Incorporated in 1998, Muthoot Vehicle & Asset Fin Ltd is a deposit-taking vehicle and asset finance company. The company operates mainly in the State of Kerala and an RBI registered NBFC-ICC (Investment and Credit Company).
Muthoot Vehicle is in the business of providing loans against the security of vehicles and assets in Kerala and Tamil Nadu. It has 25 branches and holds a license to operate in Kerala, Delhi, Coimbatore, and Bangalore.
As on 30th Sep 2019, the total assets under management of the company were ₹44,104.01 lakhs and the retail lending portfolio size was ₹ 5 lakhs. Muthoot Vehicle & Asset Finance Ltd has 11,665 customers in retails lending.
| Issue Open | Feb 25, 2020 - Mar 11, 2020 |
| Security Name | Muthoot Vehicle & Asset Fin Ltd |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 200.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | CRISIL A/ Stable; CARE BBB+/ Stable |
| Tenor | 24 months/ 38 months/ 60 months/ 90 months |
| Series | Series 1 to Series 10 |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
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 in each investor category:
| Category | NCD's Reserved |
|---|---|
| Category 1 (QIB) | 100,000 |
| Category 2 (NII) | 400,000 |
| Category 3 (HNI) | 500,000 |
| Category 4 (RII) | 0 |
| Total NCD's | 1,000,000 |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Annually | Annually | Annually | Cumulative | Cumulative | Cumulative | Cumulative |
| Nature | Secured | |||||||||
| Tenor | 24 months | 38 months | 60 months | 24 months | 38 months | 60 months | 24 months | 38 months | 60 months | 90 months |
| Coupon Rate | 9.25% | 9.50% | 9.75% | 9.50% | 9.75% | 10% | NA | NA | NA | NA |
| Amount on Maturity | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,193.56 | ₹1,333.72 | ₹1,592.29 | ₹2,000 |
The Secured NCDs proposed to be issued under this Issue have been rated CRISIL A/Stable by CRISIL vide its letter dated January 17, 2020. Additionally, the Secured NCDs had also been rated CARE BBB+; Stable by CARE vide its letters dated August 30, 2019, which was revalidated on December 9, 2019. This rating, though, was withdrawn by CARE pursuant to letter dated January 24, 2020 at the request of our Company.
M.G. George Muthoot, George Thomas Muthoot, George Jacob Muthoot and George Alexander Muthoot are the promoters of the company.
The company proposes to utilise the funds which are being raised through the Issue, after deducting the Issue
related expenses to the extent payable by the Company (Net Proceeds), estimated to be approximately ₹
19,800.00 lakhs, towards funding the following objects:
1. Onward lending and for repayment of interest and principal of existing loans; and
2. General Corporate Purposes
13 4.2 Rating:  Vote Here ... |
Muthoot Vehicle & Asset Fin Ltd
5th and 6th Floor Midhun Tower,
K P Vallon Road, Kadavanthra,
Ernakulam - 682020, Kerala, India
Phone: 91 75938 64404
Email: cs@mvafl.com
Website: https://www.mvafl.com/
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: mvafl.ncd2019@linkintime.co.in
Website: http://www.linkintime.co.in
Lead Manager Reports
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...
Useful Articles
No comments found. Be the first to post a comment.
Compare Share Broker in India
Download Our Mobile App
Visit our other websites
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Account Best Broker for Beginners More Reports...Reviews (Discount Broker)
Zerodha (₹20/trade) Edelweiss (₹10/trade) Upstox (₹20/trade) 5paisa (₹20/trade) ProStocks (₹899 Unlimited) More Brokers...Reviews (Full-service)
ICICI Direct Motilal Oswal HDFC Sec Sharekhan IIFL Securities More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Trading Homepage
Options Overview
Benefits & Risks of Options
Options Pricing
Options Trading FAQs
Options Trading Glossary
Broker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaBest of
NRI Homepage
Best NRI Trading Account
Best NRI 3-in-1 Account
Top 10 Discount Brokers
Top 10 Full-Service Brokers
NRI Trading Guide
Trading Account Basics Trading Requirements Demat Account Explained USA NRI Trading Account Trading in Derivatives More Articles...History of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc
Comments