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Muthoot Fincorp Limited NCD / Bonds Dates, Size, Allotment, Subscription, RHP & more

Let’s have a detailed review of the company and analytics of the Muthoot Fincorp Limited NCD release date, NCD issue size, subscription, Muthoot Fincorp Limited NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.


Muthoot Fincorp Limited NCD – September 2019 Detail

Credit Rating BWR A+/ Stable by Brickworks
Issue Open Sep 20, 2019
Issue Close Oct 18, 2019
Issue Size (Base) Rs 250.00 Crores
Issue Size (Shelf) Rs 250.00 Crores
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 400 days/24 months/36 months
Series Series I to Series VIII
Payment Frequency Monthly, Annually or Cumulative
Basis of Allotment First Come First Serve Basis


Muthoot Fincorp Limited NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security Name Muthoot Fincorp Limited NCD
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Coupon payment frequency Monthly, Annually or Cumulative
Coupon type Fixed
Tenor 400 days/24 months/36 months
Depository NSDL and CDSL
Disbursement SEBI Debt Regulations
Debenture Trustee Catalyst Trusteeship Limited

Muthoot Fincorp Limited NCD Dates

The opening and the closing date of Muthoot Fincorp Limited NCD is Sep 20, 2019, to Oct 18, 2019.


Muthoot Fincorp Limited NCD Subscription

Day / Date QIB Category 1 NII Category 2 HNI Category 3 RII Category 4 Total Subscription
1st – 10th Day : till Oct 1, 2019 0.00x

0.74x

1.01x 0.80x
10th – 20th Day : Oct 9, 2019

0.00x

0.94x 1.42x 1.09x
20th – 30th Day
Shares Offered or Net Issue 250,000 1,000,000 1,250,000 2,500,000

The shares subscribed by the public will be updated here.


Muthoot Fincorp Limited NCD Allotment Status

Here, you can find the Allotment Status of this NCD.


Muthoot Fincorp Limited NCD Share Offering

Public issue by their Company of NCDs of face value INR 1,000 each for an amount aggregating up to INR 25,000 lakhs, with an option to retain over-subscription up to INR 25,000 lakhs, aggregating up to INR 50,000 lakhs, on the terms and in the manner set forth herein

Muthoot Fincorp NCD Allocation Ratio

NCD Allocation Ratio
Category NCD’s Allocated
QIB – Category 1 10%
Corporate – Category 2 40%
HNI – Category 3 50%
RII – Category 4 0%

Muthoot Fincorp Limited NCD’s Offered

NCD’s Offered
Category NCD’s Reserved
QIB – Category 1 250,000
NII – Category 2 1,000,000
HNI – Category 3 1,250,000
RII – Category 4 0
Total NCD’s 2,500,000

Muthoot Fincorp NCD Coupon Rates

Tenure 400 Days 24 months 36months 24 months 36months 400 days 24 months 36months
Nature Secured
Options I II III IV VI VII VIII
Frequency of Interest
Payment
Monthly Monthly Monthly Annually Annually Cumulative Cumulative Cumulative
Minimum Application Rs.10,000 (10 NCDs)
In multiples, of 1 NCD after the minimum application
Face Value of NCDs (Rs.
/NCD)
Rs. 1,000
Issue Price (Rs. /NCD) Rs. 1,000
Mode of Interest
Payment/ Redemption
Through various options available
Coupon (%) per annum* 9.00% 9.25% 9.50% 9.50% 10% 9.25% 9.5% 10.00%
Coupon Type Fixed
Redemption Amount (Rs.
/NCD) for Debenture
Holders*
1,000 1,000 1,000 1,000 1,000 1,102 1,199 1,331
Effective Yield (%)(per
annum)*
9.38% 9.65% 9.92% 9.50% 10.00% 9.30% 9.95% 11.03%
Put and Call Option Not applicable

Muthoot Fincorp Limited NCD Issue Object

The Company has filed this Prospectus for a public issue of NCDs aggregating to Rs. 25,000 lakhs with an option to retain oversubscription up to Rs. 25,000 lakhs, aggregating to Rs. 50,000 lakhs.

The funds raised through this Issue, after deducting the Issue related expenses to the extent payable by their Company (the “Net Proceeds”), are estimated to be approximately Rs. 49,850 lakhs.

The Net Proceeds of the Issue are intended to be utilized by their Company for the following objects (collectively, referred to herein as the “Objects”) subject to applicable statutory and regulatory requirements:

1. For the purpose of Working Capital – 75% of the amount raised and allotted in the Issue; and

2. For General Corporate Purposes – 25% of the amount raised and allotted in the Issue


Muthoot Fincorp Limited – Company Overview

Muthoot Fincorp Limited NCDThe Company is one of the largest Indian NBFCs engaged primarily in the business of providing personal and business loans secured by gold jewellery and ornaments.

The Gold loan products are structured to serve the business and personal purposes of individuals who do not have ready or timely access to formal credit or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

The Gold loan portfolio of their Company as of June 30, 2019 comprised approximately 28.50 Lakhs loan accounts that were serviced through 3,551 branches located across 19 states, union territory of Andaman and Nicobar Islands and the national capital territory of Delhi.

They have been engaged in the Gold loans business for over a decade and are headquartered in Kerala, India. The Company provides retail loan products, primarily comprising of Gold loans.

The 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 24×7 Express Gold loan.

The product of their Company, the “24×7 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 their Company is specifically designed for salaried customers, with tenure of up to 24 months.


Muthoot Fincorp Limited NCD Lead Managers

Lead Managers
SMC Capitals Limited
A 401/402, Lotus Corporate Park
Jai Coach Junction
Off Western Express Highway, Goregaon (East)
Mumbai – 400 063, Maharashtra
Tel: +91 22 6648 1818; Fax: +91 22 6734 1697
Email: [email protected]
Investor Grievance Email:
[email protected]
Website: www.smccapitals.com
Contact person: Mr. Satish Mangutkar
SEBI Registration No.: MB/INM000011427

Muthoot Fincorp NCD Debenture Trustee

Debenture Trustee
Catalyst Trusteeship Limited
GDA House, Plot No 85
Bhusari Colony (Right), Paud Road
Pune – 411 038, Maharashtra
Tel: +91 20 2528 0081
Fax: +91 20 2528 0275
E-mail: [email protected]
Investor Grievance Email:
[email protected]
Website: www.catalysttrustee.com
Contact Person: Mr. Umesh Salvi
SEBI Registration No.: IND000000034

Muthoot Fincorp NCD Registrar to offer

Registrar to the Offer
Integrated Registry Management Services Private Limited
II Floor, Kences Towers, No. 1 Ramakrishna Street
North Usman Road, T. Nagar
Chennai – 600 017, Tamil Nadu
Tel: +91 44 2814 0801 – 803
Fax: +91 44 2814 2479
Email: [email protected]
Investor Grievance Email:
[email protected]
Website: http://www.integratedindia.in
Contact Person: Mr. Sriram S
SEBI Registration Number: INR000000544

Muthoot Fincorp Limited NCD Ratings

The NCDs proposed to be issued under this Issue have been rated “BWR A+” (BWR A-plus; Outlook: Stable)’ for an amount of ` 50,000 lakhs, by Brickwork Ratings India Private Limited (“Brickworks”) vide their letter dated August 23, 2019.

The rating of BWR A+ by Brickworks indicates that instruments with this rating are considered to have an adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.

For the rationale for these ratings, see Annexure A and B to this Prospectus. This rating is not a recommendation to buy, sell or hold securities and investors should take their own decision.

This rating is subject to revision or withdrawal at any time by the assigning rating agencies and should be evaluated independently of any other ratings.


Muthoot Fincorp Limited NCD News

News 1 – RHP Prospectus [Download]


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