Comparison between IIFL Home Finance NCD December 2021 and Muthoot Fincorp NCD January 2022 .
IIFL Home Finance NCD December 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Fincorp NCD January 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Home 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) | RHP (Shelf) | |
| NCD Rating | The Secured NCDs have been rated “CRISIL AA/Stable” (stable outlook) for an amount of ₹50,000 million by CRISIL Ratings Limited and “BWR AA+/ Negative (Assigned)” (Negative outlook”) for an amount of ₹ 50,000 million by Brickwork Ratings India Private Limited. | The issue has been rated “CRISIL A+/Stable” by CRISIL 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 | Trust Investment Advisors Pvt.Ltd. IIFL Capital Services Ltd. ICICI Securities 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 Home Finance NCD December 2021 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD January 2022 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Home 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 | CRISIL AA/Stable and BWR AA+/ Negative | CRISIL A+/Stable for an amount of Rs 400 crores by CRISIL |
| Tenor | 36, 60, 84 Months | 27/38/60/72/96/ Months |
| Series | Series 1 to 8 | Series I to Series X |
| Payment Frequency | Monthly |
Offering period of IIFL Home Finance NCD December 2021 and Muthoot Fincorp NCD January 2022 is mentioned.
| IIFL Home Finance Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Dec 08, 2021 | Jan 05, 2022 |
| Bid/Offer Closes On | Dec 28, 2021 | Jan 28, 2022 |
In IIFL Home Finance NCD December 2021 QIBs portion includes 2,00,000 shares and 3,50,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD January 2022 QIBs portion includes 1,00,000 shares and 11,00,000 shares offered are offered to retail investors.
| IIFL Home Finance Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Institutional | 2,00,000 shares | 1,00,000 shares |
| Non Institutional | 1,00,000 shares | 8,00,000 shares |
| HNI | 3,50,000 shares | |
| Retail | 3,50,000 shares | 11,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 20,00,000 shares |
