Incorporated in 1997, Muthoot Finance Ltd is the Kerala - based largest gold financing company in India in terms of loan portfolio. Muthoot Finance provides personal and business loans secured by gold jewellery, or Gold Loans. They have 1605 branches across 20 states and two union territories in India.
Customers of Muthoot Finance are typically small businessmen, vendors, traders, farmers and salaried individuals. They provide retail loan products, primarily comprising Gold Loans. They also disburse other loans, including those secured by Muthoot Gold Bonds. Their Gold Loans have a maximum 12 month term. Other then Gold Loans business, they provide money transfer services through their branches as sub-agents of various registered money transfer agencies. Company also operates three windmills in the state of Tamil Nadu.
Muthoot Finance is coming up with a public issue of Secured Non-Convertible Debentures of face value of Rs. 1,000 each, (NCDs), aggregating upto Rs. 300 Crores with an option to retain over-subscription upto Rs. 300 Crores for issuance of additional NCDs aggregating to a total of upto Rs. 600 Crores.
Public issue of Muthoot Finance NCD will remain open from Dec 22, 2011 to Jan 07, 2012. Minimum order quantity for Muthoot NCD is 5 NCDs (Rs 5000) and after that in multiples of 1 NCD (Rs 1000).
The NCD is available for 4 tenors - 24 months, 36 months, 60 months and 66 months. The coupon rate for this NCD is fixed at 13.00% to 13.43% based on the tenors of the NCD. Redemption amount will be repayment of the Face Value plus any interest that may have accrued at the Redemption Date.
The Issue is rated by CRISIL and ICRA with AA-/Stable rating. ICICI Securities Limited, A.K. Capital Services Limited HDFC Bank Limited and Karvy Investor Services Limited are the Lead Managers for this issue.
Company Promoters:The following individuals are the Promoters of the Company:
1. M.G. George Muthoot;2. George Thomas Muthoot;3. George Jacob Muthoot; and4. George Alexander Muthoot
|Particulars||For the year/period ended (in Rs. Millions)|
|Profit After Tax (PAT)||4,942.00||2,275.75||977.20||635.97||439.79||271.27|
Objects of the Issue:The funds raised through this NCD will be utilised for various financing activities including:
1. Lending and investments,2. To repay existing liabilities or loans and 3. Towards business operations including for capital expenditure and working capital requirements, after meeting the expenditures of and related to the Issue.
»» Issue Open: Dec 22, 2011 - Jan 7, 2012
»» Issue Type: Fixed Price Issue NCD
»» Issue Size: NCD's of Rs. 1000
»» Issue Size: Rs. 300.00 Crore
»» Face Value: Rs. 1000 Per NCD
»» Issue Price: Rs. 1000 Per NCD
»» Market Lot: 1 NCD
»» Minimum Order Quantity: 5 NCD
»» Listing At: BSE
Muthoot Finance NCD Rating
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Muthoot Finance NCD Messages (Muthoot Finance NCD Comments)
9. K V Subba Rao Sep 10, 2012 5:41:11 PM IST | Reply |
30th Aug 12 is Record Date
9.1. sudha kumae Sep 16, 2012 12:07:04 AM IST |
Hi All, till data i didnot received the interest payout. Amount is not credited to my account and didnot received cheque. How to proceed further. please help me.
8. gundu anna Jan 22, 2012 8:33:56 PM IST | Reply |
In a move to check volatile price movements on the first day of trading in newly listed and re-listed stocks, market regulator SEBI has said that normal trading can now take place only after a call auction session, reports CNBC-TV18's Sajeet Manghat.
Since the regulator was looking at various options, it took SEBI more than a year to get this act together.
If you remember, some of stocks used to run up by nearly 50-60% on listing day and used to jump by nearly 100% over a period of week. However, once retail investors used to get in, they suddenly plunge by 50-60%. Due to this, the regulator was looking at a mechanism to curb the volatility and it has finally come out with one wherein all the IPO stocks and the companies which are relisting again will have to go through a pre-open call auction for 45 minutes after which there would be a settlement of trades. Only after that will the opening trade begin at 10:00 am instead of 9:15 am. So that's a one hour period where you have to put in all your bids and the entire thing would be delivery based.
The regulator has gone one step further and said that any IPO below Rs 250 crore will have a price band after 10:00 am and any IPO above Rs 250 crore will have a 20% price band. It also says that IPOs below Rs 250 crore will have to go through a 10 day period where they will be trade for trade (T2T). This basically means that you can trade in the scrip only if you have shares in your account, which means there won't be any speculative trading in these stocks. So that's a big move from SEBI to curb the listing day volatility.
7. Shankara Narayanan T S Jan 11, 2012 11:09:27 AM IST | Reply |
I want to know the allotment status of Muthoot Finance NCD.
From where I can get the same?
7.1. g medhe Jan 12, 2012 9:42:23 AM IST |
waiting for the same,it is 5 days since the period is over
7.2. vineet r Jan 20, 2012 10:09:25 AM IST |
u can check on
7.3. dash dash Jan 21, 2012 1:00:42 PM IST |
7.4. dash dash Jan 27, 2012 1:01:45 AM IST |
ITS BEEN LISTED SINCE A LONG TIME NOW ! 14.90 rs premium !
6. Narendra Kumar SS Jan 1, 2012 11:09:24 AM IST | Reply |
Visit economicttimes dot blog spot dot com to know "Key Information" about this issue. Read the prospectus and key details before applying for the issue.
5. satyanarayana jalluri Dec 28, 2011 10:16:23 PM IST | Reply |
Please suggest me whether i can go ahead investing in this ncd. what could be the grey market price for this. is the company capable to pay the interest. in their docs: 11% is net margin receiving on thier amount. but they are offering max 13.43%. seems to be irrelevant. suggest me .
5.1. vas nat Dec 29, 2011 11:52:23 PM IST |
Muthoot Finance NCDs currently are trading @ 14.25% yield. Assuming the yield to remain same, the new NCDs would trade @ 2-3 % discount. Suggest not to apply.
5.2. Vijayakumar Bobbasi Dec 30, 2011 8:30:36 PM IST |
Observe the past NCDs which are traded from last three months and consider company capability......
4. gundu anna Dec 24, 2011 3:04:26 PM IST | Reply |
there are not much comments in this forum. probably this is the best time to invest in this kind of issues...
3. khyyomjo assart Dec 23, 2011 9:56:36 AM IST | Reply |
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2. Rajnikant Dec 21, 2011 8:35:21 PM IST | Reply |
run and forget till 10yrs because u will not get ur money back
1. gundu anna Dec 21, 2011 7:29:20 PM IST | Reply |
One apply for muthood NCD, very gud option for retail investors. run and apply...
Author: Chittorgarh.com Team
Date published: 1/7/2012
Rating: 3.8 out of 5