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| Issue Size (Base) | ₹400.00 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 | 24, 36, 60 and 96 months |
| Credit Rating | CRISIL AA-/Stable |
| Series | Series I to X |
| Payment Frequency | Monthly, Annual and Cumulative |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 26,284.54 | 28,422.34 | 32,134.61 |
| Revenue | 4,101.19 | 4,355.13 | 5,151.33 |
| Profit After Tax | 397.28 | 412.55 | 646.42 |
| Net Worth | 3,034.70 | 3,731.16 | 4,257.18 |
| Reserves and Surplus | |||
| Total Borrowing |
Thomas John Muthoot, Thomas George Muthoot, and 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 | Series 9 | Series 10 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Annual | Annual | Annual | Cumulative | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 36 Months | 60 Months | 24 Months | 36 Months | 60 Months | 24 Months | 36 Months | 60 Months | 96 Months |
| Coupon (% per Annum) | 8.65% | 8.90% | 9.05% | 9.00% | 9.27% | 9.44% | NA | NA | NA | NA |
| Effective Yield (% per Annum) | 8.99% | 9.26% | 9.43% | 8.99% | 9.26% | 9.43% | 8.99% | 9.26% | 9.43% | 9.05% |
| 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 1,188.00 | Rs 1,305.00 | Rs 1,570.00 | Rs 2,001.00 |
The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited.
Muthoot Fincorp Limited was established in 1997. It is an RBI registered non-deposit taking systemic NBFC. The company is one of the leading providers of gold loans in the Indian market. The personal and business loans offered by the Company, secured by gold jewellery and ornaments (“Gold Loans”), are structured to serve 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 needs.
The company has been in the gold loan business for over two decades and is headquartered in Kerala, India. The company offers retail loan products, which are primarily 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 '“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. The “Smart Plus Gold Loan”, the Company's other gold loan option, is specifically for working customers and has a term of up to 24 months.
The Company’s subsidiaries are engaged in the following businesses:
