| Issue Open |
May 25, 2022 - Jun 17, 2022 |
| Security Name |
Muthoot Finance Limited |
| Security Type |
Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) |
Rs 75.00 Crores |
| Issue Size (Shelf) |
Rs 225.00 Crores |
| Issue Price |
Rs 1000 per NCD |
| Face Value |
Rs 1000 each NCD |
| Minimum Lot size |
10 NCD |
| Market Lot |
1NCD |
| Listing At |
BSE |
| Credit Rating |
ICRA AA+/Stable |
| Tenor |
36, 60 and 84 months |
| Series |
Series I to VII |
| Payment Frequency |
Monthly and Annually |
| Basis of Allotment |
First Come First Serve Basis |
| |
Series 1 |
Series 2 |
Series 3 |
Series 4 |
Series 5 |
Series 6 |
Series 7 |
| Frequency of Interest Payment |
Monthly |
Monthly |
Annual |
Annual |
Annual |
NA |
NA |
| Nature |
Secured |
|
|
|
|
|
|
| Tenor |
36 months |
60 months |
36 months |
60 months |
84 months |
36 months |
60 months |
| Coupon Rate (Retail) |
7.25% |
7.50% |
7.50% |
7.75% |
8.00% |
NA |
NA |
| Effective Yield (% per Annum) |
7.25% |
7.50% |
7.50% |
7.75% |
8.00% |
7.50% |
7.75% |
| Amount on Maturity |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,242.30 |
Rs 1,452.40
|
NCD Rating : The NCDs proposed to be issued under the Issue have been rated [ICRA] AA+/Stable by ICRA Limited such ratings are considered to have a stable outlook.
Company Promoters : George Thomas Muthoot, George Jacob Muthoot and George Alexander Muthoot are the company promoters.
Objects of the Issue
- The Net Proceeds raised through this Tranche I Issue will be utilised for following activities:
- Lending purposes.
- General corporate purposes.
| Category |
NCD's Allocated |
| Institutional |
5% |
| Non-Institutional |
5% |
| HNI |
40% |
| Retail |
50% |
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