Muthoottu Mini Financiers Ltd Ncd Details

By Author: dariya hussain
Total Articles: 349
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Muthoottu Mini Financiers Ltd NCD period from June 3 to June 26, 2020:

The Muthoottu Mini Financiers Limited implanted in 1998 in Kerala. It is a non-store taking deliberately significant non-banking money related organization. The organization fundamentally engaged with the gold loan sector. It additionally expanded its system in Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Delhi, and Goa. The organization has 767 branches with 3,141 representatives in India.

NCD Details:

Offer Period 3rd June to 26th June 2020

Security Name Muthoottu Mini Financiers Ltd

Security Type Secured, Redeemable, Non-convertible Debentures (Secured NCDs)

Issue Size (Base) Rs 100 Cr

Issue Size (Shelf) Rs 200 Cr

Issue Price Rs 1000 Per NCD

Face Value Rs 1000 Each NCD

Least Lot Size 10 NCD

Market Lot 1 NCD

Posting At BSE

Credit Rating CARE BBB-/Stable

Tenor 480 days, two years, three years, 50 months, 60 months, 85 months

Series Series I to VII

Installment Frequency Monthly and Cumulative

Premise ...
... of Allotment First Come First Seve Basis

Muthoottu Mini Finance Limited intends to raise a base issue size of Rs 100 cr. At first, every speculator needs to contribute at least 5 NCDs with a market parcel of 1 NCD. The presumptive worth of this reserve is Rs 1,000 for each NCD. It additionally gives diverse loan fees and residencies of 480 days, two years, three years, 50 months, 60 months, and 85 months.

Muthoottu Mini Financiers Limited Coupon Rates:

Arrangement Frequency Tenure Coupon Rate Maturity Amount

I Monthly 480 Days 9.50% Rs 1,000

II Monthly 24 Months 9.75% Rs 1,000

III Cumulative 24 Months NA Rs 1,205

IV Monthly 36 Months 10.00% Rs 1,000

V Cumulative 50 Months NA Rs 1,500

VI Monthly 60 Months 10.50% Rs 1,000

VII Cumulative 85 Months NA Rs 2,000

The Muthoottu distributed 1,00,000 NCD's from that it dispensed 100,00 0 NCD's for QIB. Thus, it apportioned 400,000 and 500,000 NCDs for NIIs and HNIs separately. The Care Rating Agency evaluated as Care BBB-/Stable. It will be recorded on the Bombay Stock Exchange (BSE).

Disclaimer: This article gives data about the plan. It doesn't offer any guidance or proposal. If it's not too much trouble counsel your monetary consultant before contributing.