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

December 22, 2011 - January 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 December 22, 2011 - January 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 First Come First Serve Basis

NCD Allocation Ratio

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

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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/initial_offer/public-issues.html


66 Comments

26. Ash Shardy     Link|March 3, 2012 7:42:18 PM
Not having heard from you. I am guessing you are a boarder with mischief in mind to create a feeling on unsettelment panic among the investors

Sorry to say this, but i would be happy to be corrected.
25. Ash Shardy     Link|March 2, 2012 4:45:55 PM
Are you a listing gain investor or are you a long term investor?

Let us know an i can share some thoughts.
24. Ash Shardy     Link|March 2, 2012 3:06:49 PM
IRFC versus NHAI... IRFC is at a better price @ 1006 odd even if i get 8.1% on it from the secondary market versus NHAI @ 1041 odd on which i get 8.3%. I think it is the first day selling pressure. Should rise upwards in line with NHAI ( though will always be lower than NHAI due to lesser interest rate on secondary purchase). Also if the interest rates get cut these will move upwards. So for small investors looking for listing gains it is better to hold for a month and one would get up to Rs 25-30 premium.
23. harishkumar     Link|March 2, 2012 2:19:32 PM
I AGREE THAT 20 PAISE IS LESS BUT IT SHOULD BE COMPARED IN CONTEXT OF RATE ALSO. NHAI BOND IS 1044 AND IRFC BOND AT 1005.5.
IRFC BOND RATE AND INTEREST RATE BOTH SHOULD BE CONSIDERED.
22. A M     Link|February 24, 2012 10:52:51 PM
Yes..same issue with me as well...got the 8.10 SMS for two accounts...
21. Investment Advisor     Link|February 22, 2012 9:15:33 PM
Contact me at 8712883650. I can guide you how to get guaranteed 12% returns with possibity of higher returns in good debt insturments. Minimum Investment : Rs 5 lakh
20. Vasudev     Link|January 27, 2012 1:52:57 PM
Hello Good(Bad) Broker,

He has not run away anywhere. He is still here and there are many well wishers. We know who is good and bad.

Pls refrain from creating any wrong impression on Sreedhar's character.
19. dash dash   I Like It. 2|  Link|January 27, 2012 12:01:45 AM
ITS BEEN LISTED SINCE A LONG TIME NOW ! 14.90 rs premium !
18. ashish furia     Link|January 26, 2012 2:37:17 PM
NHAI BONDS

listing next week, but no idea when the allotment will happen, any idea where to check the allotment?

Retail investors getting full allotment though

17. vas nat     Link|January 25, 2012 5:06:41 PM
NHAI Bonds

SBI N5 premium has come down by Rs.100/-. It appears the market had already built in the CRR cut and was expecting something more.

Premium of 2-3 % appears reasonable. But with new issues of HUDCO and IRDC, the buying demand may be reduced.

We would be lucky to have a premium of 2.5% and above.
16. ashish furia     Link|January 24, 2012 6:22:15 AM
NHAI Bonds

NHAI differs from SBI, first the post tax yield is higher than SBI for 30% band tax payers in NHAI bonds (>2%). Secondly these bonds are better than PPF as PPF rates are likely to go down in coming years.
15. gundu anna   I Like It. 2|  Link|January 22, 2012 7:33:56 PM
In a move to check volatile price movements on the first day of trading in newly listed and re-listed stocks, market regulator SEBI has said that normal trading can now take place only after a call auction session, reports CNBC-TV18's Sajeet Manghat.

Since the regulator was looking at various options, it took SEBI more than a year to get this act together.

If you remember, some of stocks used to run up by nearly 50-60% on listing day and used to jump by nearly 100% over a period of week. However, once retail investors used to get in, they suddenly plunge by 50-60%. Due to this, the regulator was looking at a mechanism to curb the volatility and it has finally come out with one wherein all the IPO stocks and the companies which are relisting again will have to go through a pre-open call auction for 45 minutes after which there would be a settlement of trades. Only after that will the opening trade begin at 10:00 am instead of 9:15 am. So that's a one hour period where you have to put in all your bids and the entire thing would be delivery based.

The regulator has gone one step further and said that any IPO below Rs 250 crore will have a price band after 10:00 am and any IPO above Rs 250 crore will have a 20% price band. It also says that IPOs below Rs 250 crore will have to go through a 10 day period where they will be trade for trade (T2T). This basically means that you can trade in the scrip only if you have shares in your account, which means there won't be any speculative trading in these stocks. So that's a big move from SEBI to curb the listing day volatility.
14. dash dash   I Like It. 2|  Link|January 21, 2012 12:00:42 PM
http://www.linkintime.co.in/newsite/ipoInformation.jsp
13. vas nat     Link|January 21, 2012 10:00:53 AM
NHAI Bonds

Too high to expect 10%. 2% premium is reasonable.

SBI N2 premium was 700 prior to SBI N5 listing and later N5 got listed at 3-4% premium. Now N5 is at a premium of 500. So we can expect 1.5% to 2.5%. Anything above 2.5% means that we are lucky.
12. SONMAYA     Link|January 20, 2012 12:53:38 PM
INDIAN RAILWAY BOND 2O12 OPENINNG ON 25/1/12 ...CLOSING ON 31/1/12...FORRETAIL COUPAN RATE 8.15 AND 8.30...FOR OTHERS 8.00 AND 8.1.
11. vineet r   I Like It. 2|  Link|January 20, 2012 9:09:25 AM
u can check on
http://www.linkintime.co.in/newsite/ipoInformation.jsp
10. g medhe   I Like It. 1|  Link|January 12, 2012 8:42:23 AM
waiting for the same,it is 5 days since the period is over
9. Shankara Narayanan T S   I Like It. 1|  Link|January 11, 2012 10:09:27 AM
I want to know the allotment status of Muthoot Finance NCD.
From where I can get the same?
8. Vijayakumar Bobbasi   I Like It. 1|  Link|December 30, 2011 7:30:36 PM
Observe the past NCDs which are traded from last three months and consider company capability......
7. vas nat   I Like It. 4|  Link|December 29, 2011 10:52:23 PM
Muthoot Finance NCDs currently are trading @ 14.25% yield. Assuming the yield to remain same, the new NCDs would trade @ 2-3 % discount. Suggest not to apply.

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