HomeNCD BondsMuthoot Fincorp NCD Jan 2023, Issue Date, Review & Interest Rates

Muthoot Fincorp NCD Jan 2023, Issue Date, Review & Interest Rates

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Muthoot Fincorp NCD Jan 2023, Issue Date, Review & Interest Rates

About Muthoot Fincorp

Muthoot Fincorp Limited is one of India’s leading NBFCs. As the flagship company of Muthoot Pappachan Group (also known as Muthoot Blue). The company offers an extensive array of financial services, like 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, Affordable Gold Jewlery and more. Each of the branches is like a financial super-market helping the customer in fulfilling most of the requirements under one roof.

Muthoot Fincorp NCD Jan 2023 Details

DescriptionNCD Details
NCD Issue Open 02-Jan-23
NCD Issue Close 27-Jan-23
Issue Size (Base)Rs. 200 Crores
Security Type Secured Redeemable non-convertible Debentures
Price Band Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 Bonds (Rs.10,000)
Series I-VIII
Credit Rating “CRISIL AA-/Stable” by CRISIL Limited
Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment First Come First Serve Basis
Symbol
Listing At BSE

Terms of the NCDs

Tenure 27 months 38 months 48 months 60 months 48 months 60 months 27 months 38 months
Options I II III IV V VI VII VIII
Frequency of Interest Payment Monthly Monthly Monthly Monthly Annually Annually NA NA
Nature Secured Secured Secured Unsecured Unsecured Secured Cumulative Cumulative
Minimum Application 10 NCDs (Rs 10,000) (across all options of NCDs)
In multiples, of 1 NCD after the minimum application
Face Value of NCDs (Rs/NCD) Rs 1,000
Issue Price (Rs /NCD) Rs 1,000
Coupon (%) per annum 8.10% 8.25% 8.40% 8.50% 8.70% 8.80% NA NA
Amount on Maturity (Retail)  Rs.1000 Rs.1000 Rs.1000 Rs.1000 Rs.1000 Rs.1000 Rs.1199 Rs.1297

Objects of the Issue

  • For the purpose of Working Capital–- 75% of the amount raised and allotted in the Issue; and
  • For General Corporate Purposes–- 25% of the amount raised and allotted in the Issue

Muthoot Fincorp NCD Jan 2023 – Documents

Muthoot Fincorp NCD Jan 2023 Lead Managers

  • SMC Capitals Limited

Muthoot Fincorp NCD Jan 2023 Registrar

  • Integrated Registry Management Services Private Limited

Muthoot Fincorp NCD Jan 2023 – FAQs

When is the Muthoot Fincorp NCD Jan 2023 issue open date?

The Muthoot Fincorp NCD Jan 2023 issue open date is on 2nd Jan 2023

When is the Muthoot Fincorp NCD Jan 2023 issue close date?

The Muthoot Fincorp NCD issue close date is on 27 Jan 2023

What is the price for one NCD for Muthoot Fincorp NCD Jan 2023 issue?

The price band is Rs 1000 per NCD and the minimum lot size is 10 Bonds (Rs. 10,000)

How to Apply Muthoot Fincorp Jan 2023 issue?

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Apply from your demat account, if you don’t have the Demat Account, click here to open the Demat Account.

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

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