Comparison between Arka Fincap NCD Tranche I Nov 2023 and Muthoot Fincorp NCD January Tranche III 2023.
Arka Fincap NCD Tranche I Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD January Tranche III 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Arka Fincap Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE | BSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | ||
| RHP (Base) | RHP  | RHP |
| DRHP (Shelf) | DRHP (Shelf) | DRHP (Shelf) |
| RHP (Shelf) | RHP (Shelf) | RHP (Shelf) |
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated CRISIL AA-/Positive by CRISIL Ratings Limited, with such ratings considered to have a stable outlook. | The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. |
| Registrar | MUFG Intime India Pvt.Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Lead Managers | Nuvama Wealth Management Ltd. JM Financial Ltd. | SMC Capitals Ltd. |
| Debenture Trustees | Catalyst Trusteeship Ltd. | Vardhman Trusteeship Pvt.Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Arka Fincap NCD Tranche I Nov 2023 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD January Tranche III 2023 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| Arka Fincap Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ₹500.00 Cr | ₹1,100.00 Cr |
| Issue Price | ₹1,000.00 per NCD | ₹1,000.00 per NCD |
| Face Value | ₹1,000.00 per NCD | ₹1,000.00 per NCD |
| Minimum Lot size | 10 NCD | 10 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | “ CRISIL AA-/ Positive” by CRISIL Ratings Limited | CRISIL AA- /Stable by CRISIL Ratings Limited |
| Tenor | 24, 36 and 60 Months | 24, 36, 60 and 96 Months |
| Series | Series I to VI | Series I to X |
| Payment Frequency | Quarterly and Annually | Monthly, Annual and Cumulative |
Offering period of Arka Fincap NCD Tranche I Nov 2023 and Muthoot Fincorp NCD January Tranche III 2023 is mentioned.
| Arka Fincap Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Dec 07, 2023 | Jan 12, 2024 |
| Bid/Offer Closes On | Dec 20, 2023 | Jan 25, 2024 |
In Arka Fincap NCD Tranche I Nov 2023 QIBs portion includes 3,75,000 shares and 3,75,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD January Tranche III 2023 QIBs portion includes 37,500 shares and 4,50,000 shares offered are offered to retail investors.
| Arka Fincap Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Institutional | 3,75,000 shares | 37,500 shares |
| Non Institutional | 3,75,000 shares | 2,62,500 shares |
| HNI | 3,75,000 shares | |
| Retail | 3,75,000 shares | 4,50,000 shares |
| Others | ||
| Total | 15,00,000 shares | 7,50,000 shares |
