Incorporated in 1997, Muthoot Fincorp Limited is a non-deposit taking NBFC. The company is primarily engaged in the business of offering personal and business loans which are secured by gold ornaments and jewellery.
The gold loan product is available for personal and business purposes to meet short-term liquidity requirements of the individuals. Currently, Company operates 3541 branches located across 20 states, including union territory of Andaman and Nicobar Islands and the national capital territory of Delhi and employed 16,025 employees including 255 contracted experts in its operations.
Some of the Gold Loan products offered by the company are:
Muthoot Blue Guide Gold loan
Muthoot Blue Bright Gold loan
Muthoot Blue Power Gold loan
Muthoot Blue Bigg Gold loan
Muthoot Blue Smart Gold loan
24×7 Express Gold loan
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. Muthoot Fincorp is also engaged in the following business:
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.
Muthoot Fincorp Limited NCD April 2020 Detail
| Issue Open | Apr 7, 2021 – Apr 29, 2021 |
| Security Name | Muthoot Fincorp Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) |
| Issue Size (Base) | Rs 200.00 Crores |
| Issue Size (Shelf) | Rs 200.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit RatingRating | The NCDs have been rated “A+ (Stable)” by CRISIL Limited |
| Tenor | |
| Series | |
| Payment Frequency | |
| Basis of Allotment | First Come First Serve Basis |
Coupon Rates for Eash Series
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | |
| Nature | Secured | Secured | Secured | Unsecured | Unsecured | Secured | Secured | Secured | Unsecured |
| Tenor | 27Months | 38Months | 60Months | 72Months | 87Months | 27Months | 38Months | 38Months | 87Months |
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Monthly | Cumulative | Cumulative | Cumulative | Cumulative |
| Coupon Rate (Retail) | 8.25% | 8.50% | 8.75% | 9.50% | 9.75% | NA | NA | NA | NA |
| Amount on Maturity | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,203 | Rs 1,370 | Rs 1,546 | Rs 2,022 |
| Effective Yeild (Annually) | 8.57% | 8.84% | 9.10% | 9.92% | 10.20% | 8.58% | 8.83% | 9.10% | 10.19% |
Company Financials
| Particulars | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 21,24,037.28 | 18,37,609.22 |
| Total Revenue | 3,75,868.09 | 3,35,376.33 |
| Profit After Tax | 25,792.81 | 37,261.16 |
Objects of the Issue:
The following objects are proposed to be financed from the Net Proceeds:
- Working capital purposes
- General corporate purposes
Registrar & Company Details
| Company Contact Information | Muthoot Fincorp Limited NCD April 2020 Registrar |
| Muthoot Fincorp Limited Muthoot Centre, TC No 14/2074-7 Punnen Road Trivandrum – 695 039 Kerala, India Phone: +91 471 491 1550 Email: cs@muthootfincorp.com Website: https://www.muthootfincorp.com/ | Integrated Registry Management Services Private Limited 2 nd Floor, Ramakrishna Street, North Usman Road, T. Nagar, Chennai – 600 017 Phone: + 91 44 2814 0801 to 803 Email: mfinipo@integratedindia.in Website: http://www.integratedindia.in/ |
