Muthoot Finance Ltd launched Public Issue of Secured redeemable NCD of  Rs. 1000 each from 2 Sep 2013 and issue close on 16 Sep.  Muthoot finance largest gold financing company in India in term of loan portfolio. It aims to raise upto 150 Cr. through this Issue, with an option to retain oversubscription upto 150 Cr.

Allotment is on First Come First Serve Basis.

Product Note

Issue Highlights

IssuerMuthoot Finance Ltd
Type of InstrumentSecured & Unsecured NCD
Issue Open02 Sep, 2013
Issue Close16 Sep., 2013
Issue SizeIssue of Secured & Non Secured NCD's aggregating upto Rs 150 Cr with an option to retain over-subscription upto Rs 150 Cr aggregating to Rs. 300 Cr
Face ValueRs. 1,000
Min. Application Size10 NCD's (Rs.10,000) & multiply of 1 NCD thereafter
Interest Through various option available
Mode of AllotmentD'mat & Physical Form
RatingAA- by CAREL, AA- by CRISIL
ListingBSE

Specific Term of Issue

OptionsIIIIIIIV*VVI
Interest FrequencyMonthlyMonthlyMonthlyAnnuallyAnnuallyAnnually
Tenor24 month36 month60 month24 month36 month60 month
Coupon Rate %11.50%12.00%11.50%12.00%12.25%12.00%
Effective yield11.50%12.00%11.50%12.00%12.25%12.00%
Maturity Amt100010001000100010001000
Face Value100010001000100010001000
OptionsVIIVIIIIXXXI
Interest FrequencyN.A.N.A.N.A.N.A.N.A.
Tenor400 DAYS24 month36 month60 month72 month
Coupon Rate %N.A.N.A.N.A.N.A.N.A.
Effective yield11.00%12.00%12.55%12.00%12.25%
Maturity Amt1121.711254.521425.761762.782000
Face Value10001000100010001000

 

 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

About Issue

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.

 

Allotment Listing

Muthoot Finance Allotment Listing Complete Details

NCD 2013-14Muthoot Finance Ltd
Issue Open17 Sep 2013
Issue Close 23 Sep 2013
Issue RegistrarLink Intime Pvt Ltd
Listing ExchangeBSE
Allotment Date24 Sep 2013
Listing Date30 Sep 2013
Interest Payment Date
Face Value1000
Circular Ref. No BSE - 20130927-9
Option IOption IIOption IIIOption IVOption VOption VI
Coupon11.50%12.00%11.50%12.00%12.25%12.00%
Period24 month36 month60 month24 month36 month60 month
ISIN NoINE 414G07258 INE 414G07266INE 414G07274INE 414G07282INE 414G07282INE 414G07290
BSE Script 934891934892934893934894934895934896
Maturity Amt100010001000100010001000
Maturity25 Sep 201525 Sep 201625 Sep 201825 Sep 201525 Sep 201625 Sep 2018
Interest PaymentMonthlyMonthlyMonthlyYearlyYearlyYearly
Option VIIOption VIIIOption IXOption XOption XI
Coupon11.00%12.00%12.55%12.00%12.25%
Period400 days24 month36 month60 month72 month
ISIN NoINE 414G07316 INE 141G07324INE 414G07332INE 414G07340INE 414G08215
BSE Script 934897934898934899934900934901
Maturity Amt1121.711254.521425.761762.782000
Maturity30 Oct 201525 Sep 201525 Sep 201625 Sep 201825 Sep 2019
Interest Payment DtN.A.N.A.N.A.N.A.N.A.

 

 

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