MUTHOOTTU MINI FINANCIERS LTD

BondsIndia

Opening Date

18 Aug 2025

Closing Date

22 Aug 2025

Yield

UPTO 10.74%

Tenure

UPTO 60 MONTHS

BondsIndia
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MUTHOOTTU MINI FINANCIERS LTD

Ongoing IPO

MUTHOOTTU MINI FINANCIERS LTD

Opening Date
18 Aug 2025

BondsIndia

Closing Date
22 Aug 2025

bondsindia

Time to close

Yield
UPTO 10.74%

Tenure
UPTO 60 MONTHS

IPO Details

IPO Details

Issue Size (Including Green Shoe Option) 300
Face Value1000
CouponUPTO 10.50%
Minimum Number of Bonds10
Lot Size (Multiplier)1
Allotment Date (Tentative)29 Aug 2025
Listing Date (Tentative)1 Sep 2025
Exchange Bid Time (24 Hours)10:00 to 17:00

Documents attached

Information Memorandum
BondsIndia
Product Note
BondsIndia

*Allotment on first come first serve basis

 

ISSUE STRUCTURE

Series
I
II
III
IV
V
Nature Of NCDs
Secured Redeemable Non-Convertible Debentures
Who Can Apply
Everyone
Tenure
18 Months
24 Months
36 Months
60 Months
60 Months
Frequency of Interest payment
MONTHLY
MONTHLY
MONTHLY
MONTHLY
YEARLY
Best Coupon Rate (% p.a.) for:
Category 1
9.00 %
9.25 %
9.75 %
10.25 %
10.50 %
Category 2
9.00 %
9.25 %
9.75 %
10.25 %
10.50 %
Category 3
9.00 %
9.25 %
9.75 %
10.25 %
10.50 %
Category 4
9.00 %
9.25 %
9.75 %
10.25 %
10.50 %
Effective Yield (% p.a.) for:
Category 1
9.38 %
9.65 %
10.19 %
10.74 %
10.49 %
Category 2
9.38 %
9.65 %
10.19 %
10.74 %
10.49 %
Category 3
9.38 %
9.65 %
10.19 %
10.74 %
10.49 %
Category 4
9.38 %
9.65 %
10.19 %
10.74 %
10.49 %

How to invest in the MUTHOOTTU MINI FINANCIERS LTD IPO?

Application process on BondsIndia platform is simple and seamless.

Click on the details of the company on the home page

Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank and Demat details

Then, confirm the quantity and price and select payment method.

That's all folks , bidding complete!

Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.

Why choose BondsIndia?

BondsIndia is an online platform for fixed-income securities such as IPOs, bonds, 54EC bonds, and fixed deposits. With a cumulative pedigree of 50+ years in the bond market, we aim to democratize the market for common investors by stationing detailed insights, expert advice, and keeping a close watch on the market sentiment. BondsIndia brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.

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Place your bid in three simple steps:

1

Key in Basic Details

2

Choose the IPO Series

3

Place the bid

How to invest in the
MUTHOOTTU MINI FINANCIERS LTD IPO?

Application process on BondsIndia platform is simple and seamless.

  • Click on the details of the company on the home page
  • Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank, and Demat details
  • Then, confirm the quantity and price and select a payment method.
  • That's all folks, bidding complete!

Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.

Gold loan portfolio as on March 31, 2025 comprises of 6,13,863 gold loan accounts. The Gold Loan product mix varies from 60 days up $$to 720 days tenure with varying rates of interest and amount of loan to suit the requirements of the customers. For the Fiscal 2025, the yield on Gold Loan assets was 19.06%.$$. Muthoottu Mini Financiers Limited (MMFL) is an RBI registered non-deposit taking NBFC-ML in the gold loan sector lending money against the pledge of household gold jewellery (u201cGold Loansu201d) in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Gujarat, Uttar Pradesh and Goa and the union territory of Puducherry and Delhi and is presently controlled by Mathew Muthoottu, son of Roy M. Mathew.

Gold loan portfolio as on March 31, 2025 comprises of 6,13,863 gold loan accounts. The Gold Loan product mix varies from 60 days up to 720 days tenure with varying rates of interest and amount of loan to suit the requirements of the customers. For the Fiscal 2025, the yield on Gold Loan assets was 19.06%.

Long track record of operations

The Muthoottu Group has a track record of more than six decades in the gold loan business. MMFL, the flagship company of the Group, was established in 1998. As such, the promoters have a long-standing track record in the business. The senior management is also experienced and handles the day-to-day operations of the company.

Comfortable asset quality

MMFLs asset quality has remained healthy over the last few years; its gross stage 3 was at a healthy level of 0.9% as of March 2024. The company gold loan portfolio mainly consists of loans with tenors of 6-9 months. It carries out the auction of pledged gold after following the due processes if the borrowers fail to repay the loans.

Adequate capitalisation profile

MMFLs leverage has remained range-bound over the last few years; its gearing stood at 4.9x as of December 2024 (5.1x as of March 2024) vis-u00e0-vis 5.1x in FY2023 with internal accruals largely supporting portfolio growth. Its capital adequacy ratio was adequate at 23.5% as of December 2024 (Tier I capital of 17.5%) vis-vis 23.9% as of March 2024 (Tier I capital of 16.9%).

Moderate scale; highly competitive gold loan business

The company portfolio grew by 8.0% in FY2024 vis-u00e0-vis 30.6% in FY2023; the growth in 9M FY2025 was also moderate at 8.3%. The slower growth witnessed in the recent past was due to the shifting of the focus towards lower-ticket loans. MMFL loan portfolio stood at Rs. 3,816.2 crore as of December 2024.

Geographically concentrated operations

MMFL portfolio is significantly concentrated in southern India. As of December 2024, Tamil Nadu was the top contributing state with a 33.3% share in the total portfolio. South India (Tamil Nadu, Kerala, Karnataka, Andhra Pradesh and Telangana) contributed 95.4% to the portfolio. Going forward, the company is expected to steadily expand its presence in North and West India. However, the ramp-up of the portfolio in these locations would be gradual over the medium term.

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