Muthoottu Mini Financiers NCD Issue March 2019 – Date, Prospectus

Muthoottu Mini Financiers Limited, a Kerala based NBFC, is issuing NCD (Non-Convertible Debentures) in the public issue to raise a capital of Rs 10,000 lakhs. The Muthoottu Mini Financiers NCD will be issued from 18th March 2019 to 16th April 2019 price of Rs 1,000 per NCD. The debentures will be allotted on a first come first get basis. The allotted NCDs will be listed on BSE for further trading.

Company Details

Muthoottu Mini Financiers Limited was incorporated in the year 1998 in Kerala. It is a non-deposit taking systematically important Non-Banking Financial Company (ND-SI-NBFC) registered with Reserve Bank of India. The company primarily focuses on lending in the gold loan sector and here it lends money against the pledge of household gold jewellery. It operates in the states of Kerala, Tamilnadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharastra, Delhi, Goa and Pondicherry.

Muthoottu Mini Financiers Limited operates its business from 767 branches and with a workforce of 2,905 employees. The company is promoted by Nizzy Mathew and Mathew Muthoottu. As on 30th September 2018, the net worth of the company stands at Rs 43,319.15 lakhs.

Muthoottu Mini Financiers NCD – Issue Details
Issue Type Secured Redeemable Non-Convertible Debentures
Issuer Company Muthoottu Mini Financiers Limited
Issue Opens 18th March 2019
Issue Closes 16th April 2019
Coupon Rate (ROI) Up to 9.75%
Face Value Rs 1,000
Issue Price Rs 1,000
Minimum Order Quantity 10 NCD 
Issue Size Rs 10,000 lakhs
Listing  BSE
Muthoottu Mini Financiers NCD – Objects of the Issue

The following are the objectives of the NCD Issue:-

  1. Onward lending
  2. Repayment of interest and principal of existing loans
  3. General corporate purpose
Muthoottu Mini Financiers NCD – Rating

India Ratings and Research Private Limited as given IND BBB- / (Outlook) Stable rating.

Muthoottu Mini Financiers Limited – Compay Contact Details

Address:- 2/994, Muthoottu Buildings, Kozhencherry, Pathanamthitta, Kerala – 689641.

Telephone: +91-468-2314391

Website: www.muthoottumini.com

Muthoottu Mini Financiers NCD – Lead Managers to the Issue

The lead manager to this upcoming NCD Issue in 2019 is Vivro Financial Services Private Limited.

Muthoottu Mini Financiers NCD – Registrar to the Issue

The registrar to this upcoming NCD Issue in 2019 is Link Intime India Private Limited.

Muthoottu Mini Financiers Limited NCD – Debenture Trustee

The Debenture Trustee of Muthoottu Mini Financiers Limited Non-Convertible Debentures is VISTRA ITCL(Ind.) Ltd.

Muthoottu Mini Financiers Limited NCD – Prospectus.

Please click here to read the draft prospectus of Muthoottu Mini Financiers Limited Non-Convertible Debentures Issue.

Eligible Investors for the Upcoming NCD Issue

According to the company, the following are eligible to apply this upcoming NCD Issue in 2019:-

  1. Category I Investors: These are the institutional investors such as scheduled commercial banks, public financial institutions etc.
  2. Category II Investors: Under this category, non-institutional investors including corporates, societies, cooperative banks, trusts etc are considered.
  3. Category II Investors:  Investors in these categories are known as High Net-Worth Individuals which include resident Indian individuals, HUFs, etc.
  4. Category IV Investors: This category of investors is known as retail individual investors.

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions. 

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Tags: Debenture, Upcoming NCD Issues 2019, Muthoottu Mini Financiers NCD 2019


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