Muthoot Finance NCD Bonds

AA- by ICRA - CRISIL
3.55/5 from 22 Votes
Muthoot Finance NCD | Muthoot Finance Bond | Muthoot Finance Bond Price Band | Grey market Price, Rates, Premium | DRHP | IPO Bidding | Subscription | Rating | Review | Allotment Status | Listing | Investors Comments | Broker Views

Muthoot Finance Bond debentures will be offered on a first-come, first-served basis. The issue opens on August 23 and closes on September 5, with the company having the option to close the issue earlier. There are three options in the NCDs:


Option I: The maturity date is 24 months, with interest paid annually. The coupon rate and effective yield is 12% pa for retail investors, while for institutional investors, it is a tad lower at 11.75%.


Option II: The maturity date is 36 months and here too the interest will be paid annually. The coupon rate and effective yield is 12.25% pa for retail investors, while for institutional investors, it is 12%.


Option III: The maturity date is 60 months with interest paid annually. The coupon rate and effective yield is 12.25% pa for retail investors and 12% for institutional investors.


The NCDs have a face value of 1,000 each and one can apply for a minimum of 5,000. The bonds have been rated AA- by both ICRA and CRISIL, indicating high degree of safety for timely servicing of financial obligations. The interest payable on NCDs is taxable, though there is no tax deduction at source (TDS). The NCDs would be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE)

Objects of the issue:



Company Address:

Address:
Muthoot Chambers,
Opposite Saritha Theatre Complex,
2nd Floor, Banerji Road, Kochi - 682 018.
Phone:+91 4842394712
Fax:+91 4842396506
Email:ncd@muthoorfinance.com
Website:www.muthootfinance.com

IPO Details:

Information Value
Open Date23-Aug-2011
Close Date05-Sep-2011
Allotment DateNA
Refund DateNA
Listing DateNA
Issue Price1000
Isuue Type100% Book Building Issue
Issue Size5,000,000 Shares - Rs. 500 Crores
Lot SizeMinimum Shares : 200 (2 Lac)
Maximum Shares : 500 (5 Lac)
Max Amount for Retail Investor500000
Listing OnBSE,NSE
Lead ManagerKarvy Stock Broking Ltd
RegistrarLink Intime India Pvt Ltd
Registrar Emailipo.helpdesk@linkintime.co.in
Registrar Websitewww.linkintime.co.in
Registrar Phone022 22694127
Application Multiple1 and in multiples there off starting with atleast 5 shares
Cheque in Favour of"Escrow Account Muthoot Finance NCD Public Issue" For Retail Bidders
Listing OpenNA
Listing CloseNA
Listing HighNA
Listing LowNA

Muthoot Finance NCD Bonds Grey Market Price - Premium - Rates

Warning: Do not subscribe to any IPO's on the basis of grey market price or IPO Forecast. Please check the fundamentals of the company before applying. Use grey market price as an information tool.

Date GM Premium Kostak Rate
25-Aug-2011--------
29-Aug-2011Rs. 15 - 16Rs. 7500 (5 Lac)
05-Sep-2011Rs. 10 - 11----
07-Sep-2011Rs. 10 - 11----
08-Sep-2011Rs. 10 - 11----
09-Sep-2011Rs. 10 - 11----
13-Sep-2011Rs. 10 - 11----
14-Sep-2011Rs. 10 - 11----
15-Sep-2011Rs. 10 - 11----

Muthoot Finance NCD Bonds Subscription Details:

Date Retail QIB Non Institutional Employee Overall
09-Sep-2011----------------Rs. 745 Crore




Muthoot Finance NCD Bonds News:

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