NCD Issue Muthoottu Mini – Oct 2014
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.[wptabs mode=”horizontal”] [wptabtitle] Product Note[/wptabtitle] [wptabcontent]
Muthoottu Mini NCD Issue Highlights
|Issuer||Muthoottu Mini Financiers Ltd|
|Type of Instrument||Secured Redeemable, NCD & Unsecured NCD|
|Issue Open||29 Sep 2014|
|Issue Close||28 Oct 2014 (with option of early closure or extension)|
|Issue Size||150 Cr. with option to retain over subscription 150 Cr. Total Issue 300 Cr.|
|Face Value||Rs. 1,000|
|Min. Application Size||10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)|
|Interest||Monthly, Annually & Cumulative|
|Mode of Allotment||D'mat as well as Physical Form|
Specific Term of Issue
|Tenor||500 Days||500 Days||36 month (3 yrs)||36 month (3 yrs)||39 month||66 month|
|Base Coupon -||12.00%||NA||12.50%||13.00%||NA||NA|
- 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[/wptabcontent] [wptabtitle] About Issue[/wptabtitle] [wptabcontent]
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.[/wptabcontent]
[wptabtitle] Download Form[/wptabtitle] [wptabcontent]
Call Rajendra 7719917444[/wptabcontent] [wptabtitle] Listing[/wptabtitle]
For any query , Kindly Write to us at
Call Rajendra 7719917444[/wptabcontent] [/wptabs]