Muthoottu Mini Financiers has announced the public issue of 15 lakh Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1000 each for an amount aggregating up to Rs 150 crore.
The base size issue is Rs 100 crore, with an option to retain over-subscription up to an additional Rs 50 crore (Green Shoe Option) aggregating up to Rs 150 crore.
The issue is scheduled to open on 30 October 2024 and close on 13 November 2024, with an option of early closure or extension.
There are 7 series of NCDs carrying fixed coupons and having a tenure of 450 days, 26 months, 36 months, 48 months and 66 months with monthly and cumulative interest payment options.
An effective yield (per annum) for the NCD holders in all categories of investors ranges from 8.84% to 10.5%.
The NCDs issue has been rated Care A-Stable by Care Ratings.
The minimum application size for each application for NCDs would be Rs 10,000 across all series collectively and in multiples of Rs 1000 thereafter.
NCDs are proposed to be listed on BSE.