Muthoot Finance Limited NCD Dates, Size, Allotment, Subscription, DRHP & more
Last Updated Date: Nov 19, 2022Let’s have a detailed review of the company and analytics of the Muthoot Finance Limited NCD release date, NCD issue size, subscription, Muthoot Finance Limited NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.
Muthoot Finance Limited NCD – September 2019 Detail
| Credit Rating | ICRA AA/Stable, CRISIL AA/Stable |
| Issue Open | September 27, 2019 |
| Issue Close | October 30, 2019 |
| Issue Size (Base) | Rs. 1,000 million |
| Issue Size (Shelf) | Rs. 40,000 million |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Tenor | 24 months/ 38 months/ 60 months/ 90 months |
| Series | Series I to Series X |
| Payment Frequency | Monthly and Annual |
| Basis of Allotment |
Muthoot Finance Limited NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | Muthoot Finance Limited |
| Security Type | Secured, Non-Convertible Debentures (NCDs) |
| Coupon payment frequency | Monthly and Annual |
| Coupon type | Fixed |
| Tenor | 24 months/ 38 months/ 60 months/ 90 months |
| Depository | NSDL and CDSL |
| Disbursement | SEBI Debt Regulations |
| Debenture Trustee | IDBI Trusteeship Services Limited |
Muthoot Finance Limited NCD Dates
The opening and the closing date of Muthoot Finance Limited NCD is September 27, 2019 to October 30, 2019.
Muthoot Finance Limited NCD Subscription
| Day / Date | QIB Category 1 | NII Category 2 | HNI Category 3 | RII Category 4 | Total Subscription |
| 1st – 10th Day : till Oct 9, 2019 | 0.00x |
0.82x |
1.67x | 3.47x | 2.32x |
| 10th – 20th Day : till Oct 22, 2019 |
0.00x |
1.11x | 3.04x | 6.74x | 4.39x |
| 20th – 30th Day : till Oct 25, 2019 | 0.00x | 2.20x |
3.52x |
8.06x |
5.31x |
| Shares Offered or Net Issue | 100,000 | 100,000 | 300,000 | 500,000 | 1,000,000 |
The shares subscribed by the public will be updated here.
Muthoot Finance Limited NCD Allotment Status
Here, you can find the Allotment Status of this NCD.
Muthoot Finance Limited NCD Share Offering
Issue of 5,22,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.
Muthoot Finance Limited NCD Allocation Ratio
| NCD Allocation Ratio | |
| Category | NCD’s Allocated |
| QIB – Category 1 | 10% |
| NII – Category 2 | 10% |
| HNI – Category 3 | 30% |
| RII – Category 4 | 50% |
Muthoot Finance Limited NCD Offered
| NCD’s Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 10,00,000 |
| NII – Category 2 | 10,00,000 |
| HNI – Category 3 | 30,00,000 |
| RII – Category 4 | 50,00,000 |
| Total NCD’s | 1,00,00,000 |
Muthoot Finance Limited NCD Coupon Rates
| Series | I | II | III | IV | V | VI | VII | VIII | IX | X |
| Frequency of Interest Payment |
Monthly | Monthly | Monthly | Annually | Annually | Annually | NA | NA | NA | NA |
| Who can apply | All categories of investors | |||||||||
| Minimum Application |
Rs. 10,000 (10 NCDs) | |||||||||
| In multiples of | Rs. 1,000.00 (1 NCD) | |||||||||
| Face Value | Rs. 1,000.00 | |||||||||
| Issue Price | Rs. 1,000.00 | |||||||||
| Tenor | 24 months | 38 months | 60 months | 24 months | 38months | 60 months | 24 months | 38 months | 60 months | 90 months |
| Coupon Rate | 9.25% | 9.50% | 9.75% | 9.50% | 9.75% | 10.00% | NA | NA | NA | NA |
| Effective Yield | 9.25% | 9.50% | 9.75% | 9.50% | 9.75% | 10.00% | 9.25% | 9.50% | 9.75% | 9.67% |
| Mode of Payment | Through various options available | |||||||||
| Amount on Maturity | Rs. 1,000 | Rs. 1,000 | Rs. 1,000 | Rs. 1,000 | Rs. 1,000 | Rs. 1,000 | Rs. 1,193.56 | Rs. 1,333.72 | Rs. 1,592.29 | Rs. 2,000.00 |
| Maturity Date | 24 months | 38 months | 60 months | 24 months | 38 months | 60 months | 24 months | 38 months | 60 months | 90 months |
| Nature of indebtedness |
Secured redeemable non-convertible | |||||||||
Muthoot Finance Limited NCD Issue Object
These are the NCD Issue Objects of the company
- For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
- General corporate purposes
Muthoot Finance Limited – Company Overview
They are the largest gold loan NBFC in India in terms of loan portfolio. They provide personal loans and business loans secured by gold jewelry, or Gold Loans, primarily to individuals who possess gold jewelry but are not able to access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
Their Gold Loan portfolio as of September30,2018 comprised approximately 8.15 million loan accounts in India that they serviced through 4,370 branches across 23 states, the national capital territory of Delhi and five union territories in India. As of September 30, 2018 they employed 23,888 persons in their operations.
They are a “Systemically Important Non-Deposit Taking NBFC” (NBFC-ND-SI) headquartered in the south Indian state of Kerala. Since their formation, they have broadened the scale and geographic scope of their gold loan operations so that, as of March 31, 2012, they were India’s largest provider of Gold Loans.
In addition to their Gold Loans business, they provide money transfer services through their branches as sub-agents of various registered money transfer agencies and also provide collection agency services. They also operate three windmills in the state of Tamil Nadu.
In February 2014, they entered the business of providing cash withdrawal services through white-label ATMs to customers using cards issued to them by commercial banks and as of September 30, 2018, they operate 216 ATMs spread across 18 states.
They have started providing unsecured loans to salaried individuals, loans to traders and self-employed. They also provide micro-finance, housing finance, vehicle and equipment finance, and insurance broking services through our subsidiaries.
Muthoot Finance Limited NCD Lead Managers
| Lead Managers |
| A. K. Capital Services Limited
Edelweiss Financial Services Limited |
Muthoot Finance Limited NCD Debenture Trustee
| Debenture Trustee |
| IDBI TRUSTEESHIP SERVICES LIMITED Asian Building, Ground Floor 17 R, Kamani Marg, Ballard Estate Mumbai 400 001, India Tel: (+91 22) 4080 7000 Fax: (+91 22) 6631 1776 Investor Grievance Email: anjalee@idbitrustee.com Website: www.idbitrustee.co.in Contact Person: Anjalee Athalye SEBI Registration No.: IND000000460 CIN: U65991MH2001GOI131154 |
Muthoot Finance Limited NCD Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 247 Park, L B S Marg, Vikhroli West, Mumbai 400 089, India Tel: (+91 22) 4918 6200 Fax: (+91 22) 4918 6195 Email:mfl.ncd2019@linkintime.co.in Investor Grievance Email: mfl.ncd2019@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalakrishnan SEBI Registration No.: INR000004058 CIN: U67190MH1999PTC118368 |
Muthoot Finance Limited NCD Ratings
The NCDs proposed to be issued under this Tranche III Issue have been rated [ICRA] AA (Stable) by ICRA for an amount of upto Rs. 40,000 million vide its letter dated December 31, 2018 and further revalidated by letters dated January 30, 2019, April 24, 2019 and August 28, 2019 and have been rated CRISIL AA/Stable by CRISIL for an amount upto Rs. 40,000 million vide its letter dated January 18, 2019 and further revalidated by letters dated January 31, 2019, April 22, 2019 and September 03, 2019.
The rating of the NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations. Rating provided by ICRA and CRISIL may be suspended, withdrawn or revised at any time by the assigning rating agency and should be evaluated independently of any other rating. These ratings are not a recommendation to buy, sell or hold securities and investors should take their own decisions.
Muthoot Finance Limited NCD News
News 1 – Download RHP Prospectus
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