Muthoot Fincorp NCD 2022 (August Bond) are Open on 05 August 2022 1 September 2022. The Company will offer 9.09% interest rates on the NCD Bonds. And NCD tenure will be applicable for 27 months, 38 months, 48 months, and 96 months. The company will raise a fund Base fund of ₹250 crore and shelf fund of ₹250 through this NCD. the company has fixed the NCD price band at ₹1000 for this according to the face value of ₹1000.
Muthoot Fincorp Limited is a non-deposit taking NBFC company. The Company is one of the prominent gold loan players in the Indian market. From FY2016 to FY2022, 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 (“Gold loans”).
The Company provides retail loan products, primarily comprising of Gold loans. The company Gold loan products include 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 and 24×7 Express Gold loan.
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The Gold loan portfolio of the Company as of March 31, 2022 comprised approximately 33.12 lakhs loan accounts. As of March 31, 2022, the Company operated out of 3,657 branches located across 24 states, including union territory of Andaman and Nicobar Islands and the national capital territory of Delhi and employed 17,031 employees including 199 contracted experts in its operations.
Objects of the Issue :
- The purpose of Working Capital – 75% of the amount raised and allotted in the Issue
- General Corporate Purposes – 25% of the amount raised and allotted in the Issue
Company Strenght :
- one of the largest Indian NBFCs engaged primarily in the Gold loans business
- Widespread Branch Network and Strong Presence in South India
- High-quality customer service and short response time
- Access to a range of cost-effective funding sources
- xperienced senior management team and a skilled workforce
Muthoot Fincorp NCD Review :
■ Apply
Muthoot Fincorp NCD Security Name :
■ Muthoot Fincorp Limited
Muthoot Fincorp NCD Security Type :
■ Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Muthoot Fincorp NCD Ratings
| Agency | Rating |
| CRISIL | A+/Stable |
Muthoot Fincorp NCD (August Bonds) 2022 Issue Details :
| Issue Open | 05 August 2022 |
| Issue Close | 01 September 2022 |
| Issue Base Size | ₹250 Cr. |
| Issue Shelf Size | ₹250 Cr. |
| Price Band | ₹1000 Per NCD |
| Face Value | ₹1000 Each NCD |
| Interest Rate | 9.09% Annual |
| Listing on | BSE Platform |
Muthoot Fincorp NCD 2022 Market Lot :
| Market Lot : | 1 NCD |
| Minimum Lot size : | 10 NCD |
| Minimum Investment : | ₹10,000 |
Muthoot Fincorp NCD Bond 2022 Issue Tenure & Interest Rates :
| SR | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Tenure | 27 Month | 38 Month | 48 Month | 27 Month | 38 Month | 48 Month | 96 Month |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Interest | Monthly | Monthly | Monthly | Cumulative | Cumulative | Cumulative | Cumulative |
| Coupon Rate | 8.00% | 8.25% | 8.35% | N/A | N/A | N/A | N/A |
| Effective Yield | 8.29% | 8.56% | 8.67% | 8.29% | 8.56% | 8.66% | 9.09% |
| Maturity | 1000 | 1000 | 1000 | 1,196 | 1,297 | 1,395 | 2,007 |
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Company Promoters :
■ Thomas John Muthoot
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Muthoot Fincorp Lead Managers :
■ SMC Capitals Limited
Muthoot Fincorp NCD Debenture Trustee :
Vardhman Trusteeship Private Limited
The Capital, 412 A. 4th Floor, A-Wing,
Bandra Kurla Complex, Bandra (East)
Mumbai 400 051, Maharashtra
Tel: +91 22 4264 8335
E-mail: [email protected]
Website: www.vardhmantrustee.com
Muthoot Fincorp NCD Registrar :
Integrated Registry Management Services Pvt Ltd
II Floor, Kences Towers,
No. 1 Ramakrishna Street
North Usman Road, T. Nagar
Chennai 600 017, Tamil Nadu
Tel: +91 44 28140801, 802,803
Fax: +91 44 2814 2479
Email: [email protected]
Website: www.integratedindia.in
Company Address :
Muthoot Fincorp Limited
Muthoot Centre,
TC No 27/3022, Punnen Road
Trivandrum 695 001, Kerala
Tel: +91 471 491 1550
Email: [email protected]
Website: www.muthootfincorp.com
Muthoot Fincorp NCD 2022 FAQs:
What is Muthoot Fincorp NCD 2022 ?
Muthoot Fincorp NCD 2022 is Security Bond.
When Muthoot Fincorp NCD 2022 will open?
The Muthoot Fincorp NCD 2022 to open on 05 August – 01 September 2022.
What is the Muthoot Fincorp NCD 2022 Size?
Muthoot Fincorp NCD size is ₹250 Crores.
What is the issue Shelf size of Muthoot Fincorp NCD?
The Shelf size of Muthoot Fincorp NCD ₹250 Cr.
What is the issue Base size of Muthoot Fincorp NCD?
The Base size of Muthoot Fincorp NCD ₹250 Cr.
What is Muthoot Fincorp NCD Price Band?
Muthoot Fincorp NCD Price Band is ₹1000 Per NCD.
What is Muthoot Fincorp NCD Minimum Lot Size?
The Muthoot Fincorp NCD Minimum Lot Size 10.
What is Muthoot Fincorp NCD 2022 Interest Rate?
The Muthoot Fincorp NCD Interest Rate is 9.09% Annual.
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