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Showing posts with label Muthoot Finance. Show all posts
Showing posts with label Muthoot Finance. Show all posts
Wednesday, May 28, 2014
Sunday, September 16, 2012
Saturday, September 08, 2012
Thursday, August 02, 2012
Saturday, May 26, 2012
Thursday, April 05, 2012
Tuesday, April 03, 2012
Thursday, March 22, 2012
Muthoot Finance welcomes measures taken by RBI
Reserve Bank of India has issued Circular No.RBI/2011-12/467 DNBS.CC.PD.No.265/03.10.01/2011-12 dated March 21, 2012 to all NBFCs titled “Lending Against Security Of Single Product - Gold Jewellery”.
This circular is applicable to Muthoot Finance Ltd. On account of this, Company wish to make the following clarifications:
It is stipulated that NBFCs primarily engaged in lending against gold jewellery (such loans comprising 50 percent or more of their financial assets) shall maintain a minimum Tier l capital of 12 percent by April 01, 2014. Muthoot Finance Ltd as on December 31, 2011 had a Tier 1 capital of 13.37%. Moreover, the amended regulation provides time till April 01, 2014 to achieve the level of 12%.
Thursday, February 02, 2012
Sunday, December 18, 2011
Muthoot Finance NCD - Series II
Name of the Issue : Muthoot Finance NCD - Series II
Issue Date : 22nd December,2011
Issue Size : Rs.300 Cr + Rs.300 Cr. Green Shoe Option
Period : 2, 3 and 5 years
Monday, November 07, 2011
Friday, October 28, 2011
Muthoot Finance jumps on strong Q2 outcome
Muthoot Finance jumped 6.29% to Rs 177.50 at 11:09 IST on BSE after net profit surged 88.3% to Rs 215.56 crore on 108.6% spurt in operating income to Rs 1104.87 crore in Q2 September 2011 over Q2 September 2010.
The result was announced on Wednesday, 26 October 2011, when the Indian equity market was closed on account of Diwali.
Tuesday, October 11, 2011
Sunday, September 18, 2011
Friday, June 24, 2011
Muthoot Finance Ltd: ‘Dominant player’
Largest gold financing company in the country
Muthoot Finance (Muthoot) is the largest gold financing company in India with a gross gold loan portfolio of Rs. 15.9bn as at March 2011 and a commanding market share (20% in FY10). Company’s AUM has witnessed a phenomenal 82% CAGR over the past four years driven by substantial network expansion, significant improvement in branch productivity, sustained rally in gold prices and strong brand recognition. Gold stock has increased from 23MT to 112MT over FY07-11 representing 49% CAGR. About 67% of the current ~2,900 branches are located in the southern region which contribute 74% to the gold loan portfolio.
Thursday, April 21, 2011
Muthoot Finance IPO subscribed 11.36 times
Gets bids for 49.73 crore shares
The initial public offer (IPO) of Muthoot Finance was subscribed 11.36 times by 16:00 IST on the third day of the issue today, 20 April 2011. The IPO received bids for 49.73 crore shares compared with 4.37 crore shares on offer.
Muthoot Finance is raising up to Rs 901.25 crore from the IPO, which opened for bidding on Monday, 18 April 2011. The issue closes on 21 April 2011. The company has set Rs 160-175 per share price band for the IPO.
Monday, April 18, 2011
Grey Market Premium - Muthoot Finance
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Muthoot Finance | 160 to 175 | 26 to 27 |
| Paramount Print Packaging | 32 to 35 |
|
| Servalakshmi Paper Ltd. | 27 to 29 | -- |
Muthoot Finance IPO Analysis
The largest Gold Financing Company in India
The company has long operating history, sound financials and solid track record, but valuation presumes continuation of high growth which can get constrained due to regulatory changes and increasing competition
Muthoot Finance is the largest gold financing company in India in terms of loan portfolio, according to IMaCS Industry Report (2010 Update). The company provides personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
Saturday, April 16, 2011
Muthoot Finance prices IPO between Rs160-175
Muthoot Finance has fixed a price band of Rs 160-175 per share for its initial public offering (IPO) scheduled to open on April 18. The company plans to raise Rs 9bn from the issue. Bidding for the 51.5 million equity share sale will close on April 21 for retail shareholders, while for qualified institutional bidders (QIBs) it will close a day earlier.
ICICI Securities and Kotak Mahindra Capital are the book running lead managers to the issue, while HDFC Bank is the co-manager.
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