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Muthoottu Mini Financiers Ltd NCD (Muthoottu Mini Financiers NCD Dec 2015) Detail

Dec 28, 2015 - Dec 27, 2016
Muthoottu Mini Financiers Ltd Logo

MMFL is a RBI registered NBFC and having headquartered in the state of Kerala and belongs to the Muthoottu Mini Group. The operations at Kozhencherry, district Pathanamthtta, Kerala and has over two decades of established history in the money lending business, mainly in small scale money lending against used household gold jewellery. It has been in the gold loan financing since 1986 and the Company has been extending Gold Loans since 2006.

They are a non deposit taking systemically important NBFC in the Gold Loan sector lending money against the pledge of used household gold jewellery in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Goa, Haryana and Maharashtra. They also provide short-term personal loans primarily to individual customers who require immediate availability of funds.

Muthoottu Mini Financiers NCD Dec 2015 Detail

Issue Open Dec 28, 2015 - Dec 27, 2016
Security Name Muthoottu Mini Financiers Ltd
Security Type
Issue Size (Base) Rs 250.00 Crores
Issue Size (Shelf) Rs [.] Crores
Issue Price Rs 10000 per NCD
Face Value Rs 100 each NCD
Minimum Lot size 10 NCD
Market Lot 10 NCD
Listing At BSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

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

Objects of the Issue

The funds raised through this Issue will be utilized for:

1. For the purpose of onward lending and for repayment of interest and principal of existing loans; and
2. General Corporate Purposes;

Credit Rating

This debt offer is rated IND-BBB by India Rating & Research Pvt Ltd. This indicates that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

Offerings

These bonds carries coupon rate ranging from 10.25% to 10.50%. Existing debenture holders, ex-servicemen and senior citizens will be given additional 0.25%. Tenure for these NCDs is 500 days, 36months, 50 months and 78 months. Payment of interest will be monthly, annual and cumulative as per the choice of investors.

Reviews About Muthoottu Mini Financiers Ltd

Muthoottu Mini Financiers NCD Dec 2015 Prospectus

Muthoottu Mini Financiers NCD Dec 2015 Rating

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Muthoottu Mini Financiers NCD Dec 2015 Reviews

Company Contact Information

Muthoottu Mini Financiers Ltd
994, Muthoottu Buildings,
Kozhencherry,
Pathanamthitta - 689 641

Phone: +91 4682314391, 2279258
Email: cs@minimuthoottu.com
Website: http://www.minimuthoottu.com

Muthoottu Mini Financiers NCD Dec 2015 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: mmfl.ncd3@linkintime.co.in
Website: https://linkintime.co.in/

Muthoottu Mini Financiers NCD Dec 2015 Lead Manager(s)


2 Comments

2. Narayanan Velu  Oct 20, 2016 11:35:16 AM
New ncd opening may please be notified
1. chittibabu  Oct 7, 2016 12:08:57 PM
Invest ncd