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Muthoot Finance Tranche II NCD 2023- Details

NCD Status: Closed [21st Sep 2023 to 27th Sep 2023]

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Muthoot Finance Tranche II NCD Detail

Muthoot Finance Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 100.00 Cr and Shelf issue size of worth Rs 2600.00 Cr. The subscription is opening from 21 Sept 2023 to 06 Oct 2023. The company issues series I to VII at an issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs) . The face value of each NCD is Rs 1000. The NCD tenor is 24, 34 and 60 months with a coupon rate ranging from 7.75% to 9.00% per annum.

Check more about the Muthoot Finance Limited including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.

Muthoot Finance Tranche II NCD Details

NCD Opening Date: 21st Sep 2023
NCD Closing Date: 27th Sep 2023
NCD Type: Secured NCD
Issue Size (Base): ₹100.00Cr
Issue Size (Shelf): ₹2600.00Cr
Face Value: Rs 1000 each NCD
Issue Price: Rs 1000 per NCD
Market Lot: 1 NCD
Min Order Qty: 10 NCD
Min Order Amount: Rs 10000
Listing at: BSE
Tenor: 24, 36, and 60 Months
Rating: [ICRA] AA+/Stable by ICRA Limited
Series: Series I to VII
Payment Frequency: Monthly and Annually
Basis of Allotment:
Interest on return:
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NCD Important Dates

Action Dates
NCD Activity Date
NCD Issue Open 21st Sep 2023
NCD Issue Close 27th Sep 2023
BSE Code: 3162
BSE Script Symbol: MFLXXXII

* - Tentative Dates

Offer Details

Category Name NCD's Reserved NCD's Allocated
Institutional 50000 5%
Non-Institutional 200000 20%
HNI 250000 25%
Retail 500000 50%

About Company - Muthoot Finance Tranche II

Muthoot Finance Limited was established in 1997 and is the largest gold loan NBFC in India by loan portfolio. It offers personal and business loans or gold loans secured by gold jewelry, primarily to individuals who own gold jewelry but are unable to obtain official credit within a reasonable period of time or who have no credit at all to meet unforeseen or other short-term liquidity needs. In addition to their gold lending business, they provide money transfer services through their branches as subagents of various registered money transfer agencies and also provide collection services. 

They have started providing unsecured loans to individuals as well as loans to tradesmen and self-employed persons. Through their subsidiaries, they also provide microfinance, housing finance, vehicle and equipment finance, and insurance brokerage services. They believe that these services will allow us to improve their visibility and profitability and increase customer presence in their branches. 

Their customers are typically small business owners, vendors, merchants, farmers and employees who, out of convenience, accessibility or necessity, utilize their credit facilities by pledging their gold jewelry with us instead of borrowing from banks and other financial institutions. They offer retail credit products, which primarily include gold loans. Their gold loans have a maximum term of 12 months.

Muthoot Finance NCD Tranche II September 2023 Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Profit After Tax3,818.874,031.423,669.77
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Muthoot Finance Tranche II NCD Objective

The Net Proceeds raised through the Tranche II Issue will be utilized for the following activities:

  1. For the purpose of lending - a 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.

Muthoot Finance Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7
Frequency of Interest PaymentMonthlyMonthlyAnnualAnnualAnnualNANA
Tenor36 Months60 Months24 Months36 Months60 Months36 Months60 Months
Coupon (% per Annum)7.75%7.75%7.75%8.00%8.00%NANA
Effective Yield (% per Annum)8.75%8.75%8.75%9.00%9.00%9.00%9.00%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,259.71Rs 1,538.62

Muthoot Finance Tranche II NCD Promoters

Mr. George Thomas Muthoot, Mr. George Jacob Muthoot, and Mr. George Alexander Muthoot are the promoters of the company.

Muthoot Finance Tranche II NCD Rating Details

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.

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Muthoot Finance Tranche II NCD Imporatant Links

  • Muthoot Finance Tranche II NCD DRHP >>Muthoot Finance Tranche II NCD Draft Prospectus is not yet available.
  • Muthoot Finance Tranche II NCD RHP >>Document
  • Muthoot Finance Tranche II NCD DRHP Shelf >>Document
  • Muthoot Finance Tranche II NCD RHP Shelf >>Document
  • Muthoot Finance Tranche II NCD Allotment Status >>Muthoot Finance Tranche II NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Muthoot Finance Limited
2nd Floor, Muthoot Chambers,
Opposite Saritha Theatre Complex,, Banerji Road, Kochi -682 018
Phone: +91 484 239 4712
Email: [email protected]

Muthoot Finance Tranche II NCD Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: [email protected]

Muthoot Finance Tranche II NCD Lead Manager

  1. A.K. Capital Services Limited
Muthoot Finance Tranche II NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for Muthoot Finance Tranche II? Should I apply in Muthoot Finance Tranche II NCD?

Last Updated on 2023-10-03T22:32:51+00:00

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