Muthoottu Mini Financiers NCD April 2022 Date, Rating & Interest Rates
Written by Lucky Wilson | KGTO Writer on April 20, 2022
Muthoottu Mini Financiers Ltd is an NBFC company based in Kerala, incorporated in 1998. They are in a gold loan business, providing money against the pledge of gold jewellery. Apart from the gold loan business they also offer depository participant services, money transfer services, insurance broking services, PAN card-related services, and travel agency services. They have over 3000 employees and over 750 branches in India. They also provide Mahila Loan for Empowering Women Entrepreneurs, Aas was Loan for Strengthening the Rural poor community, Easy EMI Loan for Customized solution for salaried customers, Online Gold Loan for giving the loan directly to customer’s account, and Prepay loan to pay interest upfront and to get interest free repayments.
Muthoottu Mini Financiers has a rating of CARE BBB+ by CARE Ratings Limited. Muthoottu Mini Financiers Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on 20 April 2022. Muthoottu Mini Financiers will offer 10.00% interest rates on the NCDs. The NCDs tenure is for 480 Days, 24, 36, 48, and 66 Months.
Muthoottu Mini Financiers NCD April 2022 Issue Details
| NCD Issue Open | 20 April 2022 |
| NCD Issue Close | 17 May 2022 |
| NCD Issue Size | Base: 125 Cr. | Shelf: 125 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 10.00% ** (Annually) |
| Minimum Investment | 10 Bonds (₹1,000) |
| Listing on | BSE Platform |
| Credit Rating | CARE BBB+ by CARE Ratings Limited |
| Tenor | 480 Days, 24, 36, 48 and 66 Months |
| Basis of Allotment | First Come First Serve Basis |
Muthoottu Mini Financiers NCD April 2022 Promoters
- Nizzy Mathew
- Mathew Muthoottu
How to Apply Muthoottu Mini Financiers NCD April 2022 Issue?
You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.
Muthoottu Mini Financiers NCD April 2022 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| I | 480 Days | Month | 8.00% | 8.30% |
| II | 24 Month | Month | 8.50% | 8.84% |
| III | 24 Month | Cumm | NA | 8.90% |
| IV | 36 Month | Month | NA | 9.25% |
| V | 48 Month | Month | 9.50% | 9.92% |
| VI | 66 Month | Cumm | NA | 10.00% |
Muthoottu Mini Financiers NCD April 2022 Lead Manager
- Vivro Financial Services Private Limited
Muthoottu Mini Financiers NCD April 2022 Allotment Status
- Muthoottu Mini Financiers NCD issue allotment available on Linkintime
Muthoottu Mini Financiers NCD April 2022 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Company Information
Muthoottu Mini Financiers Limited
65/623-K,
Muthoottu Royal Towers,
Kaloor, Kochi, Kerala – 682 017
Phone: +91 484 291 2100
Email: [email protected]
Website: https://www.muthoottumini.com/
Muthoottu Mini Financiers NCD April 2022 FAQs:
Muthoottu Mini Financiers NCD is to open on April 20 and close on May 17, 2022.
The company has fixed the price at ₹1000 per NCD.
The NCD issue size is ₹125 crores.
Muthoottu Mini Financiers NCD will list on BSE Platforms.
You can apply from your existing Demat account online and offline.
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