Muthoottu Mini Financiers NCD

Muthoottu Mini Financiers NCD details

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Muthoottu Mini Financiers NCD is opening for subscription from 12 January 2021 to 09 February 2021.

Muthoottu Mini Financiers Limited

Incorporate in 1998, Muthoottu Mini is an NBFC company (non-deposit) involved in the gold loan business lending money against the
pledge of household gold jewelry. The company’s Gold Loan portfolio as of March 31, 2020, comprises 4.37 lakhs loans aggregating to Rs 1645 Cr. which is 97.26% of its total loans. The company has introduced an online gold loan product wherein the customer has to come to the branch only for the initial appraisal and subsequent disbursement is done online based on the customer’s request during the maximum period of one year.

The company also offers microfinance loans, unsecured loans to the joint liability group of women customers (minimum of 5 persons) who require funds to carry out their business activities. In addition to the loan business, the company also offers depository participant services, money transfer services, insurance broking services, PAN card related services, and travel agency services. The company employs 3,109 persons and had a network of 785 branches as of June 30, 2020.

Objectives of the Issue

  • For the purpose of onward lending,financing and for repayment of principal and interest on borrowings of the company.
  • For general corporate purpose.

Muthoottu Mini Financiers NCD Details

Issue Open13 Jan 2021
Issue Closing09 Feb 2021
Security NameMuthoottu Mini Financiers Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Base Issue Size₹ 125Crores
Issue Size (Shelf)₹ 125Crores
Total Issue size₹ 125Crores
Issue Price₹ 1000 per NCD
Face Value₹ 1000 for each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Credit Rating‘IND BBB’ : Outlook Stable for Secured and Unsecured Redeemable Non-Convertible Debentures
Tenor480 Days, 24, 42, 66, 61 and 84 months
Payment FrequencyMonthly and Cumulative

NCD’s Offered by category

Category NCD’s Reserved
Category 1 (QIB)125,000
Category 2 (NII)500,000
Category 3 (HNI)625,000
Category 4 (RII)0
Total NCD’s1,250,000

Financial summary

ParticularsFor the year/period ended (₹ in Million)
Total Assets20,256.4717,061.8119,671.30
Total Revenue3,131.532,948.04
Profit After Tax335.42233.01

Coupon Rates

Tenure480 Days24 months24 months42 months66 months61 months84 months
Frequency of Interest PaymentMonthlyMonthlyCumulativeMonthlyCumulativeMonthlyCumulative
Minimum Application10 NCDs (₹10,000) (across all options of NCDs)
In multiples, of1 NCD after the minimum application
Face Value of NCDs (₹/NCD)₹1,000
Issue Price (₹/NCD)₹1,000
Mode of Interest Payment/ RedemptionThrough various options available
Coupon (%) per annum in Category I, II and III9.25%9.50%NA10.00%NA10.25%NA
Redemption Amount (₹/NCD) for NCD Holders in Category I, II and III1,0001,0001,2001,0001,7501,0002,000
Effective Yield (%) (per annum)9.65%9.92%9.54%10.47%10.71%10.75%10.41%
Put and Call OptionNot Applicable
Coupon TypeFixed

Company promoters

  • Nizzy Mathewll
  • Mathew Muthoottu

Muthoottu Mini NCD Lead Managers

  • Vivro financial services Pvt Ltd

Muthoottu Mini NCD Registrar

 Link Intime India Private Ltd
 C 101, 247 Park, L.B.S.Marg,
 Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270

Company Contact Information

Muthoottu Mini Financiers Limited
2/994, Muthoottu Buildings,
Kozhencherry, Pathanamthitta – 689 641,
Kerala, India

Phone: +91 468 231 4391

Final Thoughts

Non Convertible Debentures (NCD) is a better investment option for those who are looking for a diversified portfolio. investing in Muthoottu Mini Financiers NCD is purely your personal choice. make a good study and analysis before you make the investment.

Happy Investing

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