Muthoot Fincorp Ltd

Muthoot Fincorp Ltd NCD Details

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.

 NCD Details:

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
Listing At BSE
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. 

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