Sep 13, 2012

Muthoot Finance Ltd. Public Issue of Secured NCD - September 2012




Muthoot Finance Ltd. is the largest gold financing company in India in terms of loan portfolio1 and is the flagship company of the Muthoot Group
  • Gold Loan business was started in 1939 
  • Group started its retail loan business under the name ‘Muthoot Bankers’, a partnership firm
  • Group incorporated ‘Muthoot Finance Ltd’ in 1997 and commenced business as NBFC in 2001
  • Company is a public limited company classified as a Systemically Important – Non Deposit taking NBFC
  • As of June 30, 2012 Company has 3,780 branches spread across 20 states/national capital territory of Delhi / 4 Union Territories and has employed  25,103 employees in its operations


Issuer
Muthoot Finance Ltd.
Issue
Public Issue of NCDs aggregating upto Rs. 2,500 million with an option to retain over- subscription upto Rs. 2,500 million for issuance of additional NCDs aggregating to a total of upto Rs. 5,000 million.
Proposed to be listed in
NSE and BSE
Credit Rating
‘CRISIL AA-’  & ‘[ICRA]AA-’
Issuance & Trading
Both in Dematerialized & Physical form (physical issuance is not for Option V)
Minimum Application
Rs.10, 000 (10 NCDs in multiple of 1 NCD)
Trading Lot
1 (one) NCD
Depositories
NSDL and CDSL
Issue Schedule*
The Issue shall be open from 17th Sept, 2012 to 5th Oct, 2012.
Allotment
On first come first basis
Interest on refund
6% p.a.
Security
First pari passu charge on the identified immovable property and a first pari passu charge on current assets, book debts, loans and advances, and receivables including gold loan receivables, both present and future, of the Company.

  • Issuance: Physical (Option 1, 2,3 & 4) and Dematerialised (Option 1, 2,3, 4 & 5)
  • No Tax will be deducted at source from the interest on listed NCD’s in the dematerialized form.
  • For other series, the investor has the option to apply for NCDs in physical form, in which case TDS at applicable rates will be deducted

Options
I
II
III
IV
V
Frequency of interest payment
Annual
Annual
Monthly
Annual
N.A.
Tenor
24 months
36 months
60 months
60 months
72months
Coupon Rate (%)
11.50%
11.75%
11.75%
12.00%
N.A.
Effective yield (per annum)
11.50%
11.75%
12.40%
12.00%
12.25%

Category Wise Issue Allocation

Category I - QIB
Category II – Corporate & HNI
Category III - Retail
Upto 15% of  Overall Issue Size
Upto 35% of  Overall Issue Size
Upto 50% of  Overall Issue Size
75 Crores
175 Crores
Rs. 250 Crores

For more details get in touch with us, just fill up the Enquiry form  Click Here or To apply Kindly indicate your interest on by Calling us at 0-9818269396, or email at info@safeinvestindia.com. We shall send you the Soft / Hard copy of application forms.

Contact Us

Email: info@safeinvestindia.com | Phone: 0-981-826-9396 | Fill Inquiry Form Click Here

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