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Headquartered in Kerala, India; Muthoot Fincorp Limited is in the business of providing personal and business loans secured by gold jewellery and ornaments.
The company is a part of the 'Muthoot Pappachan Group'
which has diversified business interests ranging from hospitality, financial services, catering, infrastructure for information technology, automobile sales and services and real estate.
The Gold Loan products of Muthoot Fincorp are structured to serve the business and personal purposes of individuals who possess gold but do not have ready or timely access to formal credit or to whom credit may not be available at all, to meet unanticipated or other shortterm liquidity requirements. The Gold Loan portfolio of the Muthoot Fincorp as of March 31, 2014 comprised approximately 21 lakh loan accounts that were serviced through 3,831 branches located across 15 states and the national capital territory of Delhi. As of July 31, 2014, the company employed 17,221 employees including 1,333 contracted experts in its operations.
In addition to the Gold Loan business, Muthoot Fincorp also provides foreign exchange conversion and money transfer services as sub-agents of various registered money transfer agencies. The company is also engaged in generation and sale of wind energy through its wind farms located in Tamil Nadu. Further, the company is also engaged in micro finance business, aimed at providing micro credit facility to aspiring women entrepreneurs.
| Issue Open | September 15, 2014 - October 15, 2014 |
| Security Name | Muthoot Fincorp Limited |
| Security Type | |
| Issue Size (Base) | Rs 150.00 Crores |
| Issue Size (Shelf) | Rs [.] Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | |
| 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 Promoters of the Company are:
1. Mr. Thomas John Muthoot;
2. Mr. Thomas George Muthoot; and
3. Mr. Thomas Muthoot.
The Net Proceeds raised through this Issue will be utilised for following activities in the ratio provided as below :
1. For the purpose of lending- 75% of the amount raised and allotted in the Issue
2. For General Corporate Purposes- 25% of the amount raised and allotted in the Issue
CRISIL assigned a rating of "CRISIL A/Stable" to the NCD. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
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Muthoot Fincorp Limited
Muthoot Centre,
Punnen Road,
Trivandrum 695 034
Phone: +91 (471) 3911550
Email: cs@muthootfincorp.com
Website: http://www.muthootfincorp.com
Phone:
Email:
Website: http://
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Investors are worried about their investment and see as doubtful investment. I am sub-broker I can''t press clients to invest again and again. At present, gold price is also going to reduce level.