Comparison between Magma Fincorp NCD April 2019 and Muthoot Homefin NCD (March 2019).
Magma Fincorp NCD April 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.
| Magma Fincorp Ltd. | 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) | ||
| RHP (Base) | RHP  | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated BWR AA (Outlook: Stable)' by Brickworks Ratings India Private Limited ("Brickworks") for an amount of up to Rs 1,00,000 lakhs vide its letter dated December 21, 2018 and ACUITE AA/Stable by Acuité Ratings & Research Limited (erstwhile SMERA Ratings Limited) for an amount of up to Rs 1,00,000 lakhs vide its letter dated December 28, 2018. The rating of the NCDs by Brickworks and Acuité indicate that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low 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 | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Edelweiss Financial Services Ltd. Catalyst Trusteeship Ltd. A.K.Capital Services Ltd. | Edelweiss Financial Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Magma Fincorp NCD April 2019 issue size is ₹200.00 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.
| Magma Fincorp Ltd. | Muthoot Homefin (India) Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹200.00 Cr | ₹150.00 Cr |
| Issue Size (Shelf) | ₹500.00 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 | BWR AA/Stable, ACUITE AA/Stable | CRISIL AA/Stable |
| Tenor | 3 years/ 5 years/ 10 years | 24 months/38 months/60 months/90 months |
| Series | Series 1 to Series 7 | Series 1 to Series 10 |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly |
Offering period of Magma Fincorp NCD April 2019 and Muthoot Homefin NCD (March 2019) is mentioned.
| Magma Fincorp Ltd. | Muthoot Homefin (India) Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Apr 08, 2019 | Apr 08, 2019 |
| Bid/Offer Closes On | May 08, 2019 | May 07, 2019 |
In Magma Fincorp NCD April 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.
| Magma Fincorp Ltd. | Muthoot Homefin (India) Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 20,00,000 shares | 15,00,000 shares |
