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| Issue Size (Base) | ₹200.00 Cr |
| Issue Size (Shelf) | ₹200.00 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 | 27, 38, 48 and 60 Months |
| Credit Rating | CRISIL AA-/Stable by CRISIL Ratings Limited |
| Series | Series I to VIII |
| Payment Frequency | Monthly, Annual and Cumulative |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 21241.81 | 3765.99 | 257.93 | 2653.03 |
| 31-Mar-21 | 26284.54 | 4101.19 | 397.28 | 3034.7 |
| 31-Mar-22 | 28422.34 | 4355.13 | 412.55 | 3731.16 |
| Amount in ₹ Crore | ||||
Mr. Thomas John Muthoot, Mr. Thomas George Muthoot and Mr. Thomas Muthoot are the company promoters.
The company proposes to utilise the funds which are being raised through the Issue:
| # | Issue Objects |
|---|
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Annual | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 27 months | 38 months | 48 months | 60 months | 48 months | 60 months | 27 months | 38 months |
| Coupon Rate (Retail) | 8.10% | 8.25% | 8.40% | 8.50% | 8.70% | 8.80% | NA | NA |
| Effective Yield (% per Annum) | 8.40% | 8.56% | 8.72% | 8.83% | 8.69% | 8.79% | 8.41% | 8.57% |
| Amount on Maturity | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,199.00 | Rs 1,297.00 |
The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.
Muthoot Fincorp Limited was incorporated on 1997. They have been engaged in the Gold loans business for over two decades and are headquartered in Kerala, India. The Company provides retail loan products, primarily comprising of Gold loans. Its Gold loan products include Muthoot Blue Guide Gold loan, Muthoot Blue Bright Gold loan, Muthoot Blue Power Gold loan, Muthoot Blue Bigg Gold loan, Muthoot Blue Smart Gold loan and 24x7 Express Gold loan.
The product of their Company, the '24x7 Express Gold loan' can be utilised by individuals who require quick loans against their gold jewellery and who have an existing loan with the Company. This is a type of top up loan. 'Smart Plus Gold loan', the other Gold loan variant of its Company is specifically designed for salaried customers, with tenure of up to 24 months.
This Company's subsidiaries are engaged in the following businesses:-
Muthoot Company is also authorised to act as a depository participant of CDSL as category II. This Fincorp Company is a part of the 'Muthoot Pappachan Group' which has diversified business interests ranging from hospitality, financial services, inflight catering, infrastructure for information technology, automobile sales and services and real estate.
