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| Issue Size (Base) | ₹500.00 Cr |
| Issue Size (Shelf) | ₹3000.00 Cr |
| 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 | AA+/Stable by ICRA. |
| Series | Series I to VII |
| Payment Frequency | Monthly and Annually |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 54881.69 | 9707.27 | 3168.68 | 11829.21 |
| 31-Mar-21 | 68641.44 | 11566.42 | 3818.87 | 15575.02 |
| 31-Mar-22 | 76316.47 | 12237.46 | 4031.32 | 18785.72 |
| Amount in ₹ Crore | ||||
George Thomas Muthoot, George Jacob Muthoot and George Alexander Muthoot are the company promoters.
The Net Proceeds raised through this Tranche V Issue will be utilised for following activities:
| # | 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 | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 37 months | 61 months | 25 months | 37 months | 61 months | 37 months | 61 months |
| Coupon Rate (Retail) | 8.25% | 8.35% | 8.25% | 8.50% | 8.60% | NA | NA |
| Effective Yield (% per Annum) | 8.25% | 8.35% | 8.25% | 8.50% | 8.60% | 8.50% | 8.60% |
| Amount on Maturity | 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.
This Company was originally incorporated at Kochi, Kerala as a private limited company on March 14, 1997. This is the largest gold loan NBFC in India in terms of loan portfolio. According to the ICRA Analytics Limited Industry Report, they were ranked the largest gold loan company in India in terms of loan portfolio as of March 31, 2021.
Muthoot Finance provides personal loans and business loans secured by gold jewelry, or Gold Loans, primarily to individuals who possess gold jewelry 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. Its branches act as the primary point of sale by assisting with their loan origination , disbursal and collection processes as well as facilitating customer interaction.
Historically, they raised capital by issuing secured non-convertible debentures called "Muthoot Gold Bonds" on a private placement basis to retail investors. they also rely on loans from banks and financial institutions as their sources of funds. As of March 31, 2021, this company had Rs 198,331.43 million as borrowings from banks and financial institutions. They also 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.
