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Muthoottu Mini Financiers NCD April 2022

NCD Status: Closed [20th Apr 2022 to 17th May 2022]

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Muthoottu Mini Financiers NCD Detail

Muthoottu Mini Financiers NCD of Rs. 125 Cr base issue size with an option to retain oversubscription of up to Rs. 125 Cr opens for subscription from 20 April to 17 May 2022. The company issues series I to VI secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs), and the NCD tenor is 480 Days, 24, 36, 48 and 66 Months. Check more about the Muthoottu Mini Financiers NCD NCD Apr 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.

Muthoottu Mini Financiers NCD Details

NCD Opening Date: 20th Apr 2022
NCD Closing Date: 17th May 2022
NCD Type: Secured NCD
Issue Size (Base): Rs 125 Cr
Issue Size (Shelf): Rs 125 Cr
Face Value: Rs 1000 each NCD
Issue Price: Rs 1000 per NCD
Market Lot: 1 NCD
Min Order Qty: 10 NCD
Min Order Amount: Rs 10000
Listing at: BSE
Tenor: 480 Days, 24, 36, 48 and 66 Months
Rating: CARE BBB+ by CARE Ratings Limited
Series: Series I to VI
Payment Frequency: Monthly and Cumulative
Basis of Allotment: First Come First Serve Basis
Interest on return:
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  • NCD Important Dates

    Action Dates
    NCD Activity Date
    NCD Issue Open 20th Apr 2022
    NCD Issue Close 17th May 2022

    * - Tentative Dates

    Offer Details

    Category Name NCD's Allocated
    Institutional 10%
    Non-Institutional 40%
    Retail 50%

    About Company - Muthoottu Mini Financiers

    Muthoottu Mini Financiers, a part of Muthoottu Mini Group, is a non-deposit taking NBFC that particulars lends money against the pledge of household gold jewellery. Its gold loan customers mainly includes customers from rural and semi-urban areas. It lends gold loan from 30 days to 365 days of tenure at varied interest rates. It further offers microfinance or unsecured loans to a group of minimum 5 women customers to carry out their business activities.

    In addition to the lending business, it also offer depository participant services, money transfer services, insurance agent services, PAN card services, and travel agency services. As on December 31, 2021, it has a network of 804 branches in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Gujarat, Delhi and Goa and the union territory of Puducherry.


    • Non-deposit taking NBFC in the Gold Loan sector with strong market presence in South India.
    • Flexible Gold Loan Schemes and efficient customer service.
    • Strong branch network of 804 branches in the southern region of India.
    • Web based centralized IT infrastructure.

    Muthoottu Mini Financiers Financials

    Muthoottu Mini Financiers Financials (₹ in Cr) 31-Mar-2021 31-Mar-2020
    Total Assets ₹2,52,348.05 ₹2,02,564.73
    Total Income ₹36,825.38 ₹31,315.27
    Net Profit/Loss ₹3,191.14 ₹3,354.18

    Muthoottu Mini Financiers NCD Objective

    The company aims to utilize the net proceeds from NCD towards the following;

    1. For the purpose of onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the Company; and
    2. Meet general corporate purposes.

    Coupon Rates for Each Series

    Tenure 480 days 24 months 24 months 36 months 48 months 66 months
    Options I II III IV V VI
    Frequency of Interest Payment Monthly Monthly Cumulative Cumulative Monthly Cumulative
    Coupon Rate % Per Annum 8.00% 8.50% NA NA 9.50% NA
    Effective Yield (% per annum) 8.30% 8.84% 8.90% 9.25% 9.92% 10.00%
    Amount on Maturity for NCD holders ₹1,000 ₹1,000 ₹1,186 ₹1,304 ₹1,000 ₹1,689

    Muthoottu Mini Financiers NCD Promoters

    Nizzy Mathew is the promoter of the company.

    Muthoottu Mini Financiers NCD Rating Details

    The NCD instruments has been rated CARE BBB+ by Care Ratings Ltd that indicates moderate degree of safety as well as risk regarding timely servicing of financial obligations.

    Muthoottu Mini Financiers NCD Not Eligible to Invest

    1. Minors without a guardian name
    2. Foreign nationals
    3. Persons resident outside India
    4. Foreign Portfolio Investors
    5. Foreign Venture Capital Investors
    6. Qualified Foreign Investors
    7. Overseas Corporate Bodies
    8. Persons ineligible to contract under applicable statutory/regulatory requirements

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    Muthoottu Mini Financiers NCD Imporatant Links

    • Muthoottu Mini Financiers NCD DRHP >>Document
    • Muthoottu Mini Financiers NCD RHP >>Muthoottu Mini Financiers NCD Red Herring Prospectus is not yet available.
    • Muthoottu Mini Financiers NCD DRHP Shelf >>Muthoottu Mini Financiers NCD Draft Prospectus Shelf is not yet available.
    • Muthoottu Mini Financiers NCD RHP Shelf >>Muthoottu Mini Financiers NCD Red Herring Prospectus Shelf is not yet available.
    • Muthoottu Mini Financiers NCD Allotment Status >>Muthoottu Mini Financiers NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

    Company Address

    Muthoottu Mini Financiers Limited
    65/623-K, Muthoottu Royal Towers, Kaloor,
    Phone: +91 484 291 2100

    Muthoottu Mini Financiers NCD 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: [email protected]

    Muthoottu Mini Financiers NCD Lead Manager

    1. Vivro Financial Services Private Limited
    Muthoottu Mini Financiers NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for Muthoottu Mini Financiers? Should I apply in Muthoottu Mini Financiers NCD?

    Last Updated on 2022-10-06T00:59:06+00:00

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