Muthoot Finance Limited NCD, May 2019

Muthoot Finance NCD

Muthoot Finance Limited is offering a NCD for investors, which is open for all investors from 10th May 2019 to 10th June 2019. Promoters intend to raise Rs 1,00 Crore (Base) & Rs 4,000 Crore (Shelf) through the issue. For other details on Muthoot Finance Limited NCD, scroll below

Muthoot Finance Limited is a Kochi based India’s largest gold financing company in terms of loan book. Muthoot provide personal and business loans against gold. Company holds 8.05 million loan accounts.
Muthoot Finance Limited was incorporated on 14th March 1997 at Kochi, Kerala as a private limited firm. On 2nd December 2008, it was further changed to a public limited company 
M G George Muthoot, George Alexander Muthoot, George Thomas Muthoot, George Jacob Muthoot are the promoters of the company
The company mainly focuses on giving personal and business loans against gold to its customers

The company offers its services mainly to retail clients as well as business houses

The net proceeds will be used for:The net proceeds will be used by the company to lend money to clients and remaining proceeds will be used to maintain general corporate purposes

Issue Details
Issue Open10th May 2019Issue Close10th June 2019
Issue TypeFixed Price Issue NCDFace Value Rs 1000 Per NCD
Issue PriceRs 1000 Per NCDMinimum order quantity10 NCD
Issue Size ( Base)Rs 100 CroreMarket Lot1
Issue Size ( Shelf)Rs 4000 CroreListing at BSE
SeriesSeries I to Series XPayment FrequencyMonthly & Annual
Basis of AllotmentFirst Come First Serve BasisTenureRanging from 24 Month to 90 Month

ICRA has given ICRA “AA/ICRA änd Crisil has given “CRISIL AA/Stable” Ratings to the Muthoot Finance Limited NCD

AK Capital Services Limited, and Edelweiss Capital Limited are managing the NCD for the company

Muthoot Finance Limited NCD

Muthoot Chambers,
Opp Saritha Theatre Complex, 2nd Floor,
Banerji Road, Kochi 682 018
Phone: (+91 484) 239 4712
Email:ncd@muthootgroup.com

For more information on Latest NCDs visit, iponivesh.com