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.
Moderate Investment
Review By Dilip Davda on December 12, 2019
Dilip Davda is a veteran financial journalist associated with the Indian stock market since 1978. He has been contributing to print and electronic media on capital markets, insurance, and finance since 1985.
He is widely recognized for reviewing public issues and non-convertible debentures (NCDs) in the primary market. Drawing on over three decades of market experience and close interaction with merchant bankers, his reviews focus on detailed fundamental and financial analysis of companies, with a special emphasis on SME public issues.
Dilip Davda
SEBI Registered Research Analyst – Mumbai
Registration No.: INH000003127 (Perpetual)
Email: dilip_davda@rediffmail.com
Disclaimer: The information provided herein is solely for educational and informational purposes and does not constitute an offer, solicitation, or recommendation to buy or sell any securities. Readers are advised to consult a qualified financial advisor before making any investment decisions. Investments in the securities market are subject to market risks. The author does not intend to invest in the securities discussed.
