IPO Banner
HomeNCD BondsMuthoottu Mini Financiers NCD August 2021 – Issue Date, Review & Interest...

Muthoottu Mini Financiers NCD August 2021 – Issue Date, Review & Interest Rates

- Advertisement -

Muthoottu Mini Financiers NCD August 2021 – Issue Date, Review & Interest Rates

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

DescriptiomDetails
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)
SeriesI-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

SeriesSeries 1Series 2Series 3Series 4Series 5Series 6Series 7
Tenor480 Day24 Months24 Months42 Months50 Months66 Months84 Months
Frequency of Interest PaymentMonthlyMonthlyCumulativeMonthlyCumulativeMonthlyCumulative
Coupon Rate 8.75%9.00%NA9.50%NA10.00%NA
Effective Yield (%) (per annum)9.11%9.38%9.54%9.92%10.22%10.47%10.41%
Redemption Amount of ₹1,0001000100012001000150010002000

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?

- Advertisement -

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

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here