Muthoot Homefin Limited, a Kochi, Kerala based financial services company is issuing the NCD (Non-Convertible Debentures). The company targets to raise a capital of up to Rs 3,000 million through this issue. Muthoot Homefin NCD 2019 opens for investment on 8th April 2019 and closes on 7th May 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 Homefin Limited
Muthoot Homefin Limited is a company based in Kerala and it was incorporated in the year 2011. It is non-deposit taking housing finance company and were registered with the National Housing Bank (NHB). It is a wholly owned subsidiary company of Muthoot Finance Limited, one of India’s largest gold financing companies. As on 30th September 2018, the company has a base of 20,237 customers. They focus on providing affordable housing loans to Lower Middle-Income Groups (LMIG) and Economically Weaker Sections (EWS) of society in tier-2, tier-3 and tier-4 cities. Their customers comprise primarily informal and formally salaried workers and self-employed individuals.
The company helps customers in arranging funds for the purchase of a property, construction of new residential property, as well as for renovation, improvement, and extension of existing residential property. These loan products are secured by creating a mortgage on the residential properties. This company also provides their salaried customers with loans against the property by allowing them to mortgage their property with the company. As on 30th September 2018, the total assets of the company stands at Rs 1785.4 Crores. It is promoted by Muthoot Finance Limited.
Muthoot Homefin NCD 2019 – Issue Details
| Issue Type | Secured Redeemable Non-Convertible Debentures |
|---|---|
| Issuer Company | Muthoot Homefin (India) Limited |
| Issue Opens | 8th April 2019 |
| Issue Closes | 7th May 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 3,000 Million |
| Listing | BSE |
| Listing Date | Within 6 Working Days of Issue Closing Date |
Muthoot Homefin NCD 2019 – Objects of the Issue
The following are the objectives of the upcoming NCD Issue:-
- For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of
existing borrowings of our company, and - General corporate purposes.
Rating of the Muthoot Homefin NCD Issue 2019
CRISIL has given CRISIL AA/ (Outlook) Stable rating to this upcoming NCD Issue.
Muthoot Homefin NCD 2019 – Company Contact Details
Registered Office: Muthoot Chambers, Kurians Tower, Banerji Road, Ernakulam North, Kochi, Kerala – 682 018.
Corporate Office: Unit No 1201-1202, 12th Floor, A – Wing, Lotus Corporate Park, W. E. Highway, Goregaon East, Mumbai – 400 063.
Telephone: +91-484-6690599, +91-22-9110900, +91-22-3911 0999
Website: www.muthoothomefin.com
Muthoot (India) Homefin NCD 2019 – Lead Managers to the Issue
Muthoot (India) Homefin NCD 2019 – Lead Managers to the Issue
Link Intime India Private Limited
Muthoot Homefin NCD 2019 – Debenture Trustee
Milestone Trusteeship Services Private Limited
Issue Documents
Please read the final issue prospectus for detailed information of Muthoot Homefin (India) NCD issue 2019.
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 Homefin NCD 2019
