This entry is part 5 of 9 in the series Muthoot NCD

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.

 Product Note

Issue Highlights

IssuerMuthoot Finance Ltd
Type of InstrumentNon Secured, Redeemable, NCD
Issue Open18 Nov 2013
Issue Close2 Dec 2013 (with option of early closure or extension)
Issue Size300 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
RatingAA - (ICRA) , AA - (CRISIL)
ListingBSE

Specific Term of Issue

OptionsIIIIIIIVVVI
Tenor24 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 Value100010001000100010001000
Maturity100010001000100010001000
Interest PaymentMonthlyMonthyMonthyAnnual Annual Annual
OptionsVIIVIIIIXXXI
Tenor60 month (5 yrs)400 days24 month (2 yrs)36 month (3 yrs)60 month (5 yrs)
Coupon Rate %11.00%12.00%12.25%12.00%12.25%
Face Value10001000100010001000
Maturity1121.711254.401414.361762.342000
Interest Paymentn.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

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 Open18 Nov 2013
Issue Close
Issue Registrar
Listing ExchangeBSE
Allotment Date
Listing Date
Interest Payment Date
Face Value1000
Circular Ref. No BSE -
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 INE INE INE INE INE
BSE Script
Maturity Amt100010001000100010001000
Maturity
Interest PaymentMonthlyMonthlyMonthlyYearlyYearlyYearly
Option VIIOption VIIIOption IXOption XOption XI
Coupon11.00%12.00%12.25%12.00%12.25%
Period400 days24 month36 month60 month72 month
ISIN NoINE INE INE INE INE
BSE Script
Maturity Amt1121.711254.401414.361762.342000
Maturity
Interest Payment DtN.A.N.A.N.A.N.A.N.A.

 

Subscription

Today 21 Nov, Officially not received subscription data but total subscription Amt . 190 to 200 Cr. (Approximate) 

Subscription Figures   5 PM  

DateParticularCat.-ICat-IICat-IIITotal
Issue Size 45 Cr 105 Cr150 Cr300 Cr
22 NovSubscribe4.00 Cr.0.47 Cr278.98 Cr283.46 Cr
No of times0.09 times0.01.86 times0.94 times
Unsubscribe41 Cr104.53 Cr(128.98) excess283.46 Cr
21 NovSubscribe4.00 Cr0.46 Cr215.66 Cr220.12 Cr
No of times0.08 times0.001.44 times0.74 times
Unsubscribe41 Cr.104. 54 Cr(65.66) Excess79.88 Cr
20 NovSubscribeNil0.40 Cr.164.09 Cr.164.49 Cr.
No of timesNil0.00 times1.09 times0.55 times
UnsubscribeNil104.60 Cr.(14.09)135.51 Cr.
19 Nov.Subscribenil0.38115.54 Cr115.92 Cr
No of timesnil0.000.77 times0.39 times
Unsubscribe45 Cr.104.62 Cr34.46 Cr184.08 Cr
18 NovSubscribenil0.3824.70 Cr25.08 Cr.
No of timesnil0.000.16 times0.08 times
Unsubscribe45 Cr104.62 Cr125.30 Cr.274.92 Cr

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RajendraNCDMuthoot 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...Investment you need