Muthoot Fincorp Ltd NCD (Muthoot Fincorp NCD June 2020) Detail
Muthoot Fincorp Ltd has come out with public issue of “Muthoot Fincorp Ltd NCD June 2020” (non-convertible debentures) offering up to 9.75% interest rate and opens for subscription from June 29, 2020.
ABOUT THE COMPANY:
Muthoot Fincorp Ltd (Established in 1997) is a non-deposit taking NBFC. The company is primarily engaged in the business of offering personal and business loans which are secured by gold ornaments and jewellery.They also have some interest in generation and sale of wind energy and real-estate.Muthoot Fincorp Ltd gold loan products are structured to serve the business and personal purposes by individuals who do not have ready or timely access to formal credit or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements. The Gold loan portfolio of the Company as of June 30, 2019 comprised approximately 28.50 Lakhs loan accounts that were serviced through 3,551 branches located across 19 states, the union territory of Andaman and Nicobar Islands and the national capital territory of Delhi. They have been engaged in the Gold loans business for over a decade and are headquartered in Kerala.
gold loan product is available for personal and business purposes to meet short-term liquidity requirements of the individuals.
Gold Loan products offered by the company are:
1. Muthoot Blue Guide Gold loan
2. Muthoot Blue Bright Gold loan
3. Muthoot Blue Power Gold loan
4. Muthoot Blue Bigg Gold loan
5. Muthoot Blue Smart Gold loan
6. 24×7 Express Gold loan
Muthoot Fincorp Ltd is a different company than Muthoot Finance which is market leader in gold loans.
FOUNDERS OF Muthoot Fincorp Ltd
NINAN MATHAI MUTHOOT
Muthoot Fincorp Ltd NCD June 2020 Detail:
|Issue Open||Jun 29, 2020 – Jul 17, 2020|
|Security Name||Muthoot Fincorp Ltd|
|Security Type||Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)|
|Issue Size (Base)||Rs 100.00 Crores|
|Issue Size (Shelf)||Rs 160.00 Crores|
|Issue Price||Rs 1000 per NCD|
|Face Value||Rs 1000 each NCD|
|Minimum Lot size||10 NCD|
|Market Lot||1 NCD|
|Credit Rating||CRISIL A/ Stable; BWR A +/ Stable|
|Tenor||24 months/ 38 months/ 60 months|
|Series||Series I to Series IX|
|Payment Frequency||Monthly, Annual and Cumulative|
|Basis of Allotment||First Come First Serve Basis|
NCD’s are available in 9 options. It offers NCD bonds for 24 months, 36 months and 60 months tenure.
Coupon interest rates are between 9% to 9.75%.
Yield on these bonds are up to 10%.
These are secured redeemable NCDs.
Interest payable monthly, yearly and on maturity depending on the option chosen by the NCD investor.
Objects of the Muthoot Fincorp Ltd Issue:
1. Working capital purpose and for repayment of interest and principal of existing loans
2. General corporate purposes.
Muthoot Fincorp NCD June 2020 Prospectus:
CLICK HERE Muthoot Fincorp NCD Prospectus
Company Contact Information
TC No 14/2074-7 Punnen Road Trivandrum – 695 039,
Phone: +91 471 491 1550
Muthoot Fincorp Ltd NCD June 2020 Registrar
Integrated Registry Management Services Private Limited
2 nd Floor,
Ramakrishna Street, North Usman Road,
T. Nagar, Chennai – 600 017
Phone: + 91 44 2814 0801 to 803
Muthoot Fincorp Ltd NCD June 2020 Lead Manager(s):
SMC Capitals Limited
302-303, Enterprise Centre,
Nehru Road, Vile Parle (East),
Mumbai 400 099, India
Phone: +91 (22) 6648 1818
Fax: +91 (22) 6648 1850
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