Muthoottu Mini NCD March 2021

Muthoottu Mini NCD March 2021 Details

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Muthoottu Mini NCD March 2021 will open for subscription from 30 March 2021 to 23 April 2021. the company aims for a base issue size of ₹125 Crores through this NCD issue.

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.

Objects of the Issue

  • For the purpose of onward lending, financing, and for repayment/prepayment of principal and interest on
    borrowings of the Company.
  • General corporate purposes.

NCD details

Issue Open30 March 2021
Issue Closing23 April 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₹ 125 Crores
Issue Size (Shelf)₹ 125 Crores
Issue Price₹ 1000 per NCD
Face Value₹ 10 for each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Credit Rating‘IND BBB’: Outlook Stable’ by India Ratings
Tenor480 Days, 24, 42, 50, 61, and 84 Months
Payment FrequencyMonthly, Cumulative
Basis of AllotmentFirst Come First Serve Basis
Listing atBSE

Coupon Rates

Tenure480 Days24 months24 months42 months50 months61 months84 months
Frequency of Interest PaymentMonthlyMonthlyCumulativeMonthlyCumulativeMonthlyCumulative
Minimum Application10 NCDs (Rs 10,000) (across all options of NCDs)
In multiples, of1 NCD after the minimum application
Face Value of NCDs (Rs/NCD)Rs 1,000
Issue Price (Rs /NCD)Rs 1,000
Coupon (%) per annum9.00%9.25%NA9.75%NA10.25%NA
Redemption Amount (Rs/NCD)1,0001,0001,1941,0001,5001,0002,000
Effective Yield (%) (per annum)9.38%9.65%9.27%10.20%10.22%10.75%10.41%

NCD’s Offered

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

Company Promoters

  • Nizzy Mathew
  • Mathew Muthoottu

Muthoottu Mini NCD March 2021 Lead Manager

  • Vivro Financial Services Private Limited

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 NCD March 2021 is purely your personal choice. make a good study and analysis before you make the investment.

Happy Investing

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