Muthoot Finance Limited is launching its NCD in markets. Public issue by Muthoot Finance Limited is scheduled From April 09, 2018 – May 08, 2018, of Secured NCDs of face value of Rs 1,000 each, for an amount up to Rs 3,000 crore (“Shelf Limit”), hereinafter referred to as the “Issue”. The NCDs will be issued in one or more tranches up to the Shelf Limit, on terms and conditions as set out in the relevant Tranche Prospectus for any Tranche Issue (each a “Tranche Issue”). Investors can get all important information as Price, Date, Prospectus, Credit Rating, Listing, Maturity, allotment status, subscription, application form & and trustee.
Objects Of Issue:
The Net Proceeds raised through this Tranche I Issue will be utilized for following activities in the ratio provided as below:
a) For the purpose of lending- 75% of the amount raised and allotted in the Tranche I Issue
b) For General Corporate Purposes- 25% of the amount raised and allotted in the Tranche I Issue
Summary Of Issue:
| Issue Open:- | April 09, 2018 – May 08, 2018 |
| Interest Rate or Coupon Rate on NCDs | 8.25% to 9.00 % depending on the category of investor and tenure of the NCDs. |
| Issue Size (Value) | Up to Rs 3,000 crore (“Shelf Limit”). |
| Face Value | Rs. 1,000 Per NCD |
| Minimum Application size | Rs 10,000 (10 NCDs) and in multiple of Rs 1,000 thereafter. |
| Credit Ratings | “[ICRA] AA (Stable)” by ICRA &“CRISIL AA/Stable” by CRISIL.. |
| Mode of Issue | Both physical as well as demat Form |
| Listing At | BSE, NSE |
| Allotment | “First come First Serve” Basis |
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Specific Terms of Muthoot Finance NCD
| Series | I | II | III | IV | V | VI | VII | VII | IX | X |
| Frequency of Interest Payment | Monthly* | Monthly* | Monthly* | Annualy** | Annualy** | Annualy** | NA | NA | NA | NA |
| Tenor | 24 Months | 38 Months | 60 Months | 24 Months | 38 Months | 60 Months | 400 Days | 24 Months | 38 Months | 60 Months |
| Coupon Rate | 8.25% | 8.50% | 8.75% | 8.50% | 8.75% | 9.00% | NA | NA | NA | NA |
| Effective Yield (p.a) category I, II, III And IV | 8.25% | 8.50% | 8.75% | 8.50% | 8.75% | 9.00% | 8.00% | 8.25% | 8.50% | 8.75% |
| Maturity Date | 24 Months | 38 Months | 60 Months | 24 Months | 38 Months | 60 Months | 400 Days | 24 Months | 38 Months | 60 Months |
Muthoot Finance NCD Allocation Ratio:
- Retail Individual – Up to 30% of Overall Issue Size
- Institutional (QIB) – Up to 20% of Overall Issue Size
- Non-Institutional (Corporate) – Up to 20% of Overall Issue Size
- HNI – Up to 30% of Overall Issue Size
*On first come first serve basis to be determined on the basis of the bid uploads made with the scheduled Stock Exchanges.
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Muthoot Finance NCD Subscription Details:
| Sr.No. | Category | No.of Bonds/NCDs offered/ reserved | No. of Bonds bid for – BSE | No. of Bonds/NCDs bid for – NSE |
| 1 | Category I | |||
| 2 | Category II | |||
| 3 | Category III | |||
| 4 | Category IV | |||
| Total |
subscription details will be updated soon.
Download “Muthoot Finance Limited NCD” Application Form
Muthoot Finance NCD – (Company Promoters)
The promoters of the company are:
1. M G George Muthoot,
2. George Alexander Muthoot,
3. George Thomas Muthoot,
4. George Jacob Muthoot
Muthoot Finance NCD – (Debenture Trustee)
IDBI Trusteeship Services Limited
Asian Building, Ground Floor, 17 R Kamani Marg, Ballard Estate, Mumbai
Tel: 022-40807000; Fax: 022-66311776
Email: itsl@idbitrustee.com
Registrar To The Issue:-
Link Intime India Private Limited
C-13, Pannalal Silk Mills Compound L.B.S. Marg, Bhandup(West), Mumbai
Tel: 022-25967878; Fax 022-25960329
Email: bonds.helpdesk@linkintime.co.in
Lead Managers To The Issue:-
- Edelweiss Capital Limited
- A.k. Capital Services Limited
To Invest in NCD, Submit Your Details Below:
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