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Muthoot Finance Limited is a “Systemically Important Non-Deposit Taking NBFC” (NBFC-ND-SI) headquartered in the south Indian state of Kerala.

Company operating history has evolved over a period of 79 years since M George Muthoot (the father of company Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.

Muthoot Finance Limited is the largest gold loan NBFC in India in terms of loan portfolio. According to the IMaCS Research & Analytics Industry Report, Gold Loans Market in India, 2018 (“IMaCS Industry Report 2018”), Company was ranked the largest gold loan company in India in terms of loan portfolio as of March 31, 2018.

Company Gold Loan portfolio as of September 30, 2018 comprised approximately 8.15 million loan accounts in India that it serviced through 4,370 branches across 23 states, the national capital territory of Delhi and five union territories in India. As of September 30, 2018 Company employed 23,888 persons in its operations.

Muthoot Finance Limited NCD - Issue Details:

Issuer Muthoot Finance Limited (View Report)
Issue Type Secured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Thursday, February 14, 2019
Issue Closes: Thursday, March 14, 2019
Coupon Rate 10.00% p.a *
Issue Size Base Issue of Rs. 1,000 million with an option to retain oversubscription up to Rs. 6,500 million aggregating up to Rs. 7,500 million (Tranche I Issue Size)
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 “[ICRA] AA (Stable)” and “CRISIL AA/Stable”
Mode of Allotment & Trading Traded compulsorily in Dematerialised Form
QIB 20% of issue size
Corporate 20% of issue size
HNI 30% of issue size
Retail Individual 30% of issue size
Listing BSE
Depositories NSDL & CDSL
Registrar Link Intime India Private Limited
Book Running Lead Managers Edelweiss Financial Services Limited and A. K. Capital Services Limited
* Highest yield


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