Muthoot Fincorp Ltd NCD Period From June 29th to July 17th, 2020:
The Muthoot Fincorp Ltd embedded in 1997. It is a non-deposit taking the non-banking financial company. The company mainly involved in personal and business loans. The NCD subscription period started on June 29th and it will end on July 17th, 2020.
|Bid Period||June 29th to July 17th, 2020|
|Security Name||Muthoot Fincorp Ltd|
|Security Type||Secured, Redeemable, Non-Convertible Debentures|
|Issue Size (Base)||Rs. 100.00 cr|
|Issue Size (Shelf)||Rs. 160.00 cr|
|Issue Price||Rs. 1,000 per NCD|
|Face Value||Rs. 1,000 each NCD|
|Minimum Lot Size||10 NCD|
|Market Lot||1 NCD|
|Credit Rating||CRISIL A/ Stable; BWR A +/Stable|
|Tenor||24 months, 38 months, 60 months|
|Series||Series I to IX|
|Payment Frequency||Monthly, Annual and Cumulative|
|Basis of allotment||First Come First Serve Basis|
Muthoot Fincorp Limited plans to raise a base issue size of Rs. 100 cr. Initially, every investor needs to invest a minimum of 10 NCDs with a market lot of 1 NCD. The face value of this fund is Rs. 1,000 per NCD. It also provides different interest rates and tenures of 24 months, 36 months, 60 months.
Muthoot Fincorp Ltd Coupon Rates:
|Series||Frequency||Tenure||Coupon Rate||Maturity Amount|
|I||Monthly||24 Months||9.00%||Rs. 1,000|
|II||Monthly||38 Months||9.15%||Rs. 1,000|
|III||Monthly||60 Months||9.25%||Rs. 1,000|
|IV||Annually||24 Months||9.40%||Rs. 1,000|
|V||Annually||38 Months||9.65%||Rs. 1,000|
|VI||Annually||60 Months||9.75%||Rs. 1,000|
|VII||Cumulative||24 Months||NA||Rs. 1,202|
|VIII||Cumulative||38 Months||NA||Rs. 1,348|
|XI||Cumulative||60 Months||NA||Rs. 1,611|
The Muthoot allotted 10,00,000 NCD’s from that it allotted 50,000 NCD’s for QIB. Similarly, it allotted 2,50,000 and 7,00,000 NCDs for NIIs and HNIs respectively. The Care Rating Agency rated as CRISIL A/ Stable; BWR A +/ Stable. It will be listed on the Bombay Stock Exchange (BSE).
Disclaimer: This article provides information about the scheme. It does not give any advice or recommendation. Please consult your financial adviser before investing.