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| Issue Size (Base) | Rs 100 Cr |
| Issue Size (Shelf) | Rs 400 Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10,000 |
| Listing at | BSE |
| Tenor | 36, 60, 84 and 120 months |
| Credit Rating | ICRA AA+/Stable |
| Series | Series I to VIII |
| Payment Frequency | Monthly and Annual |
| Basis of Allotment | First Come First Serve Basis |
| Muthoot Finance Financials (₹ in Cr) | 30-Sep-2021 | 31-Mar-2020 | 31-Mar-2019 |
|---|---|---|---|
| Total Assets | ₹63,464.92 | ₹50,459.65 | ₹38,068.7 |
| Total Income | ₹10,574.36 | ₹8,722.79 | ₹6,880.63 |
| Net Profit/Loss | ₹3,722.18 | ₹3,018.3 | ₹1,972.14 |
George Alexander Muthoot, George Jacob Muthoot, and George Thomas Mutoot are the company promoters.
The net proceeds from the NCD to be utilized towards the following;
| # | Issue Objects |
|---|---|
| 1 | For the purpose of lending. |
| 2 | General corporate purposes. |
| Tenure | 36 months | 60 months | 36 months | 60 months | 84 months | 120 months | 36 months | 60 months |
| Options | I | II | III | IV | V | VI | VII | VIII |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Annual | Annual | Annual | Annual | NA | NA |
| Coupon Rate % Per Annum | 7.00% | 7.25% | 7.25% | 7.50% | '7.75% | 8.00% | 7.25% | 7.50% |
| Effective Yield (% per annum) | 7.00% | 7.25% | 7.25% | 7.50% | 7.75% | 8.00% | 7.25% | 7.50% |
| Amount on Maturity | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,233.65 | ₹1,435.63 |
ICRA has rated the instrument as AA+ with stable outlook. Instrument with such ratings presumed to have timely servicing of financial obligations.
Muthoot Finance is the largest gold loan NBFC in India in terms of its loan portfolio. It is a non-deposit-taking NBFC that provides personal loans and business loans secured by gold jewelry, or gold loans. In addition to the gold loan segment, it offers money transfer services via branches as sub-agents of various registered money transfer agencies. It further offers unsecured loans to salaried individuals, traders, and self-employed people. The business also provides micro-finance housing finance, vehicle and equipment finance, and insurance broking services. It primarily caters to the financial requirements of small businessmen, vendors, traders, farmers, and salaried individuals.
