The details of the Muthoot Fincorp NCD December 2022 Public Issue
8.83% Muthoot Fincorp NCD in January 2023
Description of Muthoot Fincorp NCD January 2023 – The company is a systemically important NBFC that doesn’t take deposits and has become a major player in the gold loan market. Between FY 2016 and FY 2022, Muthoot Fincorp’s Gold Loan Portfolio grew by a lot, with a compound annual growth rate of about 15%.
The company offers personal and business loans that are secured by gold jewelry and ornaments. These loans are designed to help people who don’t have easy or quick access to formal credit or for whom credit may not be available at all meet unexpected or other short-term cash flow needs.
As of September 30, 2022, the company had about 33.23 lakh loan accounts in its Gold loan portfolio. As of September 30, 2022, the company had 3,629 branches in 25 states, including the union territory of Andaman and Nicobar Islands and the national capital territory of Delhi. It had 16,264 employees, including 148 experts who were hired on a contract basis, to run its business.
Some of the Gold Loans that the company has to offer are:
- Gold loan to Muthoot Blue Guide
- Loan from Muthoot Blue Bright Gold
- A loan from Muthoot Blue Power Gold
- Loan for Muthoot Blue Bigg Gold
- Loan from Muthoot Blue Smart Gold
- 24×7 Gold Express Loan
In addition to its Gold Loan business, the Company acts as a sub-agent for a number of registered money transfer agencies to convert foreign currency and transfer money. The following are other things that Muthoot Fincorp does:
It makes and sells wind energy through its wind farms in Tamil Nadu. It also does business in real estate through joint venture developers who use land parcels that the company owns.
Muthoot Fincorp NCD January 2023 Details
| Subscription Dates | 2 – 27 January 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Debentures |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base) | INR 200 crores |
| Overall Issue Size (including oversubscription) | INR 400 crores |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 27 months 38 months 48 months 60 months |
| Credit Rating | CRISIL AA-/Stable |
| Category Reservation | Category 1 (QIB): 5% Category 2 (NII): 35% Category 3 (Retail): 60% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE SME |
Muthoot Fincorp NCD January 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 27 months | Cumulative | NA | 8.41% | INR 1,199 |
| Series 2 | 27 months | Monthly | 8.10% | 8.40% | INR 1,000 |
| Series 3 | 38 months | Cumulative | NA | 8.57% | INR 1,297 |
| Series 4 | 38 months | Monthly | 8.25% | 8.56% | INR 1,000 |
| Series 5 | 48 months | Annual | 8.70% | 8.69% | INR 1,000 |
| Series 6 | 48 months | Monthly | 8.40% | 8.72% | INR 1,000 |
| Series 7 | 60 months | Annual | 8.80% | 8.79% | INR 1,000 |
| Series 8 | 60 months | Monthly | 8.50% | 8.83% | INR 1,000 |
Muthoot Fincorp NCD December 2022 Subscription Status
The Muthoot Fincorp NCD December 2022 was subscribed 0.19 times on Jan 2, 2023, 4:59:00 AM. The NCD subscribed 0.23 times in Retail, 0.15 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category | Subscription (times) |
|---|---|
| Retail | 0.23x |
| Non-Institutional | 0.15x |
| Institutional | 0.00x |
| Total | 0.19x |
NCD Allocation Ratio
| Category | NCD’s Allocated |
|---|---|
| Institutional | 5% |
| Non-Institutional | 35% |
| Retail | 60% |
| Category 4 | 0% |
NCD’s Offered by Category
| Category | NCD’s Reserved |
|---|---|
| Institutional | 100,000 |
| Non-Institutional | 700,000 |
| Retail | 1,200,000 |
| Category 4 | 0 |
| Total NCD’s | 2,000,000 |
Company Contact Information
Muthoot Centre,
TC No 14/2074-7 Punnen Road,
Trivandrum – 695 039, KeralaPhone: +91 471 491 1550
Email: cs@muthootfincorp.com
Website: https://www.muthootfincorp.com/
Muthoot Fincorp Non Convertible Debentures Lead Manager
SMC CAPITALS LIMITED
A-401/402, Lotus Corporate Park,
Off Western Express Highway,
Jai Coach Signal, Goregaon (East),
Mumbai – 400063, Maharashtra
Phone: +91 22 6648 1818
Email: mflncd2022@smccapitals.com
Website: www.smccapitals.com
Muthoot Fincorp Non-Convertible Debentures Registrar
INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED
II Floor, Kences Towers, No. 1 Ramakrishna Street
North Usman Road, T. Nagar
Chennai 600 017, Tamil Nadu
Phone: +91 44 28140801,802,803
Email: mfinipo@integratedindia.in
Website: www.integratedindia.in
Questions about Muthoot Fincorp NCD January 2023
Q: What is the face value of Muthoot Fincorp NCD January 2023 and how many lots are there?
The face value of each NCD will be INR 1,000, and the smallest lot size is 10 NCDs.
Q: How often does the interest on a Muthoot Fincorp NCD January 2023 get paid?
Muthoot Fincorp NCD payments come once a month, once a year, and all at once.
Q: How does the Muthoot Fincorp NCD January 2023 offer decide who gets the money?
NCDs from Muthoot Fincorp will be given out based on who gets there first.
