[.]| Listing at BSE | Mon, Sep 28, 2015 - Tue, Oct 27, 2015
Muthoot Fincorp Ltd. NCD issue is a public issue of , issued under a Shelf Prospectus of ₹[.] Cr with a base issue size of ₹300.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹ each and an issue price of ₹1000 per NCD.
Muthoot Fincorp Ltd. NCD issue opens on Sep 28, 2015 and closes on Oct 27, 2015. NCD are proposed to be listed on BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 10 NCD(s).
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
is the Lead Manager to the issue, is the Debenture Trustee, and is the Registrar to the Issue.
Investors are advised to refer to the [.] for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Mon, Sep 28, 2015
Close Date
Tue, Oct 27, 2015
Issue Size (Overall)
[.]
Headquartered in Kerala, India; Muthoot Fincorp Limited is in the business of providing personal and business loans secured by gold jewellery and ornaments.
The company is a part of the 'Muthoot Pappachan Group' which has diversified business interests ranging from hospitality, financial services, catering, infrastructure for information technology, automobile sales and services and real estate.
The Gold Loan products of Muthoot Fincorp are structured to serve the business and personal purposes of individuals who possess gold but do not have ready or timely access to formal credit or to whom credit may not be available at all, to meet unanticipated or other shortterm liquidity requirements. The Gold Loan portfolio of the Muthoot Fincorp as of March 31, 2014 comprised approximately 21 lakh loan accounts that were serviced through 3,831 branches located across 15 states and the national capital territory of Delhi. As of July 31, 2014, the company employed 17,221 employees including 1,333 contracted experts in its operations.
In addition to the Gold Loan business, Muthoot Fincorp also provides foreign exchange conversion and money transfer services as sub-agents of various registered money transfer agencies. The company is also engaged in generation and sale of wind energy through its wind farms located in Tamil Nadu. Further, the company is also engaged in micro finance business, aimed at providing micro credit facility to aspiring women entrepreneurs.
The Net Proceeds raised through this Issue will be utilized for following activities in the ratio provided as below:
1. For the purpose of lending: 75% of the amount raised and allotted in the Issue
2. For General Corporate Purposes: 25% of the amount raised and allotted in the Issue
Muthoot Fincorp NCD Prospectus Document
CRISIL has assigned a rating of "CRISILA/Stable" to the NCDs. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. These ratings are not a recommendation to buy, sell or hold securities.
[Dilip Davda] As market has general expectations of rate cuts in near term, this offer may be considered for moderate investment as per individual choice.
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Muthoot Fincorp Ltd.
Muthoot Centre,
Punnen Road,
Trivandrum 695 034
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Muthoot Fincorp Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
