This entry is part 2 of 2 in the series NCD 2015-16

Muthoottu Mini Financiers Ltd launched Public Issue of secure and unsecured redeemable non-convertible Debentures of 125 crores with an option to retain over subscription upto 125 crores aggregating to 250 crores Issue open from 28 Dec. 2015 and issue close on 27 Jan 2016

 Product Note

Muthoottu Mini NCD Issue Highlights

IssuerMuthoottu Mini Financiers Ltd
Type of InstrumentSecured Redeemable, NCD & Unsecured NCD
Issue Open28 Dec 2015
Issue Close27 Jan 2016
Issue Size250 Cr.
Face ValueRs. 1,000
Min. Application Size10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)
Interest Monthly, Annually & Cumulative
Mode of AllotmentD'mat as well as Physical Form
RatingIND-BBB
ListingBSE

Specific Term of Issue

OptionsIIIIIIIVVVIVII
Tenor500 Days500 Days36 month (3 yrs)36 month (3 yrs)50 month 78 month 78
Base Coupon -10.25%NA10.25%10.50%NA10.50%NA
Face Value1000100010001000100010001000
Interest PaymentMonthlyCumulativeMonthyAnnual CumulativeMonthlyCumulative
Coupon for Existing NCD Holder, sr. citizen10.50%NA10.50%10.75%NA10.75%NA
SecuredSecuredSecuredSecuredSecuredUnSecuredUnSecured
Maturity10001144.6310001000150010001000
Coupon for Existing NCD Holder, sr. citizen10001148.1910001000150010002000

 

 Cheque Details :

Cheque / DD should be drawn in favour of  “MMFL -NCD Escrow Account   “ by all applicant

About Issue

About Company

Established in 1921 in Kozhencherry, Pathanamthitta, Kerala by Sri. M Mathew, Muthoottu Mini , was initially a small firm engaged in financing and in Chit Fund business. Subsequently, the promoters applied their sound banking experience, and took Muthoottu Mini into the corporate arena. This arm of the Group has since built an impressive level of business and made for itself a reputation for reliability in private banking circles throughout Kerala, Tamil Nadu,Karnataka,Andhra Pradesh, Goa ,Delhi,Haryana and Maharashtra.

The Group now comprises companies engaged in Financing, construction of own building, I T Park, Joint venture with Banyan Tree Hotels, SEPZ for I T, Smart City, Plantation and Chain of Theatres. The corporate image of the group has been meticulously built and developed since beginning. The group members conduct their business through a network of branches established in Kerala, Tamil Nadu,Karnataka,Andhra Pradesh, Goa ,Delhi,Haryana and Maharashtra.

The astuteness and acumen with which this group has been conducting its business since as far back as 1921, undeniably demonstrates its resilience to hold out, and to emerge stronger after each bend in its journey.

Industries Scenario

  • South India remains the key market as demand for Gold is skewed towards southern states.
  • Over the longer term, however, enhanced transparency envisaged by the guidelines with strengthen the confidence of stackholders in the sector.
  • Gold is an idle asset in the hands of individuals and there is a huge locked economic value in the Indian economy, which is said to have anywhere between 18000 to 20000 tonnes of gold. Just a small fraction of about three per cent of this idle gold stock is being used for raising gold loans, at present.

Subscription

Muthoottu Mini Subscription data

Cat ICat IICat IIICat IVTotal
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Listing

Muthoottu Mini Financiers Ltd Allotment & Listing details

For any query , Kindly Write to us at

                       rajendra@puneinvest.com or

                          Call Rajendra 7719917444

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