Muthoot Fincorp Ltd. NCD Details

Muthoot Fincorp Ltd. NCD period begins from Jan 9, 2020, to Feb 4, 2020:

Muthoot Fincorp Ltd NCD to begin this Jan 9. The organization was consolidated in 1997. By and large, it includes business in offering individual and gold advances.

Gold loan products offered by the organization, for example,

Muthoot Blue Guide, Bright, Power, Bigg, Smart, and 24×7 Express Gold Loan

Muthoot Fincorp Ltd. NCD Details

Issue Open Jan 9, 2020 – Feb 4, 2020

Security Name

Muthoot Fincorp Limited

Security Type

Made sure about, Redeemable, Non-Convertible Debentures (Secured NCDs)

Issue Size (Base) Rs 250.00 Crores

Issue Size (Shelf) Rs 480.00 Crores

Issue Price Rs 1000 for each NCD

Face Value Rs 1000 each NCD

Least Lot size 10 NCD

Market Lot 1 NCD

Posting At BSE

FICO assessment BWR A+/Stable, CRISIL A/Stable

Tenor 400 days/two years/38 months/60 months

Series Series I to Series XI

Installment Frequency Monthly, Annual and Cumulative

Premise of Allotment First Come First Serve Basis

The base issue size remained Rs 250 crores. Additionally, the rack issue size remained Rs 480 crores. Be that as it may, the NCD comprise of made sure about, redeemable, non-convertible debentures type. Muthoot company goes about as an advertiser for this NCD.

In addition, the presumptive worth noted as Rs 1000 for every NCD. Be that as it may, the issue cost remained Rs 1000 for each NCD. Likewise, the premise of assignment may follow the primary start things out serve strategy. Regardless of this, it would list at BSE.

Coupon Rates

Series Frequency Tenor Coupon Rate Amount on Maturity

I Monthly 400 days 9.0% Rs 1,000

II Monthly 24 months 9.25% Rs 1,000

III Monthly 38 months 9.40% Rs 1,000

IV Monthly 60 months 9.50% Rs 1,000

V Annually 24 months 9.65% Rs 1,000

VI Annually 38 months 9.90% Rs 1,000

VII Annually 60 months 10.00% Rs 1,000

VIII Cumulative 400 days NA Rs 1,102

IX Cumulative 24 months NA Rs 1,202

X Cumulative 38 months NA Rs 1,348

XI Cumulative 60 months NA Rs 1,611

Objects of the NCD 

The organization would use the raised sum as working capital. Likewise, for reimbursement of intrigue and head of existing advances. Other than this, it may utilize this for general corporate purposes also.

Fundamentally, the proposed Muthoot Fincorp Ltd NCD has a rating of BWR A+/Stable, CRISIL A/Stable. Likewise, the units dispensed are in particular, QIBs with 5%, NIIs with 10%, HNIs with 85%, and RIIs with 0%.

Disclaimer: This article gives data about the plan. It doesn't offer any guidance or proposal. If you don't mind counsel your budgetary counselor before contributing.