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Muthoottu Mini Financiers Ltd NCD (Muthoottu Mini NCD August 2021) Detail

Aug 18, 2021 - Sep 9, 2021
Muthoottu Mini Financiers Ltd Logo

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 on 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.

Muthoottu Mini NCD August 2021 Detail

Issue Open Aug 18, 2021 - Sep 9, 2021
Security Name Muthoottu Mini Financiers Ltd
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured 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+ Stable (Triple B Plus; Outlook: Stable)
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ? NCD's Allocated
Institutional 0%
HNI 0%
Retail 0%
Category 4 0%

NCD's Offered

NCD's offered in each investor category:

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

Coupon Rates

Tenure 480 Days 24 months 24 months 42 months 50 months 66 months 84 months
Options I II III IV V VI VII
Frequency of Interest Payment Monthly Monthly Cumulative Monthly Cumulative Monthly Cumulative
Minimum Application 10 NCDs (Rs 10,000) (across all options of NCDs)
In multiples, of 1 NCD after the minimum application
Face Value of NCDs (Rs/NCD) Rs 1,000
Issue Price (Rs /NCD) Rs 1,000
Coupon (%) per annum 8.75% 9.00% NA 9.50% NA 10.00% NA
Redemption Amount (Rs/NCD) 1,000 1,000 1,200 1,000 1,500 1,000 2,000
Effective Yield (%) (per annum) 9.11% 9.38% 9.54% 9.92% 10.22% 10.47% 10.41%

NCD Rating Detail

The Company has received rating of ‘CARE BBB+’: Stable (Triple B Plus; Outlook: Stable’) by CARE Ratings Limited (“CARE Ratings”)

Company Promoters:

Nizzy Mathew and Mathew Muthoottu are the promoters of the company.

Company Financials

Summary of financial Information
Particulars For the year/period ended (₹ in Million)
31-Mar-21 31-Mar-20
Total Assets 25,234.81 20,256.47
Total Revenue 3,682.54 3,131.53
Profit After Tax 319.11 335.42

Objects of the Issue:

The company proposes to utilise the funds for the following objects:

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

2. General corporate purposes.

Muthoottu Mini NCD August 2021 Prospectus

Muthoottu Mini NCD August 2021 Rating

24
3.4
Rating:Rated 3.4 stars

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Muthoottu Mini NCD August 2021 Reviews

Company Contact Information

Muthoottu Mini Financiers Ltd
2/994, Muthoottu Buildings,
Kozhencherry, Pathanamthitta - 689 641,
Kerala, India

Phone: +91 468 231 4391
Email: cs@minimuthoottu.com
Website: http://www.muthoottumini.com/

Muthoottu Mini NCD August 2021 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
Email: ncd2.mmfl2021@linkintime.co.in
Website: http://www.linkintime.co.in


2 Comments

2. Growavi  Sep 21, 2021 15:31 I Like It. | Report Abuse Reply
Series VI & VII are Unsecured..... But here nothing is mentioned.......I would request the person who posted this to mention these type of things also... It will help many people to decide accordingly.
1. Jaspreet Singh Oberoi  Sep 16, 2021 19:58 I Like It. | Report Abuse Reply
Money debited. Allotment done. Status @ https://web.linkintime.co.in/BONDS/AllotmentDetails.html