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

Muthoottu Mini Financiers Limited launched a non-convertible debenture (NCD) issue, offering yields up to 10.41% for seven year tenor, on Wednesday. You can opt for monthly, annual, or cumulative interest payment options.
The issue which opened on 13th January 2021 will remain open till 09th February 2021. The NCD is being offered for tenors of 84 months and is rated “A” by CRISIL. The issue size is ₹125 crore, with the company retaining the right to keep an additional ₹125 crore from the proceeds.

    Muthoottu Mini Financiers ncd

    Muthoottu Mini Financiers Limited NCD January 2021 Detail

    Issue Open Jan 13, 2021 – Feb 09, 2021
    Security Name Muthoottu Mini Financiers Limited
    Security Type Secured and Unsecured Redeemable Non-Convertible Debentures
    Issue Size (Base) Rs 125.00 Crores
    Issue Size (Shelf) Rs 125.00 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 for Secured and
    Unsecured Redeemable Non-Convertible Debentures
    Tenor 480 Days, 24, 42, 66, 61 and 84 months
    Series Series I to Series IX
    Payment Frequency Monthly, Yearly or Cumulative
    Basis of Allotment First Come First Serve Basis

    Muthoottu Mini Financiers NCD Allocation Ratio

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

    Muthoottu Mini Financiers NCD Coupon Rates for Eash Series

    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

    About Muthoottu Mini Financiers

    Incorporate in 1998, Muthoottu Mini is an NBFC company (non-deposit) involved in the gold loan business lending money against thepledge 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.

    Company Promoters

    • Nizzy Mathew and Mathew Muthoottu are the promoters of the company.

    Company Financials

    Summary of financial Information (Restated Consolidated)
    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 following objects are proposed to be financed from the Net Proceeds:
    1. Working capital purposes
    2. General corporate purposes

    Muthoottu Mini Financiers NCD Jan 2021 Prospectus

    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 Financiers NCD 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

    Muthoot Fincorp NCD FAQs

    • When is Muthoottu Mini Financiers NCD January 2021 public issue coming?

      The Muthoottu Mini Financiers NCD Jan 2021 issue opens on Jan 13, 2021, and closes on Feb 09, 2021, for the subscription.

      Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.

    • What is Muthoottu Mini Financiers NCD January 2021 timetable?

      Muthoottu Mini Financiers NCD IPO dates are as below:

      Muthoottu Mini Financiers NCD January 2021 Issue Timetable

      Bid/Offer Opens On Jan 13, 2021
      Bid/Offer Closes On Feb 09, 2021
      Record Date
      Deemed Date of Allotment

    • Where can I get the Muthoottu Mini Financiers NCD January 2021 issue prospectus pdf?

      Sorry, Muthoottu Mini Financiers NCD January 2021 DRHP PDF Document is not available at this time.


      Muthoottu Mini Financiers NCD January 2021 Red Herring Prospectus (RHP) PDF

    • What is Muthoottu Mini Financiers NCD January 2021 price? Tell me the pricing of Muthoottu Mini Financiers NCD issue?

      Muthoottu Mini Financiers NCD January 2021 price is set at ₹1000 per NCD.
    • What is the face value of Muthoottu Mini Financiers NCD January 2021?

      The NCD’s will be issued at a face value of ₹1000 each NCD.
    • What is the frequency of interest payment for Muthoottu Mini Financiers NCD January 2021?

      The frequency of payment for Muthoottu Mini Financiers NCD January 2021 is Monthly, Yearly or Cumulative.
    • What is the minimum application size for investment in Muthoottu Mini Financiers NCD January 2021 public issue?

      Each application should be for a minimum of 10 NCD’s and multiples of 10 NCD thereof.
    • What is Muthoottu Mini Financiers NCD January 2021 closing time?

      Muthoottu Mini Financiers NCD January 2021 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Feb 09, 2021. The bid may close earlier in case it is fully subscribed.

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