[.]| Listing at BSE | Fri, Nov 29, 2019 - Fri, Dec 20, 2019
The Muthoot Finance NCD Nov 2019 issue opens on November 29, 2019 and closes on December 20, 2019. for the subscription.
Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day. The allotment is done on a First Come First Serve Basis.
| Bid/Offer Opens On | November 29, 2019 |
| Bid/Offer Closes On | December 20, 2019 |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Annually | Annually | Annually | NA | NA | NA | NA |
| Tenor | 24 Months | 38 Months | 60 Months | 24 Months | 38 Months | 60 Months | 24 Months | 38 Months | 60 Months | 90 Months |
| Coupon Rate (Retail) | 9.25% | 9.50% | 9.75% | 9.50% | 9.75% | 10.00% | NA | NA | NA | NA |
| Amount on Maturity | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,193.56 | Rs 1,333.72 | Rs 1,592.29 | Rs 2,000 |
The following categories of persons are eligible to apply in the Issue:
The Muthoot Finance NCD Nov 2019 consists of a base issue and a shelf issue.
Note that the Shelf issue is an option to retain oversubscription up to the shelf issue size over and above the base issue.
Shares offered in Muthoot Finance NCD Nov 2019 are as below:
| Category 1 (QIB) | 100000 |
| Category 2 | 100000 |
| Category 3 (HNI) | 300000 |
| Category 4 (Retail) | 500000 |
No, NRI's are not eligible to apply in this Issue.
You could check Muthoot Finance NCD Nov 2019 NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).
Note that there is no official source of GMP Rate as they are over-the-counter transactions.
The NCD's are proposed to be listed on BSE.
Applicants are allocated NCD's on a First Come First Serve Basis.
You can check Muthoot Finance Ltd. allotment status on the registrar’s website using your PAN or application number, or on the BSE/NSE website under the debt issue section. If allotted, the NCDs will be credited to your demat account and visible through your broker.
It is hard to say at what price Muthoot Finance NCD Nov 2019 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.
The NCDs proposed to be issued under this Issue have been rated [ICRA] AA (Stable) by ICRA for an amount of upto Rs 40,000 million vide its letter dated December 31, 2018 and have been rated CRISIL AA/Stable by CRISIL for an amount upto Rs 40,000 million vide its letter dated January 18, 2019. The rating of the NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations.
Sorry, we do not provide NCD recommendations. But we share a lot of information about Muthoot Finance NCD Nov 2019 which could help you with questions like Muthoot Finance NCD Nov 2019 buy or not? You should also read Muthoot Finance NCD Nov 2019 Analysis from experts and check the daily subscription status.
It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.
Muthoot Finance Ltd. NCD listing day gains are unpredictable as it depends on many factors on the day of listing. It depends on factors like the demand, the market situation on the day of listing, NCD issue size, etc.
