February 18, 2012
MCX IPO Details & Review
MCX IPO Details & Review : Issue opens 22nd February 2012
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February 18, 2012
MCX IPO Details & Review : Issue opens 22nd February 2012
September 16, 2011
September 9, 2011
Options | | | || |
Minimum Application | Rs10,000 (10 NCDs; for all options of NCDs, namely Options I and II either taken individually or collectively). | |
Face Value/Issue Price | Rs. 1,000 (1 NCD) | |
In Multiples Of | Rs. 1,000 (1 NCD) | |
Interest Rate (%) per annum | ||
1) For NCD holders in Category I | 12.10% | 12.00% |
2) For NCD holders in the Non-Institutional Portion (Category II) | 12.25% | 12.15% |
3) For NCD holders in the Reserved Individual Portion (Category III) | 12.50% | 12.25% |
Yield on Maturity (%) (per annum) | ||
1) For NCD holders in Category I | 12.10% | 12.00% |
2) For NCD holders in the Non-Institutional Portion (Category II) | 12.25% | 12.15% |
3) For NCD holders in the Reserved Individual Portion (Category III) | 12.50% | 12.25% |
Listing | BSE | BSE |
Frequency of Interest Payment | Annual | Annual |
Redemption Amount (Rs/NCD) | Repayment of the face value plus any interest that may have accrued on the redemption date. | Repayment of the face value plus any interest that may have accrued on the redemption date. |
Tenor | 60 months | 36 months |
April 19, 2011
Their business model of providing loan at lower interest rates and quickly opening new branches to target new customers has helped them in maintaining high growth. There is one risk to them and that is they are getting some serious competition from banks like ICICI and HDFC. These banks are now aggressively targeting gold loan business and offering new attractive schemes.