Muthoot Fincorp Limited – NCD Issue :
About the Company
Muthoot's operating history has evolved over a period of 72 years since M George
Muthoot (the father of the Promoters) founded a gold loan business in 1939. Presently, it is the largest gold financing company in India in terms of loan portfolio.
Issue Open : 22 Dec 2011
Close on : 07 Jan 2011
About the Company
Muthoot's operating history has evolved over a period of 72 years since M George
Muthoot (the father of the Promoters) founded a gold loan business in 1939. Presently, it is the largest gold financing company in India in terms of loan portfolio.
It is registered with the Reserve Bank of India as a systemically important non-deposit taking
non-banking finance company (NBFC) with a paid up capital of Rs 181.25 crores and a Net Owned Fund of Rs 766.50 cr as on 30.09.2011.
Muthoot Fincorp Limited focuses on providing a host of financial services through a wide network of over 1560 branches pan India. It has a diverse mix of retail offerings in the areas of Consumer loan products and investment advisory services. These include Gold loans, Home loans, Auto loans, Loans against Property, Investment products and Advisory Services.
non-banking finance company (NBFC) with a paid up capital of Rs 181.25 crores and a Net Owned Fund of Rs 766.50 cr as on 30.09.2011.
Muthoot Fincorp Limited focuses on providing a host of financial services through a wide network of over 1560 branches pan India. It has a diverse mix of retail offerings in the areas of Consumer loan products and investment advisory services. These include Gold loans, Home loans, Auto loans, Loans against Property, Investment products and Advisory Services.
Product Details
Options | Option I | Option II | Option III | Option IV |
Tenure | 24 month | 36 month | 60 month | 66 month |
| Face Value | Rs. 1000 per Debenture | |||
| Minimum Application | Rs. 5000 and in multiples of one bond thereafter | |||
| nterest Payment | Annual | Annual | Annual | Cumulative |
Coupon Rate | 13 % | 13.25% | 13.25% | 13.43% |
Redemption Amt | Face Value plus accrued interest at redemtion date | 2000 | ||
Allotment will happen on first cum and first serve basis.
Issue Highlight
- Compulsorily in Demat Form
- Allotment in as first come first basic
- No TDS Deduction in Demat Form
- Rating AA- ( Stable ) by CRISIL & AA- (Stable) by ICRA
Risk
The company is almost 100% in the gold loan business and all its advances are secured
against it, so Muthoot may get affected by any meaningful decline in gold prices.
against it, so Muthoot may get affected by any meaningful decline in gold prices.
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