Muthoot Homefin (India) Limited NCD 2019
(i) They are non-deposit taking housing finance company and were registered with the National Housing Bank (“ NHB ”) on May 19, 2014. We were incorporated on August 26, 2011, and are currently the wholly owned subsidiary of Muthoot Finance Limited (“ MFL ”), which is one of India’s largest gold financing companies by loan portfolio.
(ii) They are a part of the group with a legacy of serving customers for over 130 years. They currently boast of a customer base consisting of 20,237 customers as of September 30, 2018.
(iii) They focus on providing affordable housing loans to Lower Middle Income (“LMI ”) groups and Economically Weaker Sections (“ EWS ”) of society in tier 2, tier 3 and tier 4 cities. Our customers comprise primarily informal and formally salaried workers and self -employed individuals.
(iv) As on September 30, 2018, 58.88% of the loan portfolio consisted of loans made to salaried individuals, 2.26% of our loan portfolio consisted of loans made to individuals who are professionals or self -employed, and 38.87% of the loan portfolio consisted of loans made to individuals who are businessmen.
These loan products are secured by creating a mortgage on the residential properties. In addition, they also provide salaried customers with loans against property (“ LAP ”) by allowing them to mortgage their property with the company.
(v) As on September 30, 2018, they have a provided loans to customers located in 11 states and one union territory, namely Andhra Pradesh, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, and Chandigarh.
(vi) Public issue by Muthoot home in (India) limited, (“Company” or “issuer”) of secured redeemable non-convertible debentures of face value of ₹1,000 each (“NCDs”), for an amount up to ₹1,500 million (“base issue size”) with an option to retain over-subscription up to ₹1,500 million for issuance of additional NCDs aggregating up to ₹3,000 million (“issue”).
Objective of NCD Muthoot Homefin (India) Limited NCD 2019:
Muthoot Homefin (India) Limited NCD 2019 Details:
|Open Date:||Apr 08 2019|
|Close Date:||May 07 2019|
|Issue Size:||₹ 150 Cr.|
|Face Value:||₹ 1000 Per NCD|
|Market Lot:||1 NCD|
|Minimum Order Quantity:||10 NCD|
|Frequency of Interest payment||Monthly||Monthly||Monthly||Annually||Annually||Annually||Cumulative||Cumulative||Cumulative||Cumulative|
|Coupon (% p.a)||9.25%||9.50%||9.75%||9.50%||9.75%||10.00%||NA||NA||NA||NA|
Post Tax returns:
Lead Manager of Muthoot Homefin (India) Limited NCD 2019:
- Edelweiss Capital Limited
- Milestone Trusteeship Services Private Limited
Registrar of Muthoot Homefin (India) Limited NCD 2019:
- Link Intime India Private Limited