Comparison between Indiabulls Housing Fin. Tranche III NCD Oct 2023 and Muthoot Mercantile NCD Nov 2023.
Indiabulls Housing Fin. Tranche III NCD Oct 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Mercantile NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Indiabulls Housing Finance Ltd. | Muthoot Mercantile 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) | DRHP (Shelf) | |
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (Stable) by ICRA Limited with such ratings considered to have a stable outlook. | The NCDs proposed to be issued under this Issue have been rated “IND BBB/Stable”, by India Ratings & Research Private Limited |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. Elara Capital (India) Pvt.Ltd. Nuvama Wealth Management Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | IDBI Trusteeship Services Ltd. | Mitcon Credentia Trusteeship Services Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Indiabulls Housing Fin. Tranche III NCD Oct 2023 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Mercantile NCD Nov 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indiabulls Housing Finance Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹200.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 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 | |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited | IND BBB/Stable by by India Ratings & Research Private Limited |
| Tenor | 24, 36, 60, 84 and 120 Months | 367days, 18, 24, 36, 60, 75 months |
| Series | Series I to XII | Series I to XI |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly and Cumulative |
Offering period of Indiabulls Housing Fin. Tranche III NCD Oct 2023 and Muthoot Mercantile NCD Nov 2023 is mentioned.
| Indiabulls Housing Finance Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Oct 20, 2023 | Dec 04, 2023 |
| Bid/Offer Closes On | Nov 03, 2023 | Dec 15, 2023 |
In Indiabulls Housing Fin. Tranche III NCD Oct 2023 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors. In Muthoot Mercantile NCD Nov 2023 QIBs portion includes 1,00,000 shares and 5,00,000 shares offered are offered to retail investors.
| Indiabulls Housing Finance Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Institutional | 3,00,000 shares | 1,00,000 shares |
| Non Institutional | 1,00,000 shares | 4,00,000 shares |
| HNI | 3,00,000 shares | |
| Retail | 3,00,000 shares | 5,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
