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.
For the years ended March 31 2014, 2015, 2016, 2017 and 2018 revenues from Gold Loan business constituted 98.07%, 98.19%, 98.49% ,97.95% and 96.66% respectively, of company total income.
In addition to Gold Loans business, company provides money transfer services through its branches as sub-agents of various registered money transfer agencies and also provide collection agency services.
Muthoot Finance Limited NCD - Issue Details:
||Muthoot Finance Limited (View Report)
||Secured, Redeemable Non-Convertible Debentures
||Issue Opens: Friday, Sep 27, 2019
|Issue Closes: Wednesday, Oct 30, 2019
||10.00% p.a *
||Base Issue of Rs. 100 crores with an option to retain oversubscription up to Rs. 900 crores aggregating up to 1,000 crores
||Rs. 1,000 per NCD
|Minimum Application Size
||10 NCDs (Rs. 10,000) and in the multiple of One NCD thereafter
||‘[ICRA] AA (Stable) by ICRA and CRISIL AA/Stable by CRISIL
|Mode of Allotment & Trading
||In Dematerialised Form
||10% of issue size
||10% of issue size
||30% of issue size
||50% of issue size
||NSDL & CDSL
||Link Intime India Private Limited
|Book Running Lead Managers
||Edelweiss Financial Services Limited and A. K. Capital Services Limited
* Highest yield