Chittorgarh.com Logo
FREE Account Opening + No Clearing Fees + Rs 999 API Access
Loading...

Muthoot Finance Limited NCD (Muthoot Finance NCD Dec 2011) Detail

Dec 22, 2011 - Jan 7, 2012
Muthoot Finance Limited Logo

Incorporated in 1997, Muthoot Finance Ltd is the Kerala - based largest gold financing company in India in terms of loan portfolio. Muthoot Finance provides personal and business loans secured by gold jewellery, or Gold Loans. They have 1605 branches across 20 states and two union territories in India.

Customers of Muthoot Finance are typically small businessmen, vendors, traders, farmers and salaried individuals. They provide retail loan products, primarily comprising Gold Loans. They also disburse other loans, including those secured by Muthoot Gold Bonds. Their Gold Loans have a maximum 12 month term. Other then Gold Loans business, they provide money transfer services through their branches as sub-agents of various registered money transfer agencies. Company also operates three windmills in the state of Tamil Nadu.

Muthoot Finance is coming up with a public issue of Secured Non-Convertible Debentures of face value of Rs. 1,000 each, (NCDs), aggregating upto Rs. 300 Crores with an option to retain over-subscription upto Rs. 300 Crores for issuance of additional NCDs aggregating to a total of upto Rs. 600 Crores.

Public issue of Muthoot Finance NCD will remain open from Dec 22, 2011 to Jan 07, 2012. Minimum order quantity for Muthoot NCD is 5 NCDs (Rs 5000) and after that in multiples of 1 NCD (Rs 1000).

The NCD is available for 4 tenors - 24 months, 36 months, 60 months and 66 months. The coupon rate for this NCD is fixed at 13.00% to 13.43% based on the tenors of the NCD. Redemption amount will be repayment of the Face Value plus any interest that may have accrued at the Redemption Date.

The Issue is rated by CRISIL and ICRA with AA-/Stable rating. ICICI Securities Limited, A.K. Capital Services Limited HDFC Bank Limited and Karvy Investor Services Limited are the Lead Managers for this issue.

Muthoot Finance NCD Dec 2011 Detail

Issue Open Dec 22, 2011 - Jan 7, 2012
Security Name Muthoot Finance Limited
Security Type
Issue Size (Base) Rs 300.00 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
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%
Category 4 0%

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

Company Financials

ParticularsFor the year/period ended (in Rs. Millions)
31-Mar-1131-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income22,983.0010,775.006,204.023,686.382,339.651,480.62
Profit After Tax (PAT)4,942.002,275.75977.20635.97439.79271.27

Objects of the Issue

The funds raised through this NCD will be utilised for various financing activities including:

1. Lending and investments,
2. To repay existing liabilities or loans and
3. Towards business operations including for capital expenditure and working capital requirements, after meeting the expenditures of and related to the Issue.

Muthoot Finance NCD Dec 2011 Prospectus

Muthoot Finance NCD Dec 2011 Rating

59
3.8
Rating:Rated 3.8 stars
Vote Here ...

Muthoot Finance NCD Dec 2011 Reviews

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

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

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

Muthoot Finance NCD Dec 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/


67 Comments

67. sudha kumae  Sep 16, 2012 12:07:04 AM
Hi All, till data i didnot received the interest payout. Amount is not credited to my account and didnot received cheque. How to proceed further. please help me.

Sudha
66. K V Subba Rao  Sep 10, 2012 5:41:11 PM
30th Aug 12 is Record Date
65. Amit  Aug 29, 2012 11:12:46 PM
You are right. The interest will be credited on 14th of Sept.
64. Ash Shardy  May 25, 2012 1:22:29 AM
It seems Harish/Harsh Kumar has invested tons of his money in HUDCO. Right from the time it got listed at a discount (when he went into a state of shock)..he has been advising every one to buy...

Beware of his recommendations as they are driven by personal interest
63. vas nat  May 19, 2012 11:53:58 PM
NHAI-Interest at the end of Sep
62. harishkumar  May 11, 2012 7:27:03 PM
-HUDCO BOND-
INVEST IN HUDCO-N2 BOND. IT WILL GIVE YOU 8.20% TAXFREE INTEREST FOR 15 YEARS.NEXT INTEREST PAYMENT WILL COME AROUND 15/03/2013-FULL YEAR INTEREST.POSSIBILITY OF CAPITAL APPRECIATION ALSO IN NEXT 45 DAYS.I HOPE, IT CAN TOUCH 1075 IN NEXT 45 DAYS.
61. Ash Shardy  May 5, 2012 4:49:21 PM
So ? We all know that ... So what ?

keep you observations to your self mister
60. neha chopra  May 3, 2012 11:42:48 AM
The interest will be credited on 14th September. I have checked it with the registrar of the company.
59. kt  May 2, 2012 7:10:27 PM
wch bonds r good now .... wch one to buy...... gv new ideas
58. CLD  Apr 26, 2012 10:19:09 PM
In my opinion Sriramcity union NCD INE 722A07216 having inttrest rate of 12.10% & maturing in August 2016 ( about 4 years from now ) is safer bet with resonable interest.
57. arun adalja  Apr 21, 2012 4:37:21 PM
you transfer originally alloted bonds to other demat account.
56. Investment Advisor  Apr 21, 2012 1:29:15 PM
The interest will be credited in September
55. Investment Advisor  Apr 21, 2012 1:28:14 PM
The intesst will be credited in Sept
54. harishkumar  Apr 19, 2012 7:59:31 PM
HUDCO BOND-
YOUR 40 BOND WILL GIVE 8.20% INTEREST.
YOU SHOULD CONTACT KARVY COMPUTER ABOUT THE SELLING OF 40 BOND.MY BROKER TOLD ME THAT ONLY KARVY CAN SAY SOMETHING ABOUT IT.
53. Ash Shardy  Apr 17, 2012 3:52:27 PM
Harish or Harsh Kumar,

Eat a crow.. .

RBI cut rate today.

know you want people to believe you so that they buy in scrips you are loosing. In Hudco I am guessing you had invested and when the price went down.. you started the motivation talk.

While HUDCO is a good scrip a lot of people who invested went for listing gains so the price went down... this will again do down once more tax free bonds hit the market...it is all supply and demand...

One more thing can you get your keyboard checked... your caps is always on.

thanks
52. UMANG KOTHARI  Apr 14, 2012 7:09:25 PM
THANKS
51. harishkumar  Apr 14, 2012 12:25:03 PM
BONDS- SHRIRAM CITY UNION N3 BONDS GIVE 12.1% INTEREST. INTEREST UPTO 31/03/12 HAS BEEN PAID.
IF YOU INVEST IN TAXFREE BOND OF HUDCO AT 985,YOU WILL GET APPRECIATION+ TAXFREE 8.20% INTEREST.IF YOU INVEST FOR 45 DAYS, IT WILL GIVE GOOD RETURN.
50. harishkumar  Apr 14, 2012 12:21:11 PM
SUB. REC TAXFREE BONDS-
ALL THE TAXFREE BONDS ARE GOOD. BUT THE SUPPLY OF STOCK IN MARKET IS HEAVY.MARCH FINANCIAL SHORTAGE IS ALSO RESPONSIBLE FOR DISCOUNT. OPERATORS KNOW THAT PUBLIC HAS SUBSCRIBED MONEY TO SELL THE BONDS,NOT FOR INVESTMENT.
I DO NOT EXPECT RATE CUT IN TUESDAY RBI POLICY.
BUT AS SOON AS THE FLOATING STOCK IS ABSORBED, THE FUNDAMENTALS OF THE BOND WILL PERFORM. FUNDAMENTALS ARE VERY GOOD. CRR CUT POSSIBLE.
IF YOU WAIT FOR 45 DAYS, YOU WILL GET VERY GOOD RETURNS.
HUDCO BOND HAS IMPPROVED FROM 940 TO 985. SLOWLY ALL THE BONDS WILL IMPROVE. DAY BY DAY LIQUIDITY POSITION WILL IMPROVE AND PRICES WILL ALSO IMPROVE.
EVERY TAXFREE BOND GIVES APPROXIMATELY 250 RS. TAX BENEFIT FOR THE 15 YEARS TENURE TO ALL THE HIGHEST TAX BRACKET PEOPLE. ALL THE COMPANIES,HNI AND OFFICERS PAY TAX UNDER HIGHEST TAX BRACKET.
49. arun adalja  Apr 11, 2012 1:46:51 PM
in case of bonds interest is paid only if you held them on record date only.previous period is not considered.
48. vas nat  Apr 9, 2012 4:56:11 PM
Interest recd