Muthoot Finance Ltd NCD (Muthoot Finance NCD March 2014) Detail

Mar 10, 2014 - Apr 10, 2014

They are 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.

They are a “Systemically Important Non-deposit taking NBFC” headquartered in the south Indian state of Kerala. In addition to Gold Loans business, they provide money transfer services through their branches as sub-agents of various registered money transfer agencies, and have commenced providing collection agency services. They also operate three windmills in the state of Tamil Nadu.

Offerings

Tenure of this offer ranges from 400 days to 60 months and coupon rate is ranging from 10.25% to 11%. Category II and III (i.e. HNIs and Retail investors) are offered additional incentive of 0.75% on the above rates.

Muthoot Finance NCD March 2014 Detail

Issue OpenMar 10, 2014 - Apr 10, 2014
Security NameMuthoot Finance Ltd
Security Type
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Listing AtBSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 10%
Category 20%
Category 30%
Category 40%

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

Objects of the Issue:

The funds raised through this Issue will be utilized for:

1. their various financing activities including lending and investments;
2. to repay their existing liabilities or loans and towards their business operations including for their capital expenditure; and
3. working capital requirements and general corporate purposes, after meeting the expenditures of and related to the Issue and subject to applicable statutory/regulatory requirements.

Ratings

These instruments are rated as "ICRA/AA- (Stable)" by ICRA indicating indicates high degree of safety regarding timely servicing of financial obligations.

Muthoot Finance NCD March 2014 Prospectus

Muthoot Finance NCD March 2014 Rating

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Muthoot Finance NCD March 2014 Reviews

Company Contact Information

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

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

Muthoot Finance NCD March 2014 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: customercare@icicisecurities.com
Website: http://www.linkintime.co.in

Muthoot Finance NCD March 2014 Lead Manager(s)

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2 Comments

Vishal Maheshwary
2. Vishal Maheshwary  Jul 11, 2014 23:52
Why will people sell their NCDs to you below trading price? Will you give them newly printed notes?
K V Subba Rao
1. K V Subba Rao  Jul 1, 2014 16:17
It depends on Listing arrangement. Several NCDs are traded in NSE too








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