
Muthoot Finance NCD Oct 2020 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate/ Effective Yield | Maturity Amount |
| Series 1 | 38 months | Monthly | 7.15%* 7.40%** | INR1,000 |
| Series 2 | 60 months | Monthly | 7.50%* 7.75%** | INR1,000 |
| Series 3 | 38 months | Annually | 7.40%* 7.65%** | INR1,000 |
| Series 4 | 60 months | Annually | 7.75%* 8.00%** | INR1,000 |
| Series 5 | 38 months | Cumulative | 7.40%* 7.65%** | INR1,254.11* INR1,263.41** |
| Series 6 | 60 months | Cumulative | 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:Â [email protected]
Website:Â 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:Â +91 484 239 4712
Email:Â [email protected]
Website:Â 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 2020 | 22.63 | 27.54 | 58.35 | 3.29 | 29.67 |
| 28 Oct 20 | 22.63 | 27.55 | 58.43 | 5.95 | 30.77 |
| 29 Oct 2020 | 22.63 | 27.55 | 58.62 | 6.75 | 31.16 |
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.
