Muthoot Finance Limited, a Kochi, Kerala based largest gold loan NBFC in India is issuing the NCD (Non-Convertible Debentures). The company targets to raise a capital of up to Rs 7.5 Lakh through the tranche-I issue. Muthoot Finance Limited NCD 2023 opens for investment on 12th April 2023 and closes on 26th April 2023. The non-convertible debentures of face value Rs 1,000 each will be offered to investors during this issue. The debt offer features tenors of 25, 37, and 61 months, with coupon rates ranging from 7.75% to 8.10%.
About Muthoot Finance Limited
Non-Banking Finance Company (NBFC) Muthoot Finance Limited was founded in 1997 and is headquartered in Kochi, Kerala. When considering loan portfolio size alone, it is the largest gold loan NBFC in India. This lender offers gold jewelry as collateral for loans to both consumers and businesses. Individual borrowers make up the bulk of this lender’s business. According to a report published by CRISIL in March 2023, MFL’s branch network was the largest among Indian gold loan NBFCs. Its Gold Loan portfolio has 8.11 million accounts as of December 31, 2022. This company operates its services through 5,750+ branches across 22 states and territories in India with 40,000+ employees.
Muthoot Finance NCD 2023 – Issue Details
| Issue Type | Secured, Redeemable, Non-Convertible Debentures (NCDs) |
| Issuer Company | Muthoot Finance Limited |
| Issue Opens | 12th April, 2023 |
| Issue Closes | 26th April, 2023 |
| Coupon Rate (ROI) | 7.75% to 8.10% |
| Face Value | Rs 1,000 |
| Issue Price | Rs 1,000 |
| Minimum Order Quantity | 10 NCD (Rs. 10,000) |
| Issue Size | Rs 7.5 Lakh |
| Listing | BSE |
| Listing Date | 27th April, 2023 |
| Rating | ICRA AA+/Stable |
| Lead Managers | A. K. Capital Services Limited |
| Registrar | Link Intime India Private Limited |
| Company Contact Details | 2nd Floor, Muthoot Chambers, Opposite Saritha Theatre Complex, Banerji Road, Kochi 682 018, India.Website: www.muthootfinance.com |
Issue Prospectus
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
