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Comparision between L&T Finance NCD March 2019 and Muthoot Homefin NCD (March 2019).
L&T Finance NCD March 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Homefin NCD (March 2019) is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| L&T Finance Limited | Muthoot Homefin (India) 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) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated '[ICRA] AAA (stable) (pronounced as ICRA triple-A with Stable outlook)' for an amount of Rs 5,00,000 lakhs, by ICRA Limited ("ICRA"), CARE AAA / Stable (pronounced as CARE triple-A with Stable Outlook) for an amount of Rs 5,00,000 lakhs, by CARE Ratings Ltd. ("CARE") and IND AAA / Stable (pronounced as IND triple-A with Stable outlook) for an amount of Rs 5,00,000 lakhs, by India Ratings and Research Private Limited ("India Ratings"). The rating of NCDs by ICRA, CARE and India Ratings indicate that instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations and carry lowest credit risk. |
CRISIL has assigned its 'CRISIL AA/Stable' on the non-convertible debentures of Muthoot Homefin India Limited (Muthoot Homefin). The rating on long-term bank facilities has been reaffirmed at 'CRISIL AA/Stable'. |
| Registrar | Link Intime India Private Ltd | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited Axis Bank Limited Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited |
Edelweiss Financial Services Ltd |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. L&T Finance NCD March 2019 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Homefin NCD (March 2019) issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.
| L&T Finance Limited | Muthoot Homefin (India) Ltd | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹150.00 Cr |
| Issue Size (Shelf) | ₹1,000.00 Cr | ₹150.00 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 | ICRA AAA/Stable, CARE AAA/Stable, IND AAA/Stable | CRISIL AA/Stable |
| Tenor | 37 months, 60 months and 120 months | 24 months/38 months/60 months/90 months |
| Series | Series 1 to Series 6 |
Series 1 to Series 10 |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly |
| Coupon Incentive |
Offering period of L&T Finance NCD March 2019 and Muthoot Homefin NCD (March 2019) is mentioned.
| L&T Finance Limited | Muthoot Homefin (India) Ltd | |
|---|---|---|
| Bid/Offer Opens On | Mar 06, 2019 | Apr 08, 2019 |
| Bid/Offer Closes On | Mar 07, 2019 | May 07, 2019 |
In L&T Finance NCD March 2019 QIBs portion includes and offered are offered to retail investors. In Muthoot Homefin NCD (March 2019) QIBs portion includes and offered are offered to retail investors.
| L&T Finance Limited | Muthoot Homefin (India) Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 15,00,000 shares |
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