Muthoot Fincorp NCD September 2021, 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 September 2021 Details
| Description | NCD Details |
|---|---|
| NCD Issue Open | 30-Sep-21 |
| NCD Issue Close | 26-Oct-21 |
| Security Type | Secured and Unsecured 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-IX |
| Credit Rating | “CRISIL A+/Stable” by CRISIL |
| Payment Frequency | Monthly & Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Symbol | |
| Listing At | BSE |
Terms of the NCDs
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 |
| Nature | Secured | Secured | Secured | Unsecured | Unsecured | Secured | Secured | Secured | Unsecured |
| Tenor (months) | 27 Months | 38 Months | 60 Months | 72 Months | 87 Months | 27 Months | 38 Months | 60 Months | 87 Months |
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Monthly | Cumulative | Cumulative | Cumulative | Cumulative |
| Coupon (% per annum) for all Category Investor(s) | 8.25% | 8.50% | 8.75% | 9.50% | 9.75% | NA | NA | NA | NA |
| Effective Yield (p.a.) for all Category of Investor(s) | 8.57% | 8.84% | 9.10% | 9.92% | 10.20% | 8.58% | 8.83% | 9.10% | 10.19% |
| Redemption Amount (Rs.) | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,203 | 1,307 | 1,546 | 2,022 |
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 September 2021 – Documents
Muthoot Fincorp NCD September 2021 Lead Managers
- SMC Capitals Limited
Muthoot Fincorp NCD September 2021 Registrar
- Integrated Registry Management Services Pvt Ltd
Muthoot Fincorp NCD September 2021 – FAQs
When is the Muthoot Fincorp NCD September 2021 issue open date?
The Muthoot Fincorp NCD September 2021 issue open date is on 30th September, 2021
When is the Muthoot Fincorp NCD September 2021 issue close date?
The Muthoot Fincorp NCD issue close date is on 26 October, 2021
What is the price for one NCD for Muthoot Fincorp NCD September 2021 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 September 2021 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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