Comparison between IIFL Finance NCD September 2021 and Muthoot Fincorp NCD September 2021.
IIFL Finance NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Fincorp NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Finance Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE, NSE | BSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs have been rated CRISIL AA/Stable by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited. | The issue has been rated “CRISILA+/Stable” by CRISIL Ratings Limited for an amount of ₹ 400 Crores. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk. |
| Registrar | MUFG Intime India Pvt.Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Lead Managers | IIFL Capital Services Ltd. Equirus Capital Ltd. Edelweiss Financial Services Ltd. | SMC Capitals Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. IIFL Finance NCD September 2021 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD September 2021 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹900.00 Cr | ₹200.00 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/Stable & BWR AA+/ Negative | ‘"CRISILA+/Stable" by CRISIL Ratings |
| Tenor | 24, 36 and 60 Months | 27, 38, 60, 72, and 87 Months |
| Series | Series I to Series X | |
| Payment Frequency | Annual, Cumulative | Monthly and Cumulative |
Offering period of IIFL Finance NCD September 2021 and Muthoot Fincorp NCD September 2021 is mentioned.
| IIFL Finance Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 27, 2021 | Sep 30, 2021 |
| Bid/Offer Closes On | Oct 08, 2021 | Oct 26, 2021 |
In IIFL Finance NCD September 2021 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD September 2021 QIBs portion includes 1,00,000 shares and 11,00,000 shares offered are offered to retail investors.
| IIFL Finance Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Institutional | 1,00,000 shares | 1,00,000 shares |
| Non Institutional | 1,00,000 shares | 8,00,000 shares |
| HNI | 4,00,000 shares | |
| Retail | 4,00,000 shares | 11,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 20,00,000 shares |
