Opening Date
18 Aug 2025
Closing Date
22 Aug 2025
Yield
UPTO 10.74%
Tenure
UPTO 60 MONTHS
Ongoing IPO
Opening Date
18 Aug 2025
Closing Date
22 Aug 2025
Time to close
Yield
UPTO 10.74%
Tenure
UPTO 60 MONTHS
Issue Size (Including Green Shoe Option) | 300 | ||
Face Value | 1000 | ||
Coupon | UPTO 10.50% | ||
Minimum Number of Bonds | 10 | ||
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
*Allotment on first come first serve basis
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 % |
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.
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.
BondsIndia ditches the traditional ways of investing by offering a Technology based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose BondsIndia for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for Edelweiss Financial Services Limited IPO on BondsIndia's website.
Place your bid in three simple steps:
Key in Basic Details
Choose the IPO Series
Place the bid
Application process on BondsIndia platform is simple and seamless.
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.
Running out of
time? Loop!