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Muthoot Finance Ltd NCD (Muthoot Finance NCD) Detail

Apr 11, 2017 - May 10, 2017

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.

Muthoot Finance NCD Detail

Issue OpenApr 11, 2017 - May 10, 2017
Security NameMuthoot Finance Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base)Rs 200.00 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 Issue will be utilised 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 Prospectus

Muthoot Finance NCD Rating

30
3.4
Rating:Rated 3.4 stars

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Muthoot Finance NCD Reviews / Ratings

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 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.ncd2017@linkintime.co.in
Website: http://www.linkintime.co.in

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Muthoot Finance NCD Review / Comments

avatar
7. PIYUSH CHAUDHARY  Apr 8, 2017 12:07 Reply
FOLLOWING ARE THE BETTER OPTIONS AS COMPARED TO MUTHOOT FINANCE NCD OFFER :
IBHFL NE SERIES NCD (INDIABULL HOUSING FINANCE)
DHFL NC SERIES NCD (DEWAN HOUSING FINANCE)
EHFL N-6 SERIES NCD (EDELWEISS HOUSING FINANCE)
RHFL N-6 SERIES NCD (RELIANCE HOME FINANCE)

YOU CAN EASILY PURCHASE THE ABOVE NCD''s FROM SECONDARY MARKET. BETTER YIELD THAN MUTHOOT NCD AND EITHER EQUAL OR HIGHER SAFETY.
avatar
7.1. Vishal Gupta  May 18, 2017 16:47
@Piyush Chaudhary Thanks for sharing details of other listed NCD''s. Appreciate !
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6. akshaaa  Apr 24, 2017 11:27 Reply
allotment date?
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5. UnderRighter  Apr 13, 2017 14:01 Reply
Yes. Fully Subscribed, so closed.
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4. Raj Kannan  Apr 13, 2017 12:10 Reply
Is this NCD fully subscribed. I am getting options for applying in Sharekhan and SBI though it was visible in Sharekhan yesterday.
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3. BigggBosss  Apr 11, 2017 12:48 Reply
kis series me jyada bharna hai
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2. UnderRighter  Apr 8, 2017 18:10 Reply
this issue will open and close on the same day beacuse of full subscriptions.... 11th april
avatar
1. PIYUSH CHAUDHARY  Apr 5, 2017 16:57 Reply
MUTHOOT FINANCE IS A NICE COMPANY AND AA RATING ASSURES HIGH SECURITY OF DEPOSITS. BUT INTEREST RATE IS QUITE LOW THEREFORE IT IS NOT WORTH INVESTING BECAUSE OTHER BETTER NCD OPTIONS ARE AVAILABLE IN SECONDARY MARKET,
SUCH AS
DHFL NCD AAA RATING 9.30%
EHFL AA RATING 10%
INDIA BULLS HFL AAA RATING 9.15%



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