Muthoot Finance Ltd is coming up with a public issue of Unsecured & Secured, Redeemable, Non Convertible Debentures (NCDs) of face value of Rs. 1000 each aggregating to a total of upto Rs. 2000 Cr. The Issue is open for subscription on 11 April 2017 and closes on 10 May 2017 (Early Close 12 April 2017).
Muthoot NCD Issue Highlights
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Specific Term of Issue
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About Company
Muthoot Finance Ltd, the largest gold loan NBFC in India in terms of loan portfolio. Muthoot Finance 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. Their customer are typically small businessmen, vendors, traders, farmers and salaried Individuals, who for reasons of convenience, accessibility or necessity, avail of credit facilities by pledging their gold jewellery.
Who can Apply for this NCD
- Category I – Institutional Investor
- Public financial institution, Commercial/co-op Banks, RRB etc.
- Provident funds, pension funds, Mutual Fund, Insurance Fund
- Category II – Non Institutional Investor
- Companies, body corporate & societies, Public/private charitable trusts , Partnership firms, LLPs
- Category III – High Net worth Individuals
- HNIs , HUFs
- > Rs. 10 Lakhs
- Category IV – Retail Individual Investor
- Resident Indian Individual
- HUF through Karta
- < Rs. 10 Lakhs
Muthoot Finance Ltd NCD Allotment Link
Registrar of Issue Link Intime
Allotment Listing Details – ISIN No, Maturity Date , BSE Script code etc
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Basis of Allotment
