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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.

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:

Issuer Muthoot Finance Limited (View Report)
Issue Type Secured, Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Friday, Sep 27, 2019
Issue Closes: Wednesday, Oct 30, 2019
Coupon Rate 10.00% p.a *
Issue Size Base Issue of Rs. 100 crores with an option to retain oversubscription up to Rs. 900 crores aggregating up to 1,000 crores
Face Value Rs. 1,000 per NCD
Minimum Application Size 10 NCDs (Rs. 10,000) and in the multiple of One NCD thereafter
Credit Rating ‘[ICRA] AA (Stable) by ICRA and CRISIL AA/Stable by CRISIL
Mode of Allotment & Trading In Dematerialised Form
QIB 10% of issue size
Non Institutional 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 and A. K. Capital Services Limited
* Highest yield


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