Five separate series of NCDs are being issued, with terms varying 18 and 24 months and coupons ranging from 9.57 % p.a. to 10.50 % p.a. The maximum amount the company hopes to raise is Rs 250 crore with a Face value of Rs. 1000 each NCD and a minimum lot size of 10 NCD. The NCDs have a redeemable and secure nature. Let’s investigate more details and get into greater detail about this NCD issue.

About Vivriti Capital Limited

Established in 2017, Vivriti Capital Limited extends lending solutions to mid-market enterprises across India. The company holds RBI registration as a significant non-deposit-taking non-banking financial company (NBFC-NDSI).

Vivriti Capital offers a spectrum of financial products including term loans, working capital demand loans, co-lending partnerships, securitization, supply chain finance, and investment in bonds and commercial paper. These offerings serve entities without easy access to banking finance due to either unrated status or limited ratings, primarily in urban/semi-urban areas. Their clientele spans various sectors such as healthcare, pharma, logistics, manufacturing, and more. As of March 31, 2023, Vivriti Capital held outstanding loan assets of ₹450,873.24 lakh, investments in bonds, securitizations, and commercial paper of ₹132,706.77 lakhs, and an AUM of ₹583,580.01 lakhs.

With credit ratings of A (stable outlook) by ICRA Limited and A (positive outlook) by CARE Ratings, Vivriti Capital operates across multiple states including Tamil Nadu, Maharashtra, Karnataka, Rajasthan, and Delhi.

Vivriti Capital Limited NCD 2023 – Issue Details

Vivriti Capital Limited NCD 2023 – Objects of the Issue

The proceeds from the Issue will be used as follows, as stated by the company:

• Onward lending, financing, and repayment of interest and principal of existing borrowings of the company.
• General Corporate Purposes.

Power Finance Corporation Limited NCD Issue Ratings

This NCD issue has been rated ICRA A (Stable) by ICRA Limited and CARE A+ by CARE Ratings Limited.

Vivriti Capital Limited – Company Contact Details

• Address: Prestige Zackria Metropolitan No. 200/1-8, 2nd Floor, Block -1, Annasalai, Chennai 600 002
• Telephone: +91 44 4007 4800
• Website:  https://www.vivriticapital.com/ 

Vivriti Capital Limited NCD 2023 – Lead Manager of the Issue

The lead manager for this NCD issue is Jm Financial Limited. 

Vivriti Capital Limited NCD 2023 – Registrar of the Issue

The registrar of this NCD issue is Integrated Registry Management Services Private Limited.

Vivriti Capital Limited NCD 2023 – Debenture Trustee

The trustee of this debenture issued by Vivriti Capital Limited is Catalyst Trusteeship Limited.

Issue Documents

Please click here to read the final issue prospectus for detailed information on Vivriti Capital Limited NCD issue 2023.

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.

The post Vivriti Capital Limited NCD 2023 – Coupon Rate, Issue Dates, Issue Prospectus appeared first on Investingly - Stock Market | Mutual Funds | IPO | NFO | NCD.

Six separate series of NCDs are being issued, with terms varying 22, 37 and 60 months and coupons ranging from 8.25 % p.a. to 8.40 % p.a. The maximum amount the company hopes to raise is Rs 10,000 crore with a Face value of Rs. 1000 each NCD and a minimum lot size of 10 NCD. The NCDs have a redeemable and secure nature. Let’s investigate more details and get into greater detail about this NCD issue.

About Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Co Ltd, founded in 1978, serves as the financial services arm of the Murugappa Group. It operates in India and has subsidiaries, including Cholamandalam Securities Limited (CSEC) and Cholamandalam Home Finance Limited (CHFL). Chola operates an extensive network of more than 1,166 branches throughout India, managing assets totaling over INR 1,03,789 Crores. With a vast customer base, the company serves over 21 lakh customers across the country.

The company’s main segments consist of vehicle finance loans (for vehicles, tractors, and construction equipment), home loans (for residential property acquisition), loan against property (using immovable property as collateral), and other loans (including loans against shares and SME loans). Additionally, it provides investment advisory and stockbroking services. Its operations are exclusively based in India.

Cholamandalam NCD 2023 – Issue Details

Cholamandalam NCD 2023 – Objects of the Issue

The proceeds from the Issue will be used as follows, as stated by the company:

• Onward lending, financing, and repayment of interest and principal of existing borrowings of the company.
• General Corporate Purposes.

Cholamandalam Investment and Finance Company Limited NCD Issue Ratings

This NCD issue has been rated ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited.

Cholamandalam Investment and Finance Company Limited – Company Contact Details

• Address: Dare House, No. 2, N.S.C. Bose Road, Parrys, Chennai 600 001, Tamil Nadu
• Telephone: +91 44 4090 7172
• Website: http://www.cholamandalam.com 

Cholamandalam NCD 2023 – Lead Manager of the Issue

The lead manager for this NCD issue is A.K. Capital Services Limited.

Cholamandalam NCD 2023 – Registrar of the Issue

The registrar of this NCD issue is Kfin Technologies Limited.

Cholamandalam Investment and Finance Company Limited NCD 2023 – Debenture Trustee

The trustee of this debenture issued by Cholamandalam Investment and Finance Company Limited is Idbi Trusteeship Services Ltd.

Issue Documents

Please click here to read the final issue prospectus for detailed information on Cholamandalam Investment and Finance Company Limited NCD issue 2023.

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.

The post Cholamandalam NCD July 2023 – Coupon Rate, Issue Dates, Issue Prospectus appeared first on Investingly - Stock Market | Mutual Funds | IPO | NFO | NCD.

Three separate series of NCDs are being issued, with terms varying 3, 10 and 15 years and coupons ranging from 7.45 % p.a. to 7.55 % p.a. The maximum amount the company hopes to raise is Rs 10,000 crore with a Face value of Rs. 1000 each NCD and a minimum lot size of 10 NCD. The NCDs have a redeemable and secure nature. Let’s investigate more details and get into greater detail about this NCD issue.

About Power Finance Corporation Limited

Power Finance Corporation Limited (PFC), incorporated in 1986, is a leading financial institution in India, specializing in the power sector. PFC collaborates with government agencies, state governments, power utilities, and private sector clients to develop and implement policies and reforms in the power sector.

Registered with the RBI as a non-deposit taking systemically important NBFC, PFC attained ‘Navratna’ status in 2007. It offers a comprehensive range of financial products and services, including project support from conceptualization to post-commissioning stages, various forms of fund-based and non-fund-based assistance, and fee-based technical advisory services through its subsidiary, PFC Consulting Limited.

Power Finance Corporation NCD 2023 – Issue Details

Power Finance Corporation NCD 2023 – Objects of the Issue

The proceeds from the Issue will be used as follows, as stated by the company:

• For the purpose of onward lending, financing / refinancing the existing indebtedness of the company, and/or debt servicing (payment of interest and/or repayment/prepayment of interest and principal of existing borrowings of the company).
• General Corporate Purposes.

Power Finance Corporation NCD Issue Ratings

This NCD issue has been rated CRISIL AAA/Stable by CRISIL Ratings Limited.

Power Finance Corporation Limited – Company Contact Details

• Address: “Urjanidhi”, 1, Barakhamba Lane, Connaught Place, New Delhi – 110 001
• Telephone: +91 11 2345 6000
• Website: https://www.pfcindia.com/ 

Power Finance Corporation Limited NCD 2023 – Lead Manager of the Issue

The lead manager for this NCD issue is Jm Financial Limited, A.K. Capital Services Limited, Smc Capitals Limited, Trust Investment Advisors Private Limited and Nuvama Wealth Management Limited.

Power Finance Corporation Limited NCD 2023 – Registrar of the Issue

The registrar of this NCD issue is Kfin Technologies Limited.

Power Finance Corporation Limited NCD 2023 – Debenture Trustee

The trustee of this debenture issued by Power Finance Corporation Limited is Beacon Trusteeship Limited. 

Issue Documents

Please click here to read the final issue prospectus for detailed information on Power Finance Corporation Limited NCD issue 2023.

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.

The post Power Finance Corporation Limited NCD 2023 – Coupon Rate, Issue Dates, Issue Prospectus appeared first on Investingly - Stock Market | Mutual Funds | IPO | NFO | NCD.

Eight separate series of NCDs are being issued, with terms varying from 24 months to 60  months and coupons ranging from 8.88 % p.a. to 10.15 % p.a. The maximum amount the company hopes to raise is Rs 900 crore with a Face value of Rs. 1000 each NCD and a minimum lot size of 10 NCD. The NCDs have a redeemable and secure nature. Let’s investigate more details and get into greater detail about this NCD issue.

About Indiabulls Housing Finance Limited

Established in 2005, Indiabulls Housing Finance Limited is a prominent mortgage lending company in India and serves as the flagship entity of the Indiabulls Group. With a comprehensive range of services including Home Loans, Home Renovation Loans, Rural Home Loans, and Home Extension Loans, they cater to diverse housing finance needs. With a pan-India presence, the company operates through a network of 164 branches, enabling direct interaction and efficient customer service. They boast a dedicated sales team of 2,200 employees spread across their branch network. 

Indiabulls Housing Finance Limited holds impressive credit ratings, with “AA; Outlook Stable” from CRISIL and ICRA, “AA; Outlook Negative” from CARE Ratings, and “AA+; Outlook Stable” from Brickwork Ratings for their non-convertible debentures and subordinated debt program.

Indiabulls Housing Finance Limited NCD 2023 – Issue Details

Indiabulls Housing Finance Limited NCD 2023 – Objects of the Issue

The proceeds from the Issue will be used as follows, as stated by the company:

• For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company.
• General Corporate Purposes.

Indiabulls Housing Finance Limited NCD Issue

This NCD issue has been rated CRISIL AA/Stable by CRISIL Ratings Limited.

Indiabulls Housing Finance Limited – Company Contact Details

• Address: 5th Floor, Building No. 27 KG Marg Connaught Place, New Delhi – 110 001.
• Telephone: +91 11 4353 2950
• Website: http://www.indiabullshomeloans.com/ 

Indiabulls Housing Finance Limited NCD 2023 – Lead Manager of the Issue

The lead manager for this NCD issue is Edelweiss Financial Services Ltd, Elara Capital (India) Private and Trust Investment Advisors Private Limited.

Indiabulls Housing Finance Limited NCD 2023 – Registrar of the Issue

The registrar of this NCD issue is Kfin Technologies Limited

Indiabulls Housing Finance Limited NCD 2023 – Debenture Trustee

The trustee of this debenture issued by Indiabulls Housing Finance Limited is Idbi Trusteeship Services Ltd.

Issue Documents

Please click here to read the final issue prospectus for detailed information on Indiabulls Housing Finance Limited NCD issue 2023.

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.

The post Indiabulls Housing Finance Limited NCD July-2023 – Coupon Rate, Issue Dates, Issue Prospectus appeared first on Investingly - Stock Market | Mutual Funds | IPO | NFO | NCD.

Five separate series of NCDs are being issued, with terms varying from 18 months to 36  months and coupons ranging from 10.18 % p.a. to 11.01 % p.a. The maximum amount the company hopes to raise is Rs 500 crore with a Face value of Rs. 1000 each NCD and a minimum lot size of 10 NCD. The NCDs have a redeemable and secure nature. Let’s investigate more details and get into greater detail about this NCD issue.

About Navi Finserv Limited 

Navi Finserv Limited, established in 2012, specializes in providing Financial Services. Through their mobile application, Navi app, they offer Digital Personal Loans, Housing Loans, and Loans Against Property. As a registered non-deposit taking NBFC under RBI, they operate as a wholly owned subsidiary of Navi Technologies Limited. Formerly known as Chaitanya Rural Intermediation Development Services Private Limited, Navi Finserv follows a mobile-first, app-only approach for personal and home loans. They have approved personal loans in 84% of Indian pin codes and have disbursed home loans in 8 cities as of December 31, 2021.

Navi Finserv Limited NCD 2023 – Issue Details

Navi Finserv Limited NCD 2023 – Objects of the Issue

The proceeds from the Issue will be used as follows, as stated by the company:

• For the purpose of onward lending, financing, and repayment of existing loans and borrowings of the company.
• General Corporate Purposes.

Navi Finserv Limited NCD Issue

This NCD issue has been rated CRISIL A/Stable by CRISIL Ratings Limited.

Navi Finserv Limited – Company Contact Details

• Address: Second Floor, Vaishnavi Tech Square, Iballur Village, Begur Hobli, Bengaluru – 560 102.
• Telephone: 080 45113400
• Website: http://www.navi.com/finserv 

Navi Finserv Limited NCD 2023 – Lead Manager of the Issue

The lead manager for this NCD issue is Jm Financial Limited

Navi Finserv Limited NCD 2023 – Registrar of the Issue

The registrar of this NCD issue is Link Intime India Private Ltd

Navi Finserv Limited NCD 2023 – Debenture Trustee

The trustee of this debenture issued by Navi Finserv Limited  is Catalyst Trusteeship Limited.

Issue Documents

Please click here to read the final issue prospectus for detailed information on Navi Finserv Limited NCD issue 2023.

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.

The post Navi Finserv Limited NCD July-2023 – Coupon Rate, Issue Dates, Issue Prospectus appeared first on Investingly - Stock Market | Mutual Funds | IPO | NFO | NCD.

Ten separate series of NCDs are being issued, with terms varying from 24 months to 120 months and coupons ranging from 8.94 % p.a. to 10.46 % p.a. The maximum amount the company hopes to raise is Rs 150 crore with a Face value of Rs. 1000 each NCD and a minimum lot size of 10 NCD. The NCDs have a redeemable and secure nature. Let’s investigate more details and get into greater detail about this NCD issue.

About Edelweiss Financial Services Limited 

Edelweiss Financial Services Limited (EFSL), a Mumbai-based investment banking firm and Merchant Banker, has been a prominent player in the financial industry since its establishment in 1995. Over the years, Edelweiss has diversified its operations and expanded into various sectors, including credit (both retail and corporate), wealth management, asset management, asset reconstruction, and insurance (including life and general insurance) through its subsidiary companies.

With a vast presence across India and abroad, Edelweiss boasts a robust network of around 300 offices situated in approximately 126 cities within India, along with three international locations. This extensive reach enables the company to cater to a broad range of clients and serve their financial needs effectively. Additionally, Edelweiss takes pride in its dedicated workforce, comprising approximately 8,500 employees who contribute their expertise to the company’s growth and success.

In 2007, Edelweiss made the strategic decision to become a publicly-traded company, signaling its commitment to transparency and accountability in its operations. 

Edelweiss Financial Services NCD 2023 – Issue Details

Edelweiss Financial Services Limited NCD 2023 – Objects of the Issue

The proceeds from the Issue will be used as follows, as stated by the company:

• For the purpose of repayment /prepayment of interest and principal of existing borrowings of our Company.
• General Corporate Purposes.

Edelweiss Financial Services Limited NCD Issue

This NCD issue has been rated AA-/Negative by CRISIL Ratings Limited.

Edelweiss Financial Services Limited – Company Contact Details

• Address: Edelweiss House, Off C.S.T. Road, Kalina, Mumbai 400 098 Maharashtra, India.
• Telephone: +91 22 4009 4400
• Website: http://www.edelweissfin.com 

Edelweiss Financial Services Limited NCD 2023 – Lead Manager of the Issue

The lead manager for this NCD issue is Equirus Capital Private Limited

Edelweiss Financial Services Limited NCD 2023 – Registrar of the Issue

The registrar of this NCD issue is Kfin Technologies Limited

Edelweiss Financial Services Limited NCD 2023 – Debenture Trustee

The trustee of this debenture issued by Edelweiss Financial Services Limited is Beacon Trusteeship Limited

Issue Documents

Please click here to read the final issue prospectus for detailed information on Edelweiss Financial Services Limited NCD issue 2023.

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.

The post Edelweiss Financial Services Limited  NCD 2023 – Coupon Rate, Issue Dates, Issue Prospectus appeared first on Investingly - Stock Market | Mutual Funds | IPO | NFO | NCD.

About IIFL Finance Limited

Founded in 1995, IIFL Finance Limited is a prominent Non-Banking Financial Company (NBFC-ND-SI) based in Mumbai, India. They offer a comprehensive suite of financial products catering to a diverse customer base. Their product portfolio includes home loans, gold loans, business loans (including loans against property and financing for medium and small enterprises), microfinance, construction and real estate finance, and capital market finance. With a strong foothold in the financial services sector, IIFL Finance serves both retail and corporate clients. 

As of March 31, 2023, their consolidated assets under management reached ₹64,637.64 crores, reflecting steady growth over the years. The company operates through its subsidiaries, including IIFL Home Finance Limited, IIFL Samasta Finance Limited, and IIFL Open Fintech Private Limited, with a widespread presence through 3,119 branches across 500+ cities nationwide.

IIFL Finance NCD 2023 – Issue Details

IIFL Finance NCD 2023 – Objects of the Issue

The Company proposes to utilize the funds towards funding the following objects:

• Onward lending, financing, and refinancing the existing indebtedness of the company (payment of the interest and/or repayment /prepayment of the principal of borrowings), and
• General Corporate Purposes.

Rating of the Indel Money NCD Issue

This NCD issue has been rated CRISIL AA/Stable by Crisil Ratings Limited.

IIFL Finance Limited – Company Contact Details

IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, Thane Industrial Area, Wagle Estate, Thane – 400

Phone: +91 22 4103 5000

Email: csteam@iifl.com

Website: http://www.iifl.com

IIFL Finance NCD 2023 – Lead Manager of the Issue

The lead manager for this upcoming NCD issue are:

1. Edelweiss Financial Services Ltd
2. Trust Investment Advisors Private Limited
3. IIFL Securities Ltd
4. Equirus Capital Private Limited

IIFL Finance NCD 2023 – Registrar of the Issue

The registrar of this upcoming IPO issue is Link Intime India Pvt Ltd.

Issue Documents

Please click here to read the final issue prospectus for detailed information on Sakthi Finance NCD issue 2023.

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 for necessary suggestions.

The post IIFL Finance NCD 2023 – Coupon Rate, Issue Dates, Issue Prospectus appeared first on Investingly - Stock Market | Mutual Funds | IPO | NFO | NCD.

About Indel Money Limited

Indel Money Limited, established in 1986, is a reputable non-deposit-taking non-banking finance company (NBFC) regulated by the RBI. Specializing in gold loans, the company provides financial assistance by accepting gold jewelry as collateral. Additionally, they offer loans against property, business loans, and personal loans.

Catering primarily to customers in rural and semi-urban areas, Indel Money Limited operates through 191 branches across states such as Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, and the union territory of Puducherry. Their centralized web-based IT platform efficiently manages loan-related data across all branches. The company has also introduced user-friendly mobile applications available on the Google Play Store and iOS App Store. To further streamline operations, they have developed a web-based payment portal called E-Connect.

Indel Money Limited’s competitive strengths include being a prominent non-deposit-taking NBFC in the gold loan sector of South India, boasting a strong operating history. Their long-term gold loan schemes are highly beneficial for customers, and the convenience of doorstep loan delivery adds to their appeal. With an extensive and expanding branch network in rural and semi-urban regions of South India, the company is supported by an experienced management team and skilled personnel.

Indel Money NCD 2023 – Issue Details

Indel Money NCD 2023 – Objects of the Issue

The Company proposes to utilize the funds towards funding the following objects:

• For the purpose of onward lending, financing, and repayment/prepayment of principal and interest on borrowings of the Company
• General corporate purposes.

Rating of the Indel Money NCD Issue

This NCD issue has been rated BBB +/Stable by Crisil Ratings Limited.

Indel Money Limited – Company Contact Details

Address:  Indel Money Limited, Office No.301, Floor No.3, Sai Arcade N.S Road, Mulund West, Mumbai – 400 080

Phone: +91 484 293 3989

Email: care@indelmoney.com 

Website: http://www.indelmoney.com/ 

Indel Money NCD 2023 – Lead Manager of the Issue

The lead manager for this upcoming IPO issue is Vivro Financial Services Private Limited

Indel Money NCD 2023 – Registrar of the Issue

The registrar of this upcoming IPO issue is Link Intime India Pvt Ltd.

Issue Documents

Please click here to read the final issue prospectus for detailed information on Indel Money NCD issue 2023.

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 for necessary suggestions. 

The post Indel Money NCD 2023 – Coupon Rate, Issue Dates, Issue Prospectus appeared first on Investingly - Stock Market | Mutual Funds | IPO | NFO | NCD.

About Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited (Chola) is a financial services company that provides vehicle finance, home loans, SME loans, investment advisory services, stock broking, and other financial services. Established in 1978, it is the financial services arm of the Murugappa Group. Chola has over 1,166 branches across India and assets under management worth over INR 1,03,789 crores. 

The company serves more than 21 lakh customers across the country. Chola has a strong presence in the Indian financial market and continues to expand its portfolio of financial products and services.

Cholamandalam Investment NCD 2023 – Issue Details

Cholamandalam Investment NCD 2023 – Objects of the Issue

The following are the objectives of this NCD issue by Cholamandalam Investment and Finance Company Limited:-

• For the purpose of onward lending, financing and for repayment of interest and principal of existing borrowings of the Company, and
• General corporate purposes

Rating of Cholamandalam Investment NCD Issue

This Cholamanfalam NCD has been given IND AA+/Stable by India Ratings & Research Private Limited and [ICRA]AA+ (Stable) by ICRA Limited.

Cholamandalam Investment – Company Contact Details

• Address: Dare House, No. 2, N.S.C. Bose Road Parrys, Chennai 600 001 Tamil Nadu, India
• Telephone: +91-44-4090 7172
• Website: http://www.cholamandalam.com/ 

Cholamandalam Investment NCD 2023 – Lead Manager of the Issue

The lead manager of this NCD issue is A. K. Capital Services Limited.

• Address: 603, 6 th Floor, Windsor, Off CST Road, Kalina Santacruz East, Mumbai 400 098 Maharashtra, India
• Telephone: +91-22-67546500
• Email: chola.ncd2023@akgroup.co.in 
• Website: http://www.akgroup.co.in/ 

Cholamandalam NCD 2023 – Registrar of the Issue

The registrar of this issue is KFin Technologies Limited.

• Address: Selenium, Tower B, Plot No- 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad Rangareddi 500 032, Telangana, India
• Telephone: +91-40-67162222
• Email: chola.ncdipo@kfintech.com 
• Website: http://www.kfintech.com/ 

Cholamandalam NCD – Debenture Trustee

The trustee of this debenture is IDBI Trusteeship Services Limited. 

Issue Documents

Please click here to read the final issue prospectus for detailed information on Cholamandalam Investment NCD 2023.

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.

The post Cholamandalam Investment NCD 2023 – Issue Dates, Issue Prospectus appeared first on Investingly - Stock Market | Mutual Funds | IPO | NFO | NCD.

About Muthoot Fincorp Limited

Muthoot Fincorp Limited, incorporated in 1997, is an NBFC that does not accept deposits. Gold ornaments and jewellery are used as collateral for the company’s loans to consumers and small businesses. Individuals can get the short-term cash they need with the gold loan product, which can be used for either personal or commercial purposes. As of December 31, 2022, the company’s Gold loan portfolio had 32.89 lakhs of loan accounts. Including 168 contracted experts, the organization had 15,079 employees and 3,627 branches as of December 31, 2022. This included locations in 24 states and the union territory of the Andaman and Nicobar Islands.

The Company is a sub-agent for many recognized money transfer organizations, therefore in addition to its Gold lending business, it also offers foreign exchange conversion and money transfer services. The following are further pursuits in which Muthoot Fincorp is involved:

The company’s wind farms in Tamil Nadu produce and sell wind energy, while the company also engages in the real estate market via joint venture developers who build on land it owns.

Muthoot Fincorp NCD 2023 – Issue Details

Muthoot Fincorp NCD 2023 – Objects of the Issue

The proceeds from the Issue will be used as follows, as stated by the company:

• 75% of the proceeds from the Issue will be used for Working Capital.
• 25% of the proceeds from the Issue will be used for general corporate purposes.

Rating of Muthoot Fincorp NCD Issue

This NCD issue has been rated AA-/Stable by CRISIL Ratings Limited.

Muthoot Fincorp Limited – Company Contact Details

• Address: Muthoot Fincorp Limited, Muthoot Centre, TC No 27/3022 Punnen Road, Trivandrum 695 001, Kerala
• Telephone: +91 471 491 1550
• Website: http://www.muthootfincorp.com/ 

Muthoot Fincorp Ltd. NCD 2023 – Lead Manager of the Issue

The lead manager for this NCD issue is Smc Capitals Limited.

Muthoot Fincorp Ltd. NCD 2023 – Registrar of the Issue

The registrar of this NCD issue is Integrated Registry Management Services Private Limited

Muthoot Fincorp Ltd. NCD 2023 – Debenture Trustee

The trustee of this debenture issued by Muthoot Fincorp Limited is Vardhman Trusteeship Private Limited

Issue Documents

Please click here to read the final issue prospectus for detailed information on Muthoot Fincorp Ltd. NCD issue 2023.

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 for necessary suggestions.

The post Muthoot Fincorp NCD 2023 – Coupon Rate, Issue Dates, Issue Prospectus appeared first on Investingly - Stock Market | Mutual Funds | IPO | NFO | NCD.