About the Issuer
Muthoot Finance Limited (“MFL” / “the Company”) 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. In addition, MFL provides money transfer services through their branches as sub-agents of various registered money transfer agencies and also provide collection agency services. MFL has also started providing unsecured loans to salaried individuals and loans to traders and self-employed. Apart from the above, MFL also provide micro-finance, housing finance, vehicle and equipment finance and insurance broking services through its subsidiaries.
- Muthoot Finance Limited (MFL) is the flagship company of the Kerala-based business house, The Muthoot Group, which has diversified operations in financial services, healthcare, education and hospitality. MFL was incorporated in 1997 and is India’s largest gold loan focussed NBFC with total loan assets (standalone) of Rs. 56,689 crore and 4,617 branches as on June 30, 2022. The company derives a major portion of its business from South India (50% of the total gold loan portfolio as on March 31, 2022), where gold loans have traditionally been accepted as a means of availing short-term credit, although it has increased its presence beyond South India over the last few years.
- MFL reported a standalone net profit of Rs. 3,954 crore on an asset base of Rs. 70,555 crore in FY2022 against a net profit of Rs. 3,722 crore on an asset base of Rs. 63,465 crore in FY2021. For Q1 FY2023, it reported a net profit of Rs. 802 crore on an asset base of Rs. 65,808 crore as on June 30, 2022. The consolidated portfolio stood at Rs. 63,444 crore as on June 30, 2022 compared to Rs. 64,494 crore as on March 31, 2022 (Rs. 58,280 crore as on March 31, 2021), with gold, microfinance and housing accounting for 89%, 7% and 2%, respectively.
Competitive Strengths
Market leading position in the Gold Loan business in India with pan-India reach and branch network.
Strong brand name, track record, management expertise and Promoter support.
High-quality customer service and robust operating systems.
Strong capital raising ability to fund a high profitability business model.
In-house training capabilities to meet the branch expansion requirements.
NCD Public Issue by Muthoot Finance Limited, which primarily focuses on diversified operations in financial services, healthcare, education and hospitality, is live now on our website.
Issue Highlights:
✅Yield Upto: 8.25%
✅Tenure Upto: 60 Months
✅Issue Rating: ICRA AA+
✅Minimum Investment Amount: INR 10,000
Issue Opens On: 28 Nov 2022 (Today)
Issue Closes On: 19 Dec 2022*
For more details, click the here below
https://www.bondsindia.com/IPO/muthoot-finance-limited-ncd-ipo-nov-2022.html
