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This blog is a great resource to stay updated and make informed investment decisions. Here are the top bonds IPOs published in February that offers an excellent return on investment. Invest now in the latest NCDs in February
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Bonds are a type of investment that have become increasingly popular over the years as a means of generating steady and reliable returns for investors. Bonds are issued by governments and corporations, allowing individuals to lend money to these entities in exchange for periodic interest payments. In this blog, we aim to provide insights, updates, and information on new NCD (Non-convertible Debenture) Public Issues. Whether you are a seasoned investor or just starting to explore the world of bonds, this blog is a great resource to stay updated and make informed investment decisions. Minimum Investment 10,000 | Pay via UPI | Secured Investment Muthoot Finance Limited
Issue Highlights Terms of the Issue:
About the Company Muthoot Finance is an “Upper Layer NBFC” (NBFC-UL) headquartered in the south Indian state of Kerala having an operating history of over 83 years Muthoot Finance provides personal loans and business loans secured by gold jewelry, or Gold Loans, primarily to individuals who possess gold jewelry but are not able to 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. Muthoot Finance is the largest gold financing company in India in terms of loan portfolio as of March 31, 2021, according to the ICRA Analytics Industry Report 2021. The Gold Loan portfolio of the company as of September 30, 2022 comprised approximately 8.16 million loan accounts in India that were serviced through 4,641 branches across 22 states, Delhi and six union territories in India. There were 27,204 employees working for the company as of September 30, 2022. Financial Parameters of the Company : Indore Municipal Corporation The Indore Municipal Corporation, constituted under Article 243Q(1)(c) of the Constitution of India, 1949 is coming up with secured, listed, non-convertible Green Municipal Bonds in the nature of debentures from February 10, 2023.
Terms of the Issue: About the Company Indore Municipal Corporation (IMC) is the chief municipal body of Indore city. Presently, Shri Pushyamitra Bhargava is the Mayor and Smt. Pratibha Pal, IAS, is the Commissioner (Nagar Aayukt) of the Issuer. IMC is covered under AMRUT Scheme of Government of India. Presently, the Municipal area of Indore consists of 85 wards with the same number of councilors which form the Corporation. Indore Municipal Corporation is mainly responsible for the civic administration of the city, maintaining infrastructure facilities, and providing various civic services such as constructing, altering and maintaining public streets, culverts and Corporation boundary markets, latrines, urinals, drains, sewers and providing public facilities for drinking water; watering public streets, maintaining primary schools, public vaccination, etc. to its citizens. In addition to many other awards, the Indore Municipal Corporation was designated as theSwachh City of India for 2022 by the Ministry of Urban Development, Government of India. Top 5 revenue sources for previous 3 years: The details of the top 5 revenue sources for Financial Year 2019-2020, Financial Year 2020- 2021 and Financial Year 2021-2022 based on the Audited Financial Statements.
It is essential to research and read all the terms and conditions well before investing in any of the issues mentioned above. Disclaimer: Investment in bonds are subject to market risk. Please read all documents carefully before investing