Muthoot Finance Ltd launched Public Issue of NCD of Rs. 1000 each from 18 Nov 2013 and issue close on 2 Dec 2013. Muthoot finance largest gold financing company in India in term of loan portfolio. It aims to raise upto 300 Cr. through this Issue. Issue Close Monday 25 Nov. (early Closer)
Allotment is on First Come First Serve Basis.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
Issue Highlights
| Issuer | Muthoot Finance Ltd |
|---|---|
| Type of Instrument | Non Secured, Redeemable, NCD |
| Issue Open | 18 Nov 2013 |
| Issue Close | 2 Dec 2013 (with option of early closure or extension) |
| Issue Size | 300 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 (3 yrs) | 36 month (3 yrs) | 60 month (5 yrs) |
| Coupon Rate % | 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 | 60 month (5 yrs) | 400 days | 24 month (2 yrs) | 36 month (3 yrs) | 60 month (5 yrs) |
| Coupon Rate % | 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] Allotment Listing[/wptabtitle] [wptabcontent]
Muthoot Finance Allotment Listing Complete Details
| NCD 2013-14 | Muthoot Finance Ltd |
|---|---|
| Issue Open | 18 Nov 2013 |
| Issue Close | |
| Issue Registrar | |
| Listing Exchange | BSE |
| Allotment Date | |
| Listing Date | |
| Interest Payment Date | |
| Face Value | 1000 |
| Circular Ref. No | BSE - |
| Option I | Option II | Option III | Option IV | Option V | Option VI | |
|---|---|---|---|---|---|---|
| Coupon | 11.50% | 12.00% | 11.50% | 12.00% | 12.25% | 12.00% |
| Period | 24 month | 36 month | 60 month | 24 month | 36 month | 60 month |
| ISIN No | INE | INE | INE | INE | INE | INE |
| BSE Script | ||||||
| Maturity Amt | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| Maturity | ||||||
| Interest Payment | Monthly | Monthly | Monthly | Yearly | Yearly | Yearly |
| Option VII | Option VIII | Option IX | Option X | Option XI | ||
|---|---|---|---|---|---|---|
| Coupon | 11.00% | 12.00% | 12.25% | 12.00% | 12.25% | |
| Period | 400 days | 24 month | 36 month | 60 month | 72 month | |
| ISIN No | INE | INE | INE | INE | INE | |
| BSE Script | ||||||
| Maturity Amt | 1121.71 | 1254.40 | 1414.36 | 1762.34 | 2000 | |
| Maturity | ||||||
| Interest Payment Dt | N.A. | N.A. | N.A. | N.A. | N.A. |
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[wptabtitle] Subscription[/wptabtitle] [wptabcontent] Today 21 Nov, Officially not received subscription data but total subscription Amt . 190 to 200 Cr. (Approximate)
Subscription Figures 5 PM
| Date | Particular | Cat.-I | Cat-II | Cat-III | Total |
|---|---|---|---|---|---|
| Issue Size | 45 Cr | 105 Cr | 150 Cr | 300 Cr | |
| 22 Nov | Subscribe | 4.00 Cr. | 0.47 Cr | 278.98 Cr | 283.46 Cr |
| No of times | 0.09 times | 0.0 | 1.86 times | 0.94 times | |
| Unsubscribe | 41 Cr | 104.53 Cr | (128.98) excess | 283.46 Cr | |
| 21 Nov | Subscribe | 4.00 Cr | 0.46 Cr | 215.66 Cr | 220.12 Cr |
| No of times | 0.08 times | 0.00 | 1.44 times | 0.74 times | |
| Unsubscribe | 41 Cr. | 104. 54 Cr | (65.66) Excess | 79.88 Cr | |
| 20 Nov | Subscribe | Nil | 0.40 Cr. | 164.09 Cr. | 164.49 Cr. |
| No of times | Nil | 0.00 times | 1.09 times | 0.55 times | |
| Unsubscribe | Nil | 104.60 Cr. | (14.09) | 135.51 Cr. | |
| 19 Nov. | Subscribe | nil | 0.38 | 115.54 Cr | 115.92 Cr |
| No of times | nil | 0.00 | 0.77 times | 0.39 times | |
| Unsubscribe | 45 Cr. | 104.62 Cr | 34.46 Cr | 184.08 Cr | |
| 18 Nov | Subscribe | nil | 0.38 | 24.70 Cr | 25.08 Cr. |
| No of times | nil | 0.00 | 0.16 times | 0.08 times | |
| Unsubscribe | 45 Cr | 104.62 Cr | 125.30 Cr. | 274.92 Cr |
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[wptabtitle] Download[/wptabtitle] [wptabcontent]
For any query , Kindly Write to us at
Call Rajendra 7719917444
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To purchase your ncd, which account you need, ordinary account or nri account, please let me know
because I am interested to purchase your ncd……………….
NRI not allowed to Invest in this Issue
You need demat account.
Dear Rajendra,
Hi,
I received your message and thanks for that, actually I will purchase your ncd by my NRO account in India,
I know that NRI’s are not allowed to purchase the ncd, fyi………….
Could you please let me know that when the new public issue for ncd will be published in the newspaper
please let me know so that I can prepares myself to purchase your ncd in time………..
Also, please let me know what are the requirements to attached with ncd application, and from where I can
download the Muthoot application form for purchasing the ncd and cheque drawn should be make under what name all these details please let me know asap, thnx………..
Regards,
Syed Maqsood Ahmed
Riyadh, Kingdom of Saudi Arabia