Muthoottu Mini Financiers NCD March 2021
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.
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 March 2021
- Muthoottu Mini Financiers NCD March 2021 Details
- Objects of the Issue
- Terms of the NCDs – Interest Rates & Tenor
- Muthoottu Mini Financiers NCD March 2021 Lead Manager(s)
- Muthoottu Mini Financiers NCD March 2021 Registrar to the Issue
- Muthoottu Mini Financiers NCD March 2021 – Documents
- Muthoottu Mini Financiers NCD March 2021 – Important FAQs
Muthoottu Mini Financiers NCD March 2021 Details
| Security Name | Muthoottu Mini Financiers Limited |
| Issue Period | Mar 30, 2021 – Apr 23, 2021 |
| Issue size | Rs. 12,500 Lakhs |
| Issue Price | Rs.1000 per NCD |
| Face value | Rs.1000 per NCD |
| Market Lot | 1 NCD |
| Minuimum Lot Size | 10 NCD (Rs.10000) |
| Listing At | BSE |
| Credit Rating | IND BBB/ Stable by India Ratings and Research Private Limited |
| Allotment | First Come First Serve Basis |
Also Read : Kosamattam Finance NCD March 2021 – Issue Date, Review & Interest Rates
Objects of the Issue
- For the purpose of onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the Company; and
- 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
Muthoottu Mini Financiers NCD March 2021 – Documents
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.
