Muthoot Homefin (India) Ltd 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 Homefin (India) Ltd NCD release date, NCD issue size, subscription, Muthoot Homefin (India) Ltd NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.
Muthoot Homefin (India) Ltd NCD – April 2019 Detail
| Credit Rating | CRISIL AA/Stable by CRISIL |
| Issue Open | April 8, 2019 |
| Issue Close | May 7, 2019 |
| Issue Size (Base) | Rs. 1,500 million |
| Issue Size (Shelf) | Rs. 3,000 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 Homefin (India) Ltd NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | Muthoot Homefin (India) Ltd |
| 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 | Milestone Trusteeship Services Private Limited |
Muthoot Homefin (India) Ltd NCD Dates
The opening and the closing date of Muthoot Homefin (India) Ltd NCD is April 8, 2019 to May 7, 2019.
Muthoot Homefin (India) Ltd NCD Subscription
| Day / Date | QIB Category 1 | NII Category 2 | HNI Category 3 | RII Category 4 | Total Subscription |
| 1st – 10th Day : till 19th Sept | |||||
| 10th – 20th Day : till | |||||
| 20th – 30th Day : till | |||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Muthoot Homefin (India) Ltd NCD Allotment Status
Here, you can find the Allotment Status of this NCD.
Muthoot Homefin (India) Ltd 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 Homefin (India) Ltd 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 Homefin (India) Ltd NCD Offered
| NCD’s Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 3,00,000 |
| NII – Category 2 | 3,00,000 |
| HNI – Category 3 | 9,00,000 |
| RII – Category 4 | 15,00,000 |
| Total NCD’s | 30,00,000 |
Muthoot Homefin (India) Ltd NCD Coupon Rates
| Series | I | II | III | IV | V | VI | VII | VIII | IX | X |
| Frequency of Payment |
Monthly | Monthly | Monthly | Annually | Annually | Annually | NA | NA | NA | NA |
| Who Can Apply |
All Categories of Investors(Categories I,II,III & IV) | |||||||||
| Minimum Application |
₹10,000(10 NCDs) | |||||||||
| Face Value Issue Price |
₹1,000 | |||||||||
| In Multiples of (₹) |
₹1000 (1 NCD) | |||||||||
| Tenor | 24 months |
38 months |
60 months |
24 months |
38 months | 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 |
₹ 1,000.0 0 |
₹ 1,000.0 0 |
₹ 1,000.0 0 |
₹ 1,000.0 0 |
₹ 1,000.0 0 |
₹ 1,000.0 0 |
₹ 1,193.5 6 |
₹ 1,333.7 2 |
₹ 1,592.2 9 |
₹ 2,000.0 0 |
| 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 Homefin (India) Ltd 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 Homefin (India) Ltd – Company Overview
They are a non-deposit taking housing finance company and were registered with the National Housing Bank (“NHB”) on May 19, 2014. They were incorporated on August 26, 2011 and are currently the wholly owned subsidiary of Muthoot Finance Limited (“MFL”), which is one of India’s largest gold financing companies by loan portfolio. Accordingly, they are a part of the group with a legacy of serving customers for over 130 years.
They currently boast of a customer base consisting of 20,237 customers as of September 30, 2018. They focus on providing affordable housing loans to Lower Middle Income (“LMI”) groups and Economically Weaker Sections (“EWS”) of society in tier 2, tier 3 and tier 4 cities. Their customers comprise primarily informal and formally salaried workers and self-employed individuals.
As on September 30, 2018, 58.88% of our loan portfolio consisted of loans made to salaried individuals, 2.26% of their loan portfolio consisted of loans made to individuals who are professionals or self-employed, and 38.87% of their loan portfolio consisted of loans made to individuals who are businessmen.
As on September 30, 2018, they provided loans to customers located in 11 states and one union territory, namely Andhra Pradesh, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, and Chandigarh.
Muthoot Homefin (India) Ltd NCD Lead Managers
| Lead Managers |
| Edelweiss Financial Services Limited Edelweiss House, Off CST Road Kalina, Mumbai – 400 098 Maharashtra, India Tel: +91 22 4086 3535 Fax: +91 22 4086 3610 Email: muthoothomefin.ncd@edelweissfin.com Investor Grievance Email: customerservice.mb@edelweissfin.com Website: www.edelweissfin.com Contact Person: Lokesh Singhi/ Mandeep Singh SEBI Regn. No.: INM0000010650 |
Muthoot Homefin (India) Ltd NCD Debenture Trustee
| Debenture Trustee |
| Milestone Trusteeship Services Private Limited Co Wrks Worli, PS56, 3rd floor, Birla Centurion Century Mills Compound, Pandurang Budhakar Marg Worli, Mumbai – 400 030 Maharashtra, India Tel: 91 22 6288 6119, +91 22 6288 6120 Email: compliance@milestonetrustee.in Investor Grievance Email: investorgrievances@milestonetrustee.in Website: www.milestonetrustee.in Contact Person: Jagdish Kondur SEBI Regn. No.: IND000000544 |
Muthoot Homefin (India) Ltd NCD Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park LBS Marg, Vikhroli (West) Mumbai- 400 083, Maharashtra, India Tel: +91 22 4918 6200 Fax: +91 22 4918 6195 Email: mhfil.ncd@linkintime.co.in Investor Grievance Email: mhfil.ncd@linkintime.com Contract person: Shanti Gopalkrishnan Website: www.linkintime.co.in SEBI Regn. No.: INR000004058 |
Muthoot Homefin (India) Ltd NCD Ratings
The NCDs proposed to be issued under this Issue have been rated “CRISIL AA/Stable” by CRISIL for an amount of up to ₹3,000.00 million pursuant to their letter dated March 1, 2019 and revalidated by their letter dated March 20, 2019.
The rating of AA/Stable indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
Muthoot Homefin (India) Ltd NCD News
News 1 – Download RHP Prospectus
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