Muthoot Fincorp Limited NCD Company Profile:
Muthoot Fincorp Limited is one of India’s premier non-banking financial companies (NBFCs) and serves as the flagship entity of the Muthoot Pappachan Group, also known as Muthoot Blue, which boasts a legacy of 134+ years. Muthoot Fincorp operates a vast network of nearly 3,600 branches across the country, facilitating transactions for approximately 100,000 customers daily. Its diverse range of products and services includes Gold Loans, Small Business Loans, Money Transfers, Foreign Exchange, and Travel Services. Acting as a financial supermarket, these branches allow customers to easily access offerings from other Muthoot Blue Group companies, such as Two-Wheeler Loans, Used Car Loans, Insurance, Chits, Affordable Housing Loans, and Affordable Gold Jewelry, making financial services more accessible to everyone.
- Gold Loans
- Special Facility Under Gold Loan
- Small Business Loan
- Business Loan
- Home Loan
- Auto Loan
- Money Transfer
- Wealth Management Services
Muthoot Fincorp Limited is coming up with a public issue by the company of secured, redeemable, non-convertible debentures of face value ₹ 1,000 each (“NCDs” or “debentures”), for an amount up to ₹100 crores (“base issue size”) with an option to retain oversubscription up to ₹200crores, aggregating up to ₹300 crores is being offered by way of this prospectus. The issue opens for subscription on Monday, December 23, 2024 and will close on Monday, January 06, 2025. The allotment is on a first come first serve basis with the minimum application to be made is of 10 NCDs.
Muthoot Fincorp Limited NCD Details :
| Issue opens: | Monday, December 23, 2024 | ||||
| Issue closes: | Monday, January 06, 2025 | ||||
| Allotment: | First Come First Serve Basis | ||||
| Face Value: | Rs.1,000 per NCD | ||||
| Nature of Instrument: | Secured Redeemable Non-Convertible Debentures | ||||
| Minimum Application: | 10 NCDs (Rs.10, 000) & in multiple of 1 NCD thereafter | ||||
| Listing: | BSE | ||||
| Credit Rating: | “CRISIL AA-/Stable” (pronounced as CRISIL double A minus rating with a Stable outlook) given by CRISIL Ratings Limited | ||||
| Issue Size: | Public issue by Muthoot Fincorp Ltd of up to 30,00,000 secured, redeemable, non-convertible debentures of face value ₹ 1,000 each, amounting up to ₹ 100 Crore (“Base Issue Size”) with an option to retain oversubscription of up to ₹ 200 Crore (“Green Shoe Option”) aggregating up to ₹ 300 Crore (“Tranche III Issue Size” or “Tranche III Issue”). | ||||
| Registrar: | Integrated Registry Management Services Private Limited | ||||
| Category | I – Institutional (“QIB”) | II – Non-Institutional (“Corporates”) | III – High Net worth
Individual (“HNI”) (Amount aggregating to above ₹ 10 lakh) |
IV – Retail Individual (“Retail”) (Amount aggregating up to and including ₹ 10 lakh) | |
| Category Allocation of the overall Issue Size | 5 % of Overall Issue Size
|
10% of Overall Issue Size
|
35% of Overall Issue Size
|
50% of Overall Issue Size
|
|
Muthoot Fincorp Limited NCD
Application form
Muthoot Fincorp Limited NCD Issue Break Up:
| Category | Allocation | Amount in Crs. | |||
| Base issue Issue | |||||
| Institutional Investors | 5% | 5 | 15 | ||
| Non Institutional Investors | 10% | 10 | 30 | ||
| HNI | 35% | 35 | 105 | ||
| Retail Individual Investors | 50% | 50 | 150 | ||
| Total | 100% | 100 | 300 | ||
Muthoot Fincorp Limited NCD Specific Terms of the Prospectus:
The terms of the NCDs offered under the Issue are as follows:
| Options | I | II | III | IV | V** | VI | VII | VIII | IX | X | XI | XII | XIII* |
| Nature | Secured | ||||||||||||
| Tenure ( in Months) | 24 Months |
36 Months |
60 Months |
72 Months |
24 Months |
36 Months |
60 Month |
72 Months |
24 Months |
36 Months |
60 Months |
72 Months |
92 Months |
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Annual | Annual | Annual | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative |
| Minimum Application | ₹ 10,000 (10 NCDs) | ||||||||||||
| In multiples, of | 1 NCD after minimum application | ||||||||||||
| Issue Price (₹ /NCD) | ₹ 1,000 (1 NCD) | ||||||||||||
| Mode of Interest Payment/ Redemption | Through various options available | ||||||||||||
| Coupon (%) per annum for all Categories | 9.00% | 9.25% | 9.45% | 9.65% | 9.40% | 9.65% | 9.90% | 10.10% | NA | NA | NA | NA | NA |
| Coupon Type | Fixed | ||||||||||||
| Redemption Amount (₹ /NCD) on maturity for Debenture Holders for all Categories*** |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,196.84 | 1,318.34 | 1,603.62 | 1,781.72 | 2,006.00 |
| Effective Yield (%) (per annum) for all Categories |
9.38% | 9.65% | 9.87% | 10.09% | 9.40% | 9.65% | 9.89% | 10.10% | 9.40% | 9.65% | 9.90% | 10.10% | 9.50% |
| Maturity/Redemption Date (Months from the Deemed Date of Allotment) | 24 Months |
36 Months |
60 Months |
72 Months |
24 Months |
36 Months |
60 Month |
72 Months |
24 Months |
36 Months |
60 Months |
72 Months |
92 Months |
| Put and Call Option | NA | ||||||||||||
| Deemed date of Allotment | Friday, January 10, 2025 | ||||||||||||
* Maximum 75 crore
** The Company would allot the Option V of NCDs, as specified in the Tranche III Prospectus to all valid Applications, wherein the Applicants have not indicated their choice of the relevant Option of NCDs
***Subject to applicable tax deducted at source
For any queries related to the NCD, you can consult the team at Elite Wealth. Since Demat is mandatory for investing in this particular NCD, the investor must open a Demat account with a trusted broker like Elite Wealth.