Muthoottu Mini Financiers NCD Dec 2021 description – The company is a non-deposit taking systemically important NBFC in the gold loan sector lending money against the pledge of household gold jewellery (Gold Loans) in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Gujarat, Delhi and Goa and the union territory of Puducherry. It also has a microfinance loan segment wherein it provides unsecured loans to joint liability group of women customers (minimum of 5 persons) who require funds to carry out their business activities through few of branches in the state of Kerala.
Muthoottu Mini Financiers’ Gold Loan portfolio as on 30 September 2021 comprised of 3,95,175 accounts. Its Gold Loans aggregated to INR2,033.06 crore which is 97.41 % of total loans and advances as on such specific dates. We, as on 30 September 2021, it had a network of 809 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Gujarat, Delhi and Goa and the union territory of Puducherry and the company employed 3,205 persons in business operations.
Its Gold Loan customers are individuals primarily from rural and semi-urban areas. For the six months period ended on 30 September 2021 and for FY2021, the average loan amount advanced by the company was INR51,447 and INR50,118 per loan transaction, respectively. Its Gold Loan product mix varies from 30 days upto 365 days tenure with varying rates of interest and amount of loan to suit the requirements of the customers. For the six months period ended on 30 September 2021 and for FY2021, its yield on Gold Loan assets was 19.39% and 19.57%, respectively.
Promoter of Muthoottu Mini Financiers – Nizzy Mathew and Mathew Muthoottu
Muthoottu Mini Financiers NCD Dec 2021 details
| Subscription Dates | 1 – 28 December 2021 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (Base) | INR100 crore |
| Overall Issue Size (including oversubscription) | INR200 crore |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 480 Days 24 Months 36 Months 48 Months 66 Months |
| 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 |
| Listing On | BSE |
Muthoottu Mini Financiers NCD Dec 2021 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 480 days | Monthly | 8.50% | 8.84% | INR1,000 |
| Series 2 | 24 months | Monthly | 8.75% | 9.11% | INR1,000 |
| Series 3 | 24 months | Cumulative | NA | 9.09% | INR1,190 |
| Series 4 | 36 months | Cumulative | NA | 9.50% | INR1,313 |
| Series 5 | 48 months | Monthly | 9.75% | 10.20% | INR1,000 |
| Series 6 | 66 months | Cumulative | NA | 10.13% | INR1,700 |
Registrar of Muthoottu Mini Financiers Non Convertible Debentures
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email:Â [email protected]
Website:Â http://www.linkintime.co.in
Muthoottu Mini Financiers NCD Documents
Muthoottu Mini Financiers Contact Details
Muthoottu Mini Financiers Limited
Muthoottu Ryal Towers
Kaloor, Kochi – 682017, Kerala
Phone:Â +91 484 291 2100
Email:Â [email protected]
Website:Â www.muthoottumini.com
Muthoottu Mini Financiers NCD December 2021 Subscription Status (no. of times)
| Category 1 (QIB) | Category 2 (NII) | Category 3 (Retail) | Total | |
| 28 Dec 2021 | 0.00 | 1.80 | 2.59 | 2.01 |
| 27 Dec 2021 | 0.00 | 1.76 | 2.54 | 1.97 |
| 24 Dec 2021 | 0.00 | 1.71 | 2.46 | 1.91 |
| 23 Dec 2021 | 0.00 | 1.64 | 2.38 | 1.84 |
| 22 Dec 2021 | 0.00 | 1.62 | 2.33 | 1.82 |
| 21 Dec 2021 | 0.00 | 1.56 | 2.29 | 1.77 |
| 20 Dec 2021 | 0.00 | 1.52 | 2.22 | 1.72 |
| 17 Dec 2021 | 0.00 | 1.46 | 2.05 | 1.61 |
| 16 Dec 2021 | 0.00 | 1.45 | 2.00 | 1.58 |
| 15 Dec 2021 | 0.00 | 1.34 | 1.92 | 1.49 |
| 14 Dec 2021 | 0.00 | 1.25 | 1.83 | 1.42 |
| 13 Dec 2021 | 0.00 | 1.18 | 1.73 | 1.34 |
| 10 Dec 2021 | 0.01 | 1.12 | 1.51 | 1.20 |
| 9 Dec 2021 | 0.01 | 1.09 | 1.47 | 1.17 |
| 8 Dec 2021 | 0.01 | 1.02 | 1.36 | 1.09 |
| 7 Dec 2021 | 0.01 | 0.87 | 1.13 | 0.91 |
| 6 Dec 2021 | 0.01 | 0.71 | 0.97 | 0.77 |
| 3 Dec 2021 | 0.00 | 0.60 | 0.87 | 0.64 |
| 2 Dec 2021 | 0.00 | 0.53 | 0.66 | 0.54 |
| 1 Dec 2021 | 0.00 | 0.39 | 0.47 | 0.39 |
Muthoottu Mini Financiers NCD Dec 2021 Allotment Status
Muthoottu Mini Financiers NCD Dec 2021 allotment status will be updated at the website of Link Intime. Click on this link to get allotment status.
Muthoottu Mini Financiers NCD Dec 2021 FAQs
What are Muthoottu Mini Financiers NCD Dec 2021 offer dates?
Muthoottu Mini Financiers NCD Dec 2021 offer opens on 1 December2021 and closes on 28 December 2021. It should be noted that the NCD offer may be closed early in case of full subscription before the closing date.
What is basis of allotment in Muthoottu Mini Financiers NCD Dec 2021 offer?
Muthoottu Mini Financiers NCD’s will be allotted on a First Come First Serve Basis.
What is the face value and lot size of Muthoottu Mini Financiers NCD Dec 2021?
The NCD’s 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 Dec 2021?
The frequency of payment for Muthoottu Mini Financiers NCD Dec 2021 is Monthly and Cumulative.
