Muthoottu Mini Financiers Ltd is coming out with a public issue of Secured, Redeemable, Non Convertible Debentures (NCDs) of face value of Rs. 1000 each for an amount of Rs. 100 Cr. The Issue is open for subscription on 4 Nov 2020 and closes on 18 Nov 2020.
Muthoottu Financiers Ltd NCD Issue Highlights
|Issuer||Muthoottu Mini Financiers Ltd|
|Nature of Instrument||Secured Redeemable NCD|
|Mode of Issue||Public Issue|
|Issue Open||04 Nov 2020|
|Issue Close||18 Oct 2020|
|Depositories||CDSL / NSDL|
|Registrar||Link Intime India Pvt Ltd|
|Issue Size||100 Cr|
|Min Application Size||10,000|
|Credit Rating||IND BBB|
|Trading Mode||D'mat form only|
Specific Term of Issue
|Period||480 Days||24 Month||24 Month||36 Month||50 Month||60 Month||85 Month|
The funds raised through this issue will be utilised by the Muthoottu Mini Financiers for various financing activities including lending , financing and for repay payment / prepayment of principal and interest on borrowing of the company and other general corporate purposes.
Muthoottu Mini Financiers Ltd is a non deposit taking NBFC in the gold loan sector lending money against pledge of household gold jewelley. Also have micro finance loan segment wherein provide unsecure loans to joint liability group of women customer.
Muthoottu Mini Financiers Ltd NCD – Registrar & Allotment Link
Registrar – Link Intime India Pvt Ltd – allotment link