Muthoot Finance Limited, a Kochi, Kerala based largest gold loan NBFC in India is issuing the NCD (Non-Convertible Debentures). The company targets to raise a capital of up to Rs 4,000 crore through the tranche-1 issue. Muthoot Finance NCD 2019 opens for investment on 10th May 2019 and closes on 10th June 2019. The non-convertible debentures of face value Rs 1,000 each will be offered to investors during this issue. The company is offering a coupon rate (rate of interest) of up to 10.00% on investment.
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.
Muthoot Finance NCD 2019 – Issue Details
| Issue Type | Secured Non-Convertible Debentures (NCDs) |
|---|---|
| Issuer Company | Muthoot Finance Limited |
| Issue Opens | 10th May 2019 |
| Issue Closes | 10th June 2019 |
| Coupon Rate (ROI) | Up to 10.00% |
| Face Value | Rs 1,000 |
| Issue Price | Rs 1,000 |
| Minimum Order Quantity | 10 NCD (Rs 10,000) |
| Issue Size | Up to Rs 4,000 Crores |
| Listing | BSE |
| Listing Date | Within 6 Working Days of Issue Closing Date |
| Rating |
|
| Lead Managers | |
| Registrar | Link Intime India Private Limited |
| Company Contact Details |
2nd Floor, Muthoot Chambers, Opposite Saritha Theatre Complex, Banerji Road, Kochi 682 018, India. Website: www.muthootfinance.com |
Issue Prospectus
Follow us on Facebook, LinkedIn, and Twitter to get the latest posts.
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.
Tags: #Investment #Debentures #NCD #Muthoot Finance
