Comparison between Indel Money NCD January 2024 and Muthoot Fincorp NCD January Tranche III 2023.
Indel Money NCD January 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD January Tranche III 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Indel Money Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured 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) | DRHP  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated CRISIL BBB+/Stable by CRISIL Ratings Limited. With this rating, they are considered to have a moderate degree of safety and moderate credit risk. | The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. |
| Registrar | MUFG Intime India Pvt.Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | SMC Capitals Ltd. |
| Debenture Trustees | Catalyst Trusteeship Ltd. | Vardhman Trusteeship Pvt.Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Indel Money NCD January 2024 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD January Tranche III 2023 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indel Money Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ₹1,100.00 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 BBB+/Stable by by CRISIL Ratings Limited | CRISIL AA- /Stable by CRISIL Ratings Limited |
| Tenor | 366 days, 24, 36, 60 and 72 months | 24, 36, 60 and 96 Months |
| Series | Series I to VIII | Series I to X |
| Payment Frequency | Monthly and Cumulative | Monthly, Annual and Cumulative |
Offering period of Indel Money NCD January 2024 and Muthoot Fincorp NCD January Tranche III 2023 is mentioned.
| Indel Money Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jan 30, 2024 | Jan 12, 2024 |
| Bid/Offer Closes On | Feb 12, 2024 | Jan 25, 2024 |
In Indel Money NCD January 2024 QIBs portion includes 1,00,000 shares and 5,00,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD January Tranche III 2023 QIBs portion includes 37,500 shares and 4,50,000 shares offered are offered to retail investors.
| Indel Money Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Institutional | 1,00,000 shares | 37,500 shares |
| Non Institutional | 4,00,000 shares | 2,62,500 shares |
| HNI | ||
| Retail | 5,00,000 shares | 4,50,000 shares |
| Others | ||
| Total | 10,00,000 shares | 7,50,000 shares |
