Muthoot Fincorp launched Public Issue of NCD of Rs. 1000 each from 15 Sep 2014 and issue close on 15 Oct 2014.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
Muthoot Fincorp NCD Issue Highlights
| Issuer | Muthoot Fincorp Ltd |
|---|---|
| Type of Instrument | Unsecured & Secured Redeemable, NCD |
| Issue Open | 15 Sep 2014 |
| Issue Close | 15 Oct 2014 (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 | A - (CRISIL) |
| Listing | BSE |
Specific Term of Issue
| Options | I | II | III | IV | V | VI |
|---|---|---|---|---|---|---|
| Tenor | 400 days | 24 month (2 yrs) | 36 month (3 yrs) | 72 month (6 yrs) | 24 month (2 yrs) | 36 month (3 yrs) |
| Base Coupon - | 10.25% | 11.00% | 11.50% | 12.00% | 11.50% | 11.75% |
| Face Value | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| Maturity | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| Interest Payment | Monthly | Monthy | Monthy | Monthy | Annual | Annual |
| Options | VII | VIII | IX | X | XI |
|---|---|---|---|---|---|
| Tenor | 60 month (5 year) | 400 days | 24 month (2 year) | 36 month (3 year) | 72 month (6 year) |
| Base Coupon | 11.50% | 10.50% | 11.50% | 11.75% | 12.25% |
| Face Value | 1000 | 1000 | 1000 | 1000 | |
| Maturity | 1000 | ||||
| Interest Payment | Annual | Cumulative | Cumulative | Cumulative | Cumulative |
Some option available with Unsecured Category before investing check it’s secure or Unsecure NCD.
Allotment is on First Come First Serve Basis
Note : Applicant can not apply for allotment of NCDs under VII, VIII, IX, X & XI in physical mode.
NRI’s are Not Allowed to Invest
Cheque Details :
Cheque / DD should be drawn in favour of ” “ by all applicant
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[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
About Company
- Company is a part of the “Muthoot Pappachan Group” which has diversified business interests ranging from hospitality, financial services, catering, infrastructure for information technology, automobile sales and services and real estate.
- One of the three largest Indian NBFCs engaged primarily in the Gold Loans business in terms of the size of Gold Loans Portfolio.
- One of the Largest branch network among gold loan NBFCs in India
- Systemically Important Non deposit taking NBFC
- Track record of over 15 years
- Customers includes small businessmen, vendors, traders, farmers and salaried individuals
- 3,831 branches located across 15 states and NCR with a significant presence in South India as on 31st March 2014.
- 18,113 employees including 1,322 contracted experts as on 31st March, 2014
Financial Highlights:
- Portfolio of outstanding gross Loans under Management has grown from Rs. 2,309 Crores in FY 09-10 to Rs.
- 7,957 Crores in FY13-14 at a CAGR of 36.24%
- Total Income of ` 1,975 Crores & Profit After Tax of ` 63.26 Crores for FY 2013-14
- Gross NPA of 2.06% of the total loan assets as on March 31, 2014
- Capital Adequacy Ratio (CAR) of 21.01% as on March 31, 2014
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[wptabtitle] Listing[/wptabtitle] Muthoot Fincorp Ltd
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For any query , Kindly Write to us at
Call Rajendra 7719917444
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