DIRECT
DIRECT
ASBA APPLICATION
FORM
ISSUE OPENS ON : MONDAY, MAY 06, 2024
ISSUE CLOSES ON : FRIDAY, MAY 17, 2024
MUTHOOT MERCANTILE LIMITED
“IND BBB/STABLE BY INDIA RATINGS & RESEARCH PRIVATE LIMITED”)
Application
Form No.
40301224
PLEASE FILL IN BLOCK LETTERSTEAR HERE
TEAR HERE
PUBLIC ISSUE OF SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE ` 1,000/- EACH (“NCDs”) VIDE THE PROSPECTUS DATED MAY 02, 2024
I/we hereby conrm that I/We have read and understood the terms and conditions of this Application Form and the attached Abridged Prospectus and agree to the ‘Applicant’s Undertaking’ as
given overleaf. I/we hereby conrm that I/we have read the instructions for lling up the Application Form given overleaf.
LEAD MANAGER/LEAD BROKERS/
STAMP & CODE
BROKER/AGENTS
STAMP & CODE
TRADING MEMBERS/SUB BROKER/
CRTA/CDP/SCSB STAMP & CODE
SCSB BRANCH STAMP
& CODE
SCSB BRANCH
SERIAL NO.
DATE OF RECEIPT
1. APPLICANT’S DETAILS - PLEASE FILL IN BLOCK LETTERS (Please refer to Page 12 of the Abridged Prospectus)
First Applicant
(Mr./ Ms./M/s.)
Date of Birth
D D M M Y Y Y Y
Name of Guardian
(if Applicant is minor) (Mr./ Ms.)
Address __________________________________________________________________________________________________________________________
Pin Code
(Compulsory)
__________________ Tel. No.
(with STD code)
/ Mobile _____________________ Email _____________________________________________
Second Applicant
(Mr./ Ms./M/s.)
Third Applicant
(Mr./ Ms./M/s.)
DPID / CLID PAN
Acknowledgement Slip for Lead Manager/ Lead Brokers/
Applicant/ Brokers/ Trading Members/ SCSB(s)/ CRTA/ CDP
Application
Form No.
40301224
Option
I II III IV V
VI VII VIII IX X XI
Face Value / Issue Price (
`
/NCD)
`
1,000/-
No. of NCDs applied for
Amount Payable
(
`
)
Grand Total
(
`
)
Total No. of NCDs
Total Amount Payable (`)
Date Stamp & Signature of Lead Manager /
Lead Brokers/ Brokers / Trading Members /
SCSB(s) / CRTA/ CDP
Acknowledgment is subject to realisation
of Availability of Funds in the ASBA account.
Name of Sole/First Applicant (Mr./ Ms./ M/s.):
______________________________________
Application
Form No.
40301224
APPLICATION FORM
(FOR RESIDENT APPLICANTS)
**For details of Early Closure or extension of the Issue refer to page 4 of the Abridged Prospectus
While submitting the Application Form, the Applicant should ensure that the date stamp being put on the Application Form by the Lead Manager/ Lead Brokers/ Brokers/ Trading Members/ SCSB(s)/
CRTA/ CDP matches with the date stamp on the Acknowledgement Slip. Application submitted without being uploaded on the terminals of the Stock Exchange will be rejected.
-----------------------------------------------------------------------------------------------------TEAR HERE----------------------------------------------------------------------------------------------------
Note: The Company would allot Option I NCDs to all valid applications, wherein the applicants have not indicated their choice of the relevant options of the NCDs.
5A. PAN & SIGNATURE OF
SOLE/ FIRST APPLICANT
5B. PAN & SIGNATURE OF
SECOND APPLICANT
5C. PAN & SIGNATURE OF
THIRD APPLICANT
PAN PAN PAN
5D. SIGNATURE OF ASBA BANK ACCOUNT
HOLDER(s) (AS PER BANK RECORDS)
I/We authorize the SCSB to do all acts as are
necessary to make the Application in the Issue
1
2
3
Date: ______________
Furnishing of PAN of the Applicant is mandatory, including Minor’s PAN in case of Application by Minor,
Please refer page 14 of the Abridged Prospectus.
PUBLIC ISSUE OF SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE ` 1,000/- EACH (“NCDs”) VIDE THE PROSPECTUS DATED MAY 02, 2024
ASBA Bank A/c No. / UPI ID ____________________________________ Dated ________________________
Name of Bank & Branch ___________________________________________________________________
3.
PLEASE PROVIDE APPLICANT’S DEPOSITORY DETAILS
(Please refer to Page 12 of the Abridged Prospectus) For NSDL enter 8 digit DP ID followed by 8 digit Client ID / For CDSL enter 16 digit Client ID
NSDL / CDSL
MUTHOOT MERCANTILE LIMITED
MUTHOOT MERCANTILE LIMITED
-----------------------------------------------------------------------------------------------------TEAR HERE----------------------------------------------------------------------------------------------------
Amount Paid (` in gures)
Bank & Branch
ASBA Bank A/c No. / UPI ID Dated
Received from Mr./Ms./M/s.
Telephone/Mobile Email
2. Investor Category (Please refer overleaf)
Category I Category II Category III Sub Category Code (Please see overleaf)
All future communication in connection with this Application
should be addressed to the Registrar to the Issue. For details,
please refer overleaf. Acknowledgement Slip for Applicant
Printed by : www.westernpress.in
ASBA Bank A/C. No.
ASBA A/c Holder Name____________________________________________________________________________________________________________________________________
(in case Applicant is dierent from ASBA A/c. Holder)
Bank Name & Branch _____________________________________________________________________________________________________________________________________
UPI ID
(Maximum
45 characters)
or
PUBLIC ISSUE OF SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE ` 1,000/- EACH (“NCDs”) VIDE THE PROSPECTUS DATED MAY 02, 2024
To, The Board of Directors,
MUTHOOT MERCANTILE LIMITED
LEAD MANAGER/LEAD BROKERS/ BROKERS/
TRADING MEMBERS/ SCSB(s)/CRTA/CDP STAMP
(Acknowledging upload of Application in Stock
Exchange(s) system) (Mandatory)
Date, Stamp & Signature of
SCSB Branch (Mandatory)
5. PAYMENT DETAILS
Amount Paid (` in gures)
(
`
in words)
4. INVESTMENT DETAILS (For Details, please refer Issue Structure overleaf)
Options I II III IV V VI VII VIII IX X XI
Frequency of interest Payment Monthly Cumulative Monthly Cumulative Monthly Cumulative Monthly Cumulative Monthly Cumulative Cumulative
Minimum Application 10 NCDs i.e. ₹ 10,000 (across all options of NCDs)
In multiples, of One NCD after the minimum application
Face Value / Issue Price of NCDs (₹/NCD) ₹1,000
Nature Secured
Tenure 367 Days 367 Days 18 Months 18 Months 24 Months 24 Months 36 Months 36 Months 60 Months 60 Months 75 months
Coupon rate % Per Annum 10.50% NA 10.50% NA 10.60% NA 10.75% NA 10.80% NA NA
Eective Yield % Per Annum 11.02% 10.60% 11.02% 10.34% 11.13% 10.45% 11.30% 10.66% 11.35% 10.63% 11.73%
Mode of Interest Payment/ Redemption Through Various options available
Redemption Amount of ₹ 1,000 1,000.00 ₹1,106.00 1,000.00 ₹1,159.04 1,000.00 ₹1,219.92 1,000.00 ₹1,355.10 1,000.00 ₹1,657.16 2,000.00
No. of NCDs applied
Amount Payable (₹)
Grand Total (₹) Total No. of NCDs: Total Amount Payable (₹)
The initial allottees under Category II and Category III in the proposed Issue who are Senior Citizens as on the Deemed Date of Allotment shall be eligible for additional incentive of 0.50% p.a. provided
the NCDs issued under this Issue are continued to be held by such investors under Category II and Category III on the relevant Record Date for the relevant Interest Payment date for Series VII and IX.
Accordingly, the amount payable on redemption to such Senior Citizens under Series VIII and X is ₹1,373.55 and ₹1,694.95 per NCD respectively.
2
MUTHOOT MERCANTILE LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
- Applicants may contact Registrar to the Issue in case of any pre-issue
or post issue related problems (non-receipt of Allotment Advice, refunds
or credit of NCDs)
- In case of ASBA Application submitted to the SCSBs, the Applicants
should contact Registrar to the Issue with copy to the relevant SCSB.
- In case of queries related to upload of Applications submitted to the
Lead Manager's / Lead Brokers/ Brokers / Trading Member/ CRTA/CDP
should contact the relevant Lead Manager / Lead Brokers/ Brokers /
Trading Member/CRTA/CDP.
- The grievances arising out of Applications for the NCDs made through
Trading Members may be addressed directly to Stock Exchanges.
COMPANY CONTACT DETAILS
REGISTRAR CONTACT DETAILS
Muthoot Mercantile Limited
Registered Oce: 1st Floor, North Block, Muthoot Floors,
Opposite W&C Hospital, Thycaud,
Thiruvananthapuram 695 014, Kerala, India
Tel: +91-471-277-4800
Email: info@muthootenterprises.com
Website: www.muthootenterprises.com
Compliance Ocer and Company Secretary: Neethu C. Biju
CIN: U65921KL1997PLC011260;
PAN: AABCM5297K
KFin Technologies Limited
(formerly known as KFin Technologies Private Limited)
Selenium Tower-B, Plot 31 & 32
Financial District, Nanakramguda Serilingampally,
Hyderabad – 500 032, Telangana, India
Telephone: +91 40 6716 2222;
Facsimile: +91 40 6716 1563
Email: mml.ncdipo@kntech.com;
Website: www.kntech.com
Contact Person: M Murali Krishna
Investor Grievance id: einward.ris@kntech.com
SEBI Registration Number: INR000000221
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APPLICANT’S UNDERTAKING
I/We hereby agree and conrm that:
1. I/We have read, understood and agreed to the contents and terms and conditions of the Prospectus dated May 02, 2024 (“Prospectus”) of Muthoot Mercantile Limited
2 I/We hereby apply for allotment of the NCDs to me/us and the amount payable on application is remitted herewith.
3. I/We hereby agree to accept the NCDs applied for or such lesser number as may be allotted to me/us in accordance with the contents of the Prospectus subject to applicable statutory and/or regulatory requirements.
4. I/We irrevocably give my/our authority and consent to Mitcon Credentia Trusteeship Services Limited (formerly known as Mitcon Trusteeship Services Limited) (the “Debenture Trustee”), to act as my/our trustees and for doing such acts as are
necessary to carry out their duties in such capacity.
5. I am/We are Indian National(s) resident in India and I am/ we are not applying for the said NCDs as nominee(s) of any person resident outside India and/or Foreign National(s).
6. The application made by me/us does not exceed the investment limit on the maximum number of NCDs which may be held by me/us under applicable statutory and/or regulatory requirements.
7. In making my/our investment decision I/We have relied on my/our own examination of Muthoot Mercantile Limited and the terms of the issue, including the merits and risks involved and my/our decision to make this application is solely
based on disclosures contained in the Prospectus.
8. I/We have obtained the necessary statutory and/or regulatory permissions/approvals for applying for, subscribing to, and seeking allotment of the NCDs applied for, as applicable.
9. UPI Mechanism for Blocking Fund would be available for Resident Individual Investors, who have submitted bid for an amount not more than ` 5,00,000 in any of the bidding options in the Issue (including HUFs applying through their
Karta and does not include NRIs)
10. Additional Undertaking, in case of ASBA Applicants: 1) I/We hereby undertake that I/We am/are an ASBA Applicant(s) as per applicable provisions of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible
Securities) Regulations, 2021 (“SEBI NCS Regulations”); 2) In accordance with ASBA process provided in the SEBI NCS Regulations and disclosed in the Prospectus, I/We authorize (a) the Lead Manager(s), Lead Brokers, Trading
Members (in Specied cities only), Broker, CRTA, CDP or the SCSBs as the case may be, to do all acts as are necessary to make the Application in the Issue, including uploading my/our application, blocking or unblocking of funds in the
bank account maintained with the SCSB as specied in the Application Form or in the bank account of the Applicant linked with UPI ID provided in the Application Form as the case may be, transfer of funds to the Public Issue Account
on receipt of instruction from the Lead Manager and Registrar to the Issue or the Sponsor Bank, after nalization of Basis of Allotment; and (b) the Registrar to the Issue or Sponsor Bank, as the case may be, to issue instruction to the
SCSBs to unblock the funds in the specied bank account upon nalization of the Basis of Allotment. 3) In case the amount available in the specied Bank Account is insucient as per the Application, the SCSB shall reject the Application.
11. I/We conrm that I/We shall be allocated and alloted Option I NCDs wherein I/We have not indicated the choice of the relevant option of NCDs.
IMPERSONATION
Attention of the applicants is specically drawn to the provisions of sub-Section (1) of Section 38 of the Companies Act, 2013, relating to punishment for ctitious applications. Section 38(1)
of the Companies Act, 2013 provides that:
“Any person who: (a) makes or abets making of an application in a ctitious name to a company for acquiring, or subscribing for its, securities; or (b) makes or abets making multiple
applications to a company in dierent names or in dierent combinations of his name or surname for acquiring or subscribing for its securities; or (c) otherwise induces directly or indirectly a
company to allot, or register any transfer of, securities to him, or to any other person in a ctitious name, shall be liable for action under Section 447 of the Companies Act, 2013, as amended.”
ISSUE RELATED INFORMATION FOR FILING THE APPLICAITON FORM
Investor Category
Sub Category
Code
Investor Category Sub Category
Code
Investor Category Sub Category
Code
Category I (“Institutional Portion”) Category II (“Non Institutional Portion”) Category III*
#
(“Retail Individual
Portion”)
Resident public nancial institutions as dened in Section 2(72)
of the Companies Act 2013, statutory corporations including
state industrial development corporations.
11 Companies falling within the meaning of Section 2(20)
of the Companies Act 2013; bodies corporate and
societies registered under the applicable laws in India
and authorised to invest in the NCDs
21 Resident Indian individuals 31
Scheduled commercial Banks, co-operative Banks and regional
rural Banks, and multilateral and bilateral development nance
institutions which are authorised to invest in the NCDs
12 Educational institutions and associations of persons
and/or bodies established pursuant to or registered
under any central or state statutory enactment, which
are authorised to invest in the NCDs.
22 Hindu Undivided Families through
the Karta
32
Provident funds of minimum corpus of ` 2,500 lakhs, Pension
funds of minimum corpus of ` 2,500 lakhs, Superannuation funds
and gratuity fund which are authorised to invest in the NCDs.
13 Trust including public/private charitable/religious trusts
which are authorised to invest in the NCDs
23
Alternative investment funds, subject to investment conditions
applicable to them under the Securities and Exchange Board
of India (Alternative Investment Funds) Regulations, 2012
14 Association of persons 24
Resident venture capital funds registered with SEBI 15 Scientic and/or industrial research organisations,
which are authorised to invest in the NCDs
25
Insurance Companies registered with the IRDA 16 Partnership rms in the name of the partners 26
National Investment Fund (set up by resolution no. F. No.
2/3/2005-DDII dated November 23, 2005 of the Government
of India and published in the Gazette of India)
17 Limited Liability Partnership formed and registered
under the provisions of the Limited Liability Partnership
Act, 2008 (No. 6 of 2009)
27
Insurance funds set up and managed by the Indian army, navy
or the air force of the Union of India or by the Department
of Posts, India;
18 Resident Indian individuals and Hindu undivided
families through the Karta aggregating to a value
exceeding ` 5 lakhs.
28
Mutual Funds registered with SEBI 19
Systemically Important NBFC registered with RBI and having a
net-worth of more than ` 50,000 lakh as per the last audited
nancial statements
20
*applications aggregating to a value not more than `5 lakhs
#
applications upto a value of ` 5 lakhs can be made under the UPI Mechanism.
ISSUE STRUCTURE
Options/ Series I II III IV V VI VII VIII IX X XI
Frequency of interest Payment Monthly Cumulative Monthly Cumulative Monthly Cumulative Monthly Cumulative Monthly Cumulative Cumulative
Minimum Application 10 NCDs i.e. ₹ 10,000 (across all options of NCDs)
In multiples, of One NCD after the minimum application
Face Value of NCDs (₹/NCD) ₹1,000
Issue Price (₹/NCD) ₹1,000
Nature Secured
Tenure 367 Days 367 Days 18 Months 18 Months 24 Months 24 Months 36 Months 36 Months 60 Months 60 Months 75 months
Coupon rate % Per Annum 10.50% NA 10.50% NA 10.60% NA 10.75% NA 10.80% NA NA
Eective Yield % Per Annum 11.02% 10.60% 11.02% 10.34% 11.13% 10.45% 11.30% 10.66% 11.35% 10.63% 11.73%
Mode of Interest Payment/ Redemption Through Various options available
Amount (₹/ NCD) on Maturity 1,000.00 ₹1,106.00 1,000.00 1,159.04 1,000.00 1,219.92 1,000.00 1,355.10 1,000.00 1,657.16 2,000.00
Maturity / Redemption Date 367 Days 367 Days 18 Months 18 Months 24 Months 24 Months 36 Months 36 Months 60 Months 60 Months 75 months
Put and Call Option Not Applicable
Nature of Indebtness Secured
The initial allottees under Category II and Category III in the proposed Issue who are Senior Citizens as on the Deemed Date of Allotment shall be eligible for additional incentive of 0.50% p.a. provided the NCDs issued under this Issue are continued
to be held by such investors under Category II and Category III on the relevant Record Date for the relevant Interest Payment date for Series VII and IX. Accordingly, the amount payable on redemption to such Senior Citizens under Series VIII and X
is ₹1,373.55 and ₹1,694.95 per NCD respectively.
On any relevant Record Date, the Registrar and/or our Company shall determine the list of the holder(s) of the Issue and identify such Investors/ NCD Holders, (based on their DP identication and /or PAN and/or entries in the Register of NCD Holders)
and make the requisite payment of additional incentive.
The additional incentive will be given only on the NCDs allotted in this Issue i.e., to Senior Citizens. In case if any NCD is bought/acquired from secondary market or from open market, additional incentive will not be paid on such bought/acquired NCDs.
In case Senior Citizens sells/ gifts/ transfer any NCDs allotted in this Issue, additional incentive will not be paid on such sold/ gifted/ transferred NCD except in case where NCDs are transferred to the joint holder/nominee in case of death of the initial allottee.
Our Company would allocate and allot Option I NCDs wherein the applicants have not indicated the choice of the relevant NCD Series.
For further information please refer to section titled “Issue Related Information” on page 147 of the Prospectus.
If the Deemed Date of Allotment undergoes a change, the coupon payment dates, redemption amounts and cash ow workings shall be changed accordingly. Please refer to section titled “Issue Related Information” on page 147 of the Prospectus. Also for further
details of the interest payment please refer to “Manner of Payment of Interest/Redemption Amounts” on page 158 of the Prospectus.
For further details, please refer to the Prospectus.
All capitalised terms not specically dened therein shall have the meaning given to such terms in the Prospectus.
For Rejection of Applications : Please refer to page 14 of the Abridged Prospectus.
Basis of Allotment : For details, please refer to page 15 of the Abridged Prospectus.
3
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
(Please scan this QR
Code to view the
Prospectus)
THIS ABRIDGED PROSPECTUS CONSISTS OF 20 PAGES INCLUDING 2 PAGES OF APPLICATION FORM. PLEASE ENSURE
THAT YOU RECEIVED ALL THE PAGES. YOU ARE ENCOURAGE TO READ GREATER DETAILS AVAILABLE IN THE
PROSPECTUS DATED MAY 02, 2024 (“PROSPECTUS”) FROM WWW.MUTHOOTENTERPRISES.COM.
Please ensure that you read the Prospectus and the general instructions contained in this Abridged Prospectus before applying in
the Issue. Unless otherwise specied, all capitalized terms used in this form shall have the meaning ascribed to such terms in the
Prospectus. The investors are advised to retain a copy of Abridged Prospectus for their future reference.
You may obtain a physical copy of the Application form from our Registered Oce, the Lead Manager, Syndicate Member, Registrar
to the Issue, the Designated Branches of Self Certied Syndicate Banks. You may also download the Prospectus from the websites of
SEBI, Lead Manager and Stock Exchange i.e. www.sebi.gov.in; www.vivro.net and www.bseindia.com, respectively.
MUTHOOT MERCANTILE LIMITED
Date of incorporation: March 3, 1997; CIN: U65921KL1997PLC011260; PAN: AABCM5297K
Muthoot Mercantile Limited (“our Company” or “the Company” or “the Issuer”) was incorporated on March 3, 1997, as ‘Muthoot Mercantile Limited’, a public limited company under the Companies
Act, 1956 with a certicate of incorporation issued by the Registrar of Companies, Kerala at Kochi. Our Company also obtained the certicate of commencement of business dated March 11, 1997
from the Registrar of Companies, Kerala at Kochi. Our Company has obtained a certicate of registration dated December12, 2002 bearing registration no. 16.00178 issued by the Reserve Bank of
India (“RBI”) to carry on the activities of a non-banking nancial company without accepting public deposits under Section 45 IA of the RBI Act, 1934.
Registered Oce Corporate Oce
Compliance Ocer and
Company Secretary
Telephone and Email Website
1st Floor, North Block, Muthoot Floors,
Opposite W&C Hospital, Thycaud,
Thiruvananthapuram 695 014, Kerala, India
Not Applicable Neethu C. Biju Tel: +91-471-277-4800
Email: info@muthootenterprises.com
www.muthootenterprises.com
BRIEF DESCRIPTION OF THE ISSUE
PUBLIC ISSUE BY OUR COMPANY OF SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF ₹1,000 EACH,
(“NCDS”) AT PAR, AGGREGATING UP TO ₹5,000 LAKH, HEREINAFTER REFERRED TO AS THE “BASE ISSUE” WITH AN OPTION TO RETAIN
OVER-SUBSCRIPTION UP TO ₹5,000 LAKH AGGREGATING UP TO ₹10,000 LAKH, HEREINAFTER REFERRED TO AS THE “OVERALL ISSUE
SIZE” (THE “ISSUE”). THE ISSUE IS BEING MADE PURSUANT TO THE PROVISIONS OF SECURITIES AND EXCHANGE BOARD OF INDIA
(ISSUE AND LISTING OF NON-CONVERTIBLE SECURITIES) REGULATIONS, 2021 AS AMENDED (“SEBI NCS REGULATIONS”), THE COMPANIES
ACT, 2013 AND RULES MADE THEREUNDER, EACH AS AMENDED (THE “COMPANIES ACT, 2013”) AND THE SEBI MASTER CIRCULAR.
Security Name
MMLNCDII
Name of the Debenture Trustee*
Mitcon Credentia Trusteeship Services limited (Formerly known as MITCON Trusteeship Services Limited)
Name of Merchant Banker
Vivro Financial Services Private Limited
Name of the Credit Rating Agency
India Ratings and Research Private Limited
COUPON RATE, COUPON PAYMENT FREQUENCY, MATURITY DATE, MATURITY AMOUNT & ELIGIBLE INVESTORS
For details relating to Coupon Rate, Coupon Payment Frequency, Maturity Date and Maturity Amount of the NCDs, see “Issue Structure” on page 164 of the
Prospectus. For details relating to eligible investors, see “Issue Structure” on page 164 of the Prospectus. This Issue is not underwritten.
LISTING
The NCDs oered through the Prospectus are proposed to be listed on the BSE Limited (“BSE”). Our Company has obtained ‘in-principle’ approval for this Issue
from BSE vide their letter dated May 02, 2024. BSE shall be the Designated Stock Exchange for this Issue.
GENERAL RISKS
Investors are advised to read the section titled “Risk Factors” on page 15 of the Prospectus and on page 6 of this Abridged Prospectus carefully before taking
an investment decision in relation to this Issue. Investment in non-convertible securities involves a degree of risk and investors should not invest any funds in
such securities unless they can aord to take the risk attached to such investments. Investors are advised to take an informed decision and to read the risk factors
carefully before investing in this Issue For taking an investment decision, investors must rely on their own examination of the Issuer and the Issue, including the
risks involved. These risks are not, and are not intended to be, a complete list of all risks and considerations relevant to the debt securities or investor’s decision to
purchase such securities. The Prospectus has not been and will not be approved by any regulatory authority in India, including the Securities and Exchange Board
of India (“SEBI”), any Registrar of Companies or any stock exchange in India nor does SEBI guarantee the accuracy or adequacy of the contents of the Prospectus.
ISSUER’S ABSOLUTE RESPONSIBILITY
The Issuer, having made all reasonable inquiries, accepts responsibility for and conrms that the Prospectus does contain and will contain all information with
regard to the Issuer and the issue which is material in the context of the issue; that the information contained in the Prospectus is true and correct in all material
respects and is not misleading in any material respect; that the opinions and intentions expressed herein are honestly held and that there are no other material
facts, the omission of which make this document as a whole or any of such information or the expression of any such opinions or intentions misleading in any
material respect.
CREDIT RATING
Name of the Credit Rating Agency Rating(s) Obtained Date(s) of the press release of the Credit Rating Agency
India Ratings and Research Private Limited ‘IND BBB/Stable’
(pronounced as IND triple B rating with Stable outlook)];
April 19, 2024
4
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
PUBLIC COMMENTS
The Draft Prospectus dated April 22, 2024 was led with BSE pursuant to the provisions of the SEBI NCS Regulations and was kept open for public comments
for a period of 7 (seven) Working Days i.e. April 30, 2024 until 5 p.m. from the date of ling the Draft Prospectus with the BSE.
ISSUE PROGRAMME
ISSUE OPENS ON: MONDAY, MAY 06, 2024 ISSUE CLOSES ON: FRIDAY, MAY 17, 2024 **
* Mitcon Credentia Trusteeship Services Limited, by its letter dated April 19, 2024, has given its consent for its appointment as Debenture Trustee to the Issue and for its name to be included in the
Draft Prospectus and in all the subsequent periodical communications sent to the holders of the Debentures issued pursuant to this Issue. For further details, see “General Information – Debenture
Trustee” on page 33 of the Prospectus.
** This Issue shall remain open for subscription on Working Days from 10:00 a.m. to 5:00 p.m. (Indian Standard Time) during the period indicated above, except that the Issue may close on such
earlier date or extended date (subject to a minimum period of three Working Days and a maximum period of ten Working Days from the date of opening of the Issue and subject to not exceeding
thirty days from ling the Prospectus with ROC) as may be decided by the Board of Directors of our Company (“Board”) or Debenture Allotment Committee of the Board subject to compliance with
Regulation 33A of the SEBI NCS Regulation. In the event of such early closure or extension to this Issue, our Company shall ensure that notice of the same is provided to the prospective investors
through advertisement in all the newspapers in which pre-issue advertisement for opening of this Issue has been given on or before such earlier or initial date of Issue Closure. Application Forms
for the Issue will be accepted only from 10:00 a.m. to 5:00 p.m. (Indian Standard Time) or such extended time as may be permitted by the Stock Exchange, on Working Days during the Issue Period.
On the Issue Closing Date, the Application Forms will be accepted only between 10:00 a.m. and 3:00 p.m. (Indian Standard Time) and uploaded until 5:00 p.m. or such extended time as may be
permitted by the Stock Exchange. Further, pending mandate requests for bids placed on the last day of bidding will be validated by 5:00 p.m. (Indian Standard Time) on one Working Day after the
Issue Closing Date. For further details, see “General Information – Issue Programme” on page 39 of the Prospectus. A copy of the Prospectus shall be delivered to the RoC, in terms of sub-section
(4) of Section 26 of the Companies Act, 2013 along with the requisite endorsed/certied copies of all requisite documents. For further details, see “Material Contracts and Documents for Inspection”
beginning on page 266 of the Prospectus.
OUR PROMOTER
As on date of the Prospectus, the Promoters of our Company are Mathew Mathaininan and Richi Mathew who collectively hold 2,60,68,417 Equity Shares aggregating
to 71.57% of the share capital of the Company.
Prole of our Promoter:
Mathew Mathaininan:- aged 81 years, is the Promoter, Chairman and Whole Time Director of the Company. He has been associated with our Company since
incorporation. He holds a bachelor’s degree in Engineering from University of Mysore.
He holds 1,30,61,100 Equity Shares representing to 35.86% of the issued share capital of the Company.
Permanent Account Number: ADTPM6589J
Date of Birth: October 31, 1942
Richi Mathew:- aged 49 years, is the Promoter and Managing Director of our Company. He has been associated with our Company since 2002. He holds a Bachelor’s
degree in Engineering from Mangalore University.
He holds 1,30,07,317 Equity Shares representing to 35.72% of the issued share capital of the Company.
Permanent Account Number: AHTPM5424C
Date of Birth: May 13, 1974
There have been no changes in the Promoter’s holding in our Company during last nancial year beyond the threshold prescribed by RBI. For further details, see
“Our Promoter” on page 124 of the Prospectus.
OUR BOARD OF DIRECTORS
The general superintendence, direction and management of our aairs and business are vested in our Board of Directors. The composition of the Board is in conformity
with Section 149 of the Companies Act, 2013 and is governed by the Articles of Association of our Company, the relevant directions issued by the RBI. We have
six Directors on our Board of Directors three Executive Director, one Non-Executive Director and two Independent Directors. Further, the Board of Directors have
2 women directors. The Board of Directors of the Company are in compliance with Companies Act, 2013.
Sr. No. Name Designation Experience and Educational Qualication Other Directorships
1
Mathew Mathaininan
Chairman and
Whole-Time
Director
He holds a bachelor’s degree in Engineering
from University of Mysore. He has been
associated with our Company since
incorporation.
1. Muthoot Syndicate Nidhi Limited
2. Muthoot Computer Software Development and Research Institute
Private Limited
3. Muthoot Mercantile Nidhi Limited
2 Richi Mathew Managing
Director
He holds a bachelor’s degree in Engineering
from Mangalore University. He has been
associated with our Company since July 1,
2002.
1. Muthoot Syndicate Nidhi Limited
2. Richi Mathew Securities Limited
3. Muthoot Mercantile Nidhi Limited
4. Richi Mathew Software Technologies Limited.
3 Ammini Mathew Whole Time
Director
She holds a pre-degree course from the Mysore
University. She has been associated with our
Company since 1998.
1. Muthoot Syndicate Nidhi Limited;
2. Muthoot Computer Software Development and Research Institute
Private Limited;
3. Muthoot Mercantile Nidhi Limited.
4 Asha Richi Mathew Non-Executive
Director
She holds a Degree of Master of Business
Administration from the Anna University
of Technology Tirunelveli. She has been
associated with our Company since 2022.
1. Muthoot Syndicate Nidhi Limited;
2. Richi Mathew Securities Limited
3. Richi Mathew Software Technologies Limited.
5
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
Sr. No. Name Designation Experience and Educational Qualication Other Directorships
5 Anthony Robert John Independent
Director
He has completed his Masters of Commerce
from the University of Kerala.
Nil
6
Dillark Justin Independent
Director
He holds a degree in Bachelors of Law from
the University of Kerala.
Nil
For further details, please refer “Our Management” on page 112 of the Prospectus.
OUR BUSINESS
Company Overview:
We are a non-deposit taking non-banking nancial company- base layer (NBFC – Base Layer) registered with the RBI bearing registration no. N-16-00178 dated
December 12, 2002 under section 45-IA of the RBI Act primarily engaged in the gold loan sector lending money against the pledge of household and/or used gold
jewellery (“Gold Loan”) primarily to retail customers who require immediate availability of funds, but who do not have access to formal credit on an immediate
basis and are also engaged in providing unsecured loans (“Pronote Loan”) to individual customers for their personal needs. As of March 31, 2024, we disbursed
Gold Loan and Pronote Loan to our customers from a network of 242 branches of our Company in 9 states and union territory of India namely Tamil Nadu,
Kerala, Delhi, Haryana, Maharashtra, Madhya Pradesh, Odisha, Punjab, Uttar Pradesh, and Rajasthan. As of March 31, 2024 we employed 830 persons in our
operations. Our branches function as the key point of contact for loan origination, disbursement, and collection processes as well as facilitating customer interaction.
Product/ Service Oering:
Gold loans: Our core business is providing Gold Loan, which are typically small ticket loans secured by the pledge of household, and/or used gold jewellery.
Loan amounts advanced by us are typically within the range of ₹ 1,000.00 to ₹ 100 lakhs per loan transaction and are typically for short tenor of up to 12 months.
However, there is no maximum limit on the amount of Gold Loan to be advanced to any customer. As of December 31, 2023, Fiscals 2023, 2022 and 2021, we
had Gold Loan outstanding aggregating to ₹57,924.78 lakhs, ₹49,469.77 lakhs, ₹33,255.80 lakhs and ₹28,468.69 lakhs in principal amount.
Pronote Loans: We also oer unsecured loans i.e. Pronote Loan for their personal needs including consumption needs. These types of loans are provided exclusively
to existing customers, with eligibility determined by the branch manager's credit assessment and the repayment history of the customer. This assessment helps gauge
the customer's capacity to repay both the principal loan amount and the associated interest. Our Pronote Loan portfolio as of December 31, 2023, Fiscal 2023,
Fiscal 2022 and Fiscal 2021 had outstanding principal amounting to ₹2,972.32 lakhs, ₹1,269.02 lakhs, ₹596.13 lakhs and Nil respectively. In the Fiscals 2022 and
2023 and the nine month period ended December 31, 2023, our gross Pronote Loan portfolio yield representing net interest income on gross Pronote loan as a
percentage of average outstanding of Pronote Loan were 3.19%, 17.90%, and 18.19% per annum respectively. In Fiscals 2022 and 2023 and the nine month period
ended December 31, 2023, interest income from Pronote Loan constituted 0.14%, 1.76%, and 1.83%, respectively, of our total revenue.
Other Business: We also provide money transfer services.
Geographies Served:
Branch Network and Customer Service
As of March 31, 2024 we had 242 branches located in 9 states and an union territory. The distribution of branches across India by region as of March 31, 2022,
March 31, 2023 and March 31, 2024 is as set out in the following table:
Sr.
No.
State / Union territory of India
As on
March 31, 2022 March 31, 2023 March 31, 2024
1.
Tamil Nadu 22 17 16
2.
Kerala 71 69 78
3.
Delhi 21 23 22
4.
Haryana 5 7 8
5.
Maharashtra 24 38 44
6.
Madhya Pradesh 2 8 12
7.
Odisha 27 35 40
8.
Punjab 4 17 12
9.
Uttar Pradesh 2 3 6
10.
Rajasthan - - 4
Total 178 217 242
Industries served:
‘Gold Loan Industry’. For further details, please refer “Industry Overview” on page 63 of the Prospectus.
Intellectual Property:
The trademark/service mark and logo in connection with the “
” logo is owned by our Chairman Mathew Mathaininan and is registered with the Trade
Marks Registry under class 36 and received a Certicate of Registration of Trademark bearing number 1267883 dated February 19, 2004. We have obtained
permission from our one of the Promoter i.e. Mathew Mathaininan in writing to use the logo. As on the date of the Prospectus, we have obtained Five trademark
registration with the Trade Marks Registry under the Trade Marks Act, 1999.
Employee Strength:
As on March 31, 2024, we had 830 employees engaged in various business operations like sales, marketing, recovery, audit etc. We adhere to a policy of nurturing
dedicated talent by conducting regular training programmes. We provide training to our employees both as a commitment to their career development and also
to ensure quality service to our customers. These trainings are conducted on joining as part of employee initiation and include additional on-the-job trainings.
For further details, please refer “Our Business” on page 93 of the Prospectus.
6
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
RISK FACTOR
The below mentioned risks are top 10 risk factors, as per the Prospectus, including 3 each pertaining to the Issuer and the NCDs. Please read the risk factors carefully,
see section titled “Risk Factors” on page 15 of the Prospectus.
1. We are subject to certain restrictive covenants in our loan documents and other debts, which may restrict our operations and ability to grow and may adversely
aect our business.
2. Our ability to access capital also depends on our credit ratings. Any downgrade in our credit ratings would increase borrowing costs and constrain our access
to capital and lending markets and, thus, would negatively aect our net interest margin and our business.
3. Our Company, our Promoters and Directors are subject to certain legal proceedings and any adverse decision in such proceedings may have a material adverse
eect on our business, nancial condition and results of operations.
4. Supporting documents in connection with the biographies of the directors included in the section “Our Management” of the Prospectus are unavailable.
5. A part of our branch network is concentrated in Kerala and Maharashtra and odisha, and we derive majority of our revenue from these states. Any breakdown
of services in these areas could have a material and adverse eect on our results of operations and nancial conditions.
6. Our business is capital intensive and any disruption or restrictions in raising nancial resources could have a material adverse eect on our liquidity and
nancial condition.
7. Our nancial performance is primarily dependent on interest rate risk. If we are unable to manage interest rate risk in the future it could have an adverse eect
on our net interest margin, thereby adversely aecting business and nancial condition of our Company.
8. Changes in interest rates may aect the price of our NCDs which frequently accompany ination and/or a growing economy, are likely to have a negative
eect on the price of our NCDs.
9. The fund requirement and deployment mentioned in the Objects of the Issue have not been appraised by any bank or nancial institution.
10. The liquidity for the NCDs in the secondary market is very low and it may remain so in the future and the price of the NCDs may be volatile.
For further details, see “Risk Factors” on page 15 of the Prospectus.
SUMMARY OF OUTSTANDING LITIGATIONS, CLAIMS AND REGULATORY ACTION
A. Total number of outstanding litigations against the Company and amount involved:
Name Criminal
Proceedings
Tax
Proceedings
Statutory or
Regulatory
Proceedings
Disciplinary actions by the
SEBI or Stock Exchanges
Material
Civil
Litigations
Aggregate amount
involved
(₹ in Lakhs)
Company
By the Company 19 Nil Nil Nil Nil 206.14
Against the Company Nil 3 Nil Nil Nil 104.13
Directors
By the Directors Nil Nil Nil Nil 1 Nil
Against the Directors Nil Nil Nil Nil Nil Nil
Promoters
By the Promoters Nil Nil Nil Nil 3 Nil
Against the Promoters
Nil Nil Nil Nil 1 Nil
Group Companies
By the Group Companies
Nil Nil Nil Nil Nil Nil
Against the Group Companies
Nil
3
Nil Nil Nil
124.19
Subsidiaries
By the Subsidiaries Not Applicable
Against the Subsidiaries
B. Brief details of top 5 material outstanding litigations against the company and amount involved
Nil
C. Any litigation or legal action pending or taken by a Government Department or a statutory body or regulatory body during the three years immediately
preceding the year of the issue of the issue document against the promoter of the company,
Nil
D. Brief details of outstanding criminal proceedings against promoters
Nil
MATERIAL DEVELOPMENTS
Other than as disclosed below and in the Prospectus, there have been no material developments since December 31, 2023 and there have arisen no circumstance
that materially or adversely aect the operations, or nancial condition or protability of the Company or the value of its assets or its ability to pay its liabilities
within the next 12 months.
1. Raising of funds through issuance of non-convertible debentures, loan from directors, issuance of Right shares and loans from banks
a. The Company from January 01, 2024 till April 17, 2024 has raised funds through issuance of Right Shares to its shareholders amounting to ₹699.99 lakhs.
7
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
2. Repayment of term loans, redemption of non-convertible securities, redemption of Perpetual debt instruments and repayment of loan from directors.
a. The company from January 01, 2024 till April 17, 2024 have made repayment of term loans from banks amounting ₹1661 lakhs.
b. The company from January 01,2024 till April 17,2024 has redeemed secured privately placed non-convertible debentures amounting to ₹88.55 lakhs.
c. The company from January 01, 2024 till April 17, 2024 has redeemed subordinate debts amounting to ₹641.77 lakhs.
d. The company from January 01, 2024 till April 17, 2024 has redeemed perpetual debt instrument amounting to ₹300 lakhs.
e. The company from January 01, 2024 till April 17, 2024 has repaid loan from directors amounting to ₹155 lakhs (₹145 lakhs to our Chairman and Whole-time
director Mathew Mathaininan and ₹10 lakhs to our whole-time director Ammini Mathew).
FINANCIAL HIGHLIGHTS
This section should be read together with the Audited Financial Statements, including the notes thereto, in “Financial Statements” on page 128 of the Prospectus.
Key Operational and Financial Parameter based on the Unaudited Financial Results and Audited Financial Statements
A summary of our key operational and nancial parameters for the period ended December 31, 2023 and last three completed nancial years of the Company on
a standalone basis are as under:
(` in lakhs)
Particulars Period ended
December 31, 2023
Fiscal 2023 Fiscal 2022 Fiscal 2021
BALANCE SHEET
Assets
Property, Plant and Equipment 623.34 579.42 423.98 340.89
Financial Assets 76,010.04 59,210.68 40,805.52 30,605.23
Non-nancial Assets excluding property, plant and equipment 5,170.25 860.46 806.24 677.48
Total Assets 81,803.63 60,650.56 42,035.74 31,623.60
Liabilities
Financial Liabilities
-Derivative nancial instruments - - - -
-Trade Payables 90.73 - - -
-Debt Securities 14,076.97 5,173.97 4,495.85 3,280.25
-Borrowings (other than Debt Securities) 22,527.88 18,174.31 8,006.66 4,885.57
-Subordinated liabilities 21,421.96 20,423.55 15,362.54 11,845.96
-Other nancial liabilities 7,734.36 2,045.70 1,329.29 714.16
Non-Financial Liabilities
-Current tax liabilities (net) 618.63 677.28 614.13 500.31
-Provisions 165.63 320.83 193.43 194.70
-Deferred tax liabilities (net) - - - -
-Other non-nancial liabilities 31.77 278.49 296.53 167.76
Equity (Equity Share Capital and Other Equity) 15,135.70 13,556.33 11,737.31 10,034.89
Total Liabilities and Equity 81,803.63 60,650.56 42,035.74 31,623.60
PROFIT AND LOSS
Revenue from operations 9,041.17 9,430.97 6,673.83 4,910.32
Other Income 74.16 35.86 28.56 29.10
Total Income
9,115.33
9,466.83 6,702.38 4,939.42
Total Expense
6,593.39
7,647.81 4,999.96 3,537.85
Prot after tax for the year 2,000.52 1,819.02 1,702.42 1,401.56
Other Comprehensive income (13.61) NA NA NA
Total Comprehensive Income
1,986.92
NA NA NA
Earnings per equity share (Basic) 6.80 6.18 5.79 4.76
Earnings per equity share (Diluted) 6.80 6.18 5.79 4.76
Cash Flow
Net cash from / used in(-) operating activities (4,881.16) (15,544.08) (3,269.11) (11,589.67)
Net cash from / used in(-) investing activities (6,943.73) 756.82 (1,320.47) (81.11)
Net cash from / used in (-)nancing activities 8,930.34 15,876.63 7,851.06 11,471.26
Net increase/decrease(-) in cash and cash equivalents (2,894.55) 1,089.37 3,261.48 (199.52)
Cash and cash equivalents as per Cash Flow Statement as at end of year/period 1,659.11 4,553.66 3,464.29 202.82
8
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
Particulars Period ended
December 31, 2023
Fiscal 2023 Fiscal 2022 Fiscal 2021
Additional Information
Net worth 14,873.71 13,556.33 11,737.31 10,034.89
Cash and cash equivalents 1,659.11 4,553.66 3,464.29 202.82
Loans 50,738.79 33,851.92 28,468.69
Loans (Principal Amount) 60,824.25 50,738.79 33,851.92 28,468.69
Total Debts to Total Assets 74.68% 75.58% 69.50% 65.60%
Interest Income 8,886.09 9,310.02 6,622.15 4,888.61
Interest Expense 3,702.43 3,271.94 2,207.48 1,395.69
Impairment on Financial Instruments (0.21) - - -
Bad Debts to Loans - - -
% Stage 3 Loans on Loans (Principal Amount) 0.52% NA NA NA
% Net Stage 3 Loans on Loans (Principal Amount) 0.47%
#
NA NA NA
Tier I Capital Adequacy Ratio (%) 20.61% 25.13% 31.62% 32.19%
Tier II Capital Adequacy Ratio (%) 10.31% 12.80% 16.04% 16.32%
#
As calculated in accordance with Expected Credit Loss method specied under applicable Ind AS.
Note: 1) Items such as Other Comprehensive income, Total Comprehensive Income, Stage 3 loans were not to be disclosed as per the nancial statements prepared
under IGAAP so the items are disclosed as “NA” (“Not Applicable”).
2) Stage 3 Loans were not disclosed in the Audited Financial Statements for the nancial years ended on March 31, 2023, March 31, 2022 and March 31,2021,
respectively as it was not required to be disclosed under IGAAP. The NPA position as on March 31, 2023, March 31, 2022 and March 31, 2022 are as under:
Particulars For the nancial years ended
March 31, 2023 March 31, 2022 March 31, 2021
Gross NPA (%) 0.27% 0.37% 0.19%
Net NPA (%) 0.11% 0.33% 0.16%
For further details, please refer to page no 110 of the Prospectus.
CONTACT DETAILS RELATING TO ENTITIES ASSOCIATED WITH THE ISSUE
LEAD MANAGER TO THE ISSUE
Vivro Financial Services Private Limited
607/608 Marathon Icon
Opposite Peninsula Corporate Park
O. Ganpatrao Kadam Marg
Veer Santaji Lane, Lower Parel
Mumbai 400 013, Maharashtra, India
Tel: +91 22 6666 8040/41/42
Email: investors@vivro.net
Contact Person: Sakshi Porwal/Jay Dodiya
Website: www.vivro.net
SEBI Registration No.: INM000010122
REGISTRAR TO THE ISSUE
KFin Technologies Limited
(formerly known as KFin Technologies Private Limited)
Selenium Tower-B, Plot 31 & 32 Gachibowli
Financial District
Nanakramguda Serilingampally,
Hyderabad – 500 032, Telangana, India
Telephone: +91 40 6716 2222
Facsimile: +91 40 6716 1563
Email: mml.ncdipo@kntech.com
Investor grievance e-mail: einward.ris@kntech.com
Website: www.kntech.com
Contact Person: M Murali Krishna
Investor Grievance id: einward.ris@kntech.com
SEBI Registration Number: INR000000221
9
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
DEBENTURE TRUSTEE TO THE ISSUE
MITCON Credentia Trusteeship Services Limited
(formerly known as MITCON Trusteeship Services Limited)
1402/1403, B-Wing, Dalamal Towers, 14th Floor,
Free Press Journal Marg,
211, Nariman Point, Mumbai – 400 021
Telephone: +91 22 2282 8200
Email: contact@mitconcredentia.in
Investor Grievance mail: investorgrievances@mitconcredentia.in
Website: www.mitconcredentia.in
Contact Person: Vaishali Urkude
SEBI Registration Number: IND000000596
CREDIT RATING AGENCY
India Ratings & Research Private Limited
Wockhardt Towers, 4th oor, West Wing,
Bandra Kurla Complex,
Bandra (E), Mumbai 400 051,
Maharashtra, India
Telephone: 022-4000 1700
E-mail: infogrp@indiaratings.co.in
Website: www.indiaratings.co.in
Contact Person: Shivangi Manjarekar
SEBI Registration No: IN/CRA/002/1999
BANKERS TO THE ISSUE
Public Issue Account Bank, Sponsor Bank and Refund Bank
HDFC Bank Limited
Lodha - I Think Techno Campus, O-3 Level,
Next to Kanjurmarg Railway Station
Kanjurmarg (East), Mumbai – 400042,
Maharashtra, India.
Contact Person: Vikas Rahate/ Eric Bacha/Siddharth Jadhav / Sachin Gawade / Tushar Gavankar.
Phone: +91 022-30752914 / 28 / 29
Email Id: siddharth.jadhav@hdfcbank.com, sachin.gawade@hdfcbank.com, vikas.rahate@hdfcbank.com, eric.bacha@hdfcbank.com, tushar.gavankar@hdfcbank.com
Self-Certied Syndicate Banks
The banks which are registered with SEBI under Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994, as amended, and oer services
in relation to ASBA, including blocking of an ASBA Account, a list of which is available on http://www.sebi.gov.in or at such other website as may be prescribed
by SEBI from time to time.
A list of the Designated Branches of the SCSBs, with which an Applicant, not applying through the Syndicate, may submit the Application Forms, is available at
http://www.sebi.gov.in, or at such other website as may be prescribed by SEBI from time to time.
LIST OF SELF CERTIFIED SYNDICATE BANKS (SCSBs) UNDER THE ASBA PROCESS
Sr.
No.
Name of the Bank Controlling Branch & Address Contact Person Telephone Number Fax Number Email
1 Au Small Finance
Bank Ltd
Shop No 5,6 At Gf Axix Mall Bhagwan Das Road,
C-Scheme, Jaipur Rajasthan -302007
- - -
Cscheme_Jaipur@aubank.in
2 Axis Bank Ltd. Centralised Collections and Payment Hub (CCPH)
5th Floor, Gigaplex, Building No. 1,
Plot No.I.T.5, MIDC, Airoli Knowledge Park, Airoli,
Navi Mumbai - 400708
Mr. Sunil Fadtare
Assitant Vice President
022-71315906,
9819803730
022- 71315994
Sunil.fadtare@axisbank.com
3 Bandhan Bank Ltd DN 32, Salt Lake City, Sector V, Kolkata , 700091 Amit Khanra 033-66090909,
Ext: 3078
- asba.business@bandhanbank.com
4 Bank of Baroda Mumbai Main Oce, 10/12
Mumbai Samachar Marg, Fort, Mumbai-23
Mr. Suraj Gond 022-40468314 /
40468316
022-22835236 asba.fortap@bankofbaroda.com
5 Bank of
Maharashtra
Fort Branch, 1st Floor, Janmangal,
45/47, Mumbai Samachar Marg, Mumbai - 400023
SHRI. V R
Kshirsagar (DGM)
022-22694160 /
22652595/ 22663947
022-22681296
brmgr2@mahabank.co.in;
bom2@ mahabank.co.in
6 BNP Paribas BNP Paribas House, 1, North Avenue, Maker Maxity,
Bandra
Shanil George 9702777573 (022) 61964595
shanil.george@asia. bnpparibas.
com
10
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
Sr.
No.
Name of the Bank Controlling Branch & Address Contact Person Telephone Number Fax Number Email
7 Barclays Bank PLC Barclays Bank PLC 601/603 Ceejay House,
Shivsagar Estate, Dr Annie Besant Road, Worli,
Mumbai - 400018
Parul Parmar 022- 67196567 +91-22 6719 6996
Parul.parmar@barclays.com
8 Bank of India Phiroze Jeejeebhoy Tower, (New Stock Exchange
Bldg), P. J. Tower, Dalal Street, Fort,
Mumbai-400 023.
Sanket Sudke 022 – 22721781 /
9158688142
022-22721782
Stockexchange.Mumbai,
south@bankondia.co.in
9 CITI Bank Citibank N.A., Bandra Kurla Complex,
Bandra (East), First International Financial Center
(FIFC), 11th Floor, Plot No. C-54 & 55, G-Block,
Mumbai 400051
Shaji Pillai 912261756938 022-26535824
s.girish@citi.com, asba.ops@
citi.com
10 Central Bank of
India
Ground oor, Central Bank of India,
Central Bank Building, Fort, Mumbai 400001
Abhisekh Sinha 022- 22623148,
22623149
022-22623150
asba4082@centralbank.co.in
11 Canara Bank Canara Bank Mumbai
National Stock Exchange Branch, 11th Floor, 115,
Atlanta Building Nariman Point Mumbai -400001
Ranganath Avala 022-22028235 022-22664140
cb2422@canarabank.com,
mbdcomcity@canarabank. com,
hocmbd@canarabank.com
12 City Union Bank Ltd. City Union Bank Ltd, CSD 706, Anna Salai
Thousand Lights,Chennai - 600006
Sivakumar.V 9344874144 044 - 24348586 sivakumar.v@cityunionbank. in
13 DBS Bank Ltd. DBS Bank India Limited, Express Towers,
Ground Floor, Nariman Point, Mumbai 400021
Sumesh Shetty +91 22 66388888 /
91 22 49384545
+91 22 67528470
sumeshshetty@dbs.com
nitinbhujbalrao@dbs.
com deepakpillai@dbs.
com sunilpoojari@dbs.
com gunapalshetty@dbs.com
richatiwari@dbs.com
14 Deutsche Bank Sidrah, 110, Swami Vivekananda Road,
Khar (West), Mumbai 400052
Gauri Chaudhari 022-66009417 -
gauri.chaudhari@db.com
15 Dhanlaxmi Bank
Ltd
Department of Demat Services, 3rd Floor,
DLB Bhavan , Punkunnam,
Thrissur - 680 002, Kerala.
Ms .Lakhsmi 04876627012 /
04876627074
9746301024
lakshmi.v@dhanbank.co.in
16 GP Parsik
Sahakari Bank Limited
Sahakarmurti Gopinath Shivram Patil Bhavan,
Parsik Nagar, Kalwa, Thane. 400605. Maharashtra.
Mr.Mukund
D.Kharpude
+9122 25456639 /
25456500
-
mdkharpude701@
gpparsikbank.net
17 HSBC Ltd. HSBC, Nesco IT Park - Bldg 3, 9th Floor,
Nesco Complex, Western Express Highway,
Goregaon (E), Mumbai - 400063
Kavitha Balagopalan 022-45054375/
8454025745
(022) 66536005
kavitha.balagopalan@hsbc.co.in
18 HDFC Bank Ltd. FIG – OPS Department HDFC Bank Ltd Lodha - I
Think Techno CampusO-3 Level Next to Kanjurmarg
Railway Station Kanjurmarg (East)
Mumbai - 400042
Vincent Dsouza /
Siddharth Jadhav /
Prasanna Uchil
022-30752929 / 2927
/ 2928
- vincent.dsouza@hdfcbank.
com, siddharth.jadhav@hdfcbank.
com,
prasanna.uchil@hdfcbank.
com
19 ICICI Bank Ltd. ICICI BANK LIMITED, Capital
Market Division, 1st Floor, 122, Mistry Bhavan,
Dinshaw Vachha
Road, Backbay Reclamation, Churchgate, Mumbai
Mr Saurabh Kumar +91 22-66818911 022-22611138
kmr.saurabh@icicibank.com
20 IDBI Bank Ltd. Marigold House, Plot No. A-34 Cross Road No. 2,
Marol MIDC, Andheri - East Mumbai
Shri Vijay Kumar
Vootada
8097001972 -
v.vijaykumar@idbi.co.in
21 IDFC FIRST Bank
Limited
Building no 2, Mindspace TTC
Industrial Area, Juinagar. Navi
Mumbai – 400 706
Mr. V M Praveen 022-49850025/
9819708055
-
asba.cb@idfcrstbank.com
22 Indian Bank Nandanam Branch- 480 Anna Salai,
Nandanam 600035
R HARIHARAN 044 24330233 044 24347755
nandanam@indianbank.co.in
23 IndusInd Bank Premises No.59 & 61, Sonawala Building, 57,
Mumbai Samachar Marg, Opp Bombay Stock
Exchange, Fort, Mumbai – 400 001, Maharashtra
Parveen Coatwala 9820565650 022-22644834
boms@indusind.com
24 Indian Overseas Bank Mexxanine Floor, Cathedral Branch, 762 Anna Salai,
Chennai 600 002
Mr. K.R. Asokan 044 - 28513616 -
deposit@iobnet.co.in
25 Janata Sahakari
Bank Ltd.
N S D L Department Bharat
Bhavan, 1360, Shukrawar Peth, Pune 411002
Shri. Chandrashekhar
S. Sathe
91 (20)- 24452013,
98607 96465
+91 (20)
24431014
bajiraoroad@janatabankpune.
com
26 The Kalupur
Commercial Co-
operative Bank Ltd.
Ashram Road Branch
Kalupur Bank Bhavan, Nr. Income Tax Char Rasta,
Ashram Road, Ahmedabad-380 014
Branch Manager 079-27582020 - 2026 079-27582030
asba@kalupurbank.com
27 Karur Vysya Bank
Ltd.
DEMAT CELL, No 1,
Padmavathiyar Road O Peters Road,
4th Floor Gopalapuram
Chennai, Tamil Nadu, 600086
R Ranjani 044-28359243,
28359244,
28359246, 28359248
/ 8489701666
044-24340374
kvbdp@kvbmail.
com,ranjanir@kvbmail.com
28 Karnataka Bank
Ltd
The Karnataka Bank Ltd
Mangalore–H O Complex Branch Mahaveera Circle
Kankanady, Mangalore – 575002
Ravindranath
Baglodi
[Sr. Manager]
0824-2228266 0824-2228138
mlr.hocomplex@ktkbank.
com asba@ktkbank.com
29 Kotak Mahindra
Bank Ltd.
Kotak Inniti, 6th Floor, Building No. 21,
Innity Park, O Western Express Highway,
General AK Vaidya Marg, Malad(E)
Prashant Sawant 91-22-66056588 +91 66056642
prashant.sawant@kotak.com
30 Mehsana Urban
Co-Op. Bank Ltd.
Head Oce, Urban Bank Road, Highway,
Mehsana – 384002
Branch Manager +91-2762-251908 +91-2762-240762
asba@mucbank.com
11
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
Sr.
No.
Name of the Bank Controlling Branch & Address Contact Person Telephone Number Fax Number Email
31 Nutan Nagrik Sahakari
Bank Ltd.
Opp Samratheshwar Mahadev, Nr, Law Garden,
Ellisbbridge, Ahmedabad-380006
Miti Shah 9879506795 7926564715
smiti@1977@yahoo.com
32 Punjab National
Bank
Plot No C-9, G-Block, Pragati
Tower, Mezzanine Floor, Bandra Kurla Complex,
Bandra E, Mumbai 400 051
Mr. Arjun
Moolchandani (Branch
Head) / Mr.
Rakesh Bhimrao
Jagtap
9558908550/
8291147822
022 – 22621124
bo7538@pnb.co.in; asba@
pnb.co.in; rbjagtap@pnb. co.in
33 RBL Bank
Limited
Techniplex – I, 9th Floor, O Veer Savarkar Flyover,
Goregaon (West), Mumbai – 400062.
Shashikant Sanil 022-40288193,
022-40288196,
022-40288197
022-40288195
asba_ops@rblbank.com
34 Rajkot Nagarik
Sahakari Bank
Ltd.
Rajkot Nagarik Sahakari Bank Ltd.
Demat Department, Nagarik
Bhavan No.1, Para Bazar, Dhebar
Road,Rajkot-360001. Gujarat.
Dwarkesh
Zinzuvadiya
(0281)
2236913/14/15/16
(0281)
2233916/17/18
asba@ rnsbindia.com
35 State Bank of
India
Capital Market Branch
Third Floor Mumbai Main Branch
Mumbai Samachar Marg
Fort, Mumbai 400 023
Indrakant Chuarasia 022-
22719113/114/102
022-22094921
nib.11777@sbi.co.in:
sbi.11777@sbi.co.in
36 Standard
Chartered Bank
Crescenzo, 3rd Floor, C/38-39,
G-Block, Opposite MCA Club,
Bandra-Kurla Complex, Bandra
[East], Mumbai 400-051
Ajay Rajpal/Nitin
Chorge
61158407/61157271
9833833639
9769950126
022 -26757358
Ipo.scb@sc.com
Ajay.Rajpal@sc.com
Nitin.Chorge@sc.com
37 SVC Co-
Operative Bank Ltd.
Thane Regional Oce Address, 6th
Floor, Dosti Pinnacle, Road no 22, Wagle Estate,
Thane 400606
Mr.Mukesh Singh 9820851482 -
singhmt@svcbank.com
38 South Indian Bank
Limited
The South Indian Bank Ltd.
Retail Banking Department, Asba Cell, 2nd Floor,
Shanu Tower, No. Iv/461 A, North Kalamassery,
Ernakulam-683104, Kerala, India
Floor Federal Towers Ernakulam 682031
Radhamadhav S
Prabhu
+91 9159866022 0484-2351923
asba@sib.co.in
40 Tamilnad
Mercantile Bank
Ltd.
DPS Cell, 3rd Floor, D No.269/2-4,
Avvai Shanmugam Salai,
Royapettah, Chennai - 600014
Mr.P.Jegatheeswaran 044-28130552,
044-28131574,
09842442678
044-26204174
dps@tmbank.in
41 Saraswat Co- operative
Bank Ltd.
110-111 & 129-131, Vyapar Bhavan 1st oor, 49,
P.D mello Road, Carnac Bunder , Masjid.
Mumbai 400 009.
Namrata Patkar 9833853792 022-27884153
namrata.patkar@ saraswatbank.
com user. demat@saraswatbank.
com ulhas.raikar@saraswatbank.
com
42 TJSB Sahakari
Bank Ltd
Anant Laxmi Chambers
Shivajinagar,O Gokhale Road, Naupada Branch,
Thane - 400602.
Ms Prajakta Joglekar Tel : 2540 3354,2540
3359
-
tjsb.003@tjsb.co.in
43 UCO bank D.N.Rd. Mumbai Branch Head 022-22871245 022-22870754
mumbai@ucobank.co.in,
ucoetrade@ucobank.co.in
44 Union Bank of
India
MUMBAI SAMACHAR
MARG,66/80, Mumbai Samachar Marg,
Post Bag No.253 & 518, Fort, Mumbai - 400023.
Jaya Gadekar 022-22629404, 411 /
9930835216
022- 22676685
asba@unionbankondia.com
45 Yes Bank Ltd. YES BANK Ltd-18th Floor, Empire Tower Reliable
Tech Park Cloud City Campus Plot no. 31,
Thane-Belapur Road Airoli,
Navi Mumbai
– 400708
Sachin Shinde/
Jagdish More/
Priyesh Dhondtarkar/
Milind Mulye
022- 68547260
Mob-9819995609
/ 7506246614/
9821571249/
9967966878
022 24214504
dlbtiservices@yesbank.in /
Sachin.Shinde@YESBANK.
IN / Priyesh.Dhondtarkar@
YESBANK.IN/ Jagdish.
More@YESBANK.IN/ milind.
mulye2@yesbank.in
46 The Ahmedabad
Mercantile Co-Op.
Bank Ltd.
Head oce :- “Amco House”, Nr. Stadium Circle,
Navrangpura, Ahmedabad - 09
Nimesh Parikh 079-26426582-84-88 079-26564863
asba@amco-bank.com
OBJECT OF THE ISSUE
Our Company is signicantly involved in the business of gold loan and as part of our business operations, we raise/avail funds for onward lending, nancing and
for repayment of interest and principal of existing borrowings.
Our Company proposes to utilise the funds which are being raised through the Issue, after deducting the Issue related expenses to the extent payable by our Company
(“Net Proceeds”), estimated to be approximately `
9,830.30 lakhs, towards funding the following objects (collectively, referred to herein as the “Objects”):
1. For the purpose of onward lending, nancing and repayment/prepayment of principal and interest on existing borrowings; and
2. General Corporate Purposes.
The Main Objects clause of the Memorandum of Association of our Company permits our Company to undertake the activities for which the funds are being raised
through the present Issue and also the activities which our Company has been carrying on till date.
12
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
The details of the proceeds of the Issue are set forth in the following table:
(₹ in lakh)
S. No. Description Amount
1. Gross proceeds of the Issue Up to 10,000.00
2. (less) Issue related expenses* 169.70
3. Net Proceeds* 9,830.30
*Assuming the issue is fully subscribed, and our Company retains oversubscription up to ` 5,000 lakhs.
Requirement of funds and Utilisation of Net Proceeds
The following table details the objects of the Issue and the amount proposed to be nanced from the Net Proceeds:
S. No. Objects of the Issue Percentage of amount proposed to be nanced
from Net Proceeds
1. Onward lending, nancing and repayment/prepayment of principal and interest on existing borrowings At least 75%
2. General Corporate Purposes* Maximum up to 25%
3. Total 100%
*The Net Proceeds will be rst utilised towards the Objects mentioned above. The balance is proposed to be utilised for general corporate purposes, subject to such
utilisation not exceeding 25% of the amount raised in the Issue, in compliance with the SEBI NCS Regulations.
For further details, please refer “Object of the Issue” on page 47 of the Prospectus.
ISSUE PROCEDURE
1. Who are not eligible to apply for NCDs?
The following categories of persons, and entities, shall not be eligible to participate in this Issue and any Application from such persons and entities are liable
to be rejected:
(a) Minors without a guardian name*(A guardian may apply on behalf of a minor. However, Application by minors must be made through Application Forms
that contain the names of both the minor Applicant and the guardian);
(b) Foreign nationals, NRI inter-alia including any NRIs who are (i) based in the USA, and/or, (ii) domiciled in the USA, and/or, (iii) residents/citizens of
the USA, and/or, (iv) subject to any taxation laws of the USA;
(c) Persons resident outside India and other foreign entities;
(d) Foreign Portfolio Investors;
(e) Foreign Venture Capital Investors;
(f) Qualied Foreign Investors;
(g) Overseas Corporate Bodies; and
(h) Persons ineligible to contract under applicable statutory/regulatory requirements.
*Applicant shall ensure that guardian is competent to contract under Indian Contract Act, 1872
For further details, please refer “Issue Procedure” on page 178 of the Prospectus.
INSTRUCTIONS FOR FILLING-UP THE APPLICATION FORM
General Instructions
A. General instructions for completing the Application Form
• Applications must be made in prescribed Application Form only;
• All Applicants need to tick the Series of NCDs in the Application Form that they wish to apply for. Applications for all the Series of the NCDs may be made
in a single Application Form only.
• Application Forms must be completed in BLOCK LETTERS IN ENGLISH, as per the instructions contained in this Abridged Prospectus and the Application
Form;
• If the Application is submitted in joint names, the Application Form should contain only the name of the rst Applicant whose name should also appear as
the rst holder of the depository account held in joint names;
• It shall be mandatory for subscribers to the Issue to furnish their PAN and any Application Form, without the PAN is liable to be rejected, irrespective of the
amount of transaction;
• Applications should be in single or joint names and not exceeding three names, and in the same order as their Depository Participant details (in case of
Applicants applying for Allotment of the Bonds in dematerialised form) and Applications should be made by Karta in case the Applicant is an HUF. The
Applicant is required to specify the name of an Applicant in the Application Form as ‘XYZ Hindu Undivided Family applying through PQR’, where PQR is
the name of the Karta. Please ensure that such Applications contain the PAN of the HUF and not of the Karta;
• Applicants must provide details of valid and active DP ID, Client ID and PAN, clearly and without error. On the basis of such Applicant’s active DP ID,
Client ID and PAN provided in the Application Form, and as entered into the electronic Application system of the Stock Exchange by SCSBs, the Designated
Intermediaries, the Registrar will obtain from the Depository the Demographic Details. Invalid accounts, suspended accounts or where such account is classied
as invalid or suspended may not be considered for Allotment of the NCDs
• Applications must be for a minimum of 10 NCDs and in multiples of one NCD thereafter. For the purpose of fullling the requirement of minimum application
size of 10 NCDs, an Applicant may choose to apply for 10 NCDs of the same option or across dierent option;
13
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
• If the ASBA Account holder is dierent from the Applicant, the Application Form should be signed by the ASBA Account holder also, in accordance with the
instructions provided in the Application Form;
• If the depository account is held in joint names, the Application Form should contain the name and PAN of the person whose name appears rst in the
depository account and signature of only this person would be required in the Application Form. This Applicant would be deemed to have signed on behalf
of joint holders and would be required to give conrmation to this eect in the Application Form;
• Thumb impressions and signatures other than in English/Hindi/Gujarati/Marathi or any other languages specied in the 8
th
Schedule of the Constitution needs
to be attested by a Magistrate or Notary Public or a Special Executive Magistrate under his/her seal;
• All Applicants are required to ensure that the Application Forms are submitted at the Designated Branches of SCSBs or the Collection Centres provided in
the Application Forms, bearing the stamp of the relevant Designated Intermediary/Designated Branch of the SCSB;
• The Designated Intermediaries or the Designated Branches of the SCSBs, as the case may be, will acknowledge the receipt of the Application Forms by
stamping and returning to the Applicants the Acknowledgement Slip. This Acknowledgement Slip will serve as the duplicate of the Application Form for the
records of the Applicant;
• Applicants must ensure that the requisite documents are attached to the Application Form prior to submission and receipt of acknowledgement from the relevant
Designated Intermediaries or the Designated Branch of the SCSBs, as the case may be;
• All Applicants are required to check if they are eligible to apply as per the terms of this Abridged Prospectus and applicable law, rules, regulations, guidelines
and approvals;
• Every Applicant should hold valid Permanent Account Number and mention the same in the Application Form;
• All Applicants are required to tick the relevant column of “Category of Investor” in the Application Form;
• All Applicants should correctly mention the ASBA Account number and ensure that funds equal to the Application Amount are available in the ASBA Account
before submitting the Application Form to the Designated Branch and also ensure that the signature in the Application Form matches with the signature in
Applicant’s bank records, otherwise the Application is liable to be rejected;
• A system generated acknowledgement (TRS) will be given to the Applicant as a proof of the registration of each Application. It is the Applicant’s responsibility
to obtain the acknowledgement from the Designated Intermediaries and the Designated Branches of the SCSBs, as the case may be; and
• In case of any revision of Application in connection with any of the elds which are not allowed to be modied on the electronic application platform of
the Stock Exchanges as per the procedures and requirements prescribed by each relevant Stock Exchange, the Applicants should ensure that they have rst
withdrawn their original Application and submit a fresh Application.
The option, mode of allotment, PAN, demat account no. etc. should be captured by the relevant Designated Intermediaries in the data entries as such data entries
will be considered for Allotment.
Applicants should note that neither the Designated Intermediaries nor the SCSBs, as the case may be, will be liable for error in data entry due to incomplete
or illegible Application Forms.
B. Applicant’s Beneciary Account Details
Applicants must mention their DP ID, Client ID and UPI ID (wherever applicable) in the Application Form and ensure that the name provided in the Application
Form is exactly the same as the name in which the Beneciary Account is held. In case the Application Form is submitted in the rst Applicant’s name, it
should be ensured that the Beneciary Account is held in the same joint names and in the same sequence in which they appear in the Application Form. In
case the DP ID, Client ID, PAN and UPI ID (wherever applicable) mentioned in the Application Form and entered into the electronic system of the Stock
Exchange do not match with the DP ID, Client ID, PAN and UPI ID (wherever applicable) available in the Depository database or in case PAN is not available
in the Depository database, the Application Form is liable to be rejected. Further, Application Forms submitted by Applicants whose beneciary accounts are
inactive, will be rejected.
On the basis of the Demographic Details as appearing on the records of the DP, the Registrar to the Issue will take steps towards demat credit of NCDs. Hence,
Applicants are advised to immediately update their Demographic Details as appearing on the records of the DP and ensure that they are true and correct, and
carefully ll in their Beneciary Account details in the Application Form. Failure to do so could result in delays in demat credit and neither our Company,
Designated Intermediaries, SCSBs, Registrar to the Issue nor the Stock Exchange will bear any responsibility or liability for the same.
In case of Applications made under power of attorney, our Company in its absolute discretion, reserves the right to permit the holder of power of attorney
to request the Registrar that for the purpose of printing particulars on the Allotment Advice, the Demographic Details obtained from the Depository of the
Applicant shall be used.
By signing the Application Form, the Applicant would have deemed to have authorized the Depositories to provide, upon request, to the Registrar to the Issue,
the required Demographic Details as available on its records. The Demographic Details given by Applicant in the Application Form would not be used for any
other purpose by the Registrar to the Issue except in relation to this Issue. Allotment Advice would be mailed by speed post or registered post at the address
of the Applicants as per the Demographic Details received from the Depositories. Applicants may note that delivery of Allotment Advice may get delayed if
the same once sent to the address obtained from the Depositories are returned undelivered. Further, please note that any such delay shall be at such Applicants’
sole risk and neither our Company, Registrar to the Issue, Public Issue Account Bank, Sponsor Bank nor the Lead Manager shall be liable to compensate the
Applicant for any losses caused to the Applicants due to any such delay or liable to pay any interest for such delay. In case of refunds through electronic
modes as detailed in the Prospectus, refunds may be delayed if bank particulars obtained from the Depository Participant are incorrect.
With eect from August 16, 2010, the beneciary accounts of Applicants for whom PAN details have not been veried shall be suspended for credit and no
credit of NCDs pursuant to this Issue will be made into the accounts of such Applicants. Application Forms submitted by Applicants whose beneciary accounts
are inactive shall be rejected. Furthermore, in case no corresponding record is available with the Depositories, which matches the parameters, namely, DP ID,
Client ID, PAN and UPI ID (wherever applicable) then such Application are liable to be rejected.
14
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
C. Permanent Account Number
The Applicant should mention his or her Permanent Account Number allotted under the IT Act. For minor Applicants, applying through the guardian, it is
mandatory to mention the PAN of the minor Applicant. However, Applications on behalf of the Central or State Government ocials and the ocials appointed
by the courts in terms of a SEBI circular dated June 30, 2008 and Applicants residing in the state of Sikkim who in terms of a SEBI circular dated July 20,
2006 may be exempt from specifying their PAN for transacting in the securities market. In accordance with Circular No. MRD/DOP/Cir-05/2007 dated April
27, 2007 issued by SEBI, the PAN would be the sole identication number for the participants transacting in the securities market, irrespective of the amount
of transaction. Any Application Form, without the PAN is liable to be rejected, irrespective of the amount of transaction. It is to be specically noted that the
Applicants should not submit the GIR number instead of the PAN as the Application is liable to be rejected on this ground.
However, the exemption for the Central or State Government and the ocials appointed by the courts and for investors residing in the State of Sikkim is
subject to the Depository Participants’ verifying the veracity of such claims by collecting sucient documentary evidence in support of their claims. At the
time of ascertaining the validity of these Applications, the Registrar to the Issue will check under the Depository records for the appropriate description under
the PAN Field i.e., either Sikkim category or exempt category.
D. Joint Applications
Applications may be made in single or joint names (not exceeding three). In the case of joint Applications all interest / redemption amount payments will be
made out in favour of the rst Applicant. All communications will be addressed to the rst named Applicant whose name appears in the Application Form
and at the address mentioned therein. If the depository account is held in joint names, the Application Form should contain the name and PAN of the person
whose name appears rst in the depository account and signature of only this person would be required in the Application Form. This Applicant would be
deemed to have signed on behalf of joint holders and would be required to give conrmation to this eect in the Application Form.
E. Additional/Multiple Applications
An Applicant is allowed to make one or more Applications for the NCDs for the same or other option of NCDs, subject to a minimum Application size as
specied in the Prospectus and in multiples of thereafter as specied in the Prospectus. Any Application for an amount below the aforesaid minimum Application
size will be deemed as an invalid Application and shall be rejected. However, multiple Applications by the same individual Applicant aggregating to a value
exceeding ₹5 lakh shall be deemed such individual Applicant to be an HNI Applicant and all such Applications shall be grouped in the HNI Portion, for the
purpose of determining the Basis of Allotment to such Applicant. However, any Application made by any person in his individual capacity and an Application
made by such person in his capacity as a Karta of a Hindu Undivided family and/or as Applicant (second or third Applicant), shall not be deemed to be a
multiple Application. For the purposes of allotment of NCDs under this Issue, Applications shall be grouped based on the PAN, i.e., Applications under the
same PAN shall be grouped together and treated as one Application. Two or more Applications will be deemed to be multiple Applications if the sole or rst
Applicant is one and the same. For the sake of clarity, two or more applications shall be deemed to be a multiple Application for the aforesaid purpose if the
PAN number of the sole or the rst Applicant is one and the same.
REJECTION OF APPLICATIONS
Applications would be liable to be rejected on the technical grounds listed below or if all required information is not provided or the Application Form is incomplete
in any respect. The Board of Directors and/or the Debenture Committee thereof, reserves its full, unqualied and absolute right to accept or reject any Application
in whole or in part and in either case without assigning any reason thereof.
Application may be rejected on one or more technical grounds, including but not restricted to:
(a) Application by persons not competent to contract under the Indian Contract Act, 1872, as amended, (other than minors having valid Depository Account as
per Demographic Details provided by Depositories);
(b) Applications by persons prohibited from buying, selling or dealing in securities, directly or indirectly, by SEBI or any other regulatory authority;
(c) Applications accompanied by cash, draft, cheques, money order or any other mode of payment other than amounts blocked in the Applicants’ ASBA Account
maintained with an SCSB;
(d) Applications not being signed by the sole/joint Applicant(s);
(e) Investor Category in the Application Form not being ticked;
(f) Application Amount blocked being higher or lower than the value of NCDs Applied for. However, our Company may Allot NCDs up to the number of NCDs
Applied for, if the value of such NCDs Applied for exceeds the minimum Application size;
(g) Applications where a registered address in India is not provided for the non-Individual Applicants;
(h) In case of partnership rms (except LLPs), NCDs applied for in the name of the partnership and not the names of the individual partner(s);
(i) Minor Applicants (applying through the guardian) without mentioning the PAN of the minor Applicant;
(j) PAN not mentioned in the Application Form, except for Applications by or on behalf of the Central or State Government and the ocials appointed by the
courts and by investors residing in the State of Sikkim, provided such claims have been veried by the Depository Participants. In case of minor Applicants
applying through guardian when PAN of the Applicant is not mentioned;
(k) DP ID, Client ID or UPI ID (wherever applicable) not mentioned in the Application Form;
(l) GIR number furnished instead of PAN;
(m) Applications by OCBs;
(n) Applications for an amount below the minimum Application size;
(o) Submission of more than ve ASBA Forms per ASBA Account;
(p) Applications by persons who are not eligible to acquire NCDs of our Company in terms of applicable laws, rules, regulations, guidelines and approvals;
(q) Applications under power of attorney or by limited companies, corporate, trust etc. submitted without relevant documents;
(r) Applications accompanied by stock invest/ cheque/ money order/ postal order/ cash;
(s) Signature of sole Applicant missing, or in case of joint Applicants, the Application Forms not being signed by the rst Applicant (as per the order appearing
in the records of the Depository);
(t) Applications by persons debarred from accessing capital markets, by SEBI or any other appropriate regulatory authority;
15
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
(u) Application Forms not being signed by the ASBA Account holder, if the account holder is dierent from the Applicant;
(v) Signature of the ASBA Account holder on the Application Form does not match with the signature available on the SCSB bank’s records where the ASBA
Account mentioned in the Application Form is maintained;
(w) Application Forms submitted to the Designated Intermediaries or to the Designated Branches of the SCSBs does not bear the stamp of the SCSB and/or the
Designated Intermediary, as the case may be;
(x) ASBA Applications not having details of the ASBA Account or the UPI-linked Account to be blocked;
(y) In case no corresponding record is available with the Depositories that matches the parameters namely, DP ID, Client ID, UPI ID and PAN;
(z) Inadequate funds in the ASBA Account to enable the SCSB to block the Application Amount specied in the Application Form at the time of blocking such
Application Amount in the ASBA Account or no conrmation is received from the SCSB for blocking of funds;
(aa) SCSB making an Application (a) through an ASBA account maintained with its own self or (b) through an ASBA Account maintained through a dierent SCSB
not in its own name or (c) through an ASBA Account maintained through a dierent SCSB in its own name, where clear demarcated funds are not present or
(d) through an ASBA Account maintained through a dierent SCSB in its own name which ASBA Account is not utilised solely for the purpose of applying
in public issues;
(ab) Applications for amounts greater than the maximum permissible amount prescribed by the regulations and applicable law;
(ac) Authorization to the SCSB for blocking funds in the ASBA Account not provided;
(ad) Applications by any person outside India;
(ae) Applications not uploaded on the online platform of the Stock Exchange;
(af) Applications uploaded after the expiry of the allocated time on the Issue Closing Date, unless extended by the Stock Exchange, as applicable;
(ag) Application Forms not delivered by the Applicant within the time prescribed as per the Application Form, the Prospectus and as per the instructions in the
Application Form and the Prospectus;
(ah) Applications by Applicants whose demat accounts have been ‘suspended for credit’ pursuant to the circular issued by SEBI on July 29, 2010 bearing number
CIR/MRD/DP/22/2010;
(ai) Applications providing an inoperative demat account number;
(aj) Applications submitted to the Designated Intermediaries other than the Collection Centres or at a Branch of a SCSB which is not a Designated Branch;
(ak) Applications submitted directly to the Public Issue Bank (except in case the ASBA Account is maintained with the said bank as a SCSB);
(al) Investor category not ticked;
(am) In case of cancellation of one or more orders (series) within an Application, leading to total order quantity falling under the minimum quantity required for
a single Application;
(an) A UPI Investor applying through the UPI Mechanism, not having accepted the UPI Mandate Request by 5:00 pm on the third Working Day from the day of
bidding on the stock exchange except on the last day of the Issue Period, where the UPI Mandate Request not having been accepted by 5:00 pm of the next
Working Day; and
(ao) A non-UPI Investor making an Application under the UPI Mechanism, i.e., an Application for an amount more than ₹5 lakh.
BASIS OF ALLOTMENT
Basis of Allotment for NCDs
The Registrar will aggregate the Applications, based on the applications received through an electronic book from the Stock Exchange and determine the valid
Application for the purpose of drawing the basis of allocation.
Allocation Ratio
The Registrar will aggregate the Applications based on the Applications received through an electronic book from the Stock Exchange and determine the valid
applications for the purpose of drawing the basis of allocation. Grouping of the application received will be then done in the following manner:
Grouping of Applications and Allocation Ratio: Applications received from various applicants shall be grouped together on the following basis:
a. Applications received from Category I applicants: Applications received from Category I, shall be grouped together, (“Institutional Portion”);
b. Applications received from Category II applicants: Applications received from Category II, shall be grouped together,
(“Non-Institutional Portion”);
c. Applications received from Category III applicants: Applications received from Category III, shall be grouped together, (“Retail Individual Portion”).
For removal of doubt, “Institutional Portion”, “Non-Institutional Portion” and “Retail Individual Portion” are individually referred to as “Portion” and collectively
referred to as “Portions”.
For the purposes of determining the number of NCDs available for allocation to each of the abovementioned Portions, our Company shall have the discretion of
determining the number of NCDs to be Allotted over and above the Base Issue Size, in case our Company opts to retain any oversubscription in the Issue up to
` 5,000 lakh. The aggregate value of NCDs decided to be allotted over and above the Base Issue Size, (in case our Company opts to retain any oversubscription
in the Issue), and/or the aggregate value of NCDs up to the Base Issue Size shall be collectively termed as the “Overall Issue Size”.
Basis of Allotment for NCDs
Allotments in the rst instance:
i. Applicants belonging to the Category I, in the rst instance, will be allocated NCDs up to 10% of overall Issue Size on rst come rst serve basis (determined
on the basis of date of receipt of each Application duly acknowledged by the Lead Manager and their respective aliates/SCSB (Designated Branch or online
acknowledgement));
ii. Applicants belonging to the Category II, in the rst instance, will be allocated NCDs up to 40% of Overall Issue Size on rst come rst serve basis (determined
on the basis of date of receipt of each Application duly acknowledged by the Members of the Syndicate/Trading Members/SCSB (Designated Branch or online
acknowledgement));
16
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
iii. Applicants belonging to the Category III, in the rst instance, will be allocated NCDs up to 50% of Overall Issue Size on rst come rst serve basis (determined
on the basis of date of receipt of each Application duly acknowledged by the Members of the Syndicate/Trading Members/SCSB (Designated Branch or online
acknowledgement));
Allotments, in consultation with the Designated Stock Exchange, shall be made on date priority basis i.e., a rst-come rst-serve basis, based on the date of upload
of each Application in to the electronic book with Stock Exchange, in each Portion subject to the Allocation Ratio. However, on the date of oversubscription, the
Allotments would be made to the Applicants on proportionate basis.
(a) Under Subscription:
Under subscription, if any, in any Portion, priority in Allotments will be given in the following order:
(i) Individual Portion
(ii) Non-Institutional Portion and Resident Indian individuals and Hindu undivided families through the Karta applying who apply for NCDs aggregating to
a value exceeding ₹5 lakh;
(iii) Institutional Portion
(iv) on a rst come rst serve basis.
Within each Portion, priority in Allotments will be given on a rst-come-rst-serve basis, based on the date of upload of each Application into the electronic
system of the Stock Exchange.
For each Portion, all Applications uploaded into the electronic book with the Stock Exchange would be treated at par with each other. Allotment would be on
proportionate basis, where Applications uploaded into the Platform of the Stock Exchange on a particular date exceeds NCDs to be allotted for each Portion,
respectively.
Minimum allotment of 10 NCD and in multiples of 1 (one) NCD thereafter would be made in case of each valid Application.
(b) Allotments in case of oversubscription:
In case of an oversubscription, Allotments to the maximum extent, as possible, will be made on a rst-come rst-serve basis and thereafter on proportionate
basis, i.e. full Allotment of NCDs to the valid Applicants on a rst come rst serve basis for forms uploaded up to 5 pm of the date falling 1 (one) day prior
to the date of oversubscription and proportionate allotment of NCDs to the valid Applicants on the date of oversubscription (based on the date of upload of
the Application on the Stock Exchange Platform, in each Portion). In case of over subscription on date of opening of the Issue, the Allotment shall be made
on a proportionate basis. Applications received for the NCDs after the date of oversubscription will not be considered for Allotment.
In view of the same, the Investors are advised to refer to the Stock Exchange website at www.bseindia.com for details in respect of subscription.
(c) Proportionate Allotments: For each Portion, on the date of oversubscription:
(i) Allotments to the Applicants shall be made in proportion to their respective Application size, rounded o to the nearest integer;
(ii) If the process of rounding o to the nearest integer results in the actual allocation of NCDs being higher than the Issue Size, not all Applicants will
be allotted the number of NCDs arrived at after such rounding o. Rather, each Applicant whose Allotment size, prior to rounding o, had the highest
decimal point would be given preference;
(iii) In the event, there are more than one Applicant whose entitlement remain equal after the manner of distribution referred to above, our Company will
ensure that the Basis of Allotment is nalised by draw of lots in a fair and equitable manner; and
(d) Applicant applying for more than one Options of NCDs:
If an Applicant has applied for more than one Options of NCDs, and in case such Applicant is entitled to allocation of only a part of the aggregate number
of NCDs applied for due to such Applications received on the date of oversubscription, the option-wise allocation of NCDs to such Applicants shall be in
proportion to the number of NCDs with respect to each option, applied for by such Applicant, subject to rounding o to the nearest integer, as appropriate in
consultation with Lead Manager and Designated Stock Exchange.
In cases of odd proportion for Allotment made, our Company in consultation with the Lead Manager will Allot the residual NCD (s) in the following order:
(i) rst with monthly interest payment in decreasing order of tenor i.e., Series IX, VII, V, III, and I;
(ii) second with payment on cumulative options in decreasing order of tenor i.e., Series XI, X, VIII, VI, IV and II;
Hence using the above procedure, the order of Allotment for the residual NCD(s) will be: Series IX, VII, V, III, I, XI, X, VIII, VI, IV and II;
All decisions pertaining to the Basis of Allotment of NCDs pursuant to the Issue shall be taken by our Company in consultation with the Lead Manager, and the
Designated Stock Exchange and in compliance with the aforementioned provisions of the Prospectus.
Our Company would Allot Option I NCDs to all valid applications, wherein the Applicants have not indicated their choice of the relevant options of the NCDs.
Valid applications where the Application Amount received does not tally with or is less than the amount equivalent to value of number of NCDs applied for, may be
considered for Allotment, to the extent of the Application Amount paid rounded down to the nearest ₹ 1,000 in accordance with the pecking order mentioned above.
Retention of oversubscription
Our Company shall have an option to retain over-subscription up to the Issue limit.
INVESTOR WITHDRAWALS
Withdrawal of Applications during the Issue Period
Applicants can withdraw their Applications until the Issue Closing Date. In case an Applicant wishes to withdraw the Application during the Issue Period, the same
can be done by submitting a request for the same to the concerned Designated Intermediary who shall do the requisite.
In case of Applications (other than under the UPI Mechanism) were submitted to the Designated Intermediaries, upon receipt of the request for withdrawal from the
Applicant, the relevant Designated Intermediary, as the case may be, shall do the requisite, including deletion of details of the withdrawn Application Form from
the electronic system of the Stock Exchange and intimating the Designated Branch of the SCSB unblock of the funds blocked in the ASBA Account at the time of
making the Application. In case of Applications (other than under the UPI Mechanism) submitted directly to the Designated Branch of the SCSB, upon receipt of
the request for withdraw from the Applicant, the relevant Designated Branch shall do the requisite, including deletion of details of the withdrawn Application Form
from the electronic system of the Stock Exchange and unblocking of the funds in the ASBA Account, directly.
17
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
Withdrawal of Applications after the Issue Period
In case an Applicant wishes to withdraw the Application after the Issue Closing Date or early closure date, the same can be done by submitting a withdrawal
request to the Registrar to the Issue prior to the nalisation of the Basis of Allotment.
TERMS OF THE ISSUE
1. Minimum Subscription
In terms of the SEBI NCS Regulations, for an issuer undertaking a public issue of debt securities, the minimum subscription for public issue of debt securities
shall be 75% of the Base Issue. If our Company does not receive the minimum subscription of 75% of the Base Issue i.e. ₹3,750.00 lakh within the prescribed
timelines under Companies Act and any rules thereto, the entire subscription amount blocked shall be unblocked in the respective ASBA Accounts of each
Applicant, within eight Working Days from the date of closure of the Issue, provided wherein, the Application Amount has been transferred to the Public Issue
Account from the respective ASBA Accounts, such Application Amount shall be refunded from the Refund Account to the relevant ASBA Accounts(s) of the
Applicants within eight Working Days from the Issue Closing Date, failing which the Company will become liable to refund the Application Amount along
with interest at the rate 15 (fteen) percent per annum for the delayed period.
Under Section 39(3) of the Companies Act, 2013 read with Rule 11(2) of the Companies (Prospectus and Allotment of Securities) Rules, 2014 if the stated
minimum subscription amount is not received within the specied period, the application money received is to be credited only to the bank account from
which the subscription was remitted. To the extent possible, where the required information for making such refunds is available with our Company and/or
Registrar, refunds will be made to the account prescribed. However, where our Company and/or Registrar does not have the necessary information for making
such refunds, our Company and/or Registrar will follow the guidelines prescribed by SEBI in this regard included in the SEBI Master Circular.
2. Right to Recall or Redeem prior to Maturity – Not Applicable
3. Security
The Issue comprises of public issue of NCDs of face value of ₹ 1,000 each.
The principal amount of the NCDs to be issued in terms of the Prospectus together with all interest due on the NCDs, as well as all costs, charges, all fees,
remuneration of Debenture Trustee and expenses payable in respect thereof shall be secured by way of rst ranking pari passu charge with Existing Secured
Creditors, on all movable assets, including book debts and receivables, cash and bank balances, other movable assets, loans and advances, both present and
future of the Company equal to the value of one time of the NCDs outstanding plus interest accrued thereon.
Our Company will create the security for the NCDs in favour of the Debenture Trustee for the Debenture Holders holding the NCDs on the assets to ensure
100.00% security cover or higher security cover of the amount outstanding including interest in respect of the NCDs at any time.
In terms of the SEBI Master Circular for Debenture Trustees, our Company has entered into the Debenture Trusteeship Agreement and in furtherance thereof
intends to enter into a deed of agreement with the Debenture Trustee for the benet of the NCD Holders, (“Debenture Trust Deed”), the terms of which shall
govern the appointment of the Debenture Trustee and the issue of the NCDs.
Under the terms of the Debenture Trust Deed, our Company will covenant with the Debenture Trustee that it will pay the Debenture Holders holding the
NCDs the principal amount on the NCDs on the relevant redemption date and also that it will pay the interest due on the NCDs at the rate specied in the
Prospectus and in the Debenture Trust Deed.
The Debenture Trust Deed will also provide that our Company may withdraw any portion of the security subject to prior written consent of the Debenture
Trustee and/or may replace with another asset of the same or a higher value.
Our Company conrms that the Issue proceeds shall be kept in the Public Issue Account until the documents for creation of security i.e. the Debenture Trust
Deed, is executed.
Further, in the event our Company fails to execute the Debenture Trust Deed within a timeline specied under Regulation 18 of SEBI NCS Regulations, our
Company shall pay interest of at least 2% p.a. to each NCD Holder, over and above the agreed coupon rate, till the execution of the Debenture Trust Deed
For further details, please refer “Terms of the Issue” on page 147 of the Prospectus.
DEBT EQUITY RATIO
Debt - equity ratio:
The debt equity ratio of our Company on standalone basis, prior and post to this Issue as on December 31, 2023 is as follows:
(₹in lakhs)
Particulars
As on December 31, 2023
Pre- Issue
Post- Issue
#
Debt
Debt Securities 35,691.21 45,691.21
Borrowings (other than Debt Securities) 22,527.88 22,527.88
Total Debts 58,219.09 68,219.09
Equity
Equity Share Capital 2,941.88 2,941.88
Other Equity
Capital Reserve 2,280.63 2,280.63
Statutory Reserve Fund 3,277.97 3,277.97
Impairment Reserve 311.92 311.92
Retained Earnings 6,302.88 6,302.88
Other Comprehensive Income 20.43 20.43
Less: Unamortized expenses of Public Issues, term loans, and other prepaid expenses
Total Equity 15,135.70 15,135.70
Debt/Equity 3.85 4.51
18
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
#The debt-equity ratio post the Issue is indicative and is on account of inow of ₹10,000 lakh from the Issue and does not include contingent and o-balance sheet
liabilities. The actual debt-equity ratio post the Issue would depend upon the actual position of debt and equity on the date of allotment.
Notes:
1) The gures disclosed above are based on unaudited nancial results of the Company for nine months period ended December 31, 2023
2) Debt / Equity Ratio= Total Debt (Borrowings) / Net worth
3) The following events occurred between January 01, 2024 – April 17, 2024
1. Raising of funds through issuance of non-convertible debentures, loan from directors, issuance of Right shares and loans from banks
a. The Company from January 01,2024 till April 17,2024 has raised funds through issuance of Right Shares to its shareholders amounting to ₹699.99 lakhs.
2. Repayment of term loans, redemption of non-convertible securities, redemption of Perpetual debt instruments and repayment of loan from directors.
a. The Company from January 01,2024 till April 17,2024 has made repayment of term loans from banks amounting to ₹1661 lakhs.
b. The Company from January 01,2024 till April 17,2024 has redeemed secured privately placed non-convertible debentures amounting to ₹88.55 lakhs.
c. The Company from January 01,2024 till April 17,2024 has redeemed subordinate debts amounting to ₹641.77 lakhs.
d. The Company from January 01,2024 till April 17,2024 has redeemed perpetual debt instrument amounting to ₹300 lakhs.
e. The Company from January 01,2024 till April 17,2024 has repaid loan from directors amounting to ₹155 lakhs (₹145 lakhs to our Chairman and Whole-
time director Mathew Mathaininan and ₹10 lakhs to our whole-time director Ammini Mathew).
DECLARATION
We, the Directors of the Company, hereby certify and declare that all relevant provisions of the Companies Act and the rules prescribed thereunder, the guidelines
issued by the Government of India and/or the regulations/guidelines/circulars issued by the Reserve Bank of India and the Securities and Exchange Board of India,
established under Section 3 of the Securities and Exchange Board of India Act, 1992, as applicable, including the Securities and Exchange Board of India (Issue
and Listing of Non Convertible Securities) Regulations, 2021, have been complied with and no statement made in the Prospectus is contrary to the provisions of the
Companies Act, 2013, the Securities Contracts (Regulations) Act, 1956, the Securities and Exchange Board of India Act, 1992 or rules made there under, regulations
or guidelines or circulars issued, as the case may be. We conrm that the compliance with the Securities and Exchange Board of India Act, 1992 or rules made
there under does not imply that payment of dividend or interest or repayment of debt securities, is guaranteed by the Central Government.
We further certify that all the disclosures and statements made in the Prospectus are true and correct and do not omit disclosure of any material fact which may
make the statements made therein, in light of circumstances under which they were made, misleading and that the Prospectus does not contain any misstatements.
Furthermore, all the monies received under the oer shall be used only for the purposes and objects indicated in the Prospectus.
Signed by the Directors of our Company
Sd/-
_______________________
Richi Mathew
Managing Director
Sd/-
_______________________
Mathew Mathaininan
Chairman and Whole-Time Director
Sd/-
_______________________
Ammini Mathew
Whole Time Director
Sd/-
_______________________
Asha Richi Mathew
Non-Executive Director
Sd/-
_______________________
Anthony Robert John
Independent Director
Sd/-
_______________________
Dillark Justin
Independent Director
Date: May 02, 2024
Place: Thiruvananthapuram
FOR FURTHER DETAILS PLEASE REFER TO PROSPECTUS DATED May 02, 2024
(Please scan this QR Code to view the Prospectus)
19
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
BIDDING AND/OR COLLECTION CENTER DETAILS
TIMING FOR SUBMISSION OF APPLICATION FORMS
The Issue shall remain open for subscription on Working Days from 10:00 a.m. to 5:00 p.m. (Indian Standard Time) during the period indicated
above, except that the Issue may close on such earlier date or extended date (subject to a minimum period of three Working Days and a
maximum period of ten Working Days from the date of opening of the Issue and subject to not exceeding thirty days from ling the Prospectus
with ROC) as may be decided by the Board of Directors of our Company (“Board”) or Debenture Allotment Committee of the Board subject
to compliance with Regulation 33A of the SEBI NCS Regulation. In the event of such early closure or extension to this Issue, our Company
shall ensure that notice of the same is provided to the prospective investors through advertisement in all the newspapers in which pre-issue
advertisement for opening of this Issue has been given on or before such earlier or initial date of Issue Closure. Application Forms for the
Issue will be accepted only from 10:00 a.m. to 5:00 p.m. (Indian Standard Time) or such extended time as may be permitted by the Stock
Exchange, on Working Days during the Issue Period. On the Issue Closing Date, the Application Forms will be accepted only between 10:00
a.m. and 3:00 p.m. (Indian Standard Time) and uploaded until 5:00 p.m. or such extended time as may be permitted by the Stock Exchange.
Further, pending mandate requests for bids placed on the last day of bidding will be validated by 5:00 p.m. (Indian Standard Time) on one
Working Day after the Issue Closing Date.
Application (including Application under the UPI Mechanism) and any further changes to the Applications shall be accepted only between
10.00 a.m. and 5.00 p.m. (Indian Standard Time, “IST”) during the Issue Period as mentioned above by the Members of the Syndicate, Trading
Members and designated branches of SCSBs, except that on the Issue Closing Date when the Applications and any further changes in details in
Applications, if any, shall be accepted only between 10.00 a.m. and 3.00 p.m. (IST) and shall be uploaded until 5.00 p.m. (IST) or such extended
time as permitted by the Stock Exchanges. It is claried that the Applications not uploaded in the Stock Exchange Platform would be rejected.
Due to limitation of time available for uploading the Applications on the Issue Closing Date, the Applicants are advised to submit their
Applications one day prior to the Issue Closing Date and, in any case, no later than 3.00 p.m. (IST) on the Issue Closing Date. All times
mentioned in the Prospectus are Indian Standard Time. Applicants are cautioned that in the event a large number of Applications are received
on the Issue Closing Date, as is typically experienced in public oerings, some Applications may not get uploaded due to lack of sucient time.
Such Applications that cannot be uploaded will not be considered for allocation under the Issue. Applications will be accepted only on Business
Days, i.e., Monday to Friday (excluding any public holiday). Neither our Company, nor any Member of the Syndicate, Trading Members or
designated branches of SCSBs is liable for any failure in uploading the Applications due to faults in any software/hardware system or otherwise.
CENTERS FOR AVAILABILITY AND ACCEPTANCE OF APPLICATION FORMS
In relation to ASBA Applications submitted to the Lead Manager, Lead Brokers, sub-brokers or the Trading Members of the Stock Exchange
only in the Specied Cities (Mumbai, Chennai, Kolkata, Delhi, Ahmedabad, Rajkot, Jaipur, Bengaluru, Hyderabad, Pune, Vadodara and Surat),
the list of branches of the SCSBs at the Specied Cities named by the respective SCSBs to receive deposits of ASBA Applications from such
Lead Manager, Lead Brokers, sub-brokers or the Trading Members of the Stock Exchange is provided on www.sebi.gov.in or at such other
website as may be prescribed by SEBI from time to time. In accordance with SEBI Circular No. CIR/CFD/14/2012 dated October 4, 2012
and CIR/CFD/POLICYCELL/11/2015 dated November 10, 2015, Applicants can submit the Application Forms with the Registered Brokers at
the Broker Centers, CDPs at the Designated CDP Locations or the RTAs at the Designated RTA Locations, respective lists of which, including
details such as address and telephone number, are available at the website of the Stock Exchange at www.bseindia.com. For more information
on such branches collecting ASBA Applications from Members of the Syndicate or the Trading Members of the Stock Exchange only in the
Specied Cities, see the above mentioned web-link.
KOTAK SECURITIES LIMITED
AHMEDABAD 16TH FLOOR, SHAPATH - V, OPP. KARNAVATI CLUB, SARKHEJ-GANDHINAGAR HIGHWAY, AHMEDABAD - 380015 T:
26587276; BANGALORE ‘UMIYA LANDMARK’–II FLR., NO:10/7 -LAVELLE RD.T: 080-66203601; CHENNAI GRR BUSINESS CENTER,
NO.21, VAIDYARAMAN STREET, T NAGAR. T: 24303100/ 24303324; COIMBATORE 114, E-1, RACE COURSE ROAD, 68-116 TO 208-
249, 2ND FLOOR, MARIAMMAL TOWERS, COIMBATORE – 641018 P: 6699666; HYDERABAD 1-8-179/2/A,1ST FLOOR, USHA KIRAN
COMPLEX, ABOVE HDFC BANK, P G ROAD, SECUNDERABAD – 500 003. T:040-47009699/671 INDORE 314, CITI CENTRE, 570,
M.G. ROAD. T: 2537336; KOCHI 40/1400, 11TH FLOOR, ENSIGN ENCLAVE, JOS JUNCTION, M.G. ROAD. T: 0484-2377386/ 2378287;
KOLKATTA OSWAL CHAMBER, 503, B/2, 5TH FLOOR , 2 CHURCH LANE, KOLKATTA - 700001, TEL: 033-66156200; MANGALORE
NO.4, 3RD FLOOR, THE TRADE CENTRE, JYOTI CENTRE, BUNTS HOSTEL ROAD, NEAR JYOTI CIRCLE. T: 0824-424180; MUMBAI
32, GR FLR., RAJA BAHADUR COMPOUND, OPP BANK OF MAHARASHTRA, FORT, T: 22655084; NEW DELHI UNIT NUMBER
601 & 608, 6TH FLOOR, WORLD TRADE TOWER BUILDING, TOWER B, PLOT NUMBER C1, SECTOR 16, NOIDA, (NEW DELHI) -
201301.TEL: 0120-6760435/0120-4869326; SURAT KOTAK HOUSE, K G POINT, 1ST FLOOR, NR.GANGA PALACE, OPP.IDBI BANK,
GHODDOD ROAD. T: 0261-5532333/ 2254553;
PRAVIN RATILAL SHARE AND STOCK BROKER LIMITED
AHMEDABAD :- SAKAR-I, 5
TH
FLOOR OPP. GANDHIGRAM RAILWAY STATION, NAVRANGPURA, AHMEDABAD – 380009. TE:
079-55302700
JOBANPUTRA FISCAL SERVICES PRIVATE LIMITED
RAJKOT : 508 AALAP - A, SUBHASH ROAD, LIMBDA CHOWK, RAJKOT 360 001
20
MUTHOOT MERCANTILE LIMITED
ABRIDGED PROSPECTUS
DBFS SECURITIES LIMITED
ALAPPUZHA: NIZA CENTRE, GENERAL HOSPITAL JUNCTION, NEAR SBT, ALAPPUZHA-688001, (M): 9633306102; ANGAMALY
GG TOWER, ALUVA ROAD, ANGAMALY – 683572; BANGALORE: 1ST FLOOR, NO.45, SRI VENGAMAMBA COMPLEX, OIL MILL
ROAD, KAMMANAHALLI, BANGALORE-560084 (M): 9342552341; CHANGANASSERY: 1ST FLOOR, KH TRADE CENTER, M C
ROAD, NEAR PERUNNA BUS STAND, CHANGANSSERY, KOTTAYAM-686102 CHENGANNUR: 1ST FLOOR, POURNAMI BUILDING,
GOVERNMENT HOSPITAL JUNCTION, M C ROAD, CHENGANNUR-689121, (M): 9895017830; CHENNAI: FIRST FLOOR, NO: 122,
NEAR SURNA SILVER HOUSE, RAJAJI ROAD, WEST THAMBARAM, TAMIL NADU – 60044; CHERTHALA: JT TRADE CENTRE, A
C ROAD, NEAR X-RAY JUNCTION, CHERTHALA - 688524 (M) 7994993976; COIMBATORE: 1064, METTUPALAYAM ROAD, NEAR
LOTUS EYE HOSPITAL, R S PURAM, COIMBATORE-641002 (T): 0422 3219920; COLACHAL: DOOR NO. 3-7/5, FIRST FLOOR, VMN
BUILDING, MAIN ROAD, ANNA STATUE, COLACHAL, KANYAKUMARI TAMIL NADU – 629251; DINDIGUL: 49 A, 1ST FLOOR,
MOUNSPURAM 5TH LANE, DINDIGUL PALANI ROAD, DINDIGUL, TAMIL NADU-624001; ERODE: NO. 5/1 IST FLOOR DHAMU
COMPLEX, CHINNAMUTHU MAIN STREET, EK VALASU ROAD ERODE-638011 (M): 9092040252; HOSKOTE: 1ST FLOOR, KHAYUM
COMPLEX, K.R ROAD, HOSKOTE -562114 (M) 9344205219; HOSUR: NO.74 A/31-2, 2ND FLOOR, BAGALUR ROAD, HOSUR-635109 K R
PURAM: NO 326/3/1, 1ST FLOOR, VANDANA COMPLEX, NEW BAZAAR STREET, K.R.PURAM, BANGALORE-560036 (M): 9633006981;
KANJIRAPPALLY: 1
ST
FLOOR, NANDIKATTU KANDATHIL BUILDING, OPP. PRIVATE BUS STAND,K K ROAD, KANJIRAPPALLY (M):
9349038017; KANYAKUMARI: DOOR NO. 17/52B, FIRST FLOOR, GOPAL DRIVING SCHOOL, MADAVAPURAM, KANYAKUMARI,
TAMIL NADU – 629702; KASARAGOD: 1ST FLOOR, CITY CENTRE, KMC 3/434 A 32& 3/464 A 33, BANK ROAD, KASARAGODDT,
PIN-671121 (M): 9387435614; KAZHAKUTTOM: TC: 1/2220 & TC: 1/2221, 1ST FLOOR, KP2/613, PADIYATTU VILAKAM, MAMATHA
NAGAR - 15, KAZHAKUTTOM - MENAMKULAM (PART), THIRUVANATHAPURAM, KERALA-695582 (M) 9746644462; KOCHI: 2
ND
FLOOR, CHAMMANY CHAMBERS, KALOOR- KADAVANTHRA ROAD, KALOOR, KOCHI - 682017; KOTTARAKKARA: 1ST FLOOR,
MAKAYIRAM BUILDING, SHOP NO -6/354, KOTTARAKKARA VILLAGE, KOLLAM DIST – 691531; KOTTAYAM: FIRST FLOOR,
PULICKAL TOWER, S.H MOUNT P.O, KOTTAYAM-686006 (M): 9349038011; KOZHIKODE: 13/507-B-29, YAMUNA ARCADE, KALLAI
ROAD, CHALAPPURAM P O, KOZHIKODE-673002 (M): 9388563944; MADURAI: NO. 757A, ANNANAGAR 3RD CROSS STREET,
OPPOSITE IOB BANK, MADURAI- 625020 (T): 0452-2342218; MALLESWARAM: 1ST FLOOR, NO 196, SAMPIGE ROAD, BETWEEN
10TH TO 11TH CROSS, MALLESHWARAM, BANGALORE-560003, LAND MARK: NEXT TO CROMA. MANJERI: 33/1662,1663 , FIRST
FLOOR ,CHOLAYIL COMPLEX, NEAR KACHERIPADI MASJID, COURT ROAD .MANJERI -676121; MANNARKKAD: ROOM NO:
4/335,4/336, FIRST FLOOR, AMBADATH TOWER, MANNARKKAD-678582; MAVELIKKARA: MEKKATHILS BUILDING, PULIMOODU,
MAVELIKARA 690101; MYSORE: #159/K-20, 1ST FLOOR, N.S ROAD, K.R MOHALLA, MYSORE-570024, LAND MARK: ABOVE SOUTH
CAFÉ, NEXT TO SBI (M): 9341005219; NAGARCOIL: BUILDING NO. 541, FIRST FLOOR, CROSS BUILDING, K.P. ROAD, NAGERCOIL,
TAMILNADU – 629001; PALA: 1
ST
FLOOR, PUTHUMANA ARCADE, NEAR KOTTARAMATTOM BUS STAND, VELLAPPAD, PALA P
O-686575 (M): 9349038010; PALAKKAD: DOOR NO: 41/1259 – 22, DOHA PLAZA, NEAR LIC,DPO ROAD, PALAKKAD – 678014 (M):
9388924545; PEENYA: CHANDRU COMPEX, 1ST FLOOR, DOOR NO 7, PEENYA 2ND STAGE, NEAR BUS STOP, BANGALORE-560058;
PERINTHALMANNA: 1ST FLOOR, KULATHINGAL COMPLEX, ICICI BANK BUILDING, MANNARKKAD ROAD, NEAR KSRTC
STAND, PERINTHALMANNA-679322, (M): 9895017811; POLLACHI: 2ND FLOOR,DOOR NO40, M.K.G COMPLEX, NEW SCHEME
ROAD, OPP CANARA BANK POLLACHI, COIMBATORE 642001; SALEM: SHOP NO. 16 & 17 I FLOOR, A K SHOPPING COMPLEX,
1/171, OPP. SARADA COLLEGE MAIN ROAD, SALEM 636016 (T): 9789057268; THALASSERY: 1ST FLOOR, DELUXE TOWER, LOGANS
ROAD, FASHION STREET, THALASSERY, KERALA-670101, (M): 9645008540; THENI: NO 143, EDAMAL STREET, ARAVIND DENTAL
CARE BUILDING, NEAR NADAR GIRLS SCHOOL, THENI - 625531 (T): 04546-261338; THRISSUR: NO 9/640/35/1, FIRST FLOOR, C J
TOWER, IKKANDA WARRIER ROAD, THRISSUR – 680001, (M): 9895931243; TIRUNELVELI: NOORA PLAZA, DOOR NO.194N, KTC
BODYGUARDS (OPP), PALAYAMKOTTAI MARKET, TIRUNELVELI-627002 (T): 9025895544; TRICHY: STERLING HEALTH PARK,
DOOR NO 2, 1ST FLOOR, NEAR PETROL BANK,9TH ‘A’ CROSS,THILLAI NAGAR, TRICHY, TAMIL NADU – 620018. (M): 9597340002
TRIVANDRUM: 1ST FLOOR, SM COMPLEX, KARAMANA P O, THIRUVANANTHAPURAM-695002 (M): 7356756888; VADAKARA:
FIRST FLOOR NO:8/963-52,53 , INORBIT CENTRE, NESTO SPACE HOLDINGS, MARKET ROAD, NEAR BSNL VADAKARA , CALICUT
-673101; VELLORE: 1ST FLOOR, NO: 240, DHARMARAJA KOIL STREET, OPP: CMC HOSPITAL EXIT GATE, KADPADI ROAD,
VELLORE TAMIL NADU-632004
TRUST SECURITIES SERIVCES PRIVATE LIMITED
MUMBAI: 1202, NAMAN CENTRE, BKC, BANDRA MUMBAI – 400051 | PHONE :- +9122265675336
SBICAP SECURITIES LIMITED
MUMBAI: SBICAP SECURITIES LIMITED, MARATHON FUTUREX, UNIT 1201, B WING, 12TH FLOOR, N.M. JOSHI MARG, MAFATLAL
MILL COMPOUND, LOWER PAREL (EAST), MUMBAI – 400013
List of Self Certied Syndicate Bank under the ASBA process is available on the SEBI website at http://www.sebi.gov.in/
sebiweb/other/OtherAction.do?doRecognised=yes
