Free Trading + Demat Account

Muthoot Finance Ltd NCD (Muthoot Finance NCD) Detail

Apr 11, 2017 - May 10, 2017

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.

Company Promoters:

The promoters of the company are:

1. M G George Muthoot,
2. George Alexander Muthoot,
3. George Thomas Muthoot,
4. George Jacob Muthoot

Objects of the Issue:

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 Tranche I Issue

b) For General Corporate Purposes- 25% of the amount raised and allotted in the Tranche I Issue

Issue Detail:

  »»  Issue Open: Apr 11, 2017 - May 10, 2017
  »»  Issue Type: Fixed Price Issue NCD
  »»  Issue Size: 2,000,000 NCD's of Rs. 1000
  »»  Issue Size: Rs. 200.00 Crore
  »»  Face Value: Rs. 1000 Per NCD
  »»  Issue Price: Rs. 1000 Per NCD
  »»  Market Lot: 10 NCD
  »»  Minimum Order Quantity: 10 NCD
  »»  Listing At: BSE

Ratings

This issue is rated ICRA AA/Stable and CRISIL AA/Stable. The rating of the Secured NCDs and Unsecured NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations.

Offerings

NCDs have tenure of 400 days, 18 months, 24 months, 38 months and 60 months. It offers coupon rates ranging from 8.15% to 9% based on the tenure and the interest payment options.

Useful Links

Company Contact Information

Muthoot Finance Ltd
Muthoot Chambers,
Opp Saritha Theatre Complex, 2nd Flr,
Banerji Road, Kochi 682 018
Phone: (+91 484) 239 4712
Fax: (+91 484) 239 6506
Email: ncd@muthootgroup.com
Website: http://www.muthootfinance.com

Muthoot Finance NCD Rating

30
3.4
Rating:Rated 3.4 stars

Vote Here ...

Muthoot Finance NCD Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: mfl.ncd2017@linkintime.co.in
Website: http://www.linkintime.co.in

Muthoot Finance NCD Lead Manager(s)

Stock Brokers in India (Detailed Comparison)

We provide detail comparison of stock / commodities brokers. We helped over 75,000 traders/investors to save 60% or more brokerage in last 3 years. Here is the list of popular brokers to help investors like you to find the best broker.

We can help you choosing the right broker. Contact us today...

Muthoot Finance NCD Comments

avatar
7. PIYUSH CHAUDHARY  Apr 8, 2017 1:07:54 PM IST Reply
FOLLOWING ARE THE BETTER OPTIONS AS COMPARED TO MUTHOOT FINANCE NCD OFFER :
IBHFL NE SERIES NCD (INDIABULL HOUSING FINANCE)
DHFL NC SERIES NCD (DEWAN HOUSING FINANCE)
EHFL N-6 SERIES NCD (EDELWEISS HOUSING FINANCE)
RHFL N-6 SERIES NCD (RELIANCE HOME FINANCE)

YOU CAN EASILY PURCHASE THE ABOVE NCD''s FROM SECONDARY MARKET. BETTER YIELD THAN MUTHOOT NCD AND EITHER EQUAL OR HIGHER SAFETY.
avatar
7.1. Vishal Gupta  May 18, 2017 5:47:36 PM IST
@Piyush Chaudhary Thanks for sharing details of other listed NCD''s. Appreciate !
avatar
6. akshaaa  Apr 24, 2017 12:27:21 PM IST Reply
allotment date?
avatar
5. UnderRighter  Apr 13, 2017 3:01:48 PM IST Reply
Yes. Fully Subscribed, so closed.
avatar
4. Raj Kannan  Apr 13, 2017 1:10:03 PM IST Reply
Is this NCD fully subscribed. I am getting options for applying in Sharekhan and SBI though it was visible in Sharekhan yesterday.
avatar
3. BigggBosss  Apr 11, 2017 1:48:25 PM IST Reply
kis series me jyada bharna hai
avatar
2. UnderRighter  Apr 8, 2017 7:10:05 PM IST Reply
this issue will open and close on the same day beacuse of full subscriptions.... 11th april
avatar
1. PIYUSH CHAUDHARY  Apr 5, 2017 5:57:58 PM IST Reply
MUTHOOT FINANCE IS A NICE COMPANY AND AA RATING ASSURES HIGH SECURITY OF DEPOSITS. BUT INTEREST RATE IS QUITE LOW THEREFORE IT IS NOT WORTH INVESTING BECAUSE OTHER BETTER NCD OPTIONS ARE AVAILABLE IN SECONDARY MARKET,
SUCH AS
DHFL NCD AAA RATING 9.30%
EHFL AA RATING 10%
INDIA BULLS HFL AAA RATING 9.15%
special_offers
By Popular Stock Brokers
ProStocks Reivew
ProStocks
Flat Fee Broker

Rs 899 Unlimited Equity
Rs 499 Unlimited Curr
or Rs 15 per Trade

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty

FREE Trading + Demat Acct

Flat Rs 20 Per Trade
Free Equity Delivery Trades

Rs 100 off on account opening*

Enquire Now
(* on online account opening)

Intraday @ 0.02%
Delivery @ 0.15%

Rs 0 account opening fee
(Rs 400 waived)


Request Demo

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading + Demat Acct
(Rs 1150 waived)

Request Call Back

RKSV Discount Broker Review  RKSV

Ditch & Switch

Switch to RKSV and earn brokerage credit of Rs 2000

Get RKSV Trading Account



More About Brokers

Special Offers Broker Reports

Message Board

Stock Message Board


Search Chittorgarh.com:

Translate Chittorgarh.com: