April 14, 2025
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Muthoottu Mini Financiers NCD April 2025 Details & Guidance
NCD Issue Opens on 23 April 2025
NCD Issue Closes on 7 May 2025
# NCD Guidance is given at the bottom of the post
About the Company:
Muthoottu Mini Financiers Limited is a non-deposit taking, systemically important Non-Banking Financial Company – Middle Layer (NBFC-ML), primarily engaged in the gold loan sector. The company offers loans against the pledge of household gold ornaments and operates extensively across multiple Indian states, including Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Gujarat, Delhi, Uttar Pradesh, and Goa, as well as the Union Territory of Puducherry.
In addition to its core gold loan business, Muthoottu Mini also operates a microfinance division, which provides unsecured loans to women borrowers organized in Joint Liability Groups (JLGs), typically comprising a minimum of five members. These loans are primarily aimed at supporting income-generating activities and promoting financial inclusion among underserved communities.
As of September 30, 2024, the company maintained a strong physical presence with a network of 920 branches across the aforementioned regions and employed a workforce of 4,672 individuals, enabling it to serve a diverse customer base with a focus on accessibility and community engagement.
Get more details about the company @ http://www.muthoottumini.com/
NCD Promoter:
Nizzy Mathew and Mathew Muthoottu are the company’s promoters.
NCD Rating
The NCDs proposed to be issued under the Issue have been rated CARE A Stable (pronounced as Single A with Stable outlook) by CARE Ratings Limited (CARE Ratings).
| Muthoottu Mini Financiers NCD April 2025 Detail | |
| Issue Open | April 23, 2025 to May 7, 2025 |
| Security Name | Muthoottu Mini Financiers Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Oversubscription) | Rs 100.00 Crores |
| Overall Issue Size | Rs 200.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | CARE A Stable by CARE Ratings Limited. |
| Tenor | 18, 24, 36 , 48 and 60 Months |
| Series | Series I to VI |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Mitcon Credentia Trusteeship Services Limited |
| NCD Allocation Ratio | |
| Category ? | NCD’s Allocated |
| Institutional | 20% |
| Non-Institutional | 40% |
| Retail | 40% |
| Muthoottu Mini Financiers Limited NCD Coupon Rates | ||||||
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 |
| Frequency of Interest Payment | Cumulative | Monthly | Monthly | Monthly | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 18 Months | 24 Months | 36 Months | 36 Months | 48 Months | 60 Months |
| Coupon (% per Annum) | NA | 9.50% | 10% | 10.25% | 10.50% | 10.75% |
| Effective Yield (% per Annum) | 9.26% | 9.92% | 10.47% | 10.75% | 11.02% | 10.75% |
| Amount on Maturity (In Rs.) | Rs 1,142 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 |
Muthoottu Mini Financiers NCD April 2025 Details & Guidance
Objects of the Issue
The Company proposes to utilize the funds which are being raised through the Issue, after deducting the Issue-related expenses to the extent payable by the Company (“ Net Proceeds”), towards funding the following objects (collectively, referred to herein as the “ Objects”)
- For onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the Company; and
2. General corporate purposes
.
Muthoottu Mini Financiers Financial Information (Restated)
| Company Financials | ||||
| Muthoottu Mini Financiers Limited Financial Information (Restated) | ||||
| Period Ended | 31.12.2024 | 31.03.24 | 31.03.23 | 31.0.22 |
| Assets | 46,470.22 | 4,315.58 | 3,858.13 | 3,230.80 |
| Revenue | 203.57 | 671.84 | 430.25 | 430.25 |
| Profit After Tax | 74.66 | 77.83 | 67.28 | 46.29 |
| Net Worth | 752.65 | 685.78 | 607.02 | 540.08 |
| Amount in Rs Crore | ||||
Address of the Company
Muthoottu Mini Financiers Limited
65/623-K,
Muthoottu Royal Towers,
Kaloor, Kochi, Kerala – 682017
NCD Lead Managers
Vivro Financial Services Private Limited
NCD Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Muthoottu Mini Financiers NCD April 2025
Subscription Status on April 23, 2025
| Category | Subscription |
| Retail | 0.00 T |
| HNI | 0.00 T |
| Non-Institutional | 0.00 T |
| Institutional | 0.00 T |
| Total | 0.00 T |
Muthoottu Mini Financiers NCD April 2025
Muthoottu Mini Financiers NCD April 2025 Guidance:
1. Muthoottu Mini Financiers Limited is a non-deposit taking, systemically important Non-Banking Financial Company – Middle Layer (NBFC-ML), primarily engaged in the gold loan sector.
2. As of September 30, 2024, the company maintained a strong physical presence with a network of 920 branches across the aforementioned regions and employed a workforce of 4,672 individuals, enabling it to serve a diverse customer base with a focus on accessibility and community engagement.
3.The NCDs proposed to be issued under the Issue have been rated CARE A Stable
4. The company has strong profitability.
5. The interest rates are attractive.
Small investment in this NCD is recommended.
