Muthoot Finance Ltd NCD 2023 offers yields upto 8.60%

NCD details and Interest Rates Muthoot Finance Limited

NCD/Series Details

Issuer Muthoot Finance Ltd NCD 2023
Public Issue of Secured Redeemable Non-Convertible Debentures
Issue Public issue of secured redeemable non-convertible debentures of Face Value of Rs 1,000 each, (“NCDs”), for an amount up to Rs 75 Crores (“Base Issue”).
Credit Rating ‘ICRA AA (Stable)’ by ICRA and ‘CRISIL AA/Positive’ by CRISIL
Issue opens April 12, 2023
Issue closes April 26, 2023
Issue Price Rs. 1,000 per NCD
Minimum Application Rs.10,000 (10 NCDs) for all options of NCDs
Coupon Type Fixed
Listing The NCDs are proposed to be listed on BSE with in 6 Working Days from the closing Date.
Application Mode Compulsorily ASBA
Insurance & Trading In dematerialized form only
Seniority, Security and Asset Cover Senior (to clarify, the claims of the Secured NCD Holders shall be superior to the claims of any unsecured creditors, subject to applicable statutory and/or regulatory requirements). The Secured NCDs would constitute secured obligations of the Company and shall rank pari passu inter se, present and future and subject to any obligations under applicable statutory and/or regulatory requirements, shall also, with regard to the amount invested, be secured by way of a first pari passu charge on current assets, book debts, loans and advances, and receivables including gold loan receivables, both present and future, of the Company.
SPECIFIC TERMS FOR EACH SERIES OF NCDs
NCDs Options I II III IV V VII
Frequency of Interest Payment Monthly* Monthly* Annually** Annually** Annually** NA
Minimum Application Rs. 10,000/- (10 NCDs) across all options and in multiples of Rs. 1000(1 NCD) thereafter.
Issue Price (Rs/ NCD) Rs 1,000
Face Value / Issue Price (Rs / NCD) Rs 1,000
Tenor from Deemed Date of Allotment  37 months 61 months 25 months 37 months 61 months 61 months
Coupon Rate Category I & II 7.75% 7.85% 7.75% 8.00% 8.10% NA
Coupon Rate Category III & IV 7.75% 7.85% 7.75% 8.00% 8.10% NA
Effective Yield (p. a.) Category I & II
7.75% 7.85% 7.75% 8.00% 8.10% 8.10%
Effective Yield (p. a.) Category III & IV 8.25% 8.35% 8.25% 8.50% 8.60% 8.60%
Amount (Rs. per NCD) on Maturity Category I & II
Rs.1,000 Rs.1,000 Rs.1,000 Rs.1,000 Rs.1,000 Rs.1,486.11
Amount (Rs. per NCD) on Maturity Category III & IV Rs.1,000 Rs.1,000 Rs.1,000 Rs.1,000 Rs.1,000 Rs.1,521.42
Maturity Date (From the Deemed Date of Allotment) 37 months 61 months 25 months 37 months 61 months 61 months
Nature of Indebtedness Secured redeemable non-convertible

*With respect to Options where interest is to be paid on a monthly basis, relevant interest will be calculated from the first day till the last date of every month during the tenor of such NCDs, and paid on the first day of every subsequent month. For the first interest payment for NCDs under the monthly options, interest from the Deemed Date of Allotment till the last day of the subsequent month will be clubbed and paid on the first day of the month next to that subsequent month. ** With respect to Options where interest is to be paid on an annual basis, relevant interest will be paid on each anniversary of the Deemed Date of Allotment on the face value of the NCDs. The last interest payment under annual Options will be made at the time of redemption of the NCDs. For more details please refer application form.

Application Process & Collection /Submission Center

Please take print of the Application Form A4 paper size. Click here to download Application form of Muthoot Finance Ltd NCD 2022
Attach following document along with the application form : –
1] PAN Card and Demat Proof Photo Copy attested by applicant.
2] One Cancelled Cheque copy.
3] Bidding is mandatory.
4] Cheque / DD not require as it is ASBA application
5] On first come first serve basis to be determined on the basis of the bid uploads made with the scheduled Stock Exchanges.
6] Keep photocopy of application form for your record.
7] Submit / deposit your NCD application form in Listed/ Design Bank Branches. (search below for your city)
8] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
9] The actual bond will reflect in your demat account within 2 weeks time form date of allotment.
10] Free Home Service available *

SBICap Securities Ltd Branches for submission of application Form

NAME OF THE BRANCHADDRESS
GANDHINAGAR GUJARAT BRANCHSBICAP SECURITIES LTD.
,B - 310, 3RD FLOOR, SUPER MALL-1, INFOCITY,
GANDHINAGAR - 382009, , INDIA
BAREILLY BRANCHSBICAP SECURITIES LIMITED,
SBICap Securities Ltd, C/o SBI MAIN BRANCH, FIRST FLOOR, NEAR KATCHERY, CIVIL LINES,
BAREILLY - 243001, UTTAR PRADESH , INDIA
AURANGABAD BRANCHSBICAP SECURITIES LTD.
2ND FLOOR, AKSHAY DEEP PLAZA, NEAR CIDCO BUS STATION, CIDCO
MUMBAI - 431001, MAHARASHTRA , INDIA
AGARTALAR M S CHOWMUHANI BRANCH, ROAD NO. 2, RAMNAGAR,
AGARTALA - 799002, TRIPURA , INDIA
MUMBAI THANE BRANCHSBICap Securities Ltd, C/o . SBI, PARSI AGYANI CROSS LANE,
JAMBLI NAKE, THANE (WEST),
MUMBAI - 400601, MAHARASHTRA , INDIA
DHARWARD EHUBSBICAP SECURITIES LTD, STATE BANK OF INDIA,
1ST FLOOR, COLLAGE ROAD,
DHARWAD - 580001, KARNATAKA , INDIA
INDORE EHUBSBICAP SECURITIES LIMITED, REGIONAL OFFICE,
204, OASIS TRADE TOWER, 20/22 , Y.N. ROAD, OPP.RANI SATI GATE,
INDORE - 452003, MADHYA PRADESH , INDIA
DELHI EHUBSBICAP SECURITIES LTD., 1ST & 2ND FLOOR,
57, PANCHKUIAN ROAD, NEAR R. K. ASHRAM MARG, METRO STATION,
NEW DELHI - 110001, DELHI , INDIA
SHILLONG BRANCHSBICAP SECURITIES LTD., STATE BANK OF INDIA, SHILLONG MAIN BRANCH,
1ST FLOOR, M G. ROAD, NEAR G P O,
SHILLONG - 793001, MEGHALAYA , INDIA
VIJAYAWADA E-HUBSBICap Securities Ltd, C/o .SBI ADMINISTRATIVE OFFICE
GROUND FLOOR, PRAKASAM ROAD, SURYARAO PET
VIJAYAWADA - 520002, ANDHRA PRADESH , INDIA
SILIGURI BRANCH1ST FLOOR, HILL CART ROAD,
SILIGURI - 734001, WEST BENGAL , INDIA
CHENNAI EHUB1ST FLOOR, SBI EGMORE BRANCH
NO. 45, PANTHEON ROAD, EGMORE
CHENNAI - 600008, TAMIL NADU , INDIA
HYDERABAD E-HUB6-3-885/7/C/1/T1,3RD FLOOR,AMIT PLAZA, NEAR RAJIV GANDHI CIRCLE,
OPP MINERVA HOTEL. RAJ BHAVAN ROAD,SOMAJIGUDA
HYDERABAD - 500082, TELANGANA , INDIA
HYDERABAD HUB1ST FLOOR, DMC CENTER, ABOVE STATE BANK OF INDIA,
ST. JOHN’S ROAD, EAST MARREDPALLY,
SECUNDERABAD - 500026, TELANGANA , INDIA
KOTI BRANCH
SBICap Securities Ltd, C/o STATE BANK OF INDIA, MAIN BRANCH HYDERABAD,
DEMAT SECTION, BANK STREET, KOTI
HYDERABAD - 500095, TELANGANA , INDIA
HYDERABAD BRANCH
SBICap Securities Ltd, C/o . SBH GUNFOUNDARY BRANCH,GROUND FLOOR,HYDERABAD - 500001, TELANGANA , INDIA
KOLKATA E-HUB
SBICap Securities Ltd, C/o , STATE BANK OF INDIA, JEEVANDEEP BLDG. (MAIN ENTRANCE GATE)1, MIDDLETON STREET KOLKATA - 700071, WEST BENGAL , INDIA
KILPAUK BRANCH
SBICap Securities Ltd, C/o SBI, 22,TAYLORS ROAD, KILPAUK CHENNAI - 639001, TAMIL NADU , INDIA
MUMBAI PEDDAR BRANCH
39, KALPATRU, DR. G. DESHMUKH MARG PEDDAR ROAD,MUMBAI - 400026, MAHARASHTRA , INDIA
AHMEDABAD EHUB2ND FLOOR, "NIRMAN", BESIDES JYOTI PLAZA NR. SHYAMAL CROSS ROAD, SATELLITE, AHMEDABAD - 380015, GUJARAT , INDIA
MEHSANA BRANCH
SBICap Securities Ltd, C/o . SBI SME HIGHWAY ROAD BRANCH UNIVERSAL COMPLEX, NEAR ONGC WORK SHOP, HIGHWAY ROAD, MEHSANA (N.G.), - 384002, GUJARAT , INDIA
BARODA MAKARPURA BRANCH
SBICap Securities Ltd, C/o . SBI MAKARPURA I.E. BRANCH VCCI BUILDING, MAKARPURA BARODA - 390010, GUJARAT , INDIA
NOIDA BRANCH
SBICap Securities Ltd, C/o STATE BANK OF INDIA, A-2A/2, 1ST FLOOR, SECTOR-52, NOIDA - 201303, UTTAR PRADESH , INDIA
SALT LAKE KOLKATA BRANCH
GROUND FLOOR, BIKASH BHAVAN, SECTOR - 1, SALT LAKE KOLKATA - 700091, WEST BENGAL , INDIA
ASANSOL BRANCH
SBICap Securities Ltd, C/o STATE BANK OF INDIA, ASANSOL BRANCH, BIJOYPAL SARANI, ASANSOL - 713304, WEST BENGAL , INDIA
BALLYGUNGE BRANCH
SBICap Securities Ltd, C/o SBI, 50 A, GARIAHAT ROAD, BALLYGUNGE KOLKATA - 700019, WEST BENGAL , INDIA
JEEVANDEEP - KOLKATA BRANCH
STATE BANK OF INDIA, JEEVANDEEP BLDG, GROUND FLOOR, 1, MIDDLETON STREET,KOLKATA - 700071, WEST BENGAL , INDIA
KOLKATA SAMRIDDI BRANCH
SBI MAIN BRANCH, SAMMRIDDI BHAVAN, 3RD FLOOR, 1- STRAND ROAD

KOLKATA - 700001, WEST BENGAL , INDIA
DURGAPUR BRANCH
SBICap Securities Ltd, C/o . STATE BANK INDIA, DURGAPUR BRANCH, DSP MAINGATE, PO DURGAPUR-3,BURDWAN - 713203, WEST BENGAL , INDIA
DEHRADUN BRANCH
SBI MAIN BRANCH, 4 CONVENT ROAD DEHRADUN - 248001, UTTARANCHAL , INDIA
VARANASI BRANCH
SBICap Securities Ltd, C/o SBI VARANASI MAIN BRANCH, NEAR DIST. COURT,VARANASI - 221002, UTTAR PRADESH , INDIA
GOMTI NAGAR BRANCH
SBICap Securities Ltd, C/o SBI GOMATI NAGAR BRANCH, 2/38, FIRST FLOOR, VIJAY KHAND, GOMTI NAGAR, LUCKNOW - 226010, UTTAR PRADESH , INDIA
LUCKNOW EHUB
401-C, GOVINDA APARTMENT, 3RD FLOOR, 1-A, SHANAJAF ROAD LUCKNOW - 226001, UTTAR PRADESH , INDIA
KANPUR BRANCH
SBICap Securities Ltd, C/o SBI ADMINISTRATIVE OFFICE, 16/101 MALL ROAD CIVIL LINES KANPUR - 208001, UTTAR PRADESH , INDIA
GHAZIABAD BRANCH
SBICap Securities Ltd, C/o SBI, NAVYUG MARKET,GHAZIABAD - 201001, UTTAR PRADESH , INDIA
AGRA BRANCH
SBICap Securities Ltd, C/o SBI MAIN BRANCH, CHHIPITOLA AGRA - 282001, UTTAR PRADESH , INDIA
TIRUCHIRAPPALLI BRANCH
SBICap Securities Ltd, C/o STATE BANK OF INDIA, TIRUCHIRAPPALI MAIN BRANCH, MC DONALDS ROAD, CANTONMENT,TIRUCHIRAPPALI - 620001, TAMIL NADU , INDIA
SALEM BRANCH
SBI HASTHAMPATTI BRANCH, BANK HOUSE,NO. 68 CHERRY ROAD SALEM - 636007, TAMIL NADU , INDIA
NAGERCOIL BRANCH
14B, DISTILLERY ROAD, VADASERY,NAGERCOIL - 629001, TAMIL NADU , INDIA
MADURAI BRANCH
SBICap Securities Ltd, C/o STATE BANK OF INDIA, NUMBER - 7A, WEST VELI STREET, OPPOSITE RAILWAY STATION,MADURAI - 625001, TAMIL NADU , INDIA
COIMBATORE - R.S.PURAM BRANCH
SRI SAI TOWERS, 590AB, 4TH FLOOR, D B ROAD, RS PURAM COIMBATORE - 641002, TAMIL NADU , INDIA
COIMBATORE MAIN BRANCH
SBI MAIN BRANCH, STATE BANK ROAD,COIMBATORE - 641018, TAMIL NADU , INDIA
KILPAUK BRANCH
SBICap Securities Ltd, C/o SBI, 22,TAYLORS ROAD, KILPAUK CHENNAI - 639001, TAMIL NADU , INDIA
INDIRANAGAR - CHENNAI BRANCH
SBICap Securities Ltd, C/o .SBI PBB BESANT NAGAR BRANCH, E-159, ANNAI VELANKANI CHURCH ROAD, 7TH AVENUE, BESANT NAGAR CHENNAI - 600090, TAMIL NADU , INDIA
ERODE BRANCH
SBICap Securities Ltd, C/o SBI, D-48, STATE BANK ROAD,ERODE - 638001, TAMIL NADU , INDIA
KOTA BRANCH
SBICap Securities Ltd, C/o SBI MAIN BRANCH, CHAWANI CHAURAHA,KOTA - 324007, RAJASTHAN , INDIA
JAIPUR BRANCH
128, 1ST FLOOR, OPP. G.E. MONEY, GANPATI PLAZA, M.I. ROAD JAIPUR - 302001, RAJASTHAN , INDIA
JAIPUR SANGENERI GATE EHUB
SBICap Securities Ltd, C/o SBI SPECIAL BRANCH, GROUND FLOOR, SANGENERI GATE,JAIPUR - 302003, RAJASTHAN , INDIA
JODHPUR BRANCH
SBICap Securities Ltd, C/o SBI, SPECIAL BRANCH, HIGH COURT CAMPUS, KACHAURI,JODHPUR - 342001, RAJASTHAN , INDIA
UDAIPUR BRANCH
SBICap Securities Ltd, C/o SBI, MAIN BRANCH, 23/C MADHUBAN,UDAIPUR - 313001, RAJASTHAN , INDIA
PATIALA BRANCH
SBICAP SECURITIES LTD., STATE BANK OF PATIALA,(MAIN BRANCH), NEAR MATA KALI MANDIR, THE MALL, MALL ROAD, PATIALA - 147001, PUNJAB , INDIA
LUDHIANA BRANCH
SBICap Securities Ltd, C/o SBI, FIRST FLOOR, FOUNTAIN CHOWK, CIVIL LINES,LUDHIANA - 141001, PUNJAB , INDIA
JALANDHAR BRANCH
SBICap Securities Ltd, C/o . STATE BANK OFINDIA, CIVIL LINES,JALANDHAR - 144001, PUNJAB , INDIA
AMRITSAR BRANCH
SBICap Securities Ltd, C/o STATE BANK OF INDIA, MAIN BRANCH, TOWN HALL,AMRITSAR - 143001, PUNJAB , INDIA
PONDICHERRY BRANCH
STATE BANK OF INDIA, NO. 5, 1ST FLOOR, RUE SUFFREN, PONDICHERRY - 605001, PONDICHERRY , INDIA
BHUBANESWAR
SBICap Securities Ltd, C/o SBI LOCAL HEAD OFFICE – III/1, GROUND FLOOR, PT. JAWAHARLAL NEHRU MARG,BHUBANESWAR - 751001, ORISSA , INDIA
PUNE BUND GARDEN BRANCH
SBICap Securities Ltd, C/o SBI BUND GARDEN BRANCH, GRACE 171/B, 1ST FLOOR, DP ROAD,PUNE - 411001, MAHARASHTRA , INDIA
PUNE BRANCH
SPBB BRANCH, 1277, KUMAR RENAISSANCE, J.M.ROAD, DECCAN GYMKHANA,PUNE - 411004, MAHARASHTRA , INDIA
NASHIK BRANCH
SBICap Securities Ltd, C/o . SBI SPBB, SARASWATI HEIGHTS, PLOT NO.10, SURVEY NO.715/A/2/1/A, THATTE NAGAR, GANGAPUR ROAD,NASHIK - 422005, MAHARASHTRA , INDIA
NAGPUR BRANCH
SBICap Securities Ltd, C/o SBI SEVA SADAN BRANCH, 75 MOTI MOHAN COMPLEX, SEVA SADAN CHOWK, C.A ROAD,NAGPUR - 440018, MAHARASHTRA , INDIA
MUMBAI KONKAN BHAVAN BELAPUR BRANCH
SBICap Securities Ltd, C/o . SBI KONKAN BHAVAN BRANCH, CIDCO BLDG. (SOUTH WING), CBD BELAPUR,NAVI MUMBAI - 400614, MAHARASHTRA , INDIA
MUMBAI LOWER PAREL BRANCH
A & B WING, 12TH FLOOR, MARATHON FUTUREX, N.M. JOSHI MARG, LOWER PAREL,MUMBAI - 400013, MAHARASHTRA , INDIA
VERSOVA LINK ROAD (ANDHERI-WEST) BRANCH
SBICap Securities Ltd, C/o SBI JVLR BRANCH, GROUND FLOOR, JUHU VERSOVA LINK ROAD, ANDHERI (W)MUMBAI - 400053, MAHARASHTRA , INDIA
MADAME CAMA RD - MUMBAI BRANCH
SBI MADAME CAMA ROAD BRANCH, SBI ADMIN BUILDING COMPOUND, NARIMAN POINT,MUMBAI - 400021, MAHARASHTRA , INDIA
MUMBAI GOREGAON MULUND LINK ROAD BRANCH
SBICap Securities Ltd, C/o . SBI GOREGAON-MULUND LINK ROAD BRANCH, SHOWROOM NO.11, RUSTOMJEE O-ZONE BLDG., GOREGAON (W) MUMBAI - 400062, MAHARASHTRA , INDIA
MUMBAI SANTACRUZ BRANCH
SBICap Securities Ltd, C/o . SBI SANTACRUZ BRANCH, 7 SURYODAYA BLDG., JUHU ROAD, P.O.BOX NO. 6901,MUMBAI - 400054, MAHARASHTRA , INDIA
MUMBAI POWAI HIRANANDANI BRANCH
SBICap Securities Ltd, C/o . SBI PBB POWAI HIRANANDANI BRANCH, G-15/16, VENTURA HIRANANDANI BUSINESS PARK, POWAI,MUMBAI - 400076, MAHARASHTRA , INDIA
GHATKOPAR BRANCH
STATE BANK OF INDIA, M.G.ROAD, GHATKOPAR EAST,MUMBAI - 400077, MAHARASHTRA , INDIA
SBI SPBB MUMBAI BRANCH
SBICap Securities Ltd, C/o SBI MUMBAI MAIN SPBB BRANCH, MUMBAI SAMACHAR MARG, GATE NO 1, HORNIMAN CIRCLE, FORT,MUMBAI - 400001, MAHARASHTRA , INDIA
NRI BRANCH
SBI NRI BRANCH, MAKER CHAMBERS -3, GROUND FLOOR, NARIMAN POINT,MUMBAI - 400021, MAHARASHTRA , INDIA
BHOPAL BRANCH
SBICap Securities Ltd, C/o STATE BANK OF INDIA, PAANCHANAN BHAVAN, T T NAGAR,BHOPAL - 462003, MADHYA PRADESH , INDIA
GWALIOR BRANCH
SBI MAIN BRANCH, BADA CHOWK GWALIOR - 474001, MADHYA PRADESH , INDIA
INDORE OLD BRANCH
STATE BANK OF INDIA, 5,YASHWANT NIWAS ROAD,NEAR SBI ATM INDORE - 452003, MADHYA PRADESH , INDIA
INDORE MAIN BRANCH
STATE BANK OF INDIA, GPO MAIN BRANCH, INDORE - 452001, MADHYA PRADESH , INDIA
JABALPUR BRANCH
SBICap Securities Ltd, C/o . SBI MAIN BRANCH, CIVIL LINES,JABALPUR - 482001, MADHYA PRADESH , INDIA
THIRUVANANTHAPURAM BRANCH
FIRST FLOOR, STATE BANK OF TRAVANCORE BUILDING, SASTHAMANGALAM,THIRUVANANTHAPURAM - 695010, KERALA , INDIA
ERNAKULAM EHUB
SBI SHANMUGHAM RD. BRANCH, 2ND FLOOR, KTDC BLDG,ERNAKULAM - 682031, KERALA , INDIA
JAMSHEDPUR BRANCH
C/0 SBI, JAMSHEDPUR, BISTUPUR,JAMSHEDPUR - 831001, JHARKHAND , INDIA
JAMMU BRANCH
SBICap Securities Ltd, C/o . SBI ZONAL OFFICE, NEAR SARB, GROUND FLOOR JAMMU - 180012, JAMMU AND KASHMIR , INDIA
SHIMLA BRANCH
SBICap Securities Ltd, C/o STATE BANK OF INDIA, NEW BUILDING, 2ND FLOOR, THE MALL,SHIMLA - 171003, HIMACHAL PRADESH , INDIA
PANCHKULA BRANCH
SBICap Securities Ltd, C/o STATE BANK OF INDIA, MAIN BRANCH, 2ND FLOOR, SCO - 14, SECTOR 10,PANCHKULA - 134109, HARYANA , INDIA
GURGAON BRANCH
SBICap Securities Ltd, C/o STATE BANK OF INDIA, RACPC, PLOT NO.3&4, UDYOG VIHAR PHASE IV, NEAR ATLAS CHOWK,GURGAON - 122015, HARYANA , INDIA
SURAT BRANCH
SBICap Securities Ltd, C/o . SBI, GHODDOD ROAD, U25-28, MEGH MAYUR PLAZA, OPP JANI FARSAN BHANDAR, PARLE POINT,SURAT - 395007, GUJARAT , INDIA
RAJKOT BRANCH
SBICap Securities Ltd, C/o . STATE BANK OF INDIA, RAJKOT ZONAL OFFICE, OPPOSITE SARDAR BAUG, CIRCUIT HOUSE, RAJKOT - 360001, GUJARAT , INDIA
BHAVNAGAR BRANCH
SBICap Securities Ltd, C/o . STATE BANK OF INDIA, SBI COLONY, KALANALA, BHAVNAGAR - 364001, GUJARAT , INDIA
BARODA MANDVI BRANCH
SBICap Securities Ltd, C/o . SBI MANDVI MAIN BRANCH, OPP JAMNABHAI HOSPITAL, MANDVI, BARODA - 390001, GUJARAT , INDIA
BARODA MAKARPURA BRANCH
SBICap Securities Ltd, C/o . SBI MAKARPURA I.E. BRANCH, VCCI BUILDING, MAKARPURA, BARODA - 390010, GUJARAT , INDIA
BARODA BRANCH
SBI, ALKAPURI, R.C.DUTT ROAD,BARODA - 390007, GUJARAT , INDIA
MEHSANA BRANCH
SBICap Securities Ltd, C/o . SBI SME HIGHWAY ROAD BRANCH, UNIVERSAL COMPLEX, NEAR ONGC WORK SHOP, HIGHWAY ROAD, MEHSANA (N.G.) - 384002, GUJARAT , INDIA
AHMEDABAD MANINAGAR BRANCH
SBICap Securities Ltd, C/o STATE BANK OF INDIA, 1ST FLOOR, MODI ARCADE, NEAR RLY STATION, MANINAGAR (WEST),AHMEDABAD - 380008, GUJARAT , INDIA
AHMEDABAD MOTERA BRANCH
SBICap Securities Ltd, C/o . SBI MOTERA BRANCH, SHOP NO.1 TO 5,GROUNDFLOOR, VITTHAL SQUARE COMPLEX, STADIUM ROAD, MOTERA,AHMEDABAD - 382424, GUJARAT , INDIA
PANJIM BRANCH
BI, PANAJI MAIN BRANCH, DAYANAND BANDODKAR MARG, NEAR HOTEL MANDOVI, PANAJI - 403001, GOA , INDIA
ROHINI SECTOR 7
SBICap Securities Ltd, C/o SBI, E-2/28, SECTOR 7, ROHINI DELHI - 110085, DELHI , INDIA
CHANDANI CHOWK
SBICap Securities Ltd, C/o . SBI (DBD) SME BRANCH, GR FLOOR, CHANDANI CHOWK,DELHI - 110006, DELHI , INDIA
MADHUBAN BRANCH9, NEW RAJDHANI ENCLAVE, SWASTHYA VIHAR,NR PREET VIHAR METRO STATION ,DELHI - 110092, DELHI , INDIA
HAUZ KHAS BRANCH
SBICap Securities Ltd, C/o STATE BANK OF INDIA, PERSONAL BANKING BRANCH, A-15 HAUZ KHAS, NEW DELHI - 110016, DELHI , INDIA
PARLIAMENT STREET BRANCHSBICap Securities Ltd, C/o SBI, PERSONAL BANKING BRANCH, GROUND FLOOR, 11, PARLIAMENT STREET,NEW DELHI - 110001, DELHI , INDIA
NEW DELHI RAJA GARDEN BRANCH
SBICap Securities Ltd, C/o . SBI RAJA GARDEN BRANCH, 13 RAJA GARDEN CHOWK,SBICap Securities Ltd, C/o STATE BANK OF INDIA PBB BRANCH,NEW DELHI - 110015, DELHI , INDIA
RAIPUR BRANCH
SBICap Securities Ltd, C/o . SBI KUTCHERY BRANCH, KUTCHERY,RAIPUR - 492001, CHHATTISGARH , INDIA
BHILAI BRANCHSBI MAIN BRANCH, SECTOR 1,BHILAI - 490001, CHHATTISGARH , INDIA
CHANDIGARH EHUB
SBICap Securities Ltd, C/o STATE BANK OF INDIA, MAIN BRANCH, SCO 43-48,SECTOR 17B,CHANDIGARH - 160017, PUNJAB , INDIA
PATNA BRANCH
SBICap Securities Ltd, C/o SBI SPB BRANCH, WEST GANDHI MAIDAN, PATNA - 800001, BIHAR , INDIA
GUWAHATI BRANCH
SBICap Securities Ltd, C/o . SBI DISPUR BRANCH, 1ST FLOOR, OPP.ASSAM SECT.,DISPUR GUWAHATI - 781006, ASSAM , INDIA
VIJAYWADA BRANCH
SBI, GOVERNORPET BRANCH, ALI BEGH STREET,GOVERNORPET, VIJAYWADA - 520002, ANDHRA PRADESH , INDIA
GUNTUR BRANCH
SHOP NO.13,SECOND FLOOR, RAGHU MANSION, 4/1,BRODIPET,GUNTUR - 522002, ANDHRA PRADESH , INDIA
VISAKHAPATNAM BRANCH
SBICap Securities Ltd, C/o SBI MAIN BRANCH, 1ST FLOOR, OLD JAIL ROAD JUNCTION,NEAR REDHAM GARDENS,VISAKHAPATNAM - 530002, ANDHRA PRADESH , INDIA
HUBLI BRANCH
SBICap Securities Ltd, C/o . STATE BANK OF INDIA, HUBLI MAIN BRANCH,1ST FLOOR, KESHWAPUR,HUBLI - 580023, KARNATAKA , INDIA
BANGALORE BRANCH
NO. 87, ALMAS CENTRE, 6TH FLOOR,M G ROAD,BANGALORE - 560001, KARNATAKA , INDIA
BASAVANGUDI BRANCH
NO -6 2ND FLOOR, SHUBHSHREE CROWN, H. B. SAMAJA ROAD (GANDHI BAZAR),BASAVANGUDI BANGALORE - 560004, KARNATAKA , INDIA
BANGALORE MALLESHWARAM BRANCH
SBICap Securities Ltd, C/o . SBI MALLESHWARAM BRANCH, 2ND FLOOR, NO.143,MARGOSA ROAD, 8TH CROSS, MALLESHWARAM,BANGALORE - 560003, KARNATAKA , INDIA
BANGALORE INDIRA NAGAR BRANCH
3RD FLOOR, SBICap Securities Ltd, C/o SBI, INDIRA NAGAR BRANCH NO. 2987,12TH MAIN ROAD, HAL 2ND STAGE, INDIRANAGAR,BANGALORE - 560008, KARNATAKA , INDIA
BANGALORE EHUB
NO.5, 1ST FLOOR,80 FT MAIN ROAD,1ST BLOCK KORAMANGALA,BANGALORE - 560034, KARNATAKA , INDIA
MANGALORE BRANCH
SBICap Securities Ltd, C/o SBI, MANGALORE MAIN BRANCH, PORT ROAD,P.B. NO. 90,MANGALORE - 575001, KARNATAKA , INDIA
MYSORE BRANCH
SBICAP SECURITES LTD.BASAVA ARCADE NO.2924, 1ST MAIN ROAD, 5TH CROSS, SARASWATIPURAM,MYSORE - 570009, KARNATAKA , INDIA
MUMBAI SANTACRUZ BRANCH
SBICap Securities Ltd, C/o . SBI SANTACRUZ BRANCH, 7 SURYODAYA BLDG., JUHU ROAD,P.O.BOX NO. 6901,MUMBAI - 400054, MAHARASHTRA , INDIA
PuneSanriya Investment Advisors Pvt. Ltd., Kamdhenu, 2nd Floor, Opp. Prakash (MSEB Office) Bhavan, Next to Bank of Baroda, Near Chattushringi Temple, above Tribes India,
Senapati Bapat Rd, Shivajinagar, Pune, Maharashtra 411016 (M): 9175193456 / 9175937626
Download Muthoot Finance Ltd NCD 2022 application Form

Who can invest / Apply?

The following categories of persons are eligible to apply in the Issue:

Category I (Institutional) 5% of the overall issue size

  • Resident Public Financial Institutions, Statutory Corporations including State Industrial Development Corporations, Commercial Banks, Co-operative Banks and Regional Rural Banks, which are authorized to invest in the NCDs;
  • Provident Funds and Resident Pension Funds with minimum corpus of Rs. 250 million, Superannuation Funds and Gratuity Fund, which are authorized to invest in the NCDs;
  • Venture Capital funds and / or Alternative Investment Funds registered with SEBI;
  • Insurance Companies registered with the IRDA;
  • National Investment Fund (set up by resolution no. F. No. 2/3/2005-DDII dated November 23, 2005 of the Government of India and published in the Gazette of India);
  • Insurance funds set up and managed by the Indian army, navy or the air force of the Union of India or by the Department of Posts, India
  • Mutual Funds, registered with SEBI.

Category II (Non Institutional) 5% of the overall issue size

  • Companies; bodies corporate and societies registered under the applicable laws in India and authorized to invest in the NCDs;
  • Educational institutions and associations of persons and/or bodies established pursuant to or registered under any central or state statutory enactment; which are authorized to invest in the NCDs;
  • Public/private charitable/religious trusts which are authorized to invest in the NCDs;
  • Scientific and/or industrial research organizations, which are authorized to invest in the NCDs;
  • Partnership firms in the name of the partners;
  • Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership

Category III (HNI) 30% of the overall issue size

  • Resident Indian individuals or Hindu Undivided Families through the Karta applying for an amount aggregating to above Rs. 10 Lakh across all series of NCDs in Issue.

Category IV (Individuals) 60% of the overall issue size

  • Resident Indian individuals or Hindu Undivided Families through the Karta applying for an amount aggregating up to and including Rs. 10 Lakh across all series of NCDs in Issue.
Who cannot invest / Apply?

The following categories of persons, and entities, shall not be eligible to participate in the Issue and any Applications from such persons and entities are liable to be rejected:
a) Minors without a guardian name* (A guardian may apply on behalf of a minor. However, Applications by minors must be made through Application Forms that contain the names of both the minor Applicant and the guardian);
b) Foreign nationals, NRI inter-alia including any NRIs who are (i) based in the USA, and/or, (ii) domiciled in the USA, and/or, (iii) residents/citizens of the USA, and/or, (iv) subject to any taxation laws of the USA;
c) Persons resident outside India and other foreign entities;
d) Foreign Institutional Investors;
e) Non Resident Indians;
f) Foreign Portfolio Investors;
g) Qualified Foreign Investors;
h) Overseas Corporate Bodies; and
i) Persons ineligible to contract under applicable statutory/regulatory requirements.

* Applicant shall ensure that guardian is competent to contract under Indian Contract Act, 1872

About Muthoot Finance Ltd NCD 2020

⚫ Muthoot Finance Limited (MFL) is the largest gold loan NBFC in India in terms of loan portfolio.
⚫ MFL is a “Systemically Important Non-Deposit Taking NBFC” (NBFC-ND-SI) headquartered in the south Indian state of Kerala.
⚫ MFL provides personal loans and business loans secured by gold jewelry, or Gold Loans, primarily to individuals who possess gold jewelry but are not able to access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
⚫ Gold Loan portfolio as of September 30, 2018 comprised approximately 8.15 million loan accounts in India that MFL serviced through 4,370 branches across 23 states, the national capital territory of Delhi and five union territories in India. As of September 30, 2018 MFL employed 23,888 persons in its operations.
⚫ MFL also relies on bank loans and subordinated debt instruments as its sources of funds. As of March 31, 2018, MFL had 876.95 crore in outstanding Muthoot Gold Bonds and Rs. 20,391.03 crore in other borrowings.
⚫ For the years ended March 31, 2014, 2015, 2016, 2017 and 2018, revenues from MFL’s Gold Loan business constituted 98.07% 98.19%, 98.49%, 97.95% and 96.66% respectively, of its total income.
⚫ As of March 31, 2014, 2015, 2016, 2017 2018 and 2019, MFL’s portfolio of outstanding gross Gold Loans under management was Rs. 23,349.90 crore, Rs. 24,335.54 crore, Rs. 27,219.96 crore, Rs. 28,848.39 crore and Rs. 33,585.30 crore, respectively, and approximately 117.55 tons, 131.13 tons, 141.91 tons, 148.81 tons and 155.39 tons respectively, of gold jewellery was held by MFL as security for its Gold Loans.
⚫ Gross non-performing assets (“NPAs”) were at 1.90%, 2.19%, 2.88%, 2.06% and 6.98% of MFL’s gross loan portfolio under management as of March 31, 2014, 2015, 2016, 2017 and 2018 respectively.
⚫ For the year ended March 31, 2014, consequent to a reduction in gold loan portfolio, MFL’s total income was Rs. 4,947.44 crore showing a decline of 8.16%. For the year ended March 31, 2015, its total income further declined by 12.59% at Rs. 4,324.64 crore, in spite of increase in gold loan portfolio on account of reduction in lending rates. For the year ended March 31, 2016, its total income increased by 12.73% at Rs. 4,875.02 crore due to intensified interest collection without offering any settlements. For the year ended March 31, 2017, its total income increased by 17.88% at Rs. 5,746.70 crore. For the year ended March 31, 2018, MFL’s total income increased by 8.64% at Rs. 6,243.20 crore.
⚫ For the year ended March 31, 2014 and March 31, 2015, consequent to a reduction in gold loan portfolio, MFL’s profit after tax was Rs. 780.07 crore and Rs. 670.52 crore showing a decline of 22.32% and 14.04% respectively. For the year ended March 31, 2016, 2017 and 2018, its profit after tax was at Rs. 809.55 crore, Rs. 1,179.83 crore and Rs. 1,720.27 crore shows an increase of 20.75%, 45.74% and 45.81%.
⚫ As of March 31, 2014, 2015, 2016, 2017 and 2018 MFL’s net worth was Rs. 4,264.58 crore, Rs. 5,083.50 crore, Rs. 5,619.25 crore, Rs. 6,516.54 crore and Rs. 7,760.41 crore respectively.

STRENGTHS
Market leading position in the Gold Loan business in India with pan-India reach and branch network
Gold loans are the core products in MFL’s asset portfolio. Its experience, through its Promoters, has enabled it to have a leading position in the Gold Loan business in India. MFL is the largest gold financing company in India in terms of loan portfolio as of March 31, 2018 according to the IMaCS Industry Report 2018. The loan portfolio as of March 31, 2018 comprised approximately 7.59 million loan accounts, in India with Gold Loans outstanding of Rs. 28,848.39 crore. The branch network has expanded significantly in recent years from 373 branches as of March 31, 2005 to 4,370 branches as of September 30, 2018. Due to early entry MFL has built a recognizable brand in the rural and semi-urban markets of India. The average disbursed Gold Loan amount outstanding was Rs. 37,994 per loan account as of March 31, 2018 while interest rates on the Gold Loans usually range between 12.00% and 24.00% per annum.
Strong brand name, track record, management expertise and Promoter support
MFL’s operating history has evolved over a period of 79 years. The experience, skills and goodwill acquired by the Promoters over these years cannot be easily replicated by competitors. Its highly experienced and motivated management team that capitalizes on this heritage at both the corporate and operational levels. The senior management team has extensive experience in the Gold Loan industry and has demonstrated the ability to grow the business through their operational leadership, strategic vision and ability to raise capital. Under the current management team, the loan assets portfolio has grown from Rs. 3,369.00 crore as of March 31, 2009 to Rs. 29,138.41 crore as of March 31, 2018.
High-quality customer service and robust operating systems
MFL adheres to a strict set of market survey and location guidelines when selecting branch sites to ensure that its branches are set up close to the customers. Each of the branches across India is staffed with persons who possess local knowledge and understanding of customers’ needs and who are trained to appraise collateral and disburse loans within a few minutes. MFL’s high quality customer service and short response time are significant competitive strengths that differentiate its services and products from those provided by commercial banks.
Strong capital raising ability to fund a high profitability business model
MFL has a track record of successfully raising capital from various sources at competitive costs. It regularly issues secured redeemable non-convertible debentures to retail investors, earlier on a private placement basis and now through public issue route as a means to access capital for its Gold Loan business. MFL believes that it is able to raise capital from retail investors because of its leadership, goodwill, trust, reputation, track record, performance, stability in the business and strong quality asset portfolio. As of March 31, 2014, 2015, 2016, 2017, 2018 and 2019 aggregate amount outstanding for its Muthoot Gold Bonds portfolio was Rs. 7,241.87 crore, Rs. 7,687.66 crore, Rs. 9,126.95 crore, Rs. 11,183.56 crore and Rs. 13,104.28 crore respectively. It has developed stable long-term relationships with its lenders, and established a track record of timely servicing its debts.
In-house training capabilities to meet the branch expansion requirements
MFL’s ability to timely appraise the quality of the gold jewellery collateral is critical to the business. It does not engage third parties to assess the collateral for the Gold Loans, but instead employs in-house staff for this purpose. MFL’s in-house training has built up a talent pool that enables it to staff new branches with qualified and skilled personnel as it seeks to grow its branch network. The in-house training capabilities also enable it to improve the skill sets of the existing personnel.

Registrar/allotment Status

LINK INTIME INDIA PRIVATE LIMITED (CIN: U67190MH1999PTC118368)
C-101, 247 Park, L B S Marg, Vikhroli West, Mumbai 400 089, India
Tel: (+91 22) 4918 6200, Fax: (+91 22) 4918 6195
Email:mfl.ncd2019@linkintime.co.in
Investor Grievance Email: mfl.ncd2019@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: : Shanti Gopalakrishnan
SEBI Registration No.: INR000004058
Click here to check your allotment status

Company Contact Details
MUTHOOT FINANCE LIMITED, (CIN: L65910KL1997PLC011300)
Registered and Corporate Office: 2nd Floor, Muthoot Chambers,
Opposite Saritha Theatre Complex, Banerji Road, Kochi 682 018, India.
Tel: (+91 484) 239 4712; Fax: (+91 484) 239 6506;
Website: www.muthootfinance.com; Email: ncd@muthootgroup.com.
Company Secretary and Compliance Officer: Rajesh A;
Tel: (+91 484) 669 0255; Fax: (+91 484) 239 6506;
E-mail: cs@muthootgroup.com

Stock Watch / Financial Info

Contact for Investment

Sanriya Investments.
Kamdhenu, 2nd Floor, Opp. Prakash (MSEB Office) Bhavan,
Next to Bank of Baroda, Near Chattushringi Temple, above Tribes India,
Senapati Bapat Rd, Shivajinagar, Pune, Maharashtra 411016
(M): 9175193456 / 9175937626
(E): santosh@sanriya.in ; info@sanriya.in (w): www.sanriya.in

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