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

March 30, 2021 - April 23, 2021
Muthoottu Mini Financiers Limited 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 March 2021 Detail

Issue Open March 30, 2021 - April 23, 2021
Security Name Muthoottu Mini Financiers Limited
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 10 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE
Credit Rating ‘IND BBB’: Outlook Stable’ by India Ratings
Tenor 480 Days, 24, 42, 50, 61 and 84 Months
Payment Frequency Monthly, Cumulative
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 125,000
Category 2 500,000
Category 3 625,000
Category 4 0
Total NCD's 1,250,000
Tenure 480 Days 24 months 24 months 42 months 50 months 61 months 84 months
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 9.00% 9.25% NA 9.75% NA 10.25% NA
Redemption Amount (Rs/NCD) 1,000 1,000 1,194 1,000 1,500 1,000 2,000
Effective Yield (%) (per annum) 9.38% 9.65% 9.27% 10.20% 10.22% 10.75% 10.41%

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 March 2021 Prospectus

Muthoottu Mini NCD March 2021 Subscription Status

The Muthoottu Mini NCD March 2021 was subscribed 1.30 times on April 23, 2021 5:00:00 AM. The NCD subscribed .

Category ?Subscription (times)
Category 31.68x
Category 2 (NII)1.15x
Category 1 (QIB)0.00x

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Muthoottu Mini NCD March 2021 Rating

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Company Contact Information

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

Phone: +91 468 231 4391

Muthoottu Mini NCD March 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

Muthoottu Mini NCD March 2021 Lead Manager(s)

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