Muthoot Fincorp NCD Jan 2022 description – The company is a non-deposit taking, systemically important NBFC which has emerged as a prominent gold loan player with 75% growth in its gold loan portfolio upto INR397 crore in FY 2011 From FY2016 to FY2021, Muthoot Fincorp has shown 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 jewellery 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 30 September 2021 comprised approximately 36.18 lakhs loan accounts. As of 30 September 2021, the company operated out of 3,658 branches located across 24 states, including union territory of Andaman and Nicobar Islands and the national capital territory of Delhi and employed 17,013 employees including 233 contracted experts in its operations.
For the half year ended 30 September 2021 and FY2021, revenues from its gold loan business constituted 94.39% and 93.60% of its total income on standalone basis as per Ind AS, respectively. 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.
Promoter of Muthoot Fincorp – Thomas John Muthoot, Thomas George Muthoot and Thomas Muthoot
Muthoot Fincorp NCD Jan 2022 details
| Subscription Dates | 5 – 28 January 2022 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (Base) | INR200 crore |
| Overall Issue Size (including oversubscription) | INR400 crore |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 27 Months 38 Months 60 Months 72 Months 96 Months |
| Credit Rating | CRISIL A+ / Stable |
| Category Reservation | Category 1 (QIB): 5% Category 2 (NII): 40% Category 3 (Retail): 55% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
Muthoot Fincorp NCD Jan 2022 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 27 months | Monthly | 8% | 8.3% | INR1,000 |
| Series 2 | 27 months | Cumulative | NA | 8.31% | INR1,197 |
| Series 3 | 38 months | Monthly | 8.25% | 8.56% | INR1,000 |
| Series 4 | 38 months | Cumulative | NA | 8.57% | INR1,297 |
| Series 5 | 60 months | Monthly | 8.5% | 8.83% | INR1,000 |
| Series 6 | 60 months | Cumulative | NA | 8.83% | INR1,527 |
| Series 7 | 72 months | Monthly | 8.75% | 9.1% | INR1,000 |
| Series 8 | 72 months | Cumulative | NA | 9.11% | INR1,687 |
| Series 9 | 96 months | Monthly | 9% | 9.37% | INR1,000 |
| Series 10 | 96 months | Cumulative | NA | 9.37% | INR2,049 |
Muthoot Fincorp Non Convertible Debentures Registrar
Integrated Registry Management Services Private Limited
II Floor, Kences Towers, No. 1 Ramakrishna Street
North Usman Road, T. Nagar, Chennai 600 017
Phone:Â +91 44 2814 0801 803
Fax:Â +91 44 2814 2479
Email:Â [email protected]
Website:Â http://www.integratedindia.in
Muthoot Fincorp NCD Documents
Muthoot Fincorp Contact Details
Muthoot Fincorp Limited
Muthoot Centre,
Near Spencer Junction,
M.G. Road, Trivandrum – 695 001, Kerala
Phone:Â +91 471 491 1430
Email:Â [email protected]
Website:Â www.muthootfincorp.com
Muthoot Fincorp NCD January 2022 Subscription Status (no. of times)
| Category 1 (QIB) | Category 2 (NII) | Category 3 (Retail) | Total | |
| 28 Jan 2022 | 0.01 | 1.54 | 3.23 | 2.39 |
| 27 Jan 2022 | 0.01 | 1.52 | 3.17 | 2.35 |
| 25 Jan 2022 | 0.01 | 1.51 | 3.13 | 2.32 |
| 24 Jan 2022 | 0.01 | 1.50 | 3.10 | 2.31 |
| 21 Jan 2022 | 0.01 | 1.49 | 3.03 | 2.26 |
| 20 Jan 2022 | 0.01 | 1.46 | 2.99 | 2.23 |
| 19 Jan 2022 | 0.01 | 1.45 | 2.95 | 2.20 |
| 18 Jan 2022 | 0.01 | 1.45 | 2.90 | 2.17 |
| 17 Jan 2022 | 0.01 | 1.44 | 2.83 | 2.13 |
| 15 Jan 2022 | 0.01 | 1.43 | 2.73 | 2.07 |
| 14 Jan 2022 | 0.01 | 1.43 | 2.73 | 2.07 |
| 13 Jan 2022 | 0.01 | 1.39 | 2.63 | 2.00 |
| 12 Jan 2022 | 0.01 | 1.35 | 2.50 | 1.92 |
| 11 Jan 2022 | 0.01 | 1.31 | 2.16 | 1.71 |
| 10 Jan 2022 | 0.01 | 1.25 | 2.00 | 1.60 |
| 7 Jan 2022 | 0.00 | 1.02 | 1.46 | 1.21 |
| 6 Jan 2022 | 0.00 | 0.58 | 1.08 | 0.83 |
| 5 Jan 2022 | 0.00 | 0.24 | 0.39 | 0.31 |
Muthoot Fincorp NCD Jan 2022 Allotment Status
Muthoot Fincorp NCD Jan 2022 allotment status will be updated at the website of Integrated Registry Management Services. Click on this link to get allotment status.
Muthoot Fincorp NCD Jan 2022 FAQs
What are Muthoot Fincorp NCD Jan 2022 offer dates?
Muthoot Fincorp NCD Jan 2022 offer opens on 5 January 2022 and closes on 28 January 2022. It should be noted that the NCD offer may be closed early in case of full subscription before the closing date.
What is basis of allotment in Muthoot Fincorp NCD Jan 2022 offer?
Muthoot Fincorp NCDs will be allotted on a First Come First Serve Basis.
What is the face value and lot size of Muthoot Fincorp NCD Jan 2022?
The NCDs will be issued at a face value of INR1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Muthoot Fincorp NCD Jan 2022?
The frequency of payment for Muthoot Fincorp NCD Jan 2022 is Monthly and Cumulative.
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