Muthoot Finance NCD - December 2019 details - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Tuesday, December 17, 2019

Muthoot Finance NCD - December 2019 details

Company background:
Muthoot Finance Ltd. is part of flagship Muthoot group and is known as the largest gold financing company in the world. In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel and tourism services, and sells gold coins at Muthoot Finance Branches

Issue dates and price:
๐Ÿ‘‰๐ŸปPeriod: Nov 29 to Dec 24
๐Ÿ‘‰๐ŸปFV/Issue price: Rs.1000
๐Ÿ‘‰๐ŸปMin Appl: 10 NCD (Rs.10k)

Issue size and allocation:
๐Ÿ‘‰๐Ÿป Base issue of Rs.1000 Mn with an option to retain over-subscription upto Rs.6900 Mn over and above that
๐Ÿ‘‰๐ŸปAllocation: 
Institutional: 10%
NII: 10%
HNI: 30%
Retail: 50%
๐Ÿ‘‰๐ŸปAllotment will be on First come First serve basis

Tenor & Interest Rates:
๐Ÿ‘‰๐Ÿป Tenor options: 24M, 38M, 60M and 90M
๐Ÿ‘‰๐Ÿป Int Rates between 9.25% to 10%

Click here to get started and invest now:
https://zfrmz.com/ktSX2ID3E96oquGbLJNC

No comments:

Post a Comment

Join us on Whatsapp!