Muthoot Fincorp NCD Jan 2020

1

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 Dates9 January – 4 February 2020
Security TypeSecured, Redeemable, Non-Convertible Debentures
Face ValueINR1,000  per NCD
Issue PriceINR1,000 per NCD
Issue Size (base)INR250 crore
Issue Size (including oversubscription)INR480 crore
Minimum Lot size10 NCDs
Market Lot1 NCD
Tenor400 days
24 months
38 months
60 months
Credit RatingCRISIL A/Stable
BWR A+/Stable
Category ReservationCategory 1 (QIB): 5%
Category 2 (NII): 10%
Category 3 (HNI): 85%
Category 4 (RII): 0%
Basis of AllotmentFirst Come First Serve
Listing OnBSE

Muthoot Fincorp NCD Jan 2020 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon Rate/
Effective Yield
Maturity Amount
Series 1400 days Monthly 9.00%INR1,000
Series 224 monthsMonthly9.25%INR1,000
Series 338 monthsMonthly 9.40%INR1,000
Series 460 monthsMonthly9.50%INR1,000
Series 524 monthsAnnually9.65%INR1,000
Series 638 monthsAnnually9.90%INR1,000
Series 7 60 months Annually 10.00%INR1,000
Series 8 400 daysCumulative9.25%*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

Registrar of Muthoot Fincorp NCD

Integrated Registry Management Services Private Limited 
2nd Floor, “Kences Towers”
No. 1, Ramakrishna Street
North Usman Road
T. Nagar, Chennai – 600 017
Phone: +91 44 2814 0801
Email: [email protected]
Website: www.integratedindia.in

Muthoot Fincorp NCD Documents

Draft Prospectus
Tranche 1 Red Herring Prospectus

Muthoot Fincorp Contact Details

Muthoot Fincorp Limited
Muthoot Centre
Near Spencer Junction, M.G. Road,
Trivandrum – 695 001, Kerala
Phone: +91 471 491 1430
Email:  [email protected]
Website: www.muthootfincorp.com

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

Category 1 (QIB)Category 2 (NII)Category 3 (HNI)Total
23 Jan 20200.002.640.560.74
22 Jan 20200.002.520.520.69
21 Jan 20200.002.350.480.64
20 Jan 20200.002.280.470.62
17 Jan 20200.001.960.370.51
16 Jan 20200.001.610.310.43
15 Jan 20200.001.290.250.34
14 Jan 20200.001.050.200.27
13 Jan 20200.000.830.150.21
10 Jan 20200.000.460.080.12
9 Jan 2020 0.000.19 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.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here