This entry is part 7 of 9 in the series Muthoot NCD

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.

 

 Product Note

Muthoot NCD Issue Highlights

IssuerMuthoot Finance Ltd
Type of InstrumentSecured & Unsecured Redeemable, NCD
Issue Open18 Aug 2014
Issue Close18 Sep 2014 (with option of early closure or extension)
Issue Size200 Cr. with an option to retain oversubscription of 400 Cr.
Face ValueRs. 1,000
Min. Application Size10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)
Interest Monthly, Annually & Cumulative
Mode of AllotmentD'mat as well as Physical Form
Rating ICRA AA- (Double AA Minus)
ListingBSE
Application Money Interest
Allotment Money Interest

Specific Term of Issue

OptionsIIIIIIIVVVI
Tenor24 month (2 yrs)36 month (3 yrs)60 month (5 yrs)24 month (2 yrs)36 month (3 yrs)60 month (5 yrs)
Coupon - Retail10.75%11.25%11.00%11.00%11.50%11.25%
Face Value100010001000100010001000
Maturity100010001000100010001000
Interest PaymentMonthlyMonthyMonthyAnnual Annual Annual
OptionsVIIVIIIIXX
Tenor400 days2 yrs3 yrs5 yrs
Base CouponNANANANA
Yield - 10.25 %11.00 %11.50 %11.25 %
Face Value1000100010001000
Maturity 1113.341232.101386.201704.12
Interest Paymentn.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

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.

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Subscription

Listing

NCDMuthoot Finance Ltd
Issue Open18 Aug 2014
Issue Close18 Sep 2014
Issue RegistrarLink Intime
Listing
Allotment Date26 Sep 2014
Listing Date01 Oct 2014
Face Value1000
Circular Ref No20140930-14
SeriesOption IOption IIOption IIIOption IVOption V
NatureSecuredSecuredSecuredSecuredSecured
FrequencyMonthlyMonthlyMonthlyAnnualAnnual
Coupon- Cat II ,III10.75%11.25%11.00%11.00%11.50%
ISININE414 G07753INE414 G07761INE414 G07779INE414 G07787INE414 G07795
BSE CODE935198935200935202935204935206
Maturity Amt10001000100010001000
Maturity Date26/09/201626/09/201726/09/201926/09/201626/09/2017
First Interest Dt1/11/20141/11/20141/11/201426/09/201526/09/2015
SeriesOption VIOption VIIOption VIIIOption IXOption XOption XI
NatureSecuredSecuredSecuredSecuredSecuredUnsecured
FrequencyAnnualCumulativeCumulativeCumulativeCumulativeCumalative
Coupon- Cat II ,III11.25%NANANANANA
ISININE414 G07803INE414 G07811INE414 G07829INE414 G07837INE414 G07845INE414 G08264
BSE CODE935208935210935212935214935216935217
Maturity Amt10001104.981215.511358.411647.451913.74
Maturity Date26/09/201931/10/201526/09/201626/09/201726/09/201926/03/2021
First Interest Dt26/09/2015

For any query , Kindly Write to us at

                       rajendra@puneinvest.com or

                          Call Rajendra 7719917444                 

RajendraNCDMuthoot 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...Investment you need