Muthoot Finance Ltd NCD (Muthoot Finance Ltd NCD) Detail

Dec 27, 2013 - Jan 27, 2014

They are the largest gold financing company in India in terms of loan portfolio. They provide personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery 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.

They are a “Systemically Important Non-deposit taking NBFC” headquartered in the south Indian state of Kerala. In addition to Gold Loans business, they provide money transfer services through their branches as sub-agents of various registered money transfer agencies, and have commenced providing collection agency services. They also operate three windmills in the state of Tamil Nadu.

Offerings

The offer carries coupon rate ranging between 10.75% to 11.50% based on category and the tenure (400 days, 2, 3, 5 years). Category II and III eligible for additional incentive of 0.75%.

Muthoot Finance Ltd NCD Detail

Issue OpenDec 27, 2013 - Jan 27, 2014
Security NameMuthoot Finance Ltd
Security Type
Issue Size (Base)Rs 250.00 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

Objects of the Issue:

The funds raised through this Issue will be utilized for:

1. their various financing activities including lending and investments;
2. to repay their existing liabilities or loans and towards their business operations including for their capital expenditure; and
3. working capital requirements and general corporate purposes, after meeting the expenditures of and related to the Issue and subject to applicable statutory/regulatory requirements.

Ratings

The offer is graded by ICRA as ICRA AA- and by CRISIL as CRISIL AA- that is considered to have high degree of safety regarding timely servicing of financial obligations.

Useful Links

  • Muthoot Finance NCD - Review by Dilip Davda
  • Muthoot Finance Ltd NCD Prospectus

    Muthoot Finance Ltd NCD Rating

    0
    0.0
    Rating:Rated 0.0 stars

    Vote Here ...

    Muthoot Finance Ltd NCD Reviews

    Company Contact Information

    Muthoot Finance Ltd
    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 Ltd NCD Registrar

    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: mfl7.ncd@linkintime.co.in
    Website: http://www.linkintime.co.in

    Muthoot Finance Ltd NCD 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...


    1 Comments

    Mangesh K
    1. Mangesh K  Jan 23, 2014 16:24
    I mean Brokerage House








    Search Chittorgarh.com:

    Download Our Mobile App

    Android App iOS App