MVFL NCD

Muthoot Vehicle & Asset Finance Ltd

In 1992 Muthoot Group Started its Vehicle Finance division as "Muthoot Leasing and Finance Ltd" and in 2008 changed its name as "Muthoot Vehicle & Asset Finance Ltd (MVFL)" for providing wide range of financial solutions as the name itself indicates.MVFL, as per the certification by Reserve Bank of India, is a Deposit taking Asset Finance Company (DAFC). MVFL has the distinction of being the only one of its kind in Kerala.MVFL is a dividend paying company and also has been maintaining investment grade rating for its deposits since over five years from ICRA.
The Secured NCDs proposed to be issued under this Issue have been rated CRISIL A/Stable by CRISIL vide its letter dated January 17, 2020.

NCD Issue Details - Issue Closed: Wednesday, March 11,2020


Security Name
Muthoot Vehicle & Asset Finance Ltd
Type and nature of Instrument
Secured, redeemable, non-convertible, debentures
Issue Size
Public issue of Secured NCDs for an amount up to र 10,000.00 lakhs (‘Base Issue’) with an option to retain over subscription upto र 10,000.00 lakhs. Lakhs
Issue Price
र 1,000/- each NCD
Face Value
र 1,000/- each NCD
Minimum Application Size
10 Secured NCDs i.e., र 10,000.00
In Multiples of
One (1) NCD after the Minimum Application
Trading Lot
One (1) NCD
Credit Rating
CRISIL A/Stable
Rating Agency
CRISIL Limited

Issue Structure


Series
I
II
III
IV
V
VI
VII
VIII
IX
X
Frequency of Interest Payment
Monthly
Monthly
Monthly
Annually
Annually
Annually
NA
NA
NA
NA
Who Can Apply
All categorise of investors (Category I,II,and III)
Minimum Application
र10,000 (10 NCDs)
In multiples of
1 NCD after the minimum application
Face Value of NCDs (र /NCD)
र1,000 (1 NCD)
Issue Price (र /NCD)
र1,000 (1 NCD)
Tenore from Deemed Date of Allotment
24 Months
38 Months
60 Months
24 Months
38 Months
60 Months
24 Months
38 Months
60 Months
90 Months
Coupon Rate
9.25%
9.50%
9.75%
9.50%
9.75%
10.00%
NA
NA
NA
NA
Effective Yield (%) (per annum)
9.25%
9.50%
9.75%
9.50%
9.75%
10.00%
9.25%
9.50%
9.75%
9.67%
Mode of Payment
Through various options available
Amount (र / NCD) on Maturity)
र1000
र1000
र1000
र1000
र1000
र1000
र1193.56
र1133.72
र1592.29
र2000
Maturity Date(From Deemed Date of Allotement)
24 Months
38 Months
60 Months
24 Months
38 Months
60 Months
24 Months
38 Months
60 Months
90 Months
Nature Of Indebtedeness
Secured redeemable non-convertable

LEAD MANAGER TO THE ISSUE

INGA VENTURES PRIVATE LIMITED
1229, Hubtown Solaris, N.S. Phadke Marg, Opp.
TelliGalli, Andheri (E) - 400 069,
Mumbai, Maharashtra, India
Tel: +91 22 2681 6003
Fax: +91 22 2681 6020
Email: mvafl_ncd@ingaventures.com
Investor Grievance Email: investors@ingaventures.com
Website: www.ingaventures.com
Contact Person Details: Kavita Shah
SEBI Registration No.: INM000012698

DEBENTURE TRUSTEE

IDBI TRUSTEESHIP SERVICES LIMITED
Asian Building, Ground Floor
17 R, Kamani Marg,
Ballard Estate
Mumbai 400 001, India
Tel: (+91 22) 4080 7000
Fax: (+91 22) 6631 1776
Investor Grievance Email: anjalee@idbitrustee.com
Website: www.idbitrustee.co.in
Contact Person: Anjalee Athalye
SEBI Registration No.: IND000000460

REGISTRAR TO THE ISSUE

LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, L B S Marg,
Vikhroli West,
Mumbai 400 089, India
Tel: (+91 22) 4918 6200
Fax: (+91 22) 4918 6195
Email: mvafl.ncd2019@linkintime.co.in
Investor Grievance
Email: mvafl.ncd2019@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058

CONTACT ADDRESS ON INVESTOR COMPLAINTS

LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, L B S Marg,
Vikhroli West,
Mumbai 400 089, India
Tel: (+91 22) 4918 6200
Fax: (+91 22) 4918 6195
Email: mvafl.ncd2019@linkintime.co.in
Investor Grievance
Email: mvafl.ncd2019@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
SEBI Circular on Online Dispute Resolution:
Link to SMART ODR Portal : https://smartodr.in/login