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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 First Come First Serve Basis

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

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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/


66 Comments

6. satyanarayana jalluri   I Like It. 1|  Link|Dec 28, 2011 10:16:23 PM
Please suggest me whether i can go ahead investing in this ncd. what could be the grey market price for this. is the company capable to pay the interest. in their docs: 11% is net margin receiving on thier amount. but they are offering max 13.43%. seems to be irrelevant. suggest me .
5. gundu anna   I Like It. 5|  Link|Dec 24, 2011 3:04:26 PM
there are not much comments in this forum. probably this is the best time to invest in this kind of issues...
4. khyyomjo assart   I Like It. 1|  Link|Dec 23, 2011 9:56:36 AM
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3. Rajnikant   I Like It. 2|  Link|Dec 21, 2011 8:35:21 PM
run and forget till 10yrs because u will not get ur money back
2. gundu anna   I Like It. 10|  Link|Dec 21, 2011 7:29:20 PM
One apply for muthood NCD, very gud option for retail investors. run and apply...
1. InvestmentGuru     Link|Dec 21, 2011 7:07:14 PM
Yes, It is correct.