9.65% MUTHOOT FINCORP 30 OCT 2030
Yield9.10%9.10%
Bond Issuer
Muthoot Fincorp Limited
Muthoot Fincorp Limited is a company in the non-banking finance company category. It is a non-deposit-taking NBFC. The company is engaged in providing customers with personal loans…
Issuer Overview
Muthoot Fincorp Limited is a company in the non-banking finance company category. It is a non-deposit-taking NBFC. The company is engaged in providing customers with personal loans and business loans that are duly secured against jewellery and other gold ornaments. It has branches across the country.
About Company
Muthoot Fincorp Limited the non-deposit taking NBFC is in the continued process of business expansion. The company recently launched its 8th public issue which is said to have received a good response from the investors. The issue is for secured and unsecured redeemable non-convertible debentures (NCDs). It is issued with the aim to raise rupee 250 crores aggregating to ₹500 crores with an option to retain oversubscription up to ₹250 crores.
Business Overview
On the revenue of 3,328 Core, the PAT in FY’22 was 346 Cores. Muthoot Fincorp Limited today has more than 3655 branches in more than 23 states in the country. The investment decision in the Muthoot Fincorp Limited IPO can prove fruitful.
Key Highlights
- Part of the Muthoot Pappachan Group
- Large gold-loan distribution network
- Frequent NCD issuances for retail investors
Credit Rating
Verify latest agency ratings for specific ISINs
Industries Served
- Gold Loans
- Microfinance (group)
- SME Finance
- Money Transfer
Strengths
- Specialized in personal and business loans secured against gold
- Also, a good database of customers availing of Home Loan & Auto Loans
- Muthoot Fincorp Limited branches are 3,655+ in India
Risk Factors
- Gold price volatility affecting LTV and recoveries
- Regulatory changes for gold loan NBFCs
- Funding and interest-rate risk
Why Invest
- Muthoot Fincorp Limited is a fast-growing company offering competitive loan percentages. It provides various types of loans, including home loans and auto loans.
- With over 3,655 branches and a presence in 24 states across India, Muthoot Fincorp Limited has established a widespread network.
- The company has made significant progress, with a team of 17,013 employees contributing to its growth trajectory.
- Muthoot Fincorp Limited has disbursed loans worth over 35,000 Crores, making it the third largest Non-Banking Financial Company (NBFC) specialising in gold loans.
- Key loans – gold loans, housing loans, small business loans, two-wheeler loans, and used car loans
Financial Snapshot
- Segment
- Gold Loan NBFC
- Focus
- Retail Gold Credit
FAQs
The proposed Aug 2022 NCDs have been rated as AA+ (Stable) by ICRA which means it has a high degree of financial obligations safety. Investors can expect timely servicing of various financial obligations.
The allotment of the proposed NCDs is purely on a first come-first-serve basis. You can submit your bid in advance to increase your chances of investment in Muthoot Fincorp Limited NCD IPOs.
The company Muthoot Fincorp Limits is primarily engaged in the business of rendering business loans and personal loans. The loans are secured against gold ornaments and jewellery.
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Disclaimer
The facts and information on this page are for information and awareness purposes only. No information provided here is intended for any specific user and should not be construed as investment advice or a recommendation of any kind. Consult your professional investment or tax advisor before investing in any securities, including bonds mentioned on this page. Digifinn (Launchpad Fintech Private Limited) shall not be liable for losses incurred based on decisions made using information on this page. Investments in debt securities are subject to credit, market, liquidity and default risks. Past performance is not indicative of future results. Verify the latest credit ratings, offer documents and suitability before investing.