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Muthoottu Mini Financiers Ltd NCD (Muthoottu Mini NCD November 2020) Detail

Nov 4, 2020 - Nov 18, 2020
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 November 2020 Detail

Issue Open Nov 4, 2020 - Nov 18, 2020
Security Name Muthoottu Mini Financiers Ltd
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Shelf) Rs 100.00 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 'IND BBB': Outlook Stable by India Ratings
Tenor 480 Days, 24, 36, 50, 60 and 85 months
Series
Payment Frequency
Basis of Allotment First Come First Serve Basis

Muthoottu Mini NCD November 2020 Issue Timetable

Bid/Offer Opens On Nov 4, 2020
Bid/Offer Closes On Nov 18, 2020
Record Date Nov 18, 2020
Deemed Date of Allotment

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 10%
Category 2 40%
Category 3 0%
Category 4 50%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 100,000
Category 2 400,000
Category 3 500,000
Category 4 0
Total NCD's 1,000,000
Tenure 480 Days 24 months 24 months 36 months 50 months 60 months 85 months
Nature Secured
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
Mode of Interest Payment/ Redemption Through various options available
Coupon (%) per annum in Category I, II and III 9.50% 9.75% NA 10.00% NA 10.50% NA
Coupon Type Fixed
Redemption Amount (Rs /NCD) for NCD Holders in Category I, II and III 1,000 1,000 1,205 1,000 1,500 1,000 2,000
Effective Yield (%) (per annum) - Category I, II and III 9.92% 10.20% 9.77% 10.47% 10.22% 11.02% 10.28%
Put and Call Option Not Applicable

NCD Rating

The Company has received rating of 'IND BBB': Outlook Stable' by India Ratings. This means the NCD has moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk.

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 (Rs 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 November 2020 Prospectus

Muthoottu Mini NCD November 2020 Subscription Status

The Muthoottu Mini NCD November 2020 was subscribed 1.69 times on Nov 18, 2020 1:00:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 32.25x
Category 2 (NII)1.40x
Category 1 (QIB)0.00x
Total1.69x

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Muthoottu Mini NCD November 2020 Rating

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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 November 2020 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:
Website: https://linkintime.co.in/

Muthoottu Mini NCD November 2020 Lead Manager(s)


2 Comments

2. The BuLLz EyE     Link|Nov 6, 2020 11:36:21 AM
Can NRIs apply in this issue ?
1. The BuLLz EyE     Link|Nov 6, 2020 11:33:15 AM
Can NRIs apply in this issue ?