The Company, Muthoot Fincorp Limited (the “Company” or the “Issuer”) was incorporated in the Republic of India under the Companies Act, 1956, as amended as a public limited company and registered as a Non-Banking Financial Company (“NBFC”) within the meaning of the Reserve Bank of India Act, 1934, as amended (the “RBI Act”). The promoters are Thomas John Muthoot, Thomas George Muthoot and Thomas Muthoot.
Muthoot Fincorp with its subsidiaries deals in the business of Gold Loans, Small Business Loans, Affordable Housing Loans, Two wheeler Loans, Used-car Loans, Domestic Money Transfer, International Remittance, Foreign Exchange, Insurance Products & Services, Wealth Management Services etc. For the half year ended September 30, 2020, Fiscal 2020 and Fiscal 2019 revenues from the Gold loan business constituted 93.36%, 87.84 % and 82.86% of the total income on a standalone basis as per Ind AS, respectively. For half year ended September 30, 2020, Fiscal 2020 and Fiscal 2019 the gold loan portfolio of the Company earned an interest of ₹ 1,32,275.82 lakhs, ₹ 2,39,327.28 lakhs and ₹2,05,896.50 lakhs on a standalone basis as per Ind AS, respectively. For the Fiscals 2018 revenues from the Gold loan business constituted 85.63%, of the total income on a standalone basis as per IGAAP. For the Fiscals 2018 the gold loan portfolio of the Company earned an interest of ₹1,87,258.25 lakhs, as per IGAAP.
Credit Rating of Muthoot Fincorp
For this issue, The NCDs have been rated “A+ (Stable)” by CRISIL Limited
At least 75% of Issue will be utilized for the purpose of onward lending, financing, and for repayment/prepayment of interest and principal of existing borrowings of our Company and the rest will be used for General Corporate Purpose
Base Issue of Rs. 20,000 Lakhs with an option to retain oversubscription upto Rs. 20,000 Lakhs, aggregating to Rs. 40,000 Lakhs.
Nature of Issue: Here series IV, V and XI are UnSecured.and rest of the Series are secured
Other Issue Details
How to apply for Muthoot Fincorp NCD
If you are planning to apply for this NCD issue then you can apply here through online and offline both modes. if you are planning to apply through online mode then you can apply here through your net banking option just like you apply for your Equity IPOs, you can also apply here through using the BSE Direct Platform. Now if you are planning to apply through offline mode then you have to fill the physical application form and have to submit it to your broker.