Muthoot Homefin (India) Ltd NCD Dates, Size, Allotment, Subscription, DRHP & more

Let’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: [email protected]
Investor Grievance Email: [email protected]
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: [email protected]
Investor Grievance Email: [email protected]
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: [email protected]
Investor Grievance Email: [email protected]
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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