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| Issue Size (Base) | ₹150.00 Cr |
| Issue Size (Shelf) | ₹300.00 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, 42, 60 and 84 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 |
|---|---|---|---|
| 31-Mar-20 | 21,241.81 | 3,765.99 | 257.93 |
| 31-Mar-21 | 26,284.54 | 4,101.19 | 397.28 |
| 31-Mar-22 | 28,422.34 | 4,355.13 | 412.55 |
| Amount in ₹ Crore | |||
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 | |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 27 Months | 42 Months | 60 Months | 84 Months | 60 Months | 27 Months | 42 Months | 84 Months |
| Coupon (% per Annum) | 8.40% | 8.65% | 8.80% | 9.00% | 9.15% | NA | NA | NA |
| Effective Yield (% per Annum) | 8.71% | 9.00% | 9.15% | 9.37% | 9.15% | 8.71% | 9.00% | 9.37% |
| 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 1,207.00 | Rs 1,353.00 | Rs 1,873.00 |
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 in June 1997, The Company is one of the prominent gold loan players in the Indian market. The personal and business loans secured by gold jewellery and ornaments ("gold loans") offered by this Company are structured to serve the business and personal purposes of individuals who do not have ready or timely access to formal credit or o whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
They have been engaged in the Gold loans business for over two decades and are headquartered in Kerala, India. This Company provides retail loan products, primarily comprised of Gold loans. The gold loan products include the 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 this 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 this company is specifically designed for salaried customers, with a tenure of up to 24 months.
In addition to the Gold loan business, this Company provides foreign exchange conversion and money transfer services as sub-agents of various registered money transfer agencies. The Company is also engaged in the following business:
