{"id":5920,"date":"2023-04-07T08:48:55","date_gmt":"2023-04-07T08:48:55","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=5920"},"modified":"2026-02-25T15:38:51","modified_gmt":"2026-02-25T15:38:51","slug":"muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/","title":{"rendered":"MUTHOOT FINANCE LTD NCD IPO TRANCHE V- April, 2023, Should you Invest?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#High_Yield_AAStable_Rated_Minimum_Investment_10k_Only\" >High Yield\u00a0|\u00a0AA+\/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#Muthoot_Finance_Ltd_NCD_IPO_Coupon_rates_and_effective_yield_for_each_of_the_series\" >Muthoot Finance Ltd NCD IPO: Coupon rates and effective yield for each of the series\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#Allocation_Ratio\" >Allocation Ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#Investment_Process_for_Muthoot_Finance_Ltd_NCD_IPO\" >Investment Process for Muthoot Finance Ltd NCD IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#Financial_Overview\" >Financial Overview<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#Snapshot_stating_the_Revenue_Expenses_EBIT_Net_Worth_and_PAT\" >Snapshot stating the Revenue, Expenses, EBIT, Net Worth and PAT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#Cash_flow_for_last_5_years\" >Cash flow for last 5 years<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#Ratio_Analysis\" >Ratio Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#Issue_analysis\" >Issue analysis<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#Pros\" >Pros\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#Cons\" >Cons\u00a0<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\" >To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#About_Muthoot_Finance_Ltd\" >About Muthoot Finance Ltd.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#Strengths\" >Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#Weakness\" >Weakness<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/#Invest_in_Bond_IPO_online_in_just_5_minutes\" >Invest in Bond IPO online in just 5 minutes<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"High_Yield_AAStable_Rated_Minimum_Investment_10k_Only\"><\/span><span style=\"font-weight: 400;\">High Yield\u00a0|\u00a0AA+\/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Muthoot Finance Ltd<\/span> <span style=\"font-weight: 400;\">is issuing Non-Convertible Debentures. These NCDs are AA+\/Stable by ICRA. The NCDs are being issued in seven series: yield ranges from 7.75% to 8.60% p.a. and different tenures of 25 months, 37 months and 61 months. The NCDs are secured and redeemable in nature.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5930\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06140726\/Screenshot-2023-04-06-193634-300x300.png\" alt=\"Issuer of Muthoot Finance Limited\" width=\"525\" height=\"525\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06140726\/Screenshot-2023-04-06-193634-300x300.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06140726\/Screenshot-2023-04-06-193634-150x150.png 150w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06140726\/Screenshot-2023-04-06-193634-585x585.png 585w\" sizes=\"(max-width: 525px) 100vw, 525px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Muthoot_Finance_Ltd_NCD_IPO_Coupon_rates_and_effective_yield_for_each_of_the_series\"><\/span><strong>Muthoot Finance Ltd NCD IPO: Coupon rates and effective yield for each of the series\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5921\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135359\/COUPON-RATE-300x161.png\" alt=\"Coupon rates and effective yield for Muthoot Finance Ltd NCD IPO\" width=\"607\" height=\"326\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135359\/COUPON-RATE-300x161.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135359\/COUPON-RATE-1024x549.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135359\/COUPON-RATE-768x412.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135359\/COUPON-RATE-1536x824.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135359\/COUPON-RATE-2048x1098.png 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135359\/COUPON-RATE-1170x627.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135359\/COUPON-RATE-1920x1030.png 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135359\/COUPON-RATE-585x314.png 585w\" sizes=\"(max-width: 607px) 100vw, 607px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Allocation_Ratio\"><\/span><strong>Allocation Ratio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The allocation ratio is prepared based on norms laid down by SEBI. Before announcing the allocation ratio, the same has to be approved by <a href=\"https:\/\/www.sebi.gov.in\/\" target=\"_blank\" rel=\"noopener noreferrer\">SEBI<\/a>.\u00a0 Once the IPO subscription closes, applications will be divided into different categories. The category-wise allocation ratio is always decided and declared during the launch of the particular IPO. Considering the Allocation Ratio, units will be assigned to applicants. Refer to the chart to know the application ratio for Muthoot Finance Ltd NCD-IPO.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5922\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135427\/Allocation-Ratio-1-1-585x439-1-300x225.png\" alt=\"Allocation Ratio for Muthoot Finance Ltd NCD IPO\" width=\"453\" height=\"340\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135427\/Allocation-Ratio-1-1-585x439-1-300x225.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135427\/Allocation-Ratio-1-1-585x439-1.png 585w\" sizes=\"(max-width: 453px) 100vw, 453px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investment_Process_for_Muthoot_Finance_Ltd_NCD_IPO\"><\/span><b>Investment Process for Muthoot Finance Ltd NCD IPO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You can <a href=\"https:\/\/goldenpi.com\/blog\/essentials\/how-to-invest-in-ncd-ipo-online\/\" target=\"_blank\" rel=\"noopener noreferrer\">invest in IPOs<\/a> via <a href=\"https:\/\/goldenpi.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">GoldenPi<\/a> in 3 easy steps.<\/span><\/p>\n<p><b>If the investment amount is\u00a0 less than &amp; up to 10 lakhs,<\/b><span style=\"font-weight: 400;\"> retail investors can apply for an <a href=\"https:\/\/goldenpi.com\/bond-ipo-online\" target=\"_blank\" rel=\"noopener noreferrer\">IPO online<\/a>.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5923\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135500\/12-768x384-3-300x150.jpg\" alt=\"Investment Process for Muthoot Finance Ltd NCD IPO\" width=\"502\" height=\"251\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135500\/12-768x384-3-300x150.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135500\/12-768x384-3-585x293.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135500\/12-768x384-3.jpg 768w\" sizes=\"(max-width: 502px) 100vw, 502px\" \/><\/p>\n<p><b>If the investment amount is more than 10 Lakhs.<\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5924\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135527\/11-768x384-3-300x150.jpg\" alt=\"Investment Process for Muthoot Finance Ltd NCD IPO\" width=\"508\" height=\"254\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135527\/11-768x384-3-300x150.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135527\/11-768x384-3-585x293.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135527\/11-768x384-3.jpg 768w\" sizes=\"(max-width: 508px) 100vw, 508px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Overview\"><\/span><b>Financial Overview<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Snapshot_stating_the_Revenue_Expenses_EBIT_Net_Worth_and_PAT\"><\/span><strong>Snapshot stating the Revenue, Expenses, EBIT, Net Worth and PAT<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5925\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135551\/Financial-Overview-1-1-768x530-1-300x207.png\" alt=\"Financial Overview of Revenue Expenses, EBIT, Net Worth and Pat\" width=\"472\" height=\"326\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135551\/Financial-Overview-1-1-768x530-1-300x207.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135551\/Financial-Overview-1-1-768x530-1-585x404.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135551\/Financial-Overview-1-1-768x530-1.png 768w\" sizes=\"(max-width: 472px) 100vw, 472px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cash_flow_for_last_5_years\"><\/span><b>Cash flow for last 5 years<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5926\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135610\/Cashflow-for-last-5-years-2-768x420-1-300x164.png\" alt=\"Financial Overview of Revenue Expenses, EBIT, Net Worth and Pat\" width=\"474\" height=\"259\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135610\/Cashflow-for-last-5-years-2-768x420-1-300x164.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135610\/Cashflow-for-last-5-years-2-768x420-1-585x320.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135610\/Cashflow-for-last-5-years-2-768x420-1.png 768w\" sizes=\"(max-width: 474px) 100vw, 474px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">*Cash flow from operating activities reflects the amount a company generates through its product of services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">**Cash flow from investing activities reflects cash generated and spent relating to investing activities, like purchase of assets, sales of securities etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><span style=\"font-weight: 400;\">***Cash flow from financing activities gives an insight into the financial stability of a company to its investors. It reflects <\/span><span style=\"font-weight: 400;\">the net flows of cash that are used to fund the company.<\/span><\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ratio_Analysis\"><\/span><b>Ratio Analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5927\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135633\/Table-Format-Muthoot-1-768x672-1-300x263.png\" alt=\"Ratio Analysis for Muthoot Finance Ltd NCD IPOFinancial Overview\" width=\"680\" height=\"596\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135633\/Table-Format-Muthoot-1-768x672-1-300x263.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135633\/Table-Format-Muthoot-1-768x672-1-585x512.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135633\/Table-Format-Muthoot-1-768x672-1.png 768w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Issue_analysis\"><\/span><b>Issue analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Pros\"><\/span><span style=\"font-weight: 400;\"><strong>Pros<\/strong>\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The NCD is AA+ rated security with a stable outlook.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The coupon rate is between 7.75% to 8.60% which is much higher than FDs.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cons\"><\/span><span style=\"font-weight: 400;\"><strong>Cons<\/strong>\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Debt Service Coverage ratio has been decreasing indicating that the company might not be able to service its debt through available profits.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Net NPA has been increasing at a higher pace.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-better-return-fds\"><b>To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Muthoot_Finance_Ltd\"><\/span><b>About Muthoot Finance Ltd.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Founded in 1939, Muthoot Finance Ltd. is the largest gold loan NBFC in India. <\/span><span style=\"font-weight: 400;\">\u00a0It is registered as \u201cSystemically Important Non-Deposit -Taking Non-Banking Financial Company\u201d with RBI. The company is headquartered in Kochi, Kerala and also have presence in the UK, the US and the United Arab Emirates.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Business Verticals-<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Foreign Exchange Services<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Money Transfers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Wealth Management Services<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Travel and tourism services<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sells gold coins<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">As on September 2022<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5928\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135835\/Screenshot-2023-02-07-113903-300x109.png\" alt=\"About Muthoot Finance Ltd\" width=\"586\" height=\"213\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135835\/Screenshot-2023-02-07-113903-300x109.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135835\/Screenshot-2023-02-07-113903-1024x373.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135835\/Screenshot-2023-02-07-113903-768x280.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135835\/Screenshot-2023-02-07-113903-585x213.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135835\/Screenshot-2023-02-07-113903.png 1048w\" sizes=\"(max-width: 586px) 100vw, 586px\" \/><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5929\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135854\/Screenshot-2023-02-07-113931-300x104.png\" alt=\"About Muthoot Finance Ltd\" width=\"615\" height=\"213\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135854\/Screenshot-2023-02-07-113931-300x104.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135854\/Screenshot-2023-02-07-113931-1024x356.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135854\/Screenshot-2023-02-07-113931-768x267.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135854\/Screenshot-2023-02-07-113931-585x203.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/04\/06135854\/Screenshot-2023-02-07-113931.png 1036w\" sizes=\"(max-width: 615px) 100vw, 615px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Strengths\"><\/span><b>Strengths<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strong Gold loan business. The total Loan portfolio of the company includes 99% of the gold loan.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Healthy earnings profile.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Capitalisation to remain healthy over medium term<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Weakness\"><\/span><b>Weakness<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Geographically restricted, MFL\u2019s operations are largely concentrated in South India.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Covid-19 disrupted the performance of non-gold segments.<\/span><\/li>\n<\/ul>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Invest_in_Bond_IPO_online_in_just_5_minutes\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-ipo-online\"><b>Invest in Bond IPO online in just 5 minutes<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Disclaimer: Investments in debt securities are subject to risks. Read all the offer related documents carefully.\u00a0<\/span><\/p>\n<div id=\"footable_parent_7864\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui \">\n                <div class=\"pcrstb-wrap\"><table data-ninja_table_instance=\"ninja_table_instance_0\" data-footable_id=\"7864\" data-filter-delay=\"1000\" aria-label=\"IPO Table - Muthoot Finance (5).csv\"            id=\"footable_7864\"\n           data-unique_identifier=\"ninja_table_unique_id_3031151952_7864\"\n           class=\" foo-table ninja_footable foo_table_7864 ninja_table_unique_id_3031151952_7864 ui table  nt_type_legacy_table selectable striped vertical_centered  footable-paging-right ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                            <col class=\"ninja_column_2 \">\n                            <col class=\"ninja_column_3 \">\n                            <col class=\"ninja_column_4 \">\n                            <col class=\"ninja_column_5 \">\n                            <col class=\"ninja_column_6 \">\n                    <\/colgroup>\n        <thead>\n<tr class=\"footable-header\">\n                                                                                                                        <th scope=\"col\"  class=\"ninja_column_0 ninja_clmn_nm_details \">Details <\/th><th scope=\"col\"  class=\"ninja_column_1 ninja_clmn_nm_maximumyield \">Maximum yield<\/th><th scope=\"col\"  class=\"ninja_column_2 ninja_clmn_nm_overallissuesize \">Overall Issue Size\t<\/th><th scope=\"col\"  class=\"ninja_column_3 ninja_clmn_nm_creditrating \">Credit Rating<\/th><th scope=\"col\"  class=\"ninja_column_4 ninja_clmn_nm_startdate \">Start Date<\/th><th scope=\"col\"  class=\"ninja_column_5 ninja_clmn_nm_closingdate \">Closing Date<\/th><th scope=\"col\"  class=\"ninja_column_6 ninja_clmn_nm_formoredetails \">For more details<\/th><\/tr>\n<\/thead>\n<tbody>\n\n        <tr data-row_id=\"150\" class=\"ninja_table_row_0 nt_row_id_150\">\n            <td>Muthoot Finance NCD IPO April 2023 <\/td><td>8.60%%<\/td><td>75 cr<\/td><td>ICRA AA+ (Stable)<\/td><td>April 12, 2023<\/td><td>April 26, 2023<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-april-2023-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"151\" class=\"ninja_table_row_1 nt_row_id_151\">\n            <td>Muthoot Finance NCD IPO February 2023 <\/td><td>8.60%%<\/td><td>500 cr<\/td><td>ICRA AA+ (Stable)<\/td><td>February 8, 2023<\/td><td>March 3, 2023<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-february-2023-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"152\" class=\"ninja_table_row_2 nt_row_id_152\">\n            <td>Muthoot Finance NCD IPO September 2023<\/td><td>8.60%<\/td><td>700 cr<\/td><td>ICRA AA+ (Stable)<\/td><td>September 21, 2023<\/td><td>October 6, 2023<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-tranche-v-september-2023-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"153\" class=\"ninja_table_row_3 nt_row_id_153\">\n            <td>Muthoot Finance NCD IPO November 2022<\/td><td>8.25%<\/td><td>300 cr <\/td><td>ICRA AA+ (Stable)<\/td><td>November 28, 2022<\/td><td>Dece,ber 19, 2022<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ipo-tr-iv-november-2022-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"154\" class=\"ninja_table_row_4 nt_row_id_154\">\n            <td>Muthoot Finance NCD IPO October 2022<\/td><td>8%<\/td><td>500 cr<\/td><td>ICRA AA+ (Stable)<\/td><td>October 6, 2022<\/td><td>October 26, 2022<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ipo-october-2022-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"155\" class=\"ninja_table_row_5 nt_row_id_155\">\n            <td>Muthoot Finance NCD IPO May 2022<\/td><td>8%<\/td><td>300 cr<\/td><td>ICRA AA+ Stable <\/td><td>May 25, 2022<\/td><td>June 17, 2022<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ncd-ipo-may-2022-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"156\" class=\"ninja_table_row_6 nt_row_id_156\">\n            <td>Muthoot Finance NCD IPO April 2022<\/td><td>8%<\/td><td>500 cr<\/td><td>ICRA AA+ Stable <\/td><td>April 7, 2022<\/td><td>April 29, 2022<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/muthoot-finance-ltd-ipo-april-2022-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"157\" class=\"ninja_table_row_7 nt_row_id_157\">\n            <td>Muthoot Finance NCD IPO December 2020<\/td><td>7.75%<\/td><td>100 cr<\/td><td>CRISIL AA<\/td><td>December 11, 2020<\/td><td>January 5, 2021<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-finance\/ipo-muthoot-finance-limited-issuing-ncds-at-7-75-coupon-annually-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n    <\/tbody><!--ninja_tobody_rendering_done-->\n    <\/table><\/div>\n    \n    \n    \n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>High Yield\u00a0|\u00a0AA+\/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only \u00a0 Muthoot Finance Ltd is issuing Non-Convertible Debentures. These NCDs are AA+\/Stable by ICRA. The NCDs&hellip;<\/p>\n","protected":false},"author":4,"featured_media":12174,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[152],"tags":[94,143],"class_list":["post-5920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-muthoot-finance","tag-ncd-ipo","tag-muthoot-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MUTHOOT FINANCE LTD NCD IPO TRANCHE V- April, 2023<\/title>\n<meta name=\"description\" content=\"MUTHOOT FINANCE LTD is launching its NCD IPO Tranche V in April 2023. Is it worth investing? Read our analysis and make an informed decision. 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