NCD
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Muthoot Fincorp Limited launches its NCD which has been rated “AA-/Stable” by CRISIL Limited.
ISSUE PROGRAMME TRANCHE III
The structure of the Tranche III Prospectus is as under
ISSUE OPEN: MONDAY, December 23, 2024
CLOSES ON: MONDAY, January 06, 2025
Payment
NCDs (₹ /NCD)
Payment/ Redemption
for Debenture Holders in Category I, II, III and IV
*Maximum 75 crore
** Our Company would allot the Option V of NCDs, as specified in the Tranche II Prospectus to all valid Applications, wherein the Applicants have not indicated their choice of the relevant Option of NCDs
***DISCLAIMERS:
Disclaimer: For further details refer to section titled “Issue Related Information” on page 274 of the Tranche III Prospectus dated December 12, 2024.
Allotment in the public issue of debt securities should be made on the basis of date of upload of each application into the electronic book of the stock exchange. However, on the date of oversubscription and thereafter, the allotments shall be made to the applicants on proportionate basis. The Tranche III Issue shall remain open for subscription on Working Days from 10:00 a.m. to 5:00 p.m. (Indian Standard Time) during the period as indicated in the Tranche III Prospectus. Our Company may, in consultation with the Lead Manager, consider closing the Tranche III Issue on such earlier date or extended date (subject to a minimum period of two working days and a maximum period of 10 working days from the date of opening of the Tranche III Issue and subject to not exceeding thirty days from filing of the Tranche III Prospectus with ROC, including any extensions), as may be decided by the Board of Directors or the Stock Allotment Committee, subject to relevant approvals, in accordance with the Regulation 33A of the SEBI NCS Regulations. In the event of an early closure or extension of the Tranche III Issue, our Company shall ensure that notice of the same is provided to the prospective investors through an advertisement in an English daily national newspaper with wide circulation and a regional daily with wide circulation where the registered office of the Company is located (in all the newspapers in which pre-issue advertisement for opening of the Tranche III Issue has been given on or before such earlier or initial date of Tranche III Issue closure). On the Tranche III Issue Closing Date, the Application Forms will be accepted only between 10:00 a.m. and 3:00 p.m. (Indian Standard Time) and uploaded until 5 p.m. or such extended time as may be permitted by the Stock Exchange. Further, pending mandate requests for bids placed on the last day of bidding will be validated by 5:00 p.m. on one Working Day post the Tranche III Issue Closing Date. For further details please refer to the section titled “Issue Related Information” on page 274 of the Tranche III Prospectus.
DISCLAIMER: Muthoot Fincorp Limited (“Company”), subject to market conditions, and other considerations, is proposing a public issue of secured redeemable non-convertible debentures (“NCDs”) and has filed a shelf prospectus dated August 23, 2024 (“Shelf Prospectus”) and tranche III prospectus dated December 12, 2024 (‘Tranche III Prospectus) (together referred to as the “Prospectus”) with the Registrar of Companies, Kerala and Lakshadweep (“RoC”), BSE Limited (“BSE”) and Securities and Exchange Board of India (“SEBI”). The Prospectus is available on the website of the Company at https:// www.muthootfincorp.com, on the website of BSE at www.bseindia.com, on the website of the lead manager at www.nuvama.com and on the website of SEBI at www.sebi.gov.in. Investors proposing to participate in the Trance III Issue should invest only on the basis of the information contained in the Prospectus. Investors should note that investment in the NCDs involves a high degree of risk and for details in relation to the same, refer to the Prospectus, including the section titled “Risk Factors” beginning on page 19 of the Tranche III Prospectus and “Material Developments” beginning on page 166 of the Tranche III Prospectus. Capitalised terms not defined herein shall have the same meaning as assigned to such terms in the Shelf Prospectus and Tranche III Prospectus. DISCLAIMER: Investors proposing to participate in the Tranche III Issue should note that investment in the NCDs involves a high degree of risk and for details in relation to the same, refer to the Prospectus, including the section titled “Risk Factors” beginning on page 19 of the Tranche III Prospectus and “Material Developments” beginning on page 166 of the Tranche III Prospectus. The Issuer and the Lead Manager accept no responsibility for statements made otherwise than in the Tranche III Prospectus or in the advertisement or any other material issued by or at the instance of the Company and that anyone placing reliance on any other source of information would be doing so at their own risk.
DISCLAIMER CLAUSE OF BSE: It is to be distinctly understood that the permission given by BSE should not in anyway be deemed or construed that the Tranche III Prospectus has been cleared or approved by BSE nor does it certify the correctness or completeness of any of the contents of the Tranche III Prospectus. The investors are advised to refer to the Prospectus for the full text of the disclaimer clause of the BSE.
DISCLAIMER CLAUSE OF USE OF BSE ELECTRONIC PLATFORM: It is to be distinctly understood that the permission given by the BSE to use their network and software of the online system should not in any way be deemed or construed as compliance with various statutory requirements approved by the Exchange; not does it in any manner warrant, certify or endorse the correctness or completeness of any of the compliance with the statutory and other requirements; nor does it take any responsibility for the financial or other soundness of this Company, its promoters, its management or any scheme or project of this Company.
Disclaimer Clause of CRISIL (Industry Report) CRISIL market intelligence & analytics (CRISIL MI&A), a division of CRISIL limited, provides independent research, consulting, risk solutions, and data & analytics to its clients. CRISIL MI&A operates independently of CRISIL’s other divisions and subsidiaries, including, CRISIL Ratings Limited. CRISIL MI&A’s informed insights and opinions on the economy, industry, capital markets and companies drive impactful decisions for clients across diverse sectors and geographies. CRISIL MI&A’s strong benchmarking capabilities, granular grasp of sectors, proprietary analytical frameworks and risk management solutions backed by deep understanding of technology integration, makes it the partner of choice for public & private organisations, multi-lateral agencies, investors and governments for over three decades. For the preparation of this report, CRISIL MI&A has relied on third party data and information obtained from sources which in its opinion are considered reliable. Any forward-looking statements contained in this report are based on certain assumptions, which in its opinion are true as on the date of this report and could fluctuate due to changes in factors underlying such assumptions or events that cannot be reasonably foreseen. This report does not consist of any investment advice and nothing contained in this report should be construed as a recommendation to invest/disinvest in any entity. This industry report is intended for use only within India.
DISCLAIMER CLAUSE OF CRISIL : A rating by CRISIL ratings reflects CRISIL ratings’ current opinion on the likelihood of timely payment of obligations under the rated instrument and does not constitute an audit of the rated entity by CRISIL ratings. Our ratings are based on information provided by the Issuer or obtained by CRISIL ratings from sources it considers reliable. CRISIL ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by CRISIL ratings is not a recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. CRISIL ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. CRISIL ratings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. CRISIL ratings criteria are available without change to the public on the website, www.crisilratings.com. CRISIL ratings or its associates may have other commercial transactions with the Company/entity.
DISCLAIMER CLAUSE OF RBI The Company is having a valid certificate of registration dated July 23, 2002 bearing registration no. N-16.00170 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the Company or for the correctness of any of the statements or representations made or opinions expressed by the Company and for repayment of deposits/discharge of liability by the Company
