Muthoot Fincorp has become a significant player in the gold lending market and is a systemically important NBFC that does not accept deposits. Muthoot Fincorp demonstrated a notable increase in its Gold Loan Portfolio between FY 2016 and FY 2022, with a compound annual growth rate of almost 15%.
The personal and business loans provided by the company, which are backed by gold jewellery and ornaments, are designed to satisfy unforeseen or other short-term liquidity needs for people who do not have convenient access to formal credit or who may not be able to obtain it at all.
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 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 |
Muthoot Fincorp Company Financials
| 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 |
Muthoot Fincorp NCD Objectives
- For the purpose of Working Capital– 75% of the amount raised and allotted in the Issue.
- For General Corporate Purposes– 25% of the amount raised and allotted in the Issue
Muthoot Fincorp NCD December 2022 Prospectus
Company Contact Information
Muthoot Fincorp Limited
Muthoot Centre,
TC No 14/2074-7 Punnen Road,
Trivandrum – 695 039, Kerala
Phone: +91 471 491 1550
Email: cs@muthootfincorp.com
Website: https://www.muthootfincorp.com/
Muthoot Fincorp NCD December 2022 Registrar
Integrated Registry Management Services Private Limited
2 nd Floor,
Ramakrishna Street, North Usman Road,
T. Nagar, Chennai – 600 017
Phone: + 91 44 2814 0801 to 803
Email: mfinipo@integratedindia.in
Website: http://www.integratedindia.in/
December 2022 Lead Manager(s)
- SMC Capitals Limited
