Comparison between IIFL Finance NCD and Muthoot Fincorp Limited NCD April 2020.
IIFL Finance NCD is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE while Muthoot Fincorp Limited NCD April 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Finance Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| 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 | MUFG Intime India Pvt.Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Lead Managers | 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 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp Limited NCD April 2020 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 | 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 “A+ (Stable)” by CRISIL Limited |
| Tenor | 87 Months | |
| Series | ||
| Payment Frequency | Monthly, Annually, At Maturity |
Offering period of IIFL Finance NCD and Muthoot Fincorp Limited NCD April 2020 is mentioned.
| IIFL Finance Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Mar 03, 2021 | Apr 07, 2021 |
| Bid/Offer Closes On | Mar 18, 2021 | Apr 29, 2021 |
In IIFL Finance NCD QIBs portion includes and offered are offered to retail investors. In Muthoot Fincorp Limited NCD April 2020 QIBs portion includes 1,00,000 shares and offered are offered to retail investors.
| IIFL Finance Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Institutional | 1,00,000 shares | |
| Non Institutional | 8,00,000 shares | |
| HNI | 11,00,000 shares | |
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 20,00,000 shares |
