Muthoot Finance Ltd NCD (Muthoot Finance NCD March 2015) Detail

Mar 25, 2015 - Apr 27, 2015

Muthoot Finance Ltd (MFL) is 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

Tenure for this offer is 400 days, 24 months, 36 months and 60 months while coupon rate is ranging from 9.50% to 10% payable Monthly, Annually or Cumulative as per the option selected by the investor. Category II (Non institutional) and III (Individuals) will get additional 0.75% incentive and thus the yield from this investment will range from 10.05% to 10.80% based on options selected.

Muthoot Finance NCD March 2015 Detail

Issue OpenMar 25, 2015 - Apr 27, 2015
Security NameMuthoot Finance Ltd
Security Type
Issue Size (Base)Rs 300.00 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

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 10%
Category 20%
Category 30%
Category 40%

Company Promoters:

The following individuals are the Promoters of the Company:

1. M.G. George Muthoot;
2. George Thomas Muthoot;
3. George Jacob Muthoot; and
4. George Alexander Muthoot

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

This issue is graded ICRA AA- (AA minus) by ACRA indicating high degree of safety timely servicing of financial obligations. Such instruments carry very low credit risk.

Muthoot Finance NCD March 2015 Prospectus

Muthoot Finance NCD March 2015 Rating

15
2.8
Rating:Rated 2.8 stars

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Muthoot Finance NCD March 2015 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 NCD March 2015 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: customercare@icicisecurities.com
Website: http://www.linkintime.co.in

Muthoot Finance NCD March 2015 Lead Manager(s)

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