Muthoottu Mini Financiers Limited NCD (Muthoottu Mini NCD January 2021) Detail

Jan 13, 2021 - Feb 9, 2021

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 January 2021 Detail

Issue OpenJan 13, 2021 - Feb 9, 2021
Security NameMuthoottu Mini Financiers Limited
Security TypeSecured, 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 PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit Rating‘IND BBB’ : Outlook Stable for Secured and Unsecured Redeemable Non-Convertible Debentures
Tenor480 Days, 24, 42, 66, 61 and 84 months
Series
Payment FrequencyMonthly, Cumulative,
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 1 (QIB)0%
Category 2 (NII)0%
Category 3 (HNI)0%
Category 4 (RII)0%

NCD's Offered

NCD's offered in each investor 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

Coupon Rates

Tenure 480 Days 24 months 24 months 42 months 66 months 61 months 84 months
Nature Secured Unsecured
Options I II III IV V VI VII
Frequency of Interest Payment Monthly Monthly Cumulative Monthly Cumulative Monthly Cumulative
Minimum Application 10 NCDs (₹10,000) (across all options of NCDs)
In multiples, of 1 NCD after the minimum application
Face Value of NCDs (₹/NCD) ₹1,000
Issue Price (₹/NCD) ₹1,000
Mode of Interest Payment/ Redemption Through various options available
Coupon (%) per annum in Category I, II and III 9.25% 9.50% NA 10.00% NA 10.25% NA
Redemption Amount (₹/NCD) for NCD Holders in Category I, II and III 1,000 1,000 1,200 1,000 1,750 1,000 2,000
Effective Yield (%) (per annum) 9.65% 9.92% 9.54% 10.47% 10.71% 10.75% 10.41%
Put and Call Option Not Applicable
Coupon Type Fixed

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-20 31-Mar-19 31-Mar-18
Total Assets 20,256.47 17,061.81 19,671.30
Total Revenue 3,131.53 2,948.04
Profit After Tax 335.42 233.01

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 January 2021 Prospectus

Muthoottu Mini NCD January 2021 Rating

15
3.1
Rating:Rated 3.1 stars

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Muthoottu Mini NCD January 2021 Reviews

Company Contact Information

Muthoottu Mini Financiers Limited
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 January 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: ncd4.mmfl2020@linkintime.co.in
Website: http://www.linkintime.co.in

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