Comparison between InCred Financial Services NCD January 2022 and Muthoot Fincorp NCD January 2022 .
InCred Financial Services NCD January 2022 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.
| InCred Financial Services 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 | CRISIL Ratings has assigned "CRISIL A" rating to the Debt instrument and placed the rating under "Rating Watch with Positive Implications". Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. | 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 | Sundae Capital Advisors Pvt.Ltd. Incred Capital Financial Services Pvt.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. InCred Financial Services NCD January 2022 issue size is ₹125.00 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.
| InCred Financial Services Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹125.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹25.00 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 A | CRISIL A+/Stable for an amount of Rs 400 crores by CRISIL |
| Tenor | 12 months and 1 day/ 24 months | 27/38/60/72/96/ Months |
| Series | Series I to Series III | Series I to Series X |
| Payment Frequency | Annual and Cumulative | Monthly |
Offering period of InCred Financial Services NCD January 2022 and Muthoot Fincorp NCD January 2022 is mentioned.
| InCred Financial Services Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jan 24, 2022 | Jan 05, 2022 |
| Bid/Offer Closes On | Feb 14, 2022 | Jan 28, 2022 |
In InCred Financial Services NCD January 2022 QIBs portion includes 62,500 shares and 8,75,000 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.
| InCred Financial Services Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Institutional | 62,500 shares | 1,00,000 shares |
| Non Institutional | 2,50,000 shares | 8,00,000 shares |
| HNI | 62,500 shares | |
| Retail | 8,75,000 shares | 11,00,000 shares |
| Others | ||
| Total | 12,50,000 shares | 20,00,000 shares |
