The Muthoottu Mini Financiers Ltd. installed in 1998. It is a non-store taking the non-banking monetary organization. The organization mostly associated with individual and business advances. The NCD membership period began on September ninth and it will end on october sixth, 2020.
NCD Details:
Offer Period 9th September to sixth October 2020
Security Name Muthoottu Mini Financiers Ltd.
Security Type Secured, Redeemable, Non-Convertable Debentures
Issue Size (Base) Rs.100 Cr
Issue Size (Shelf) Rs. 100 Cr
Issue Price Rs. 1,000 for every NCD
Face Value Rs. 10 for every each NCD
Least Lot Size 10 NCD
Market Lot 1 NCD
Posting At BSE
Creadit Rating IND BBB (standpoint Stable) by India Ratings
Tenor 24, 36 ,50 ,60 ,85 months and 480 days
Muthoottu Mini Financiers Limited intends to raise a base issue size of Rs. 100 cr. At first, every financial specialist needs to contribute at least 10 NCDs with a market parcel of 1 NCD. The assumed worth of this store is Rs. 1,000 for each NCD. It additionally gives distinctive loan costs and residencies of two years, three years, 60 months.
Muthoottu Mini Financiers Ltd. Coupon Rates:
Series 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 Mini Financiers allocated 10,00,000 NCD's from that it distributed 1,00,000 NCD's for QIB. So also, it apportioned 4,00,000 and 5,00,000 NCDs for NIIs and HNIs separately. The Indian Rating Agency evaluated the NCD as IND BBB (Outlook 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 suggestion. If it's not too much trouble counsel your money related consultant before contributing.
