Muthoot Finance Ltd launched Public Issue of NCD of Rs. 1000 each from 27 Dec 2013 and issue close on 27 Jan 2014. Muthoot finance largest gold financing company in India in term of loan portfolio. It aims to raise upto 500 Cr. through this Issue.
Allotment is on First Come First Serve Basis.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
Muthoot NCD Issue Highlights
| Issuer | Muthoot Finance Ltd |
|---|---|
| Type of Instrument | Non Secured, Redeemable, NCD |
| Issue Open | 27 Dec 2013 |
| Issue Close | 27 Jan 2014 (with option of early closure or extension) |
| Issue Size | 500 Cr. |
| Face Value | Rs. 1,000 |
| Min. Application Size | 10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD) |
| Interest | Monthly, Annually & Cumulative |
| Mode of Allotment | D'mat as well as Physical Form |
| Rating | AA - (ICRA) , AA - (CRISIL) |
| Listing | BSE |
Specific Term of Issue
| Options | I | II | III | IV | V | VI |
|---|---|---|---|---|---|---|
| Tenor | 24 month (2 yrs) | 36 month (3 yrs) | 60 month (5 yrs) | 24 month (2 yrs) | 36 month (3 yrs) | 60 month (5 yrs) |
| Coupon - Cat I | 10.75% | 11.25% | 10.75% | 11.25% | 11.50% | 11.25% |
| Coupon - Cat II, III | 11.50% | 12.00% | 11.50% | 12.00% | 12.25% | 12.00% |
| Face Value | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| Maturity | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| Interest Payment | Monthly | Monthy | Monthy | Annual | Annual | Annual |
| Options | VII | VIII | IX | X | XI |
|---|---|---|---|---|---|
| Tenor | 400 days | 2 yrs | 3 yrs | 5 yrs | 6 yrs |
| Coupon - Cat I | 10.75% | 11.25% | 11.50% | 11.25% | 11.50% |
| Coupon - Cat II, III | 11.00% | 12.00% | 12.25% | 12.00% | 12.25% |
| Face Value | 1000 | 1000 | 1000 | 1000 | 1000 |
| Maturity | 1121.71 | 1254.40 | 1414.36 | 1762.34 | 2000 |
| Interest Payment | n.a. | n.a. | n.a. | n.a. | n.a. |
NRI’s are Not Allowed to Invest
Cheque Details :
Cheque / DD should be drawn in favour of ” Escrow Account Muthoot Finance NCD Public Issue “ by all applicant
Banker : Indusind Bank & ICICI Bank
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[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
About Company
The funds raised through this issue will be utilised by the company for various financing activities including lending and investments, to repay existing liabilities or loans and towards business operations including for capital expenditure, working capital requirement and other general corporate purposes.
The company provides 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.
As of June 30, 2013, the company has branch network of 4163 branches. Its gold loan portfolio as of March 31, 2013 comprised approximately 6.5 million loan accounts.
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[wptabtitle] Subscription[/wptabtitle] [wptabcontent]
[/wptabcontent]Date Cat I Cat II Cat III Total 25 25 450 500 27 Jan Subscribe - 4.42 513.49 517.92 No of times - 0.18 1.14 1.05 Issue Closed 24 Jan Subscribe - 4.42 508.28 512.70 No of times - 0.18 1.13 1.03 Unsubscribe 25 20.58 - - 23 Jan Subscribe - 3.63 502.02 505.65 No of times - 0.15 1.12 1.01 Unsubscribe 25 21.37 - - 22 Jan Subscribe - 3.73 494.25 497.98 No of times - 0.15 1.10 0.99 Unsubscribe 25 21.27 - 2.02 21 Jan 14 Subscribe - 3.73 482.58 486.31 No of times - 0.15 1.07 0.97 Unsubscribe 25 21.27 - 13.69 20 Jan 14 Subscribe - 3.73 472.62 476.34 No of times - 0.15 1.15 0.95 Unsubscribe 25 21.27 - 23.66 17 Jan 14 Subscribe - 3.71 444.27 447.98 No of times - 0.15 0.99 0.90 Unsubscribe 25 21.29 5.73 52.02 16 Jan14 Subscribe - 3.61 428.57 432.18 No of times - 0.14 0.95 0.86 UnSubscribe 25 21.39 21.43 67.82 15 Jan14 Subscribe - 3.61 415.92 419.53 No of times - 0.14 0.92 0.84 Unsubscribe 25 21.39 34.08 80.47 14 Jan14 Subscribe 0 3.61 400.97 404.59 No of times - 0.14 0.89 0.81 Unsubscribe 25 21.39 49.03 95.41 13 Jan 14 Subscribe - 3.60 394.49 398.09 No of times - 0.14 0.88 0.80 Unsubscribe 25 21.40 105.51 101.91 9 Jan 14 Subscribe 0 3.35 358.75 362.10 No of times 0 0.13 0.80 0.72 Unsubscribe 25 21.65 91.25 137.90 8 Jan 14 Subscribe - 3.33 341.36 344.69 No of times - 0.13 0.76 0.69 Unsubscribe 25 21.67 108.64 155.31 7 Jan 14 Subscribe - 3.33 322 325.33 No of times - 0.13 0.72 0.65 Unsubscribe 25 21.67 128 174.67 6 Jan 14 Subscribe 0. 0.73 305.59 306.32 No of times nil 0.03 0.68 0.61 Unsubscribe 25 24.27 144.41 193.68 3 Jan 14 Subscribe 0 0.42 268.35 268.77 No of times nil 0.02 0.60 0.54 Unsubscribe 25 24.58 181.65 231.23 1 Jan 14 Subscribe 0 0.41 230.46 230.88 No of times 0 0.02 0.51 0.46 Unsubscribe 25 24.58 219.54 269.12 31 Dec Subscribe 0 0.19 204.15 204.35 No of times 0 0.01 0.45 0.41 Unsubscribe 25 24.80 245.85 295.65 30 Dec Subscribe NIL 0.10 168.78 168.88 No of times Nil 0.01 0.37 0.33 Unsubscribe 25 24.90 281.22 331.12 27 Dec Subscribe NIL 0.03 99.67 100.03 No of Times Nil 0.01 0.22 0.20 Unsubscribe 25 24.97 350.33 399.97
[wptabtitle] Download[/wptabtitle]
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| Issuer | HUDCO | HUDCO |
|---|---|---|
| Tranche/Series | Tranche II | wewew#colspan# |
| Issue Period | ||
| Type | Tax Free Bond | Tax Free Bond |
| Face Value | 1000 | 1000 |
| BSE Code | ||
| NSE Code | HUDCO.N6 | HUDCO.N6 |
| ISIN No | INE031A07873 | INE031A07881 |
| Date of Allotment | 28-Mar-13 | 28-Mar-13 |
| Date of Redemption | 28-Mar-23 | 28-Mar-28 |
| Coupon Rate | 7.03% + Retail .50 extra | 7.19% + Retail .50 extra |
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For any query , Kindly Write to us at
Call Rajendra 7719917444
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