About the Company

Kerala-based Muthoot Finance Ltd is India’s largest gold loan non-banking financial company (NBFC) in terms of loan portfolio, as on March 31, 2016. The fact is backed by the IMaCS Research & Analytics Industry Report, Gold Loans Market in India, 2017

The company is classified as a systemically important non-deposit taking NBFC (NBFC-ND-SI) by the RBI. Muthoot approximately had 7.58 million loan accounts as on December 31, 2017, serviced through 4,303 branches across 23 states, the national capital territory of Delhi and five union territories

During FY2013 to FY2017, the gold loan business contributed 98.77%, 98.07%, 98.19%, 98.49% and 98.26% of total income, respectively. Between March 31, 2013 and March 31, 2017, the value of the company’s portfolio of outstanding gross gold loans grew to Rs 27,219.96 crore from Rs 26,000.37 crore. For FY2017, the company’s net profit grew 45.74% to Rs. 1,179.83 crore.

Issue Details
  • Base issue size of Rs. 500 crore with an option to retain oversubscription up to
    shelf limit of Rs. 3,000 crore Tranche I issue
  • First come, first serve basis
  • Institutional portion – 20%, non-institutional portion – 20%, HNI – 30%, retail – 30% of the overall issue size
  • Secured redeemable non-convertible debentures
  • [ICRA] AA/Stable by ICRA and CRISIL AA/Stable by CRISIL
  • 10 NCDs (Rs.10, 000) and in multiple of one NCD
  • BSE
  • Cheque in favour of escrow account of Muthoot Finance NCD Public Issue
  • 8% per annum [Other than to ASBA Applicants^]
  • 5% per annum
  • Edelweiss Financial Services Ltd and A. K. Capital Services Limited
  • Link Intime India Pvt Ltd

If you already have an account with us, please follow these steps to apply for the NCD:

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Disclaimers:
  • Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges, the Do’s & Don’ts and the T & C on www.sharekhan.com before investing. Investments in equity is subject to market risks. You are advised to carefully read the red herring prospectus of the company and go through all the Risk Factors mentioned in the offer document issued by the company before investing. The investment as mentioned in the document may not be suitable for all investors. Investors may take their own decisions based on their specific investment objectives and financial position and using such independent advisors, as they believe necessary. Either SHAREKHAN or its affiliates or its directors or employees / representatives / clients or their relatives may have position(s), make market, act as principal or engage in transactions of purchase or sell of securities, from time to time or may be materially interested in any of the securities or related securities referred to in this report and they may have used the information set forth herein before publication.
  • For informative purposes only. Invest only after referring to the Red Herring Prospectus dated March 23, 2018.
  • Registered Office: Sharekhan Ltd, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400042, Maharashtra. Tel: 022 - 61150000. Sharekhan Ltd.: SEBI Regn. Nos. BSE-Cash-INB011073351; F&O-INF011073351; NSE - INB/INF231073330; MCX Stock Exchange: INB/INF-261073333; DP-NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; Mutual Fund-ARN 20669; For any complaints email at igc@sharekhan.com