Muthoot Finance Ltd launched Public Issue of NCD of Rs. 1000 each from 18 Aug 2014 and issue close on 18 Aug. 2014. Muthoot finance largest gold financing company in India in term of loan portfolio. It aims to raise upto 400 Cr. through this Issue. Every new issue company reduce interest rate.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
Muthoot NCD Issue Highlights
| Issuer | Muthoot Finance Ltd |
|---|---|
| Type of Instrument | Secured & Unsecured Redeemable, NCD |
| Issue Open | 18 Aug 2014 |
| Issue Close | 18 Sep 2014 (with option of early closure or extension) |
| Issue Size | 200 Cr. with an option to retain oversubscription of 400 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 | ICRA AA- (Double AA Minus) |
| Listing | BSE |
| Application Money Interest | |
| Allotment Money Interest |
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 - Retail | 10.75% | 11.25% | 11.00% | 11.00% | 11.50% | 11.25% |
| 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 | |
|---|---|---|---|---|---|
| Tenor | 400 days | 2 yrs | 3 yrs | 5 yrs | |
| Base Coupon | NA | NA | NA | NA | |
| Yield - | 10.25 % | 11.00 % | 11.50 % | 11.25 % | |
| Face Value | 1000 | 1000 | 1000 | 1000 | |
| Maturity | 1113.34 | 1232.10 | 1386.20 | 1704.12 | |
| Interest Payment | n.a. | n.a. | n.a. | n.a. |
Note : Applicant can not apply for allotment of NCDs under VII, VIII, IX, X & XI in physical mode.
Subject to Applicable Tax deducted at source (TDS)
Cheque Details :
Cheque / DD should be drawn in favour of ” Escrow Account Muthoot Finance NCD Public Issue “ by all applicant
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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] Download Form[/wptabtitle] [wptabcontent] Download Form & Submit SBI Capital – Collection Center
Download Form Link
Check here Location for SBICap Securities Ltd – Collection purpose
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[wptabtitle] Subscription[/wptabtitle] [wptabcontent]
[wptabtitle] Listing[/wptabtitle]
| NCD | Muthoot Finance Ltd |
|---|---|
| Issue Open | 18 Aug 2014 |
| Issue Close | 18 Sep 2014 |
| Issue Registrar | Link Intime |
| Listing | |
| Allotment Date | 26 Sep 2014 |
| Listing Date | 01 Oct 2014 |
| Face Value | 1000 |
| Circular Ref No | 20140930-14 |
| Series | Option I | Option II | Option III | Option IV | Option V |
|---|---|---|---|---|---|
| Nature | Secured | Secured | Secured | Secured | Secured |
| Frequency | Monthly | Monthly | Monthly | Annual | Annual |
| Coupon- Cat II ,III | 10.75% | 11.25% | 11.00% | 11.00% | 11.50% |
| ISIN | INE414 G07753 | INE414 G07761 | INE414 G07779 | INE414 G07787 | INE414 G07795 |
| BSE CODE | 935198 | 935200 | 935202 | 935204 | 935206 |
| Maturity Amt | 1000 | 1000 | 1000 | 1000 | 1000 |
| Maturity Date | 26/09/2016 | 26/09/2017 | 26/09/2019 | 26/09/2016 | 26/09/2017 |
| First Interest Dt | 1/11/2014 | 1/11/2014 | 1/11/2014 | 26/09/2015 | 26/09/2015 |
| Series | Option VI | Option VII | Option VIII | Option IX | Option X | Option XI |
|---|---|---|---|---|---|---|
| Nature | Secured | Secured | Secured | Secured | Secured | Unsecured |
| Frequency | Annual | Cumulative | Cumulative | Cumulative | Cumulative | Cumalative |
| Coupon- Cat II ,III | 11.25% | NA | NA | NA | NA | NA |
| ISIN | INE414 G07803 | INE414 G07811 | INE414 G07829 | INE414 G07837 | INE414 G07845 | INE414 G08264 |
| BSE CODE | 935208 | 935210 | 935212 | 935214 | 935216 | 935217 |
| Maturity Amt | 1000 | 1104.98 | 1215.51 | 1358.41 | 1647.45 | 1913.74 |
| Maturity Date | 26/09/2019 | 31/10/2015 | 26/09/2016 | 26/09/2017 | 26/09/2019 | 26/03/2021 |
| First Interest Dt | 26/09/2015 |
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For any query , Kindly Write to us at
Call Rajendra 7719917444
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