Comparison between Indel Money NCD June 2023 and Muthoot Fincorp NCD April 2023.
Indel Money NCD June 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD April 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  | DRHP |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The company has received a rating of BBB +/Stable (pronounced as CRISIL triple B plus rating with Stable outlook) by Crisil Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. | 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 | Vistra ITCL India 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 June 2023 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD April 2023 issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indel Money Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹50.00 Cr | ₹150.00 Cr |
| Issue Size (Shelf) | ₹100.00 Cr | ₹300.00 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 | BBB +/Stable rating by Crisil Ratings Limited. | CRISIL AA-/Stable by CRISIL Ratings Limited |
| Tenor | 400 days, 24, 61, and 72 months. | 27, 42, 60 and 84 Months |
| Series | Series I to VII | Series I to VIII |
| Payment Frequency | Monthly and Cumulative | Monthly, Annual and Cumulative |
Offering period of Indel Money NCD June 2023 and Muthoot Fincorp NCD April 2023 is mentioned.
| Indel Money Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jun 06, 2023 | Apr 12, 2023 |
| Bid/Offer Closes On | Jun 19, 2023 | Apr 26, 2023 |
In Indel Money NCD June 2023 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD April 2023 QIBs portion includes 75,000 shares and 9,00,000 shares offered are offered to retail investors.
| Indel Money Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Institutional | 50,000 shares | 75,000 shares |
| Non Institutional | 2,00,000 shares | 5,25,000 shares |
| HNI | ||
| Retail | 2,50,000 shares | 9,00,000 shares |
| Others | ||
| Total | 5,00,000 shares | 15,00,000 shares |
