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Muthoottu Mini NCD / Bonds Dates, Size, Allotment, Subscription, DRHP & more

Let’s have a detailed review of the company and analytics of the Muthoottu Mini Financiers Ltd NCD release date, NCD issue size, subscription, Muthoottu Mini NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.


Muthoottu Mini Financiers Ltd NCD – Aug 2019 Detail

Credit RatingCARE BBB/Stable
Issue OpenAug 7, 2019
Issue CloseSep 5, 2019
Base SizeRs 1,000.00 Crores
Shelf SizeRs 500.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Tenor480 days/24 months/36 months/60 months
SeriesSeries I to Series VIII
Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis


Muthoottu Mini Financiers Ltd NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameMuthoottu Mini Financiers Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Coupon payment frequencyMonthly, Annual and Cumulative
Coupon typeFixed
Tenor480 days/24 months/36 months/60 months
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeVistra ITCL (India) Limited,

Muthoottu Mini NCD Dates

The opening and the closing date of Muthoottu Mini Financiers Ltd NCD is Aug 7, 2019 to Sep 5, 2019.


Muthoottu Mini NCD Subscription

Day / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total Subscription
1st – 10th Day : till 19th Aug0.00x0.38x0.46x0.38x
10th – 20th Day : till 2nd sept
0.00x0.99x1.50x1.15x
20th – 30th Day : till 5th sept0.00x1.23x1.97x1.48x
Shares Offered or Net Issue100,000400,000500,0001,000,000

The shares subscribed by the public will be updated here.


Muthoottu Mini Financiers Ltd NCD Allotment Status

Here, you can find the Allotment Status of this NCD.


Muthoottu Mini Financiers Ltd NCD Share Offering

Public issue by our Company of NCDs aggregating up to Rs.10,000 lakhs, with an option to retain over-subscription up to Rs.5,000 lakhs, aggregating up to Rs.15,000 lakhs, on the terms and in the manner set forth herein

Muthoottu Mini NCD Allocation Ratio

NCD Allocation Ratio
CategoryNCD’s Allocated
QIB – Category 110%
Corporate – Category 240%
HNI – Category 350%
RII – Category 40%

Muthoottu Mini Financiers Ltd NCD’s Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 1100,000
NII – Category 2400,000
HNI – Category 3500,000
RII – Category 40
Total NCD’s1,000,000

Muthoottu Mini NCD Coupon Rates

Tenure480 days24 months36 months*36-months36 months60 months*60 months60 months
NatureSecured
OptionsIIIIIIIVVIVIIVIII
Frequency of Interest
Payment
CumulativeMonthlyMonthlyAnnuallyCumulativeMonthlyAnnuallyCumulative
Minimum Application10 NCDs (Rs 10,000) (across all options of NCDs)
In multiples, of1 NCD after the minimum application
Face Value of NCDs (Rs. /NCD)Rs. 1,000
Issue Price (Rs. /NCD)Rs. 1,000
Mode of Interest
Payment/ Redemption
Through various options available
Coupon (%) per annum*NA10.00%10.25%10.50%NA10.35%10.65%NA
Coupon TypeFixed
Redemption Amount (Rs.
/NCD) for Debenture
Holders*
1,1321,0001,000*1,0001,3401,0001,0001,636
Effective Yield (%)(per
annum)*
9.89%10.47%10.75%10.50%10.25%10.86%10.65%10.35%
Put and Call OptionNot applicable

Muthoottu Mini Financiers Ltd NCD Issue Object

The Company proposes to utilise the funds which are being raised through the Issue, after deducting the Issue related expenses to the extent payable by their Company (“Net Proceeds”), estimated to be approximately Rs.15,000 lakhs, towards funding the following objects (collectively, referred to herein as the “Objects”):

1. Onward lending;

2. Repayment of interest and principal of existing loans; and

3. General corporate purposes.


Muthoottu Mini Financiers Limited – Company Overview

Muthoottu Mini Financiers Limited NCDThey are a 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, Delhi and Goa and the union territory of Puducherry.

Muthoottu Mini have also recently forayed into microfinance loan segment in financial year 2017 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 their branches in the state of Kerala.

They Gold Loan portfolio as on March 31, 2019, March 31, 2018 and March 31, 2017, comprises of 3,75,665, 4,11,558 and 5,16,004 Gold Loan accounts respectively, aggregating to Rs.1,35,012.97 lakhs, Rs.1,55,432.83 lakhs and Rs.1,94,000.29 lakhs which is 97.50%, 95.31% and 99.01% of their total loans and advances as on such specific dates.

Muthoottu Mini, as on June 30, 2019, had a network of 767 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Delhi and Goa and the union territory of Puducherry


Muthoottu Mini Financiers Ltd NCD Lead Managers

Lead Managers
VIVRO FINANCIAL SERVICES PRIVATE LIMITED
607/608 Marathon Icon, Opp. Peninsula Corporate Park, Off.
Ganpatrao Kadam Marg, Veer Santaji Lane,
Lower Parel, Mumbai – 400 013
Telephone: +91 22 6666 8040/41/42;
Fax: +91 22 6666 8047
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.vivro.net
Contact Person/ Compliance Officer: Mr. Jayesh Vithlani
SEBI Registration No.: INM000010122
CIN: U67120GJ1996PTC029182

Muthoottu Mini NCD Debenture Trustee

Debenture Trustee
VISTRA ITCL (INDIA) LIMITED
The IL&FS Financial Center, Plot No. C – 22,
G Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051
Telephone: +91 22 2659 3333;
Fax: +91 22 2653 3297
Email: [email protected]
Website: www.vistraitcl.com
Investor Grievance Email: [email protected]
Contact Person: Mr. Jatin Chonani
SEBI Registration Number: IND000000578
CIN: U66020MH1995PLC095507

Muthoottu Mini NCD Registrar to offer

Registrar to the Offer
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park L.B.S. Marg
Vikhroli (West) Mumbai – 400 083
Maharashtra, India
Telephone: +91 22 4918 6200
Facsimile: +91 22 4918 6195
Email: [email protected]
Website: www.linkintime.co.in
Investor Grievance Email: [email protected]
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058

Muthoottu Mini Financiers Ltd NCD Ratings

The NCDs proposed to be issued under this Issue have been rated ‘CARE BBB-; Stable’ by CARE Ratings Limited for an amount of up to Rs15,000 lakhs vide its letter dated July 1, 2019.

Rating of the NCDs by CARE Ratings Limited indicate that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk.

The ratings provided by CARE Ratings Limited may be suspended, withdrawn or revised at any time by the assigning rating agency and should be evaluated independently of any other rating. These ratings are not a recommendation to buy, sell or hold securities and Investors should take their own decisions.


Muthoottu Mini Financiers Ltd NCD News

News 1 – RHP Prospectus [Download]


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