Muthoot Fincorp NCD Bonds 2021 are Open on 30 September 2021 and to close on 26 October 2021. The Company will offer 10.20% interest rates on the NCD Bonds. And NCD tenure will be applicable for 27 months, 38 months, 60 months, 72 months, and 87 months. The company will raise a Base fund of ₹200 crores and Shelf Fund ₹200 through this NCD, the company has fixed the NCD price band at ₹1000 for this according to the face value of ₹1000.
Muthoot Fincorp is one of India’s leading NBFCs. As the flagship company of Muthoot Pappachan Group (also known as Muthoot Blue), we have inherited values & principles and have taken the 134+ years legacy forward to empower millions of Indians in their grit & determination to rise above their ordinariness towards an aureate tomorrow. With over 3600 branches across India, we endeavor to serve over 100,000 customers a day.
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Muthoot Fincorp Including our other Group-companies products, we offer our target customer an extensive array of financial products & services, like Gold Loans, Small Business Loans, Affordable Housing Loans, Two-wheeler Loans, Used-car Loans, Domestic Money Transfer, International Remittance, Foreign Exchange, Insurance Products & Services, Wealth Management Services for the common, Affordable Gold Jewelry and more. Each of these branches is like a financial super-market helping our customer in fulfilling most of her requirements under one roof.
Muthoot Fincorp NCD Review :
■ Apply
Muthoot Fincorp NCD Security Name :
■ Muthoot Fincorp & Housing Finance Limited
Muthoot Fincorp NCD Security Type :
■ Secured and/or Unsecured, redeemable, non-convertible debentures
Muthoot Fincorp NCD Ratings
| Agency | Rating |
| CRISIL | A+/Stable |
Muthoot Fincorp NCD Bonds Issue Details :
| Issue Open | 30 September 2021 |
| Issue Close | 26 October 2021 |
| Issue Base Size | ₹200 Cr. |
| Issue Shelf Size | ₹200 Cr. |
| Price Band | ₹1000 Per NCD |
| Face Value | ₹1000 Each NCD |
| Interest Rate | 10.20% Annual |
| Listing on | BSE, Platform |
Muthoot Fincorp NCD Market Lot :
| Market Lot : | 1 Lot |
| Minimum Lot size : | 10 NCD |
| Minimum Investment : | ₹10,000 |
Muthoot Fincorp NCD Bond Issue Tenure & Interest Rates :
| SR | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|
| Tenure | 27 Month | 38 Month | 60 Month | 72 Month | 87 Month | 27 Month | 38 Month | 60 Month | 87 Month |
| Nature | Secured | Secured | Secured | Unsecured | Unsecured | Secured | Secured | Secured | Unsecured |
| Payment | Monthly | Monthly | Monthly | Monthly | Monthly | Cumulative | Cumulative | Cumulative | Cumulative |
| Coupon Rate | 8.25% | 8.50% | 8.75% | 9.50% | 9.75% | N/A | N/A | N/A | N/A |
| Effective Yield | 8.57% | 8.84% | 9.10% | 9.92% | 10.20% | 8.58% | 8.83% | 9.10% | 10.19% |
| Maturity | 1000 | 1000 | 1000 | 1000 | 1000 | 1203 | 1307 | 1546 | 2022 |
About Muthoot Fincorp Company
We are, a non-deposit taking, systemically important NBFC registered with the RBI bearing registration no. 16.00170 dated July 23, 2002, under Section 45 IA of the RBI Act. Our Company emerged as a prominent gold loan player with 75% growth in its gold loan portfolio up to ₹39,700 lakhs in FY 2011. From FY 2014 to FY 2019, our Company has shown a significant increase in its gold loan portfolio at a compound annual growth of around 13% (Source: iMacs Report).
The personal and business loans secured by gold jewelry and ornaments (“Gold loans”) offered by our 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 our Company as of March 31, 2021, comprised approximately 36.67 lakhs loan accounts.
As of June 30, 2021, our Company operated out of 3,659 branches located across 24 states, including union territory of Andaman and Nicobar Islands and the national capital territory of Delhi, and employed 16,855 employees including 233 contracted experts in its operations. We have been engaged in the Gold loans business for over a decade and are headquartered in Kerala, India.
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Our Company provides retail loan products, primarily comprising of Gold loans. Our 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. The product of our Company, the “24×7 Express Gold loan” can be utilised by individuals who require quick loans against their gold jewelry and who have an existing loan with the Company.
This is a type of top-up loan. “Smart Plus Gold loan”, the other Gold loan variant of our Company is specifically designed for salaried customers, with tenure of up to 24 months. For Fiscal 2021, Fiscal 2020 and Fiscal 2019 revenues from our Gold loan business constituted 93.60%, 87.84 %, and 82.86% of our total income on a standalone basis as per Ind AS, respectively. For Fiscal 2021, Fiscal 2020, and Fiscal 2019 the gold loan portfolio of our Company earned an interest of ₹2,91,839.88 lakhs, ₹ 2,39,327.28 lakhs, and ₹2,05,896.50 lakhs on a standalone basis as per Ind AS, respectively
Company Promoters :
■ Thomas John Muthoo
Muthoot Fincorp Board of Directors :
| Name | Designation |
| Thomas John Muthoo | Managing Director |
| Thomas George Muthoot | Director |
| Thomas Muthoot | Executive Director and Chief Financial Officer |
| Arrattukkulam Peter Kurian | Independent Director |
| Preethi John Muthoot | Director |
| Vikraman Ampalakkat | Independent Director |
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Muthoot Fincorp NCD Lead Managers :
SMC Capitals Limited
A – 401/402, Lotus Corporate Park
Jai Coach Junction,
Off Western Express Highway
Goregaon (East), Mumbai – 400 063
Maharashtra
Tel: +91 22 6648 1818
Website: www.smccapitals.com
Email: [email protected]
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 Private Limited
II Floor, Kences Towers
No. 1 Ramakrishna Street,
North Usman Road,
T. Nagar, Chennai – 600 017, Tamil Nadu
Tel: +91 44 2814 0801 – 803
Fax: +91 44 2814 2479
Email: [email protected]
Website: www.integratedindia.in
Company Address :
Muthoot Fincorp Limited
Muthoot Centre,
TC No 14/2074-7 Punnen Road,
Trivandrum – 695 039, Kerala
Phone: +91 471 491 1550
Email: [email protected]
Website: https://www.muthootfincorp.com/
Muthoot Fincorp NCD FAQs:
What is Muthoot Fincorp NCD?
Muthoot Fincorp NCD is Security Bond.
When Muthoot Fincorp NCD will open?
The Muthoot Fincorp NCD is to open on 30 Sep 2021 – 28 Oct 2021.
What is the Muthoot Fincorp NCD Size?
Muthoot Fincorp NCD size is ₹200 Crores.
What is the issue Shelf size of Muthoot Fincorp NCD?
The Fresh issue size of Muthoot Fincorp NCD ₹200 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 Interest Rate?
The Muthoot Fincorp NCD Interest Rate is 10.20% Annual.
What is the Muthoot Fincorp NCD Allotment Date?
Muthoot Fincorp NCD allotment date is Not Declare.
What is Muthoot Fincorp NCD Listing Date?
Muthoot Fincorp NCD listing date is Not Declare. The IPO to list on BSE.
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