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

December 1, 2021 - December 28, 2021
Muthoottu Mini Financiers Ltd Logo

Incorporated 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 also have a microfinance loan segment wherein it provides unsecured loans to joint liability group of women customers who require funds to carry out their business activities through a few of their branches in the state of Kerala.

The company's Gold Loan portfolio as of Sep 31, 2020, comprises 3.95 lakhs loans aggregating to Rs 2,033 Cr. which is 97.41% 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 3,205 persons and had a network of 809 branches as of Sep, 2021.

Muthoottu Mini NCD November 2021 Detail

Issue Open December 1, 2021 - December 28, 2021
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 CARE BBB+ Stable (Triple B Plus; Outlook: Stable) by CARE Ratings Limited.
Tenor 480 Days, 24, 36,48,66 Months

Series I to Series 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 100,000
Non-Institutional 400,000
Retail 500,000
Category 4 0
Total NCD's 1,000,000
Tenure 480 Days 24 months 24 months 36 months 48 months 66 months
Nature Secured
Options I II III IV V VI
Frequency of Interest Payment Monthly Monthly Cumulative 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 8.50% 8.75% NA NA 9.75% NA
Effective Yield (%) (per annum) 8.84% 9.11% 9.09% 9.50% 10.20% 10.13%
Redemption Amount (Rs/NCD) 1,000 1,000 1,190 1,313 1,000 1,700
Coupon Type Fixed
Put and Call Option Not Applicable

NCD Rating

The issue has been rated ‘CARE BBB+’: Stable (‘Triple B Plus; Outlook: Stable’) by CARE Ratings Limited. Instruments with this rating are considered to have 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 (₹ 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 November 2021 Prospectus

Muthoottu Mini NCD November 2021 Subscription Status

The Muthoottu Mini NCD November 2021 was subscribed 2.01 times on December 28, 2021 5:00:00 AM. The NCD subscribed 2.59 times in Retail, 1.80 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)

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Muthoottu Mini NCD November 2021 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

Muthoottu Mini NCD November 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 November 2021 Lead Manager(s)


1. Kamaldeep     Link|December 24, 2021 7:40:02 PM
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