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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 | September 29, 2014 - October 28, 2014 |
| Security Name | Muthoottu Mini Financiers Limited |
| Security Type | |
| Issue Size (Base) | Rs 150.00 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;
The Secured and Unsecured NCDs proposed to be issued under this Issue have been rated 'BB+' [Double B Plus] by IND-RA. The rating of Secured and the Unsecured NCDs by IND-RA indicates instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
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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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