Muthoottu Mini Financiers Ltd announced on Monday that its 20th public issue of NCDs has been oversubscribed by 2.04 times of the base issue as on the issue closure date.
The issue, which opened on August 18, had a base size of ₹200 crore with a green shoe option of ₹100 crore, aggregating to ₹300 crore. Strong demand from investors across categories led to oversubscription within days of opening, reflecting investor confidence in the company’s business model, robust financial performance, and consistent track record, said a press release.
strong response
PE Mathai, Chief Executive Officer, Muthoottu Mini Financiers Ltd., “The strong response to our NCD issue highlights the confidence investors have in our robust business model and disciplined approach to growth. This capital infusion will further strengthen our lending capabilities and support our mission of offering simple, transparent, and customer-centric financial solutions across our expanding network”.