HomeNCD BondsMuthoottu Mini Financiers NCD March 2021 – Issue Date, Review & Interest...

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

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Muthoottu Mini Financiers NCD March 2021

Latest NCD

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 issued the Non-Convertible Debentures (NCD) subscription from 30th March, 2021 and ending on 23rd April,, 2021.

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Muthoottu Mini Financiers offering upto 10.75% interest rates on the NCDs. The NCDs tenure will be for 24 months, 42 months, 50 months, 61 months and 84 months

Muthoottu Mini Financiers NCD

Muthoottu Mini Financiers NCD March 2021 Details

Security NameMuthoottu Mini Financiers Limited
Issue PeriodMar 30, 2021 – Apr 23, 2021
Issue sizeRs. 12,500 Lakhs
Issue PriceRs.1000 per NCD
Face valueRs.1000 per NCD
Market Lot1 NCD
Minuimum Lot Size 10 NCD  (Rs.10000)
Listing At BSE
Credit RatingIND BBB/ Stable by India Ratings and Research Private Limited
AllotmentFirst Come First Serve Basis

Also Read : Kosamattam Finance NCD March 2021 – Issue Date, Review & Interest Rates

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.

Terms of the NCDs – Interest Rates & Tenor

Tenure 480 Days 24 months 24 months 42 months 50 months 61 months 84 months
Nature Secured Unsecured
Options I II III IV V VI VII
Frequency of Interest Payment Monthly Monthly Cumulative Monthly Cumulative Monthly Cumulative
Minimum Application 10 NCDs (Rs 10,000) (across all options of NCDs)
In multiples, of 1 NCD after the minimum application
Face Value of NCDs (Rs/NCD) Rs 1,000
Issue Price (Rs /NCD) Rs 1,000
Coupon (%) per annum 9.00% 9.25% NA 9.75% NA 10.25% NA
Effective Yield (%) (per annum) 9.38% 9.65% 9.27% 10.20% 10.22% 10.75% 10.41%
Redemption Amount (Rs/NCD) 1,000 1,000 1,194 1,000 1,500 1,000 2,000

Muthoottu Mini Financiers NCD March 2021 Lead Manager(s)

Vivro Financial Services Private Limited

Muthoottu Mini Financiers NCD March 2021 Registrar to the Issue

Link Intime India Private Ltd

Muthoottu Mini Financiers NCD March 2021 – Documents

Red Herring Prospectus

Muthoottu Mini Financiers NCD March 2021 – Important FAQs

When is the Muthoottu Mini Financiers NCD Mar 2021 issue open date ?

The Muthoottu Mini Financiers NCD issue open date is on 30th March, 2021

When is the Muthoottu Mini Financiers NCD Mar 2021 issue close date ?

The Muthoottu Mini Financiers NCD issue close date is on 23rd April,, 2021

When is the price for one NCD for Muthoottu Mini Financiers NCD Mar 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 NCD Mar 2021 issue?

Apply from your demat account. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.

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