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| Issue Size (Base) | ₹100.00 Cr |
| Issue Size (Shelf) | ₹1100.00 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 | 26, 38, 60, 72, and 94 Months |
| Credit Rating | CRISIL AA-/Stable by CRISIL Ratings Limited. |
| Series | Series I to XIII |
| Payment Frequency | Monthly, Annual and Cumulative |
Muthoot Fincorp Limited's revenue increased by 18.28% and profit after tax (PAT) rose by 56.69% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 32,134.61 | 28,422.47 |
| Revenue | 5,151.33 | 4,355.13 |
| Profit After Tax | 646.42 | 412.55 |
| Net Worth | 4,257.18 | 3,731.16 |
| Reserves and Surplus | 3,481.27 | 2,958.70 |
| Amount in ₹ Crore | ||
Thomas John Muthoot, Thomas George Muthoot, and Thomas Muthoot are the company promoters.
The Net Proceeds raised through the Tranche III Issue will be utilised for the following activities in the ratio provided below:
| # | Issue Objects |
|---|---|
| 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 |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | Series 11 | Series 12 | Series 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Annual | Annual | Annual | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 26 Months | 38 Months | 60 Months | 72 Months | 26 Months | 38 Months | 60 Months | 72 Months | 26 Months | 38 Months | 60 Months | 72 Months | 94 Months |
| Coupon (% per Annum) | 8.90% | 9.15% | 9.35% | 9.55% | 9.25% | 9.50% | 9.75% | 10.00% | NA | NA | NA | NA | NA |
| Effective Yield (% per Annum) | 9.26% | 9.54% | 9.75% | 9.97% | 9.27% | 9.52% | 9.74% | 10.00% | 9.27% | 9.52% | 9.74% | 10.00% | 9.25% |
| 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 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,212.00 | Rs 1,334.00 | Rs 1,592.00 | Rs 1,772.00 | Rs 2,000.00 |
The NCDs proposed to be issued under this Issue have been rated CRISIL AA-/Stable by CRISIL Ratings Limited.
Founded in 1997, Muthoot Fincorp Limited is gold loans provider in the Indian market. The personal and business loans ("Gold Loans") offered by the company, which are secured by gold jewellery and ornaments, are structured to serve the business and personal purposes of individuals who do not have quick or timely access to formal credit or who do not have credit available at all to meet unforeseen or other short-term liquidity requirements.
The company has been in the gold lending business for over two decades and is headquartered in Kerala, India. The company offers retail lending products consisting mainly of gold loans. Its gold loan products include Muthoot Blue Super Value Loan, Swarna Suraksha Super Value Easy Blue, Easy Max, Easy Pro, Restart India Pradhan, Easy Scale up and 24x7 Express Gold Loan. The company's 24x7 Express Gold Loan product can be availed by people who need a quick loan for their gold jewellery and already have a loan with the company. It is a type of top-up loan.
Apart from the gold loan business, the company offers foreign exchange and money transfer services as a sub agent of various registered money transfer agencies. Your Company is also engaged in the following businesses:
