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Muthoot Fincorp Limited Tranche III


Opening Date

Dec 23, 2024

Closing Date

Jan 06, 2025

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Allotment

First Come
First Serve

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Credit Rating

CRISIL AA-/Stable CRISIL Ratings Limited

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Base Issue

₹100 Crores

Greenshoe

₹200 Crores

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Highest Yield

10.10%

Min. Investment

₹10,000

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Issue Details

Essentials

Issue price

₹1,000

Face Value

₹1,000/ NCD

Issue Size

₹300 Crores

Minimum Investment

₹10,000 (10 NCDs)

Rating

CRISIL AA-/Stable CRISIL Ratings Limited

Listing on

BSE

Issue Opening Date

Dec 23, 2024

Issue Closing Date

Jan 06, 2025

Mode of Issue

Public Issue

Registrar

Integrated Registry Management Services Private Limited

Mode of allotment and Trading

Dematerialized

About the Issuer

Muthoot Fincorp Limited is non-deposit accepting NBFC registered with the RBI bearing registration no. 16.00170 dated July 23, 2002 under Section 45 IA of the RBI Act. Muthoot Fincorp Limited was incorporated on June 10, 1997, as Muthoot Debt Management Services Limited as a public limited company under the provisions of the Companies Act, 1956. The Company received a certificate for commencement of business on July 3, 1997. Subsequently, the name of the Company was changed to Muthoot Fincorp Limited, and a fresh certificate of incorporation dated March 19, 2002 was issued to the Company by the Roc. The Company is one of the prominent gold loan players in the Indian market. The personal and business loans secured by gold jewelry and ornaments (“Gold loans”) offered by the Company 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. They have been engaged in the Gold loans business for over two decades and are headquartered in Kerala, India. The Company provides retail loan products, primarily comprising of Gold loans.

Competitive Strengths

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The Company is one of the largest Indian NBFCs engaged primarily in the Gold loans business in terms of the size of Gold loans portfolio.

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Widespread Branch Network and Strong Presence in South India.

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High-quality customer service and short response time.

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Access to a range of cost-effective funding sources.

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Experienced senior management team and a skilled workforce

Objectives for IPO Issue

For the purpose of Working Capital–- 75% of the amount raised and allotted in the Issue

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

Source: Shelf Prospectus dated August 23, 2024 and Tranche III Prospectus dated December 12, 2024

Disclaimer: Invest only after referring to the Prospectus dated 12th December 2024

Available Bonds Options

Options I II III IV V VI VII VIII IX X XI XII XIII
Nature
Secured Secured Secured Secured Secured Secured Secured Secured Secured Secured Secured Secured Secured
Tenure
24 Months 36 Months 60 Months 72 Months 24 Months 36 Months 60 Months 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
Face Value of NCDs (₹ /NCD)
₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD) ₹ 1000 (1 NCD)
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
Effective Yield (%) (per annum) for all Categories
9.38% 9.65% 9.87% 10.08% 9.40% 9.65% 9.89% 10.10% 9.40% 9.65% 9.90% 10.10% 9.50%
Redemption Amount (₹ /NCD) on maturity for Debenture Holders for all Categories
1000 1000 1000 1000 1000 1000 1000 1000 1196.84 1318.34 1603.62 1781.72 2006.00

Allocation Ratios

Particulars Institutional Portion Non-Institutional Portion High Net Worth Individual Investors Portion Retail Individual Investors Portion
% of Issue Size 5% 10% 35% 50%
Base Issue Size (in ₹ crore) 5.00 10.00 35.00 50.00
Green Issue Size (in ₹ crore) 10.00 20.00 70.00 100.00
Total Issue Size (in ₹ crore) 15.00 30.00 105.00 150.00

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