Muthoottu Mini Financiers NCD April 2022 description – The company belongs to the Muthoottu Mini group. Muthoottu Mini group belongs to the Muthoottu family of Kozhencherry, which was founded by Ninan Mathai Muthoottu, who started the family business enterprise in 1887. The Muthoottu Mini group has been in the gold loan financing since 1986 and it has been extending Gold Loans since its incorporation.
Its gold Loan customers are individuals primarily from rural and semi-urban areas. Its USP that distinguishes it from banks is its focus on non-organized sections of society and turnaround time to sanction and disburse the loan.
It has also introduced online gold loan product wherein the customer has to come to the branch only for the initial appraisal and subsequent disbursement are done online whenever the customer makes a request during the maximum period of one year, subject to the prevailing LTV norms. It has developed various Gold Loan schemes, which offer variable terms in relation to the amount advanced per gram of gold, the interest rate and the amount of the loan, to meet the different needs of various customers.
Its lending functions are supported by a custom developed information technology platform that allows it to record relevant customer details, approve and disburse the loan. The company has a web based centralized IT platform which records details of
all branches and also handles management of the relevant loan and pledged gold related information.
In addition to the loan business, it also offer depository participant services, money transfer services, insurance agents services, PAN card related services and travel agency services
Promoters of Muthoottu Mini Financiers – Nizzy Mathew, Mathew Muthoottu
Muthoottu Mini Financiers NCD 2022 Details
|Subscription Dates||20 April – 17 May 2022|
|Security Type||Secured, Redeemable, Non-Convertible Debentures|
|Face Value||INR1,000 per NCD|
|Issue Price||INR1,000 per NCD|
|Issue Size (Base)||INR125 crore|
|Overall Issue Size (including oversubscription)||INR250 crore|
|Minimum Lot size||10 NCDs|
|Market Lot||1 NCD|
|Credit Rating||CARE BBB+ Stable|
|Category Reservation||Category 1 (QIB): 10%|
Category 2 (NII): 40%
Category 3 (Retail): 50%
|Basis of Allotment||First Come First Serve|
Muthoottu Mini Financiers NCD 2022 – Options and Coupon Rates
|Option||Tenure||Interest Payment||Coupon Rate||Effective Yield||Maturity Amount|
|Series 1||480 days||Monthly||8%||8.3%||INR1,000|
|Series 2||24 months||Monthly||8.5%||8.84%||INR1,000|
|Series 3||24 months||Cumulative||N/A||8.9%||INR1,186|
|Series 4||36 months||Cumulative||N/A||9.25%||INR1,304|
|Series 5||48 months||Monthly||9.5%||9.92%||INR1,000|
|Series 6||66 months||Cumulative||N/A||10%||INR1,689|
Muthoottu Mini Financiers Non Convertible Debentures Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: [email protected]
Muthoottu Mini Financiers Finance NCD Documents
- Muthoottu Mini Financiers NCD Red Herring Prospectus
- Muthoottu Mini Financiers NCD Draft Prospectus
- Upcoming NCDs
Muthoottu Mini Financiers Contact Details
Muthoottu Mini Financiers
65/623-K, Muthoottu Royal Towers,
Kaloor, Kochi, Kerala – 682 017;
Phone:+91 484 291 2100
Email: [email protected]
|Dates||Category 1 (QIB)||Category 2 (Corporates)||Category 3 (Retail)||Total|
|17 May 2022||0.01||2.27||2.68||2.25|
|16 May 2022||0.01||2.27||2.66||2.24|
|13 May 2022||0.01||2.17||2.52||2.13|
|12 May 2022||0.01||2.05||2.44||2.06|
|11 May 2022||0.01||1.97||2.28||1.93|
|10 May 2022||0.01||1.97||2.27||1.92|
|9 May 2022||0.01||1.89||2.28||1.89|
|6 May 2022||0.01||1.74||2.09||1.74|
|5 May 2022||0.01||1.60||1.95||1.65|
|4 May 2022||0.01||1.52||1.88||1.55|
|2 May 2022||0.01||1.45||1.76||1.46|
|29 Apr 2022||0.01||1.32||1.65||1.35|
|28 Apr 2022||0.01||1.33||1.59||1.33|
|27 Apr 2022||0.01||1.21||1.48||1.23|
Muthoottu Mini Financiers NCD 2022 allotment status will be updated at the website of Link Intime India Private Limited website. Click on this link to get allotment status.
Muthoottu Mini Financiers NCD 2022 FAQs
What is the face value and lot size of Muthoottu Mini Financiers NCD 2022?
The NCDs will be issued at a face value of INR1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Muthoottu Mini Financiers NCD 2022?
The frequency of payment for Muthoottu Mini Financiers NCD is Cumulative and Monthly.
What is basis of allotment in Muthoottu Mini Financiers NCD 2022 offer?
Muthoottu Mini Financiers NCDs will be allotted on a First Come First Serve Basis.