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Indel Money NCD January 2024 vs Muthoot Fincorp NCD January Tranche III 2023

Comparision between Indel Money NCD January 2024 and Muthoot Fincorp NCD January Tranche III 2023.

NCD Details

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 Limited Muthoot Fincorp Limited
Logo Indel Money NCD January 2024 Logo Muthoot Fincorp NCD January Tranche III 2023 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 Link Intime India Private Ltd Integrated Registry Management Services Private Limited
Lead Managers Vivro Financial Services Private Limited Smc Capitals Limited
Debenture Trusties Catalyst Trusteeship Limited Vardhman Trusteeship Private Limited
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. 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 Limited Muthoot Fincorp Limited
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
Coupon Incentive

NCD Timetable

Offering period of Indel Money NCD January 2024 and Muthoot Fincorp NCD January Tranche III 2023 is mentioned.

  Indel Money Limited Muthoot Fincorp Limited
Bid/Offer Opens On Jan 30, 2024 Jan 12, 2024
Bid/Offer Closes On Feb 12, 2024 Jan 25, 2024

Shares Offered to Different Investor Category

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 Limited Muthoot Fincorp Limited
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

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