Muthoot Finance NCD 2022 (May Bonds 2022) are Open on 25 May 2022 and to close on 17 June 2022. The Company will offer 8% interest rates on the NCD Bonds. And NCD tenure will be applicable for 36 months, 60 months, and 84 months. The company will raise a fund of ₹200 crores through this NCD, the company has fixed the NCD price band at ₹1000 for this according to the face value of ₹1000.
Muthoot Finance Limited the largest gold loan NBFC company in India in terms of loan portfolio. Muthoot Finance Limited is “Systemically Important Non-Deposit Taking NBFC” (NBFC-ND-SI) headquartered in the south Indian state of Kerala. The company provide personal loans and business loans secured by gold jewelry, or Gold Loans, micro-finance, housing finance, vehicle and equipment finance and insurance broking services etc. The company India’s largest provider of Gold Loans. For the years ended March 31, 2019, 2020 and 2021 revenues from gold loan business constituted 97.32%, 96.81% and 95.88%.
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Objects of the Issue :
- The purpose of lending-minimum of 75% of the amount raised and allotted in the Issue
- General Corporate Purposes-shall not exceed 25% of the amount raised and allotted in the Issue
Muthoot Finance NCD Review :
■ Apply Your Own Risk
Muthoot Finance NCD Security Name :
■ Muthoot Finance Limited
Muthoot Finance NCD Security Type :
■ Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Muthoot Finance NCD Ratings
| Agency | Rating |
| ICRA | AA+/Stable |
Muthoot Finance NCD 2022 Issue Details :
| Issue Open | 25 May 2022 |
| Issue Close | 17 June 2022 |
| Issue Base Size | ₹75.00 Cr. |
| Issue Shelf Size | ₹225.00 Cr. |
| Price Band | ₹1000 Per NCD |
| Face Value | ₹1000 Each NCD |
| Interest Rate | 8% Annual |
| Listing on | BSE Platform |
Muthoot Finance NCD Market Lot :
| Market Lot : | 1 NCD |
| Minimum Lot size : | 10 NCD |
| Minimum Investment : | ₹10,000 |
Muthoot Finance NCD Bond Issue Tenure & Interest Rates :
| SR | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Tenure | 36 Month | 60 Month | 36 Month | 60 Month | 84 Month | 36 Month | 60 Month |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Interest | Monthly | Monthly | Annual | Annual | Annual | N/A | N/A |
| Coupon Rate | 7.25% | 7.50% | 7.50% | 7.75% | 8.00% | N/A | N/A |
| Effective Yield | 7.25% | 7.50% | 7.50% | 7.75% | 8.00% | 7.50% | 7.75% |
| Maturity | 1000 | 1000 | 1000 | 1000 | 1000 | 1242.30 | 1452.40 |
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Company Promoters :
■ George Thomas Muthoot
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Muthoot Finance Lead Managers :
A.K.Capital Services Limited
603,6th Floor,Windsor,Off CST Road,
Kalina, Santacruz–(East) Mumbai-400098, India
Tel:(+9122)67546500
Fax:(+9122)66100594
Email: [email protected]
Investor Grievance Email : [email protected]
Website: akgroup.co.in
Muthoot Finance NCD Debenture Trustee :
IDBI Trusteeship Services Limited
Asian Building,Ground Floor 17R,
Kamani Marg, Ballard Estate Mumbai 400001,India
Tel:(+9122)40807018
Fax:(9122)66311776
Email:[email protected]
InvestorGrievanceId: [email protected]
Website:www.idbitrustee.com
Muthoot Finance NCD Registrar :
Link Intime India Private Limited
C-101,1st Floor, 247 Park, LBS Marg,
Vikhroli West, Mumbai 400083, Maharashtra,
IndiaTel:(+9122)49186200
Fax:(+9122)49186195
Email: [email protected]
Investor Grievance Email: [email protected]
Website:www.linkintime.co.in
Company Address :
Muthoot Finance Limited
2nd Floor,Muthoot Chambers
Opposite Saritha Theatre Complex
Ernakulam 682018 Kerala,India
Tel: (+91484)2394712 Fax: (+91484)2396506
Email: [email protected]
Website: www.muthootfinance.com
Muthoot Finance NCD 2022 FAQs:
What is Muthoot Finance NCD 2022?
Muthoot Finance NCD 2022 is Security Bond.
When Muthoot Finance NCD Bonds 2022 will open?
The Muthoot Finance NCD is to open on 25 May 2022 – 17 June 2022.
What is the Muthoot Finance NCD Size?
Muthoot Finance NCD size is ₹300 Crores.
What is the issue Shelf size of Muthoot Finance NCD?
The Shelf size of Muthoot Finance NCD ₹225 Cr.
What is the issue Base size of Muthoot Finance NCD?
The Base size of Muthoot Finance NCD ₹75 Cr.
What is Muthoot Finance NCD Price Band?
Muthoot Finance NCD Price Band is ₹1000 Per NCD.
What is Muthoot Finance NCD Minimum Lot Size?
The Muthoot Finance NCD Minimum Lot Size 10.
What is Muthoot Finance NCD 2022 (May) Interest Rate?
The Muthoot Finance NCD Interest Rate is 8% Annual.
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