Unlimited Trading @ Rs 899 per month - Prostocks

Muthoot Fincorp Limited NCD (Muthoot Fincorp Limited NCD Sept 2019) Detail

Sep 20, 2019 - Oct 18, 2019

Incorporated in 1997, Muthoot Fincorp Limited is a non-deposit taking NBFC. The company is primarily engaged in the business of offering personal and business loans which are secured by gold ornaments and jewellery. The gold loan product is available for personal and business purposes to meet short-term liquidity requirements of the individuals.

Some of the Gold Loan products offered by the company are:

  • Muthoot Blue Guide Gold loan
  • Muthoot Blue Bright Gold loan
  • Muthoot Blue Power Gold loan
  • Muthoot Blue Bigg Gold loan
  • Muthoot Blue Smart Gold loan
  • 24x7 Express Gold loan

For FY2019, FY2018 and FY2017, the revenue from the Gold loan was 82.86 %, 85.63% and 75.77% respectively of total income on a standalone basis. The company is also engaged in the generation & sale of wind energy and real estate business.

Muthoot Fincorp Limited NCD Sept 2019 Detail

Issue OpenSep 20, 2019 - Oct 18, 2019
Security NameMuthoot Fincorp Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 250.00 Crores
Issue Size (Shelf)Rs 250.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingBWR A+/ Stable by Brickworks
Tenor400 days/24 months/36 months
Series

Series I to Series VIII

Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 1 (QIB)10%
Category 2 (NII)40%
Category 3 (HNI)50%
Category 4 (RII)0%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1 (QIB)250,000
Category 2 (NII)1,000,000
Category 3 (HNI)1,250,000
Category 4 (RII)0
Total NCD's2,500,000

Coupon Rates

Terms and conditions in connection with Secured NCDs****Series

I

II

III

IV

V

VI

VII

VIII

Frequency of Interest Payment

Monthly

Monthly

Monthly

Annual

Annual

Cumulative

Cumulative

Cumulative

Minimum Application

₹10,000 (10 NCDs)

In multiples of thereafter

₹1,000 (1 NCD)

Face Value of Secured NCDs (₹/ NCD)

₹1,000

Issue Price (₹/ NCD)

₹1,000

Tenor from Deemed Date of Allotment

400 days

24 months

36 months

24 months

36 months

400 days

24 months

36 months

Coupon Rate (% per annum)

9%

9.25%

9.50%

9.50%

10%

9.25%

9.5%

10%

Effective Yield (Per annum)

9.38%

9.65%

9.92%

9.50%

10%

9.30%

9.95%

11.03%

Mode of Interest Payment

Through various options available

Redemption Amount (₹/ NCD****

₹1,000

₹1,000

₹1,000

₹1,000

₹1,000

₹1,102

₹1,199

₹1,331

Nature of indebtedness

Secured rated listed non-convertible debentures

Put and Call Options

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

Deemed Date of Allotment The date on which the Board or the Debenture Committee approves the Allotment of NCDs. All benefits relating to the NCDs including interest on the NCDs shall be available to the Investors from the Deemed Date of Allotment. The actual Allotment of NCDs may take place on a date other than the Deemed Date of Allotment

NCD Rating Detail

The NCDs proposed to be issued under this Issue have been rated "BWR A+" (BWR A plus; Outlook: Stable)' for an amount of Rs 50,000 lakhs , by Brickwork Ratings India Private Limited ("Brickworks") vide their letter dated August 23, 2019. The rating of BWR A+ by Brickworks indicate that instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.

Company Promoters

Thomas John Muthoot, Thomas George Muthoot and Thomas Muthoot are the promoters of the company.

Objects of the Issue:

The following table details the objects of the Issue and the amount proposed to be financed from the Net Proceeds:

1. Working capital purpose and for repayment of interest and principal of existing loans
2. General corporate purposes

Muthoot Fincorp Limited NCD Sept 2019 Prospectus

Muthoot Fincorp Limited NCD Sept 2019 Rating

12
3.4
Rating:Rated 3.4 stars

Vote Here ...

Muthoot Fincorp Limited NCD Sept 2019 Reviews

Company Contact Information

Muthoot Fincorp Limited
Muthoot Centre,
TC No 14/2074-7 Punnen Road Trivandrum - 695 039,
Kerala, India

Phone: +91 471 491 1550
Email: cs@muthootfincorp.com
Website: https://www.muthootfincorp.com/

Muthoot Fincorp Limited NCD Sept 2019 Registrar

Integrated Registry Management Services Private Limited
   2 nd Floor,
   Ramakrishna Street, North Usman Road,
   T. Nagar, Chennai - 600 017

Phone: + 91 44 2814 0801 to 803
Email: mfinipo@integratedindia.in
Website: http://www.integratedindia.in/

Muthoot Fincorp Limited NCD Sept 2019 Lead Manager(s)

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

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


Comments

No comments found. Be the first to post a comment.




Message Board

Stock Message Board



Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App