Muthoottu Mini Financiers has launched a ₹200 crore secured NCD public issue offering up to 10.75% annual interest, open for subscription until May 7, 2025.
Kochi: Muthoottu Mini Financiers has launched a public issue of secured, non-convertible debentures (NCDs) with a total value of ₹200 crore, each with a face value of ₹1,000. The offering includes a base issue of ₹100 crore, with an option to retain oversubscription up to an additional ₹100 crore, according to company officials. The NCD issue, which opened on April 23, will remain open until May 7, unless closed earlier as per the terms of the offer. The debentures will be listed on the Bombay Stock Exchange (BSE).
Investors can choose from various tenure options—18, 24, 36, 48, and 60 months—with interest rates ranging from 9.50% to 10.75% per annum, depending on the selected series and tenure. These NCDs have been rated ICRA A (Stable) by ICRA, indicating adequate credit quality. As of December 31, 2024, Muthoottu Mini Financiers operates 921 branches and employs 5,335 staff across 10 states and the Union Territories of Delhi and Puducherry.
