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Muthoot Finance Ltd NCD Offer - Dec 2013 (Apply)

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Muthoot Finance Ltd. is coming out with a Secured Redeemable Non-Convertible debentures having face value of Rs. 1000 each with a total offer size of Rs. 500 crore (including green shoe option of Rs. 250 crore) The issue has already opened on 27.12.13 and will close on or before January 27, 2014. Minimum application is to be made for Rs. 10000 (i.e. 10 NCDs and thereafter in multiple of 1 NCD). The offer is graded by ICRA as ICRA AA- and by CRISIL as CRISIL AA- that is considered to have high degree of safety regarding timely servicing of financial obligations. The offer carries coupon rate ranging between 10.75% to 11.50% based on category and the tenure (400 days, 2, 3, 5 years). Category II and III eligible for additional incentive of 0.75%. The issue is lead managed by ICICI Securities Ltd and Link Intime India Pvt Ltd. is the registrar to the offer. Post allotment, NCDs will be listed on BSE.


Conclusion / Investment Strategy

Moderate Investment

Reviewer recommends Subscribing to the issue.

Review By Dilip Davda on Dec 12, 2019

Review Author

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Investors should bear in mind that any investment in stock markets are subject to unpredictable market related risks. Above information is based on RHP and other documents available as of date coupled with market perception. Author has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).


About Dilip Davda

Dilip Davda, a freelance journalist

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.

Email: dilip_davda@rediffmail.com

The Muthoot Finance Ltd NCD Analysis helps you to understand about the company, offer detail, valuation, capital structure and financial performance. Our SEBI registered NCD Analysts tells you if Muthoot Finance Ltd NCD worth investing. The Muthoot Finance Ltd NCD Note sets the NCD expectations in systematic way which tells you if Muthoot Finance Ltd NCD good to buy (good or bad / yes or no). The NCD Forecast tells you weather to invest in Muthoot Finance Ltd NCD by providing NCD recommendations i.e. subscribe, avoid and neutral.