Muthoot Fincorp NCD August 2024 is secured, redeemable, non-convertible debentures (NCDs), that are set to open for subscription on August 28, 2024. Furthermore, these NCDs offer an attractive interest rate of 10.1%. Notably, they have received a CRISIL AA-/Stable rating from CRISIL Ratings Limited. Investors, therefore, have the option to choose from tenures of 24, 36, 60, 72, or 92 months.
Table of contents
- Muthoot Fincorp NCD August 2024 Overview
- Company Details
- Tenure & Interest Rates
- Allocation Ratio
- How to apply for Muthoot Fincorp NCD August 2024?
- Muthoot Fincorp NCD August 2024 Allotment Status
- Muthoot Fincorp NCD August 2024 Registrar
- Muthoot Fincorp NCD August 2024 Lead Manager
- Muthoot Fincorp Limited Contact
- Muthoot Fincorp NCD August 2024 FAQs
Muthoot Fincorp NCD August 2024 Overview
| Security Name | Muthoot Fincorp Limited |
| Security Type | Secured NCDs |
| NCD Issue Open | August 28, 2024 |
| NCD Issue Close | September 10, 2024 |
| NCD Issue Size (Base) | ₹100.00 Crores |
| NCD Issue Size (Oversubscription) | ₹250.00 Crores |
| Tranche Issue Size | ₹350.00 Crores |
| Tranche Number | 1 |
| Issue Size (Shelf) | ₹2000.00 Crores |
| Face Value | ₹1000 per NCD |
| Minimum Lot Size | 10 NCD |
| Listing on | BSE Platform |
| Credit Rating | CRISIL AA-/Stable by CRISIL Ratings Limited |
| Tenor | 24, 36, 60, 72, and 92 Months |
| Series | Series I to XIII |
| Basis of Allotment | First Come First Serve Basis |
| Payment Frequency | Monthly, Annual, and Cumulative |
| DRHP Document | Click Here |
| RHP Document | Click Here |
Company Details
Incorporated in 1997, Muthoot Fincorp Limited is a non-deposit-taking NBFC that primarily focuses on personal and business loans secured by gold ornaments and jewelry. These gold loans, therefore, cater to both personal and business needs, providing essential short-term liquidity solutions.
As of June 30, 2024, Muthoot Fincorp’s gold loan portfolio comprised approximately 31.83 lakh loan accounts, showing an increase from 30.46 lakh accounts as of March 31, 2024. Additionally, the company operated 3,694 branches across 24 states, including the Union Territory of Andaman and Nicobar Islands and the National Capital Territory of Delhi. Moreover, it employed 23,000 people, including 97 contracted experts, in its operations.
The company offers a range of gold loan products, including:
- 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
- 24×7 Express Gold Loan
Beyond gold loans, Muthoot Fincorp also provides foreign exchange and money transfer services, acting as a sub-agent for various registered money transfer agents. Furthermore, the company is involved in the generation and sale of wind energy through its wind farms in Tamil Nadu, as well as the real estate sector through joint ventures for the development of its own properties.
Tenure & Interest Rates
| Opt | Frequency of Interest Payment | Tenure | Coupon (% PA) | Eff. Yield (% PA) | Amount on Maturity (In ₹) |
|---|---|---|---|---|---|
| Series 1 | Monthly | 24 Month | 9% | 9.38% | ₹1000.00 |
| Series 2 | Monthly | 36 Month | 9.25% | 9.65% | ₹1000.00 |
| Series 3 | Monthly | 60 Month | 9.45% | 9.87% | ₹1000.00 |
| Series 4 | Monthly | 72 Month | 9.65% | 10.09% | ₹1000.00 |
| Series 5 | Annual | 24 Month | 9.4% | 9.4% | ₹1000.00 |
| Series 6 | Annual | 36 Month | 9.65% | 9.65% | ₹1000.00 |
| Series 7 | Annual | 60 Month | 9.9% | 9.89% | ₹1000.00 |
| Series 8 | Annual | 72 Month | 10.1% | 10.1% | ₹1000.00 |
| Series 9 | Cumulative | 24 Month | NA | 9.4% | ₹1196.84 |
| Series 10 | Cumulative | 36 Month | NA | 9.65% | ₹1318.34 |
| Series 11 | Cumulative | 60 Month | NA | 9.9% | ₹1603.62 |
| Series 12 | Cumulative | 72 Month | NA | 10.1% | ₹1781.72 |
| Series 13 | Cumulative | 90 Month | NA | 9.5% | ₹2006 |
Allocation Ratio
| Category | NCD's Allocated |
|---|---|
| Institutional | 5% |
| Non-Institutional | 10% |
| HNI | 35% |
| Retail | 50% |
How to apply for Muthoot Fincorp NCD August 2024?
Investors can conveniently apply for the NCD IPO electronically via the Internet banking facility. However, this option is available only if the SCSB where the investor’s ASBA account is maintain provides this service. Consequently, investors should ensure that their SCSB offers electronic application services to take advantage of this streamlined process.
The following are the general steps to apply for an NCD IPO through SCSB:
- The investor can start by logging into their Internet banking account.
- Next, visit the ‘Investments’ section.
- Then, look for the debentures/bonds/NCD section.
- Consequently, a list of active/current NCDs will display.
- After that, select the NCD for which you wish to make an application.
- Following this, choose ASBA and enter the required NCD details.
- Finally, submit the application.
Once the application is submitted, SCSB will upload the offer on the exchange platform and block the funds from the ASBA account.
Muthoot Fincorp NCD August 2024 Allotment Status
Muthoot Fincorp NCD’s issue allotment is available on the Integrated Registry. To check, Firstly follow the steps below:
- Firstly, Visit the BSE status page for the issue application.
- Then, select the issue type, which is debt.
- Select the Issue name from the drop-down list.
- Enter your application number or PAN.
- Tick the ‘I’m not a robot’ button.
- Click on Search and check the status.
Muthoot Fincorp NCD August 2024 Registrar
Integrated Registry Management Services Private Limited
2nd Floor, Kences Towers, No.1 Ramakrishna street,
North Usman Road, TNagar, Chennai – 600017
Phone: 044 – 28140801 to 28140803
Email: yuvraj@integratedindia.in
Website: https://www.integratedregistry.in/registrarstosta.aspx?od=1
Muthoot Fincorp NCD August 2024 Lead Manager
Nuvama Wealth Management Limited
8th Floor, Wing A, Building No 3, Inspire BKC,
G Block, Bandra-Kurla Complex,Bandra East.
Phone: +91 22 4009 4400
Email: Pfc.ncd@nuvama.com
Website: https://www.nuvama.com/
Muthoot Fincorp Limited Contact
Muthoot Fincorp Limited
TC No 27/3022 Punnen Road,
Trivandrum – 695 001
Phone: +91 471 491 1550
Email: cs@muthoot.com
Website: http://www.muthootfincorp.com/
Muthoot Fincorp NCD August 2024 FAQs
The Muthoot Fincorp NCD is scheduled to open for subscription on August 28, 2024, and will close on September 10, 2024.
The price per NCD, therefore, has been set at ₹1,000.
Additionally, the total issue size amounts to ₹100 crores.
The NCDs, consequently, will be listed on the BSE platform.
You can easily apply online or offline through your existing Demat account.
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