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Muthoot Fincorp Limited NCD Sept 2019 Detail
Issue Open September 20, 2019
Issue Close October 18, 2019
Issue Size (Base) ₹250.00 Crores
Issue Size (Shelf) ₹250.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE

Muthoot Fincorp Limited NCD Sept 2019 Date & Price

The Muthoot Fincorp Limited NCD Sept 2019 issue opens on September 20, 2019, and closes on October 18, 2019, for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.

Muthoot Fincorp Limited NCD IPO dates are as below:

Muthoot Fincorp Limited NCD Sept 2019 Issue Timetable

Bid/Offer Opens OnSeptember 20, 2019
Bid/Offer Closes OnOctober 18, 2019
Record Date
Deemed Date of Allotment

Muthoot Fincorp Limited NCD Sept 2019 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for Muthoot Fincorp Limited NCD Sept 2019 is Monthly, Annual and Cumulative.

Each application should be for a minimum of 10 NCD's and multiples of 1 NCD thereof.

Muthoot Fincorp Limited NCD Sept 2019 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until October 18, 2019. The bid may close earlier in case it is fully subscribed.

Terms and conditions in connection with Secured NCDs****Series

I

II

III

IV

V

VI

VII

VIII

Frequency of Interest Payment

Monthly

Monthly

Monthly

Annual

Annual

Cumulative

Cumulative

Cumulative

Minimum Application

Rs 10,000 (10 NCDs)

In multiples of thereafter

Rs 1,000 (1 NCD)

Face Value of Secured NCDs (Rs / NCD)

Rs 1,000

Issue Price (Rs / NCD)

Rs 1,000

Tenor from Deemed Date of Allotment

400 days

24 months

36 months

24 months

36 months

400 days

24 months

36 months

Coupon Rate (% per annum)

9%

9.25%

9.50%

9.50%

10%

9.25%

9.5%

10%

Effective Yield (Per annum)

9.38%

9.65%

9.92%

9.50%

10%

9.30%

9.95%

11.03%

Mode of Interest Payment

Through various options available

Redemption Amount (Rs / NCD****

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,102

Rs 1,199

Rs 1,331

Nature of indebtedness

Secured rated listed non-convertible debentures

Put and Call Options

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

Deemed Date of Allotment The date on which the Board or the Debenture Committee approves the Allotment of NCDs. All benefits relating to the NCDs including interest on the NCDs shall be available to the Investors from the Deemed Date of Allotment. The actual Allotment of NCDs may take place on a date other than the Deemed Date of Allotment

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 400 days/24 months/36 months.

Muthoot Fincorp Limited NCD Sept 2019 Issue Size and Subscription Status

The Muthoot Fincorp Limited NCD Sept 2019 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹250.00 Crores
  • NCD Shelf Issue Size: ₹250.00 Crores

Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.

Sorry, The number of shares offered in Muthoot Fincorp Limited NCD Sept 2019 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this Issue.

  1. Minors without a guardian name
  2. Foreign nationals
  3. Persons resident outside India
  4. Foreign Portfolio Investors
  5. Foreign Venture Capital Investors
  6. Qualified Foreign Investors
  7. Overseas Corporate Bodies
  8. Persons ineligible to contract under applicable statutory/regulatory requirements

You could check Muthoot Fincorp Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

Muthoot Fincorp Limited NCD Sept 2019 Allotment and Listing

The NCD's are proposed to be listed on BSE.

Applicants are allocated NCD's on a First Come First Serve Basis.

The Muthoot Fincorp Limited Allotment Status is not available online at this time.

The Muthoot Fincorp Limited NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price Muthoot Fincorp Limited NCD Sept 2019 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

Muthoot Fincorp Limited NCD - Should I apply?

The NCDs proposed to be issued under this Issue have been rated "BWR A+" (BWR A plus; Outlook: Stable)' for an amount of Rs 50,000 lakhs , by Brickwork Ratings India Private Limited ("Brickworks") vide their letter dated August 23, 2019. The rating of BWR A+ by Brickworks indicate that instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.

Sorry, we do not provide NCD recommendations. But we share a lot of information about Muthoot Fincorp Limited NCD Sept 2019 which could help you with questions like Muthoot Fincorp Limited NCD Sept 2019 buy or not? You should also read Muthoot Fincorp Limited NCD Sept 2019 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

Muthoot Fincorp Limited NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.