Muthoottu Mini Financiers NCD August 2021 – Issue Date, Review & Interest Rates
- About Muthoottu Mini Financiers
- Muthoottu Mini Financiers NCD August 2021 Details
- Terms of the NCDs
- Objects of the Issue
- Muthoottu Mini Financiers NCD August 2021 – Documents
- Muthoottu Mini Financiers NCD August 2021 Lead Managers
- Muthoottu Mini Financiers NCD August 2021 Registrar
- Muthoottu Mini Financiers NCD August 2021 – FAQs
About Muthoottu Mini Financiers
Muthoottu Mini Financiers Limited is an 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.
The company also have microfinance loan segment wherein they provide 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 the branches in the state of Kerala.
Muthoottu Mini Financiers NCD August 2021 Details
| Descriptiom | Details |
|---|---|
| Issue Size | Public issue of Secured NCDs and Unsecured NCDs by our Company aggregating up to Rs.12,500 lakhs, with an option to retain over-subscription up to Rs.12,500 lakhs, aggregating up to Rs.25,000 lakhs; Base Issue Size being Rs.12,500 lakhs |
| NCD Issue Open | 18-Aug-21 |
| NCD Issue Close | 09-Sep-21 |
| Security Type | Secured and Unsecured Redeemable Non-Convertible Debentures |
| Price Band | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 Bonds (Rs.10,000) |
| Series | I-VII |
| Credit Rating | CARE BBB+ Stable (Triple B Plus; Outlook: Stable’) by CARE Ratings Limited |
| Payment Frequency | Monthly, Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Symbol | |
| Listing At | BSE |
Terms of the NCDs
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 |
| Tenor | 480 Day | 24 Months | 24 Months | 42 Months | 50 Months | 66 Months | 84 Months |
| Frequency of Interest Payment | Monthly | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative |
| Coupon Rate | 8.75% | 9.00% | NA | 9.50% | NA | 10.00% | NA |
| Effective Yield (%) (per annum) | 9.11% | 9.38% | 9.54% | 9.92% | 10.22% | 10.47% | 10.41% |
| Redemption Amount of ₹1,000 | 1000 | 1000 | 1200 | 1000 | 1500 | 1000 | 2000 |
Objects of the Issue
1.For the purpose of onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the Company; and
2.General corporate purposes.
Muthoottu Mini Financiers NCD August 2021 – Documents
Muthoottu Mini Financiers NCD August 2021 Lead Managers
- Vivro Financial Services Private Limited
Muthoottu Mini Financiers NCD August 2021 Registrar
Muthoottu Mini Financiers NCD August 2021 – FAQs
When is the Muthoottu Mini Financiers NCD August 2021 issue open date?
The Muthoottu Mini Financiers NCD August 2021 issue open date is on 18th August, 2021
When is the Muthoottu Mini Financiers NCD August 2021 issue close date?
The Muthoottu Mini Financiers NCD issue close date is on 9th September, 2021
What is the price for one NCD for Muthoottu Mini Financiers NCD August 2021 issue?
The price band is Rs 1000 per NCD and minimum lot size is 10 Bonds (Rs. 10,000)
How to Apply Muthoottu Mini Financiers August 2021 issue?
Apply from your Demat account, if you don’t have the Demat Account, Click here to open the Demat Account.
You can apply via downloading the form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centers.
Follow us on Telegram for all the latest updates