Loading...
Guest User
Welcome! Please login.
| Issue Size (Base) | ₹100.00Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE |
| Tenor | 18, 24, 36 , 48 and 60 Months |
| Credit Rating | ICRA A [Stable] by IRCA Limited. |
| Series | Series I to VI |
| Payment Frequency | Monthly, Annual and Cumulative |
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,647.02 | 4,315.58 | 3,858.13 | 3,230.8 |
| 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 ₹ Crore | ||||
Nizzy Mathew and Mathew Muthoottu are the company's promoters.
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”)
| # | Issue Objects |
|---|---|
| 1 | For onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the Company; and |
| 2 | General corporate purposes |
| 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 | 48 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | NA | 9.5% | 10% | 10.25% | 10.5% | 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 |
The NCDs proposed to be issued under the Issue have been rated IRCA A [Stable] (pronounced as Single A with Stable outlook) by ICRA Limited.
Muthoot Mini Financiers is a non-banking-financial-company - Middle Layer (NBFC - ML) in the gold loan segment. The company offers loan against the pledge of gold jewellery in the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, Maharashtra, Haryana, Gujarat, Delhi, Uttar Pradesh, Goa and Puducherry.
Its gold loan customers are primarily from rural and semi-urban areas. As of Dec 31, 2024, it has a gold loan portfolio of 3,51,650.71 lakh, whih is 92.15% of the total loans and advances.
Further, it also offers microfinance loans, unsecured loans to joina liability group of women customers (minimum 5). Additionally, it offer depository participant services, money transfer services, insurance agent services, PAN card related services and travel agency services.
As of December 31, 2024, it has 921 branches all over the country.
