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IIFL Finance NCD vs Muthoot Finance Limited Tranche III NCD

Comparision between IIFL Finance NCD and Muthoot Finance Limited Tranche III NCD.

NCD Details

IIFL Finance NCD is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE while Muthoot Finance Limited Tranche III NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  IIFL Finance Limited Muthoot Finance Limited
Logo IIFL Finance NCD Logo Muthoot Finance Limited Tranche III NCD Logo
Security Type Unsecured Subordinated Non-Convertible Debentures (Unsecured 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)
RHP (Shelf)
NCD Rating
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Edelweiss Financial Services Ltd

Equirus Capital Private Limited
A.K. Capital Services Limited

Edelweiss Financial Services Ltd

Equirus Capital Private Limited

Jm Financial Limited
Debenture Trusties
NRI Allowed No No
Allotment Link

Issue Size and Price and Other Details

Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. IIFL Finance NCD issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance Limited Tranche III NCD issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  IIFL Finance Limited Muthoot Finance Limited
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹900.00 Cr ₹1,600.00 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 10 NCD 1 NCD
Credit Rating The NCDs have been rated CRISIL AA/Negative by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited. The NCDs have been rated ‘[ICRA] AA+/ “Stable” by ICRA and “CRISIL AA+/Stable” by CRISIL
Tenor 87 Months
Series
Payment Frequency Monthly, Annually, At Maturity
Coupon Incentive

NCD Timetable

Offering period of IIFL Finance NCD and Muthoot Finance Limited Tranche III NCD is mentioned.

  IIFL Finance Limited Muthoot Finance Limited
Bid/Offer Opens On Mar 03, 2021 Apr 08, 2021
Bid/Offer Closes On Mar 18, 2021 Apr 12, 2021

Shares Offered to Different Investor Category

In IIFL Finance NCD QIBs portion includes and offered are offered to retail investors. In Muthoot Finance Limited Tranche III NCD QIBs portion includes and offered are offered to retail investors.

  IIFL Finance Limited Muthoot Finance Limited
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 10,00,000 shares

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