10% Muthoottu Mini Financiers NCD April 2022

NCD Subscription Allotment Status
Muthoottu Mini Financiers NCD

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 Dates20 April – 17 May 2022
Security TypeSecured, Redeemable, Non-Convertible Debentures
Face ValueINR1,000 per NCD
Issue PriceINR1,000 per NCD
Issue Size (Base)INR125 crore
Overall Issue Size (including oversubscription)INR250 crore
Minimum Lot size10 NCDs
Market Lot1 NCD
Tenor480 days
24 months
36 months
48 months
66 months
Credit RatingCARE BBB+ Stable
Category ReservationCategory 1 (QIB): 10%
Category 2 (NII): 40%
Category 3 (Retail): 50%
Basis of AllotmentFirst Come First Serve
Listing OnBSE

Muthoottu Mini Financiers NCD 2022 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 1480 daysMonthly8%8.3%INR1,000
Series 224 months Monthly8.5%8.84%INR1,000
Series 324 monthsCumulativeN/A8.9%INR1,186
Series 436 months CumulativeN/A9.25%INR1,304
Series 548 monthsMonthly9.5%9.92%INR1,000
Series 666 months CumulativeN/A10%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]
Website: www.linkintime.co.in

Muthoottu Mini Financiers Finance NCD Documents

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]
Website: www.muthoottumini.com

Muthoottu Mini Financiers NCD 2022 Subscription Status (no. of times)

DatesCategory 1 (QIB)Category 2 (Corporates)Category 3 (Retail)Total
17 May 20220.012.272.682.25
16 May 20220.012.272.662.24
13 May 20220.012.172.522.13
12 May 20220.012.052.442.06
11 May 20220.011.972.281.93
10 May 2022 0.011.972.271.92
9 May 20220.011.892.281.89
6 May 20220.011.742.091.74
5 May 2022 0.011.601.951.65
4 May 2022 0.011.521.881.55
2 May 20220.011.451.761.46
29 Apr 20220.011.321.651.35
28 Apr 20220.011.331.591.33
27 Apr 20220.011.211.481.23

Muthoottu Mini Financiers NCD 2022 Allotment Status

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.



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