Muthoot Finance NCD Bonds

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:

Muthoot Chambers,
Opposite Saritha Theatre Complex,
2nd Floor, Banerji Road, Kochi - 682 018.
Phone:+91 4842394712
Fax:+91 4842396506

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 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
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:



blog comments powered by Disqus

Current IPOs

IPO Information

Market Calls

Home | Blog | FAQ | Disclaimer | Contact Us | Make Us Your Homepage

grey market or greymarket, is the leading source for information on IPOs/Upcoming IPOs in india, offers IPO Price, Premium, Information, News, Allotment, Listing, Calendar, Rankings, Market Commentaries and guide to IPO investing. We track ipo grey market premium on daily basis from an ipo's announcement to the listing date.

Note : This site is best viewed in Internet Explorer 7 and 1280 x 800 pixels resolution.If your screen resolution is less then 1280 x 800 you may face some difficulties.
2011 All rights reserved.