Muthoot Finance Limited NCD (Muthoot Finance NCD April 2018) Detail

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Muthoot Finance Limited NCD (Muthoot Finance NCD April 2018) Detail

MUTHOOT FINANCE LIMITED

ABOUT THE COMPANY:  Muthoot’s operating history has evolved over a period of 72 years since M George Muthoot (the father of the Promoters) founded a gold loan business in 1939. Presently, it is the largest gold financing company in India in terms of loanportfolio, according to the IMACS Research & analytics Report (2010).According to the IMaCS Research & Analytics Industry Report, Gold Loans Market in India, 2015 (“IMaCS Industry Report (2015)”), it was ranked the largest gold loan company in India in terms of loan portfolio. Gold Loan portfolio as of September 30, 2016 comprised approximately 7.17 million loan accounts in India that they serviced through 4,327 branches across 23 states, the national capital territory of Delhi and five union territories in India. For the years ended March 31, 2012 , 2013, 2014 2015 and 2016, revenues from Gold Loan business constituted 99.12% 98.77%, 98.07% 98.19% and 98.49% respectively, of total income. In addition to Gold Loans business, it provides money transfer services through the branches as sub-agents of various registered money transfer agencies and also provides collection agency services.

Muthoot is a ‘Systemically Important Non-deposit taking NBFC’ headquartered Kerala. In addition to Gold Loans, the company is also engaged in money transfer services through its branches as sub-agents of various registered money transfer agencies, and have commenced providing collection agency services. It also operates three windmills in the state of Tamil Nadu.

PROMOTERS OF MUTHOOT FINANCE LIMITED:

1.M G George Muthoot,
2. George Alexander Muthoot,
3. George Thomas Muthoot,
4. George Jacob Muthoot

OBJECTIVES OF THE ISSUE:

(1)For the purpose of lending- 75% of the amount raised and allotted in the Tranche I Issue
(2) For General Corporate Purposes- 25% of the amount raised and allotted in the Tranche I Issue

COMPANY STRENGHTS:

 

MUTHOOT FINANCE

(1)Established presence in the Self Employed Segment

(2)Healthy asset quality reinforced by strong risk management framework

(3)Strong growth opportunity supported by Government critical policy agenda

(4)Established brand and parentage(4)Strong Management Team and Corporate Governance

ISSUE DETAILS:

(1)Issue Open: Apr 9, 2018 – May 8, 2018

(2)Issue Type: Fixed Price Issue NCD

(3)Issue Size: NCD’s of Rs. 1000

(4)Issue Size: Rs. 3,000.00 Crore

(5)Face Value: Rs. 1000 Per NCD

(6)Issue Price: Rs. 1000 Per NCD

(7)Market Lot: 10 NCD

(8) Minimum Order Quantity: 10 NCD

(9)Listing At: BSE

Offerings

NCDs have tenure of 400 days, 18 months, 24 months, 38 months and 60 months. It offers coupon rates ranging from 8.15% to 9% based on the tenure and the interest payment options

  • Ratings

    This issue is rated ICRA AA/Stable and CRISIL AA/Stable. The rating of the Secured NCDs and Unsecured NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations.

  • Company Contact Information

    Muthoot Finance Limited
    Muthoot Chambers,
    Opp Saritha Theatre Complex, 2nd Flr,
    Banerji Road, Kochi 682 018
    Phone: (+91 484) 239 4712
    Fax: (+91 484) 239 6506
    Email: ncd@muthootgroup.com
    Website: http://www.muthootfinance.com

    Muthoot Finance Limited NCD April 2018 Registrar

    LINK INTIME INDIA PRIVATE LIMITED
    Link Intime India Private Ltd,
    C-13 Pannalal Silk Mills Compound,
    LBS Marg, Bhandup West, Mumbai 400078

    Phone: +91-22-25963838
    Fax: +91-22-25946969
    Email: mfl.ncd2018@linkintime.co.in
    Website: http://www.linkintime.co.in

    Muthoot Finance Limited NCD April 2018 Lead Manager(s)

    A.K. Capital Services Limited
    Flat No. N, Sagar Apartments,
    6, Tilak Marg,
    New Delhi- 110 001

    Website:  http://www.akcapindia.com
    Email:  rplipo@akgrouponline.com
    Phone: 91-11-23385704
    Fax: 91-11-23385189

    Edelweiss Capital Limited
    14th floor, Express Towers,
    Nariman Point,
    Mumbai – 400 021, India.

    Website:  http://www.edelcap.com
    Email:  ksk.ipo@edelcap.com
    Phone: +91 22 4086 3535
    Fax: +91 22 2288 2119

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