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Muthoottu Mini Financiers Limited NCD (Muthoottu Mini Financiers NCD April 2022) Detail

April 20, 2022 - May 17, 2022
Muthoottu Mini Financiers Limited Logo

Muthoottu Mini Financiers Limited, is an RBI registered Non-Banking Financial Company (NBFC) in the gold loan industry lending money in exchange for gold jewellery pledged by customers. The Company offers gold loans, fixed deposits, microfinance, money transfer service schemes, online gold loans, insurance and banking solutions. The company has a presence in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Gujarat, Delhi and Goa and the union territory of Puducherry.

Muthoottu Mini Financiers Limited is a Flag Ship Company of the M Mathew Muthoottu Group.

The company has 4,22,073 Gold Loan accounts and a network of 804 branches as of December 31, 2021. The company's 61% of branches i.e. 490 branches are in rural and semi-urban areas in South India.

Muthoottu Mini Financiers NCD April 2022 Detail

Issue Open April 20, 2022 - May 17, 2022
Security Name Muthoottu Mini Financiers Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 125.00 Crores
Issue Size (Shelf) Rs 125.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE
Credit Rating CARE BBB+ by CARE Ratings Limited
Tenor 480 Days, 24, 36, 48 and 66 Months

Series I to VI

Payment Frequency Monthly and Cumulative
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 10%
Non-Institutional 40%
Retail 50%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 125,000
Non-Institutional 500,000
Retail 625,000
Category 4 0
Total NCD's 1,250,000

Coupon Rates

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6
Frequency of Interest Payment Monthly Monthly Cumulative Cumulative Monthly Cumulative
Nature Secured
Tenor 480 Days 24 months 24 months 36 months 48 months 66 months
Coupon Rate 8.00% 8.50% NA NA 9.50% NA
Effective Yield (% per Annum) 8.30% 8.84% 8.90% 9.25% 9.92% 10.00%
Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,186 Rs 1,304 Rs 1,000 Rs 1,689

NCD Rating

The NCDs proposed to be issued under the Issue have been rated as CARE BBB+ Stable Outlook by CARE Ratings Limited. The instrument with such a rating is expected to have a moderate degree of safety.

Company Promoters

Nizzy Mathew and Mathew Muthoottu are the company promoters.

Company Financials

Summary of financial Information
Particulars For the year/period ended (Rs in Lakhs)
  31-Mar-21 31-Mar-20
Total Assets 2,52,348.05 2,02,564.73
Total Revenue 36,825.38 31,315.27
Profit After Tax 3,191.14 3,354.18

Objects of the Issue

The company proposes to utilise the funds which are being raised through the Issue:

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

Muthoottu Mini Financiers NCD April 2022 Prospectus

Muthoottu Mini Financiers NCD April 2022 Subscription Status

The Muthoottu Mini Financiers NCD April 2022 was subscribed 2.25 times on May 17, 2022 1:00:00 AM. The NCD subscribed 2.68 times in Retail, 2.27 times in Non-Institutional, and 0.01 times in the Institutional category.

Category ?Subscription (times)

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Muthoottu Mini Financiers NCD April 2022 Rating

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Company Contact Information

Muthoottu Mini Financiers Limited
Muthoottu Royal Towers,
Kaloor, Kochi, Kerala – 682 017

Phone: +91 484 291 2100

Muthoottu Mini Financiers NCD April 2022 Registrar

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

Phone: +91-22-4918 6270

Muthoottu Mini Financiers NCD April 2022 Lead Manager(s)


2. Bismin Khader     Link|May 1, 2022 1:28:00 PM
Can NRIs participate using through NRI account?
2.2. Rony Joseph Kurian     Link|May 8, 2022 11:24:11 AM
Yes, you can apply through your NRE account using IPO (Debt) ASBA. I have done this.
2.3. shanm     Link|May 8, 2022 4:09:57 PM
it looks available only for resident Indians.
I checked in yes bank IPO debt ASBA..
1. Jose     Link|April 27, 2022 7:42:03 PM
Can I subscribe without demat accoun
1.1. Rony Joseph Kurian     Link|May 8, 2022 11:25:04 AM
NO. You cannot apply NCD without Demat Acc.

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