Muthoottu Mini Financiers NCD Bonds 2021 are Open on 18 August 2021 and to close on 9 September 2021. The Company will offer 10.47% interest rates on the NCD Bonds. And NCD tenure will be applicable for 480 days, 24 months, 42 months, 50 months, 66 months, and 84 months. The company will raise a fund of ₹125 crores through this NCD, the company has fixed the NCD price band at ₹1000 for this according to the face value of ₹1000.
Muthoottu Mini Financiers Ltd is the Flag Ship Company of the M Mathew Muthoottu Group having diverse business interests in not only financing but also in Leisure & Entertainment etc. The M Mathew Muthoottu Foundation is also engaged in socially relevant projects. Providing value-based financial services, need-based value-added services like insurance, money transfer, Tours & Travel, etc., and also providing high-yielding Investment opportunities through Issue of Debentures.
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The invaluable trust, our customers have in us is our biggest asset. Apart from the Gold Loan Business, Muthoottu Mini is now striving to become a one-stop shop for all financial requirements of the customer. While we are already equipped with services of insurance, money transfer, and wealth management, we aim higher by diversifying our product portfolio in the years to come.
The roots of the Muthoottu Group run deep and back in time to 1870 in the picturesque town of Kozhencherry. It was here that Late Muthoottu Ninan Mathai started his business, laying the foundation for the House of Muthoottu. Late M Mathew Muthoottu is the Founder Chairman of the Muthoottu Mini Group. Through his endeavors in setting up Financing and Chits, this son of Late Muthoottu Ninan Mathai was instrumental in transforming his father’s grand vision into reality.
It was under his leadership that the Muthoottu Mini Group, the premier Financial venture of the Muthoottu family, was established, propelling the Muthoottu tradition of philanthropy. From humble beginnings and a strong philanthropic intent of wealth creation for not only self but for the society, the Company has become a trusted name in the Gold Loan business with Reliability and Trustworthiness being the hallmarks of the Group.
The Group Companies include
- Cochin Mini Muthoottu Nidhi Limited
- Mini Muthoottu Nidhi Kerala Limited
- Muthoottu Mini Nidhi Limited
- Muthoottu Mini Theatres Private Limited
Muthoottu Mini Financiers NCD Review :
■ Apply Your Own Risk
Muthoottu Mini Financiers NCD Security Name :
■ Muthoottu Mini Financiers Ltd
Muthoottu Mini Financiers NCD Security Type :
■ Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Muthoottu Mini Financiers NCD Ratings
| Agency | Rating |
| CARE | BBB+ Stable (Triple B Plus; Outlook: Stable) |
Muthoottu Mini Financiers NCD Bonds Issue Details
| Issue Open | 18 August 2021 |
| Issue Close | 9 September 2021 |
| Issue Base Size | ₹125 Cr. |
| Issue Shelf Size | ₹125 Cr. |
| Price Band | ₹1000 Per NCD |
| Face Value | ₹1000 Each NCD |
| Interest Rate | 10.47% Annual |
| Listing on | BSE Platform |
Muthoottu Mini Financiers NCD Market Lot
| Market Lot : | 1 NCD |
| Minimum Lot size : | 10 NCD |
| Minimum Investment : | ₹10,000 |
Muthoottu Mini Financiers NCD Bond Issue Tenure & Interest Rates
| SR | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Tenure | 480 Days | 24 Month | 24 Month | 42 Month | 50 Month | 66 Month | 84 Month |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Interest | Monthly | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative |
| Coupon Rate | 8.75% | 9.00% | N/A | 9.50% | N/A | 10.00% | N/A |
| Effective Yield | 9.11% | 9.38% | 9.54% | 9.92% | 10.22% | 10.47% | 10.41% |
| Maturity | 1000 | 1000 | 1200 | 1000 | 1500 | 1000 | 2000 |
About Muthoottu Mini Financiers Company
Late M Mathew Muthoottu’s vision and strength have seen the growth of the firm from a small chit–fund and gold finance to farmers, traders, and needy households, to a Financing Enterprise with an impeccable loan portfolio, spread across several states. We are now present in 10 states and 1 Union Territory across India. With a wide network of 800+ branches and more than 3000 employees, we are growing at a fast pace to establish our presence all across India. By servicing more than 3 lakhs customers.
The invaluable trust, our customers have in us is our biggest asset. Apart from the Gold Loan Business, Muthoottu Mini is now striving to become a one-stop shop for all financial requirements of the customer. While we are already equipped with services of insurance, money transfer, and wealth management, we aim higher by diversifying our product portfolio in the years to come.
The roots of the Muthoottu Group run deep and back in time to 1870 in the picturesque town of Kozhencherry. It was here that Late Muthoottu Ninan Mathai started his business, laying the foundation for the House of Muthoottu. Late M Mathew Muthoottu is the Founder Chairman of the Muthoottu Mini Group. Through his endeavors in setting up Financing and Chits, this son of Late Muthoottu Ninan Mathai was instrumental in transforming his father’s grand vision into reality.
It was under his leadership that the Muthoottu Mini Group, the premier Financial venture of the Muthoottu family, was established, propelling the Muthoottu tradition of philanthropy. From humble beginnings and a strong philanthropic intent of wealth creation for not only self but for the society, the Company has become a trusted name in the Gold Loan business with Reliability and Trustworthiness being the hallmarks of the Group.
| Read also: All Upcoming IPO Grey Market Premium 2021 |
Company Promoters :
■ Mr.Nizzy Mathew & Mathew Muthoottu
Muthoottu Mini Financiers Board of Directors
| Name | Designation |
| Nizzy Mathew | Chairwoman & Wholetime Director |
| Mathew Muthoottu | Managing Director |
| John V George | Additional Director |
| Rajagopal M.S. | Independent Director |
| Maliakal Jose Poul | Independent Director |
Quick Link :
Muthoottu Mini Financiers IPO Lead Managers :
■ Vivro Financial Services Private Limited
Muthoottu Mini Financiers NCD IPO Registrar :
Link Intime India Private Limited
Address: C-101, 247 Park, LBS Marg
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Tel: (91 22) 4918 6200
Fax: (91 22) 4918 6195
Email: [email protected]
Website: www.linkintime.co.in
Company Address :
Muthoottu Mini Financiers Limited
2/994, Muthoottu Buildings,
Kozhencherry, Pathanamthitta – 689 641,
Kerala, India
Phone: +91 468 231 4391
Email: [email protected]
Website: http://www.muthoottumini.com/
Muthoottu Mini Financiers NCD FAQs:
What is Muthoottu Mini Financiers NCD?
Muthoottu Mini Financiers NCD is Security Bond.
When Muthoottu Mini Financiers NCD will open?
The Muthoottu Mini Financiers NCD is to open from 18 August 2021 – 9 September 2021.
What is the Muthoottu Mini Financiers NCD Size?
Muthoottu Mini Financiers NCD size is ₹15 Crores.
What is the issue Shelf size of Muthoottu Mini Financiers NCD?
The Fresh issue size of Muthoottu Mini Financiers NCD ₹125 Cr.
What is Muthoottu Mini Financiers NCD Price Band?
Muthoottu Mini Financiers NCD Price Band is ₹1000 Per NCD.
What is Muthoottu Mini Financiers NCD Minimum Lot Size?
The Muthoottu Mini Financiers NCD Minimum Lot Size 10.
What is Muthoottu Mini Financiers NCD Interest Rate?
The Muthoottu Mini Financiers NCD Interest Rate is 10.47% Annual.
Where is Muthoottu Mini Financiers NCD Listing?
Muthoottu Mini Financiers NCD listing is BSE Platform.
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