FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
Muthoot Finance Ltd (MFL) is the largest gold financing company in India in terms of loan portfolio. They provide personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not 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.
They are a 'Systemically Important Non-deposit taking NBFC' headquartered in the south Indian state of Kerala. In addition to Gold Loans business, they provide money transfer services through their branches as sub-agents of various registered money transfer agencies, and have commenced providing collection agency services. They also operate three windmills in the state of Tamil Nadu.
Muthoot Finance NCD Review - By Dilip Davda
Issue Open | September 7, 2015 - October 7, 2015 |
Security Name | Muthoot Finance Ltd |
Security Type | |
Issue Size (Base) | Rs 250.00 Crores |
Issue Size (Shelf) | Rs [.] Crores |
Issue Price | Rs 1000 per NCD |
Face Value | Rs 1000 each NCD |
Minimum Lot size | 10 NCD |
Market Lot | 10 NCD |
Listing At | BSE |
Credit Rating | |
Tenor | |
Series | |
Payment Frequency | |
Basis of Allotment | First Come First Serve Basis |
The Net Proceeds raised through this Issue will be utilised for following activities in the ratio provided as below:
a) For the purpose of lending- 75% of the amount raised and allotted in the Issue
b) For General Corporate Purposes- 25% of the amount raised and allotted in the Issue
This issue is having ICRA AA- rating from ICRA indicating at high degree of safety regarding timely servicing of financial obligations. However, as per market perception, there are few takers for offers with such ratings.
Muthoot Finance Ltd
Muthoot Chambers,
Opp Saritha Theatre Complex, 2nd Flr,
Banerji Road, Kochi 682 018
Phone: (+91 484) 239 4712
Email: ncd@muthootgroup.com
Website: http://www.muthootfinance.com
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: mfl13.ncd@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|