Muthoot Fincorp NCD Jan 2020

Muthoot Fincorp NCD Jan 2020 description – Headquartered in Kerala, Muthoot Fincorp is a non-deposit taking, systemically important NBFC registered with the RBI. The company has emerged as a prominent gold loan player with 75% growth in its gold loan portfolio up to INR397 crore in FY 2011. From FY 2014 to FY 2019, the company has shown a significant increase in its gold loan portfolio at a compound annual growth of around 13%. The personal and business loans secured by gold jewellery and ornaments (Gold loans) 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 September 30, 2019 comprised approximately 31.15 lakhs loan accounts that were serviced through 3,569 branches located across 20 states, union territory of Andaman and Nicobar Islands and the national capital territory of Delhi. As of September 30, 2019, the company employed 16,583 employees including 308 contracted experts in its operations.

In addition to the Gold loan business, the company provides foreign exchange conversion and money transfer services as sub-agents of various registered money transfer agencies. The company is also engaged in following businesses:

• generation and sale of wind energy through its wind farms located in Tamil Nadu; and
• real estate business through joint venture developers of the company owned land parcels;

The company’s subsidiaries are engaged in the following businesses:

• Muthoot Housing Finance Company Limited providing affordable housing loans
• Muthoot Microfin Limited, providing micro credit facility to aspiring women entrepreneurs

Promoters of Muthoot Fincorp – Thomas John Muthoot, Thomas George Muthoot and Thomas Muthoot

Muthoot Fincorp NCD Jan 2020 details

Subscription Dates	9 January – 4 February 2020
Security Type	Secured, Redeemable, Non-Convertible Debentures
Face Value	INR1,000  per NCD
Issue Price	INR1,000 per NCD
Issue Size (base)	INR250 crore
Issue Size (including oversubscription)	INR480 crore
Minimum Lot size	10 NCDs
Market Lot	1 NCD
Tenor	400 days 24 months 38 months 60 months
Credit Rating	CRISIL A/Stable BWR A+/Stable
Category Reservation	Category 1 (QIB): 5% Category 2 (NII): 10% Category 3 (HNI): 85% Category 4 (RII): 0%
Basis of Allotment	First Come First Serve
Listing On	BSE

Muthoot Fincorp NCD Jan 2020 – Options and Coupon Rates

Option	Tenure	Interest Payment	Coupon Rate/ Effective Yield	Maturity Amount
Series 1	400 days	Monthly	9.00%	INR1,000
Series 2	24 months	Monthly	9.25%	INR1,000
Series 3	38 months	Monthly	9.40%	INR1,000
Series 4	60 months	Monthly	9.50%	INR1,000
Series 5	24 months	Annually	9.65%	INR1,000
Series 6	38 months	Annually	9.90%	INR1,000
Series 7	60 months	Annually	10.00%	INR1,000
Series 8	400 days	Cumulative	9.25%*	INR1,102
Series 9	24 months	Cumulative	9.64%*	INR1,202
Series 10	38 months	Cumulative	9.90%*	INR1,348
Series 11	60 months	Cumulative	10.00%*	INR1,611

* represent effective yield as there is no coupon rate

Muthoot Fincorp NCD Jan 2020 Subscription Status (no. of times)

	Category 1 (QIB)	Category 2 (NII)	Category 3 (HNI)	Total
23 Jan 2020	0.00	2.64	0.56	0.74
22 Jan 2020	0.00	2.52	0.52	0.69
21 Jan 2020	0.00	2.35	0.48	0.64
20 Jan 2020	0.00	2.28	0.47	0.62
17 Jan 2020	0.00	1.96	0.37	0.51
16 Jan 2020	0.00	1.61	0.31	0.43
15 Jan 2020	0.00	1.29	0.25	0.34
14 Jan 2020	0.00	1.05	0.20	0.27
13 Jan 2020	0.00	0.83	0.15	0.21
10 Jan 2020	0.00	0.46	0.08	0.12
9 Jan 2020	0.00	0.19	0.03	0.04

Muthoot Fincorp NCD Jan 2020 Allotment Status

Muthoot Fincorp NCD January 2020 allotment status will be updated at the website of IntegratedIndia. Click on this link to get the allotment status.