Muthoot Fincorp Ltd NCD (Muthoot Fincorp NCD June 2020) Detail

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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.

Muthoot Fincorp Ltd NCD June 2020
Muthoot Fincorp Ltd NCD June 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

MUTHOOT PAPPACHAN

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
Listing At BSE
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

Muthoot Fincorp Ltd
Muthoot Centre,
TC No 14/2074-7 Punnen Road Trivandrum – 695 039,
Kerala, India

Phone: +91 471 491 1550
Email: cs@muthootfincorp.com
Website: https://www.muthootfincorp.com/

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
Email: mfinipo@integratedindia.in
Website: http://www.integratedindia.in/

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

Website:  http://www.smccapitals.com
Email:  investor.grievance@smccapitals.com
Phone: +91 (22) 6648 1818
Fax: +91 (22) 6648 1850

KNOW MORE ABOUT NCDS: CLICK HERE

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