Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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MMFL is a RBI registered NBFC and having headquartered in the state of Kerala and belongs to the Muthoottu Mini Group. The operations at Kozhencherry, district Pathanamthtta, Kerala and has over two decades of established history in the money lending business, mainly in small scale money lending against used household gold jewellery. It has been in the gold loan financing since 1986 and the Company has been extending Gold Loans since 2006.
They are a non deposit taking systemically important NBFC in the Gold Loan sector lending money against the pledge of used household gold jewellery in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Goa, Haryana and Maharashtra. They also provide short-term personal loans primarily to individual customers who require immediate availability of funds.
| Issue Open | February 24, 2015 - March 25, 2015 |
| Security Name | Muthoottu Mini Financiers Limited |
| Security Type | |
| Issue Size (Base) | Rs 250.00 Crores |
| Issue Size (Shelf) | Rs [.] Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 10 NCD |
| Listing At | BSE |
| Credit Rating | |
| Tenor | |
| Series | |
| Payment Frequency | |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 0% |
| Category 2 | 0% |
| Category 3 | 0% |
The funds raised through this Issue will be utilised for:
1. For the purpose of onward lending and for repayment of interest and principal of existing loans; and
2. General Corporate Purposes;
This offer is graded Ind RA BB+ indicating moderate risk of default regarding timely servicing of financial obligations.
The company has offered seven options under this offer that has tenure ranging 500 days, 36 months, 42 months and 68 months. The coupon rate ranging between 11.50% to 12% and existing debenture holders, ex-servicemen and Senior Citizens are offer 0.25% extra. Yield ranges from 11.75% to 13.01% depending on the choice of tenure and interest payment options as Monthly, Annual and Cumulative. Although this issue is available in demat as well as physical mode, trading will take place only in demat mode.
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Muthoottu Mini Financiers Limited
994, Muthoottu Buildings,
Kozhencherry,
Pathanamthitta - 689 641
Phone: +91 4682314391, 2279258
Email: cs@minimuthoottu.com
Website: http://www.minimuthoottu.com
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: mmfl.ncd3@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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