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| Issue Size (Base) | ₹75.00Cr |
| Issue Size (Shelf) | ₹300.00Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE |
| Tenor | 25, 37 and 61 months |
| Credit Rating | [ICRA] AA+/Stable by ICRA Limited |
| Series | Series I to VII |
| Payment Frequency | Monthly and Annually |
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 54,881.69 | 9,707.27 | 3,168.68 |
| 31-Mar-21 | 68,641.44 | 11,566.42 | 3,818.87 |
| 31-Mar-22 | 76,316.47 | 12,237.46 | 4,031.32 |
| Amount in ₹ Crore | |||
George Thomas Muthoot, George Jacob Muthoot and George Alexander Muthoot are the company promoters.
The Company proposes to utilize the funds which are being raised through the Issue towards funding the following objects in the ratio provided as below:
| # | Issue Objects |
|---|---|
| 1 | For the purpose of lending - minimum of 75% of the amount raised and allotted in the Issue |
| 2 | For General Corporate Purposes - shall not exceed 25% of the amount raised and allotted in the Issue |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Annual | Annual | Annual | NA | NA |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 37 Months | 61 Months | 25 Months | 37 Months | 61 Months | 37 Months | 61 Months |
| Coupon (% per Annum) | 7.75% | 7.85% | 7.75% | 8.00% | 8.10% | NA | NA |
| Effective Yield (% per Annum) | 8.25% | 8.35% | 8.25% | 8.50% | 8.60% | 8.50% | 8.60% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,286.34 | Rs 1,521.42 |
The NCDs proposed to be issued under this Issue have been rated [ICRA] AA+/Stable (pronounced as ICRA Double A plus rating with stable outlook) by ICRA Limited.
Muthoot Finance Limited was originally incorporated in Kochi, Kerala as a private limited company on March 14, 1995. They provide personal loans and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but are not able to access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short - term liquidity requirements.
They have started providing unsecured loans to individuals and loans to traders and self-employed. They also provide micro-finance, housing finance, vehicle and equipment finance and insurance broking services through our subsidiaries. They believe that these services will enable us to improve our visibility, and profitability as well as increase customer presence in their branches.
Their customers are typically small businessmen, vendors, traders, farmers and salaried individuals, who for reasons of convenience, accessibility or necessity, avail of their credit facilities by pledging their gold jewellery with them rather than by taking loans from banks and other financial institutions. They provide retail loan products, primarily comprising Gold Loans.
They also rely on loans from banks and financial institutions and raise capital by issuing commercial paper and listed and credit-rated non-convertible debentures under private placement mode or through public issues to various institutional corporate, high net worth and retail investors.
