
Muthoot Finance Limited is a Kerala-based gold loan NBFC company with a legacy of 800 years of the family business. The company offers a wide range of products Gold loans, Housing Finance (Home Loans), Personal loans, Insurance, Gold Coins, Money Transfer Services, Foreign Exchange, Mutual Funds, Micro Finance and Vehicle loan. It is coming up with a debt offer which is starting for subscription from February 08 to March 03, 2023. Click here to apply in the Muthoot Finance Limited NCD.
The company is raising Rs 500 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot. The NCD has received rating of [ICRA] AA+/Stable (pronounced as ICRA Double A plus rating with stable outlook) by ICRA.
Muthoot Finance Ltd has reserved 5% quota for institutional investors, 5% for non-institutional investors, 40% for high net-worth investors and 50% for retail investors.
The company will use the net proceeds from the issue for the purpose of lending and for other general corporate purposes.
These NCDs have tenures of 25 months, 37 months, and 61 months. It offers coupon rates from 8.25% to 8.60% based on the selection of investors. The frequency of interest payments will be Monthly, Annual or Cumulative as per the choice of investors. Allotment of these NCDs will be in dematerialized mode only. Application is to be made through ASBA mode only.
Check the coupon rates of NCDs of Edelweiss Financial Services Limited
Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | |
Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative |
Nature | Secured | ||||||
Tenor | 37 months | 61 months | 25 months | 37 months | 61 months | 37 months | 61 months |
Coupon Rate (Retail) | 8.25% | 8.35% | 8.25% | 8.50% | 8.60% | NA | NA |
Effective Yield (% per Annum) | 8.25% | 8.35% | 8.25% | 8.50% | 8.60% | 8.50% | 8.60% |
Amount on Maturity | Rs 1000 | Rs 1000 | Rs 1000 | Rs 1000 | Rs 1000 | Rs 1286.34 | Rs 1521.42 |
RHP:
Tax implications:
On the financial performance front, the total revenue of Muthoot Finance Limited for fiscal 2022, 2021, and 2020 were Rs. 9707.27 crore, Rs. 11566.42 crore, and Rs. 12237.46 crore, respectively.
Muthoot Finance NCD is managed by A.K. Capital Services Ltd. Link Intime India Pvt Ltd is the registrar of NCD and IDBI Trusteeship Services Limited is debenture trustee to the same.
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