Muthoot Fincorp NCD Jan 2023, Issue Date, Review & Interest Rates
About Muthoot Fincorp
Muthoot Fincorp Limited is one of India’s leading NBFCs. As the flagship company of Muthoot Pappachan Group (also known as Muthoot Blue). The company offers an extensive array of financial services, like Gold Loans, Small Business Loans, Affordable Housing Loans, Two-wheeler Loans, Used-car Loans, Domestic Money Transfer, International Remittance, Foreign Exchange, Insurance Products & Services, Wealth Management Services, Affordable Gold Jewlery and more. Each of the branches is like a financial super-market helping the customer in fulfilling most of the requirements under one roof.
Muthoot Fincorp NCD Jan 2023 Details
| Description | NCD Details |
|---|---|
| NCD Issue Open | 02-Jan-23 |
| NCD Issue Close | 27-Jan-23 |
| Issue Size (Base) | Rs. 200 Crores |
| Security Type | Secured Redeemable non-convertible Debentures |
| Price Band | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 Bonds (Rs.10,000) |
| Series | I-VIII |
| Credit Rating | “CRISIL AA-/Stable” by CRISIL Limited |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Symbol | |
| Listing At | BSE |
Terms of the NCDs
| Tenure | 27 months | 38 months | 48 months | 60 months | 48 months | 60 months | 27 months | 38 months |
| Options | I | II | III | IV | V | VI | VII | VIII |
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annually | Annually | NA | NA |
| Nature | Secured | Secured | Secured | Unsecured | Unsecured | Secured | Cumulative | Cumulative |
| Minimum Application | 10 NCDs (Rs 10,000) (across all options of NCDs) | |||||||
| In multiples, of | 1 NCD after the minimum application | |||||||
| Face Value of NCDs (Rs/NCD) | Rs 1,000 | |||||||
| Issue Price (Rs /NCD) | Rs 1,000 | |||||||
| Coupon (%) per annum | 8.10% | 8.25% | 8.40% | 8.50% | 8.70% | 8.80% | NA | NA |
| Amount on Maturity (Retail) | Rs.1000 | Rs.1000 | Rs.1000 | Rs.1000 | Rs.1000 | Rs.1000 | Rs.1199 | Rs.1297 |
Objects of the Issue
- For the purpose of Working Capital–- 75% of the amount raised and allotted in the Issue; and
- For General Corporate Purposes–- 25% of the amount raised and allotted in the Issue
Muthoot Fincorp NCD Jan 2023 – Documents
Muthoot Fincorp NCD Jan 2023 Lead Managers
- SMC Capitals Limited
Muthoot Fincorp NCD Jan 2023 Registrar
- Integrated Registry Management Services Private Limited
Muthoot Fincorp NCD Jan 2023 – FAQs
When is the Muthoot Fincorp NCD Jan 2023 issue open date?
The Muthoot Fincorp NCD Jan 2023 issue open date is on 2nd Jan 2023
When is the Muthoot Fincorp NCD Jan 2023 issue close date?
The Muthoot Fincorp NCD issue close date is on 27 Jan 2023
What is the price for one NCD for Muthoot Fincorp NCD Jan 2023 issue?
The price band is Rs 1000 per NCD and the minimum lot size is 10 Bonds (Rs. 10,000)
How to Apply Muthoot Fincorp Jan 2023 issue?
Apply from your demat account, if you don’t have the Demat Account, click here to open the Demat Account.
You can apply via downloading the form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centers
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