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Company was incorporated on August 26, 2011 and is currently the wholly owned subsidiary of Muthoot Finance Limited (“MFL”), which is one of India’s largest gold financing companies by loan portfolio.

Company is a part of the group with a legacy of serving customers for over 130 years. Company has a customer base consisting of 20,237 customers as at September 30, 2018. Company is a non-deposit taking housing finance company and was registered with the National Housing Bank (“NHB”) on May 19, 2014.

Company focuses on providing affordable housing loans to Lower Middle Income (“LMI”) groups and EconomicallyWeaker Sections (“EWS”) of society in tier 2, tier 3 and tier 4 cities. Company customers comprise primarily informal and formally salaried workers and self-employed individuals.

As on September 30, 2018, 58.88% of loan portfolio consisted of loans made to salaried individuals, 2.26% of loan portfolio consisted of loans made to individuals who are professionals or self-employed and 38.87% of loan portfolio consisted of loans made to individuals who are businessmen.

Muthoot Homefin (India) Limited NCD - Issue Details:

Issuer Muthoot Homefin (India) Limited (View Report)
Issue Type Secured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Monday, April 08, 2019
Issue Closes: Tuesday, May 07, 2019
Coupon Rate 9.75% p.a *
Issue Size Base Issue of Rs. 150 Crores with an option to retain oversubscription up to 150 Crores for issuance of additional NCDs aggregating up to Rs.300 Crores
Face Value Rs.1,000 per NCD
Minimum Application Size Rs.10,000 (10 NCDs) and in multiple of Rs.1,000 (1 NCD) thereafter across all Series
Credit Rating “CRISIL AA/Stable” by CRISIL
Mode of Allotment & Trading Traded compulsorily in Dematerialised Form
QIB 10% of issue size
Corporate 10% of issue size
HNI 30% of issue size
Retail Individual 50% of issue size
Listing BSE
Depositories NSDL & CDSL
Registrar Link Intime India Private Limited
Book Running Lead Managers Edelweiss Financial Services Limited
* Highest yield


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