This entry is part 1 of 2 in the series Muthoottu Mini

Muthoottu Mini Financiers Ltd launched Public Issue of  NCD of  Rs. 1000 each from 29 Sep 2014 and issue close on 28 Oct 2014.

Allotment is on First Come First Serve Basis.

 Product Note

Muthoottu Mini NCD Issue Highlights

IssuerMuthoottu Mini Financiers Ltd
Type of InstrumentSecured Redeemable, NCD & Unsecured NCD
Issue Open29 Sep 2014
Issue Close28 Oct 2014 (with option of early closure or extension)
Issue Size150 Cr. with option to retain over subscription 150 Cr. Total Issue 300 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
RatingBB+ IND-RA
ListingBSE

Specific Term of Issue

OptionsIIIIIIIVVVI
Tenor500 Days500 Days36 month (3 yrs)36 month (3 yrs)39 month 66 month
Base Coupon -12.00%NA12.50%13.00%NANA
Face Value100010001000100010001000
Interest PaymentMonthlyCumulativeMonthyAnnual CumulativeCumulative
Effective Yield12.68%12.50%13.24%13.00%13.29%13.43%
SecuredSecuredSecuredSecuredSecuredUnSecured
Maturity100011751000100015002000
Additional Coupon*0.25%0.25%0.25%0.25%0.25%0.25%
Yield *12.96%12.75%13.52%13.25%13.29%13.43%
  • Additional 0.25% Interest for Existing NCD Holders, Ex-Serviceman & Senior Citizens
  • No security will be created for Unsecured NCD’s in the nature of Subordinated Debt

 

 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 tookMuthoottu 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.

Mr. Roy M Mathew is the Group Chairman and the other Directors are his wife Mrs. Nizzy Mathew and his son Mr. Mathew Muthoottu.

 

Download Form

     rajendra@puneinvest.com or

                          Call Rajendra 7719917444

Listing

For any query , Kindly Write to us at

                       rajendra@puneinvest.com or

                          Call Rajendra 7719917444