Muthoot Finance NCD Issue 2019: Upcoming NCD Issue in February 2019

Muthoot Finance NCD Issue 2019: Muthoot Finance Limited, India’s top gold loan NBFC is issuing the Non-Convertible Debentures (NCDs) from 14-February-2019 to 14-March-2019.

muthoot finance limited ipo issue 2019

Muthoot Finance NCD Issue 2019 – Issue Details
Issue Type Secured Redeemable Non-Convertible Debentures
Issuer Indiabulls Consumer Finance Limited
Issue Opens 14-February-2019
Issue Closes 14-March-2019
Interest (Coupon Rate) Up to 10.00%
Face Value Rs 1,000 per NCD
Issue Size Rs 7,500 million 
Minimum Order 10 NCD (Rs 10,000)
Listing BSE

(Read: Debenture – Fixed Income Investment)

Muthoot Finance NCD Issue 2019 – Objects of the Issue

According to Muthoot Finance Limited, following are the objects of the issue:-

  1. To achieve the lending targets in which 75% of the raised capital will be utilized, and
  2. To fulfil the general corporate purpose of the company in which 25% of the raised capital will be utilized.

(Read: Security Market and Its Structure – Primary Market and Secondary Market)

Muthoot Finance NCD Issue 2019 – Ratings of the Issue

The following rating agencies have given the ratings to this issue as given below:-

  1. ICRA: [ICRA] AA/Stable
  2. CRISIL: CRISIL AA/Stable
About Muthoot Finance Limited

Muthoot Finance Limited is Kochi, Kerala based Non-Banking Finance Company (NBFC) which was incorporated in the year 1997. It is the largest gold loan NBFC in India based on the loan portfolio. This company provides personal and business loans which are secured by gold jewellery. This company primarily focuses on lending to individual customers. The gold loan portfolio of the company comprises approximately 8.15 loan accounts. This company operates its services through 4,370 branches across 23 states and territories in India with 23,888 employees. 

Following are the strengths of the company:-

  • Leading position in the market in the gold loan business
  • Pan-India reach and a good network of branches
  • Well Known Brand Name
  • High-quality customer service and robust operating systems
  • Strong ability in capital raising
  • In-house training capabilities

The following initiatives have been taken by the company for further growth of the business:-

  • Money transfer services
  • Collection services
  • Unsecured loans
  • Windmills business

As on 31-March-2018, the total net worth of the company is Rs 77,604 million and current assets are Rs 3,04,181.33 million.

Promoters: Following are the promoters of Muthoot Finance Limited:-

  1. M. G. George Muthoot,
  2. George Alexander Muthoot,
  3. George Thomas Muthoot, and
  4. George Jacob Muthoot

Registered and Corporate Address: 2nd Floor, Muthoot Chambers, Opposite Saritha Theatre Complex, Banerji Road, Kochi 682 018, India.

Telephone: +91-484 239 4712

Email: ncd@muthootgroup.com

Website: www.muthootfinance.com

Muthoot Finance NCD Issue 2019 – Lead Managers to the Issue

Edelweiss Financial Services

Telephone: +91-22 4086 3535

Email: muthoot.ncd@edelweissfin.com

A. K. Capital Services Limited 

Email: mflncd2019@akgroup.co.in

Muthoot Finance NCD Issue 2019 – Registrar to the Issue

Link Intime India Private Limited

Email:mfl.ncd2019@linkintime.co.in

Muthoot Finance NCD Issue 2019 – NCD Trustee

IDBI Trusteeship Service Limited

Telephone: +91-22 4080 7000
Email: anjalee@idbitrustee.com

Please click here and go through the draft prospectus of the issue.

 

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions. 

 

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Tags: #debenture #nonconvertible debenture #bond #Investment #NCD #Muthoot finance NCD

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