Wednesday, August 18, 2021

10.47% Muthoottu Mini Financiers NCD August 2021 Date, Rating & Interest Rates

Muthoottu Mini Financiers Ltd is a NBFC company based in Kerala, incorporated in 1998. They are i a gold loan business providing money against the pledge of gold jewellery. Apart from the gold loan business they are also offers depository participant services, money transfer services, insurance broking services, PAN card related services, and travel agency services. They have over 3000 employees and over 750 branches in India. They also provide Mahila Loan for Empowering Women Entrepreneurs, Aaswas Loan for Strengthening the Rural poor community, Easy EMI Loan for Customized solution for salaried customers, Online Gold Loan for giving the loan directly to customer’s account and Prepay loan to pay interest upfront and to get interest free repayments.
 
Muthoottu Mini Financiers has a rating of CARE BBB+ Stable (Triple B Plus; Outlook: Stable) by CARE. Muthoottu Mini Financiers Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) subscription to start on 18 August 2021. Muthoottu Mini Financiers will offer 10.47% interest rates on the NCDs. The NCDs tenure will be for 480 Days, 24 months, 42 months, 50 months, 66 months and 84 months.

Muthoottu Mini Financiers

Muthoottu Mini Financiers NCD Issue Details

 NCD Issue Open 18 August 2021
 NCD Issue Close 09 September 2021
 NCD Issue Size Base: 125 Cr. | Shelf: 125 Cr.
 Price Band ₹1000 per NCD
 Interest Rate Upto 10.47% ** (Annually)
 Minimum Investment 10 Bonds (₹1,000)
 Maximum Investment 1,000 Bonds (₹10,00,000)
 Listing on
 BSE Platform

Muthoottu Mini Financiers NCD Issue Rating

  • CARE Ratings: CARE BBB+ Stable (Triple B Plus; Outlook: Stable)

Muthoottu Mini Financiers NCD Issue Listing

  • NCD Bonds will be list on BSE only.

Muthoottu Mini Financiers NCD Issue Promoters

  • Nizzy Mathew
  • Mathew Muthoottu

How to Apply Muthoottu Mini Financiers NCD Issue?

You can apply from your existing demat account online and offline. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.

Muthoottu Mini Financiers NCD (August 2021) Issue Tenure & Interest Rates

Option Tenure Interest Coupon Eff. Yield
Maturity
I 480 Days Monthly 8.75% 9.11% 1000
II 24 Months Monthly 9.00% 9.38% 1000
III 24 Months Cumulative N/A 9.54% 1200
IV 42 Months Monthly 9.50% 9.92% 1000
V 50 Months Cumulative N/A 10.22% 1500
VI
66 Months Monthly 10.00% 10.47% 1000
VII
84 Months Cumulative N/A 10.41% 2000

About Muthoottu Mini Financiers

Late M Mathew Muthoottu’s vision and strength have seen the growth of the firm from a small chit –fund and gold finance to farmers, traders and needy households, to a Financing Enterprise with an impeccable loan portfolio spread across several states. We are now present in 10 states and 1 Union Territory across India. With the wide network of 800+ branches and more than 3000 employees, we are growing at a fast pace to establish our presence all across India. By servicing more than 3 lakhs customers, the invaluable trust, our customers have in us is our biggest asset. Apart from the Gold Loan Business, Muthoottu Mini is now striving to become a one-stop-shop for all financial requirements of the customer. While we are already equipped with services of insurance, money transfer and wealth management, we aim higher by diversifying our product portfolio in the years to come.

Providing value-based financial services, need-based value-added services like insurance, money transfer, Tours & Travel etc. and also providing high yielding Investment opportunities through Issue of Debentures.

Muthoottu Mini Financiers Ltd is the Flag Ship Company of the M Mathew Muthoottu Group having diverse business interests in not only financing but also in Leisure & Entertainment etc. The M Mathew Muthoottu Foundation is also engaged in socially relevant projects.


Muthoottu Mini Financiers NCD Lead Manager

  • Vivro Financial Services Private Limited

Muthoottu Mini Financiers NCD Allotment Status

  • Muthoottu Mini Financiers NCD issue allotment available on Linkintime

NCD Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: ncd2.mmfl2021@linkintime.co.in
Website: http://www.linkintime.co.in

Company 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 Financiers NCD FAQs:


When is Muthoottu Mini Financiers NCD Open?
Muthoottu Mini Financiers NCD to open on August 18 and closes on September 09, 2021.

What is Muthoottu Mini Financiers NCD Price?
The company has fixed the price at ₹1000 per NCD.

What is Muthoottu Mini Financiers NCD Issue Size?
The NCD issue size is ₹125 crores.

On Which platform the Muthoottu Mini Financiers NCD will list?
Muthoottu Mini Financiers NCD will list on BSE Platform.

How to apply for Muthoottu Mini Financiers NCD?
You can apply from your existing demat account online and offline.

Open Demat Account