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| Issue Size (Base) | Rs. 125 Cr |
| Issue Size (Shelf) | Rs. 25 Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10,000 |
| Listing at | BSE, NSE |
| Tenor | 12 months and 1 day/24 months |
| Credit Rating | CRISIL A |
| Series | Series I to Series III |
| Payment Frequency | Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Muthoot Fincorp Financials (₹ in Cr) | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 |
|---|---|---|---|
| Total Assets | ₹2,804.53 | ₹2,232.10 | ₹1,918.45 |
| Total Income | ₹392.48 | ₹332.67 | ₹326.97 |
| Net Profit/Loss | ₹2.17 | ₹5.16 | ₹27.72 |
Mr. Bhupinder Singh and Bee Finance Limited, Mauritius are the company promoters.
The company aims to raise funds from the issue of secured NCD for the following objectives;
| # | Issue Objects |
|---|---|
| 1 | Lending and financing business in ordinary course of business including repayment and refinance of company's existing debts, and |
| Options | Series 1 | Series II | Series III |
|---|---|---|---|
| Frequency of Interest Payment | Cumulative | Annually | Annually |
| Tenor | 12 months and 1 day | 24 Months | 24 Months |
| Coupon Rate % Per Annum for NCD in Category I, II, III & IV | NA | 9.25% per annum compounded monthly payable annually | 9.13% per annum compounded monthly payable annually |
| Effective Yield (per annum) for NCD in Category I, II, III & IV | 9.25% | 9.65% | 9.52% |
| Amount on Maturity for NCD Holders in Category I, II, III & IV | ₹1,092.75 | ₹1000 | ₹1000 |
| Maturity / Redemption Date (Months from the Deemed Date of Allotment) | 12 months and 1 day | 24 months | 50% of the face value of NCD will be redeemed on the date occurring on expiry of 12 months from the Deemed Date of Allotment and remaining 50% will be redeemed on the date occurring on expiry of 24 months from the Deemed Date of Allotment |
| Put and Call Option | NA | NA | NA |
The issue has received "CRISIL A" rating to the debt instrument of the company with stance under "Rating watch with positive implication. An instrument with such rating is assumed to have an adequate level of safety regarding timely financial obligations payment.
InCred Financial Services is RBI registered non-deposit taking NBFC. The company is engaged in the business of offering personal loan, MSME loans, education loans, and providing related services. As on March 31, 2021, it has a total portfolio of loans worth Rs. 2,633.66 Cr (50% secured loans) that cater to a 340,264 customer base.
Competitive strengths
