Comparison between Indel Money NCD May 2022 and Muthoot Finance Limited Tranche II NCD May 2022.
Indel Money NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Finance Limited Tranche II NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Indel Money Ltd. | Muthoot Finance 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 | |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The issue has been rated Acuite BBB+/Stable by Acuite Ratings & Research Limited. Instruments with this rating are considered to have a moderate degree of safety and moderate credit risk. | The NCDs proposed to be issued under the Issue have been rated [ICRA] AA+/Stable by ICRA Limited such ratings are considered to have a stable outlook. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | A.K.Capital Services 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. Indel Money NCD May 2022 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance Limited Tranche II NCD May 2022 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indel Money Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹50.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ₹50.00 Cr | ₹225.00 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 | Acuite BBB+/Stable by Acuite Ratings & Research Limited | ICRA AA+/Stable |
| Tenor | 366 days, 18, 24, 61 and 77 Months | 36, 60 and 84 months |
| Series | Series I to Series VIII | Series I to VII |
| Payment Frequency | Monthly and Cumulative | Monthly and Annually |
Offering period of Indel Money NCD May 2022 and Muthoot Finance Limited Tranche II NCD May 2022 is mentioned.
| Indel Money Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | May 27, 2022 | May 25, 2022 |
| Bid/Offer Closes On | Jun 22, 2022 | Jun 17, 2022 |
In Indel Money NCD May 2022 QIBs portion includes and offered are offered to retail investors. In Muthoot Finance Limited Tranche II NCD May 2022 QIBs portion includes 37,500 shares and 3,75,000 shares offered are offered to retail investors.
| Indel Money Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Institutional | 37,500 shares | |
| Non Institutional | 37,500 shares | |
| HNI | 3,00,000 shares | |
| Retail | 3,75,000 shares | |
| Others | ||
| Total | 5,00,000 shares | 7,50,000 shares |
