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Muthoot Finance Limited NCD (Muthoot Finance NCD April 2018) Detail

Apr 9, 2018 - May 8, 2018

Muthoot Finance Ltd (MFL) is the largest gold financing company in India in terms of loan portfolio. The company provides personal and business loans secured by gold jewelry, or Gold Loans, primarily to individuals who possess gold jewelry 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.

Muthoot is a 'Systemically Important Non-deposit taking NBFC' headquartered Kerala. In addition to Gold Loans, the company is also engaged in money transfer services through its branches as sub-agents of various registered money transfer agencies, and have commenced providing collection agency services. It also operates three windmills in the state of Tamil Nadu.

Muthoot Finance NCD April 2018 Detail

Issue OpenApr 9, 2018 - May 8, 2018
Security NameMuthoot Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base)Rs 3,000.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Listing AtBSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

Institutional Portion
Non-Institutional Portion
High Net Worth Individual Investors Portion
Retail Individual Investors Portion

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 Tranche I Issue will be utilized 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

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

Muthoot Finance NCD April 2018 Prospectus

Muthoot Finance NCD April 2018 Rating

21
4.0
Rating:Rated 4.0 stars

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Muthoot Finance NCD April 2018 Reviews / Ratings

Company Contact Information

Muthoot Finance Limited
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

Muthoot Finance NCD April 2018 Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: mfl.ncd2018@linkintime.co.in
Website: http://www.linkintime.co.in

Muthoot Finance NCD April 2018 Lead Manager(s)

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Muthoot Finance NCD April 2018 Review / Comments

avatar
4. MANISH JAIN PATNI  May 14, 2018 12:56 Reply
IS BOND LISTED ON PREMIUM ,PURCHASE IT
avatar
3. mittaldatt  Apr 27, 2018 11:00 Reply
Which is the listing date
avatar
2. jit kumar  Apr 20, 2018 13:21 Reply
When it will be listed
avatar
1. Jaspreet Singh Oberoi  Apr 17, 2018 19:01 Reply
The NCD issue closed on 10th April. Any idea by when would the allotment be done ?
avatar
5.1. AnkurGoel  Apr 18, 2018 21:10
Within 14 days of closure date.
avatar
5.2. AnkurGoel  Apr 19, 2018 17:42
Allotment out. Money debited from the account.



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