Incorporated in 1997, Muthoot Finance Limited is Kerala based gold loan NBFC company with the legacy of 800 years of family business. Company is the largest gold loan company in India in terms of loan portfolio as of March 31, 2020.
Muthoot Finance has 70 Crore+ customers including repeat customers. Muthoot Finance has a network of 5,330+ branches as of December 31, 2020 with 40,000+ employees.
Services offered by Muthoot Finance Limited
- Gold Loan (Largest gold loan portfolio in India)
- Housing Finance (Home Loans)
- Personal Loan
- Insurance
- Gold Coin
- Money Transfer
- Foreign Exchnage
- NCD
- Mutual Funds
- Micro Finance
- Vehicle Loan
Muthoot Finance Limited Tranche III NCD Detail
| Issue Open | Apr 8, 2021 – Apr 12, 2021 |
| Security Name | Muthoot Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 1,600.00 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 Rating | The NCDs have been rated ‘[ICRA] AA+/ “Stable” by ICRA and “CRISIL AA+/Stable” by CRISIL |
| 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 | Series7 | Series8 | |
| Frequency of Interest Payment | Monthly | Monthly | Annually | Annually | Annually | Annually | NA | NA |
| Tenor | 38months | 60months | 26months | 38months | 60months | 120months | 38months | 60months |
| Coupon Rate | 6.85% | 7.35% | 6.60% | 7.10% | 7.60% | 8.00% | NA | NA |
| Amount on Maturity (Retail) | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs1,252.26 | Rs1,459.15 |
Company Promoters:
M G George Muthoot, George Alexander Muthoot, George Thomas Muthoot, and George Jacob Muthoot are the promoters of the company.
Objects of the Issue:
The Net Proceeds raised through the Tranche III Issue will be utilised for following activities in the ratio provided as below:
- For the purpose of lending- minimum of 75% of the amount raised and allotted in the Issue
- For General Corporate Purposes- shall not exceed 25% of the amount raised and allotted in the Issue
Registrar & Company Details
| Company Contact Information | Muthoot Finance Limited Tranche III NCD Registrar |
| Muthoot Finance Limited 2nd Floor, Muthoot Chambers, Opposite Saritha Theatre Complex, Banerji Road, Kochi 682 018, India Phone: +91 484 6690255 Email: cs@muthootgroup.com Website: https://www.muthootfinance.com | Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: mfl.ncd2020@linkintime.co.in Website: http://www.linkintime.co.in |
