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FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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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.
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.
| 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 |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 0% |
| Category 2 | 0% |
| Category 3 | 0% |
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.zip25 3.6 Rating:  Vote Here ... |
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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
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
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1| Link|September 16, 2011 11:32:28 AM
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Issue Open 10th Oct
Closes: 21st Oct
Coupon
10 years 7.55% P.A
15 years 7.77% P.A
Interest Payment Annual
IRFC bonds will create a good opportunity for investors in the high Tax band. First of all, these are government-guaranteed bonds so there is no chance of default. In fact, in certain term, it is safer than bank deposits.
Besides this, the rates of return offered by the bonds are very attractive. According to a simple calculation, a 7.77% tax free return will be equivalent to 11.59% pre-tax return, which is a very handsome rate. The highest return offered by five-year fixed deposits of bank is around 9%. If one has to pay tax at the rate of 30% of the income, the net interest rate — in case the bank is offering a rate of % — would be only 6.6%.call me for the investment 9271213638