Muthoot Fincorp NCD January 2022 Date, Rating & Interest Rates

Written by on January 3, 2022

Muthoot Fincorp Limited, the flagship company of Muthoot Pappachan Group (also known as Muthoot Blue) is one of the NBFC – non-deposit-taking non-banking finance companies. They are providing gold loans to individuals and businesses. The company with having over 3600 branches located in 24 states providing different gold loan products. The main financial products & services they offer are 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 for the common, Affordable Gold Jewelry and more. Each of these branches is like a financial super-market helping our customer in fulfilling most of her requirements under one roof.

Muthoot Fincorp has a rating of CRISIL A+/Stable by Crisil Ratings Limited. Muthoot Fincorp Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on 05 January 2022. Muthoot Fincorp will offer 9.37% interest rates on the NCDs. The NCDs tenure is for 27, 38, 60, 72, 96 Months.

Muthoot Fincorp NCD Issue Details

 NCD Issue Open  05 January 2022
 NCD Issue Close  28 January 2022
 NCD Issue Size  Base: 200 Cr. | Shelf: 200 Cr.
 NCD Type  Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
 Price Band  ₹1000 per NCD
 Interest Rate  Upto 9.37% ** (Annually)
 Minimum Investment  10 Bonds (₹1,000)
 Maximum Investment  1,000 Bonds (₹10,00,000)
 Rating  CRISIL A+/Stable
 Category  Institutional: 5%
 Non- Institutional: 40%
 Retail: 55%
 Tenor  27, 38, 60, 72, 96 Months
 Listing on
 BSE & NSE Platform

Muthoot Fincorp NCD Issue Listing

  • NCD Bonds to list on BSE & BSE platforms.

Muthoot Fincorp NCD Issue Promoters

  • Mr. Thomas John Muthoot
  • Mr. Thomas George Muthoot
  • Mr. Thomas Muthoot

How to Apply Muthoot Fincorp NCD Issue?

You can apply from your existing Demat account online and offline. You can apply via downloading the form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centers.

Muthoot Fincorp NCD (January 2022) Issue Tenure & Interest Rates

Ser. Tenure Payment Coupon Eff. Yield
I 27 Months Month 8.00% 8.30%
II 38 Months Month 8.25% 8.56%
III 60 Months Month 8.50% 8.83%
IV 72 Months Month 8.75% 9.10%
V 96 Months Month 9.00% 9.37%
VI 27 Months Cumu NA 8.31%
VII 38 Months Cumu NA 8.57%
VIII 60 Months Cumu NA 8.83%
IX 72 Months Cumu NA 9.11%
X 96 Months Cumu NA 9.37%

Muthoot Fincorp NCD Lead Manager

Muthoot Fincorp NCD Allotment Status

NCD Registrar

Integrated Registry Management Services Private Limited

2 nd Floor,

Ramakrishna Street, North Usman Road,

T. Nagar, Chennai – 600 017

Phone: + 91 44 2814 0801 to 803

Email: mfinipo@integratedindia.in

Website: http://www.integratedindia.in/

Company Information

Muthoot Fincorp Limited

Muthoot Centre,

TC No 14/2074-7 Punnen Road,

Trivandrum – 695 039, Kerala

Phone: +91 471 491 1550

Email: cs@muthootfincorp.com

Website: https://www.muthootfincorp.com/

Muthoot Fincorp NCD FAQs:

When is Muthoot Fincorp NCD Dates?

Muthoot Fincorp NCD to open on January 05 and close on January 27, 2022.

What is Muthoot Fincorp NCD Price?

The company has fixed the price at ₹1000 per NCD.
What is the basis of allotment in Muthoot Fincorp NCD offer?

Muthoot Fincorp NCDs will be allotted on a “First Come First Serve Basis”..
What is the frequency of interest payment?

The frequency of payment for is Monthly & Cumulative..
What is Muthoot Fincorp NCD Issue Size?

The NCD issue size is ₹200 crores.
On Which platform the Muthoot Fincorp NCD will list?

Muthoot Fincorp NCD will list on BSE & NSE Platforms.
How to apply for Muthoot Fincorp NCD?

You can apply from your existing Demat account online and offline.

– Source : IPOWATCH

The post Muthoot Fincorp NCD January 2022 Date, Rating & Interest Rates appeared first on Correct Success.


Reader's opinions

Leave a Reply


Current track

Title

Artist