Muthoot Finance Ltd NCD (Muthoot Finance NCD Aug 2011) Detail

August 23, 2011 - September 5, 2011

Muthoot Finance Ltd 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.

Company's Gold Loan portfolio as of March 31, 2011 comprised approximately 4.7 million loan accounts in India that they serviced through 2,733 branches across 20 states, the national capital territory of Delhi and four union territories in India. They have since increased their branch network to 2,997 branches as of June 30, 2011. As of June 30, 2011, they employed 19,125 persons in operations. Muthoot headquartered in the southern Indian state of Kerala.

Options

Option 1: The maturity date is 24 months from the date of allotment and the coupon rate is 11.75 per cent per annum.

Option 2: The maturity date is 36 months and the coupon rate is 12 per cent.

Option 3: The maturity date is 60 months and the coupon rate is 12 per cent. There are three investment categories under each option and the effective yield will vary from 11.75 per cent to 12.25 per cent.

Muthoot Finance NCD Aug 2011 Detail

Issue Open	August 23, 2011 - September 5, 2011
Security Name	Muthoot Finance Ltd
Security Type
Issue Size (Base)	Rs 500.00 Crores
Issue Size (Shelf)	Rs [.] Crores
Issue Price	Rs 1000 per NCD
Face Value	Rs 1000 each NCD
Minimum Lot size	5 NCD
Market Lot	1 NCD
Listing At	BSE, NSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment	First Come First Serve Basis

NCD Allocation Ratio

Category	NCD's Allocated
Category 1	0%
Category 2	0%
Category 3	0%

Objects of the Issue

The funds raised through this issue will be utilised for various financing activities including lending and investments, to repay existing liabilities and to meet working capital requirements.

The NCDs have been rated AA-/stable by CRISIL and AA-(stable) by ICRA. Listing of Secured Redeemable Non-Convertible Debentures of Muthoot Finance Limited Date: September 16, 2011 NSE today issued a notice for the list of Muthoot Finance Limited NCD's on September 20, 2011. Download the circular at http://www.nseindia.com/content/circulars/cmls18897.zip

Muthoot Finance NCD Aug 2011 Prospectus

Muthoot Finance NCD Aug 2011 Rating

3.6

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Company Contact Information

Muthoot Finance Ltd
Muthoot Chambers,
Opp Saritha Theatre Complex, 2nd Floor,
Banerji Road, Kochi 682 018, India

Phone: (91 484) 239 4712
Email: ncd@muthootfinance.com
Website: http://www.muthootfinance.com

Muthoot Finance NCD Aug 2011 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: mfl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Muthoot Finance NCD Aug 2011 Lead Manager(s)

Find Muthoot Finance NCD Aug 2011 Latest Update

Useful Articles

60 Comments

60. bcskal Link|October 31, 2012 6:07:25 AM

LISTING DATE OF MUTHOOT FINANCE NCD CLOSED ON 22.10.2012
Can anybody inform when is the listing date of the Muthoot Finance NCD, closed on 22.10.2012? Whether allotment has been done or not? Kindly inform us. Thanks.

59. Vip jpr Link|August 29, 2012 11:53:55 PM

Thanks Amit but Why 14th Sep?

58. m b Link|July 1, 2012 6:30:02 PM

kindly post the cut off date for muthoot ncd interest payout
thanks in advance

57. P Badala Link|April 26, 2012 7:44:29 PM

@528VivekG Please note there is no way you can retain retain your security purchased earlier and sell one you bought later what your broker advise is correct,besause .FIFO is in built in software .

56. PSR Link|April 23, 2012 7:57:59 PM

Check for ISN number of securities.

If ISN of allotted security differs from the ISN of the purchased security it solves your problem. If both the ISNs are same, your apprehension of FIFO method would be correct.

55. R GARG Link|April 4, 2012 10:32:07 AM

Interest will be paid annually. First interest will be credited on 5th March 2013.

54. ashish furia Link|March 28, 2012 1:02:28 AM

Correction-SRTRANSFIN-ND and SRTRANSFIN-NC are available at 13.25% yield with current market prices of 939 and 942 respectively.

Also note 40% of these NCD to be redeemed on 01-Jun-2013. 40% to be redeemed on 01-Jun-2014. 20% to be redeemed on 01-Jun-2015. R J, have you factored that in your calculation

53. kt Link|March 26, 2012 1:09:26 PM

AAshish can you explain , how you hv arrived , i think its 12 % ooonly for this ncd ?

52. R GARG Link|February 25, 2012 3:44:13 PM

REC Tax Free Bonds will be open on 5th March. Discussed with REC officials.

51. darshak shah Link|February 18, 2012 1:12:44 PM

any update of tata capital ncd issue, as it is maturing, what i should do ?

50. vas nat Link|December 30, 2011 10:11:31 PM

NHAI bonds appear attractive and the response it has generated already from QIBs and HNIs indicate that it is a must apply.

A comparison with the same rating of SBI bonds indicate that these bonds are attactive if somebody is in the 20% or 30% income tax slab.

One may apply in 15 year bonds and a listing gain of 2-3% can also be expected.

49. jigar patel Link|December 21, 2011 4:58:00 PM

is this right double the money in just 66 months?

48. ankm Link|December 6, 2011 12:51:01 PM

Muthoot fincorp is offering highest ever 13% coupon rate on 3 year Bond and 12.75% on 1.5 year bond. Minm inv = 1 lac; private placement

47. Amit Link|December 6, 2011 5:42:07 AM

APPLY FOR L&T Infrastructure Bonds - TRANCHE I - Nov'11

Options       Face Value Per Bond       Interest payment
Maturity Date       Interest Rate       Buyback Amount       Maturity Amount       Buyback Option       No. of Bonds       Demat       Total Amount
I       Rs. 1,000.00       Annual       10 Years from the deemed date of allotment       9 %       Rs 1,000/- at the end of 5 years / Rs 1,000/- at the end of 7 years       Rs. 1,000/-       Yes
II       Cumulative       9% compounded annually       Rs 1,538.62/- at the end of 5 years / Rs 1,828.04/- at the end of 7 years       Rs. 2,367.36/-

46. Cool Boy Link|October 17, 2011 9:26:22 AM

Yes, exit out of gold fund at no gain-no loss point. In terms of gold ETF, GOLDBEES (Goldman Sachs, formerly Benchmark) is the highest traded, most liquid, highest fund size and with longest history. Stick to that, or maybe the next largest Gold ETF. You may visit the blog onemint.com (not mine) to read on comparison of Gold ETFs.

45. P Badala Link|October 15, 2011 4:15:24 PM

396 Terun Patel
You have asked about short term NCD of Mannapuran Finance Ltd, IN case of NCD you must be very clear that what you expecting,is it interest income or liquidity at reasonable rate? In case of mannapuram knowing companys track record and its balance sheet company is not likely to default in the payment of interest in time, But before maturity if there is requirement to sell your NCDs in market there is no surity that you will get the actual prise I.e (Face value + accurued interest),so if you are reddy to wait till maturity for your interest income Mannapuram is OK.

44. Pacchie Link|October 12, 2011 7:22:23 PM

Or shall i sell it now and take GOLD ETF.

Pacchie

43. Pacchie Link|October 12, 2011 7:17:35 PM

Hi,
Thank you so much for the insight. Please advice what should i do now as i have already taken it. Is there any other minumum risk option available. If not then how long should i hold it.

42. Amit Link|October 11, 2011 5:57:21 PM

stop posting spams else I will have to complain.

41. Cool Boy Link|October 10, 2011 1:59:20 PM

I think this is a bad decision. First of all, always avoid mutual fund NFOs as there is no track record. You get NOTHING by investing at Rs 10. Secondly, it is much better to buy Gold ETFs. These Gold Funds will anyway buy gold ETFs and you will actually pay twice - once for fund management fees and also for fund's etf transactions. Plus the fund mgmt fees will be charged every year. Buying gold ETF is cheaper and better. You may buy Gold fund only if you don't have or don't want to open a demat a/c.