Comparison between Manappuram Home Finance NCD Sept 2019 and SREI Equipment Finance NCD Dec 2018.
Manappuram Home Finance NCD Sept 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while SREI Equipment Finance NCD Dec 2018 is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) proposed to list at BSE, NSE.
| Manappuram Home Finance Ltd. | SREI Equipment Finance Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) |
| Listing At | BSE | BSE, NSE |
| 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 NCDs proposed to be issued under this Issue have been rated "CARE AA-; Stable" (AA minus; Outlook Stable) by CARE Ratings Limited ("CARE Ratings") for an amount up to Rs 20,000 lakhs, vide its letter dated August 26, 2019 and revalidated letter dated September 16, 2019 and the Rating Rationale letter dated August 28, 2019. The rating of NCDs by CARE Ratings indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. | |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | Trust Investment Advisors Pvt.Ltd. Tipsons Consultancy Services Pvt.Ltd. Srei Capital Markets Ltd. IIFL 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. Manappuram Home Finance NCD Sept 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. SREI Equipment Finance NCD Dec 2018 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.
| Manappuram Home Finance Ltd. | SREI Equipment Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹300.00 Cr |
| Issue Size (Shelf) | ₹100.00 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 | CARE AA-/Stable | |
| Tenor | 36 months/ 60 months/ 2500 days | |
| Series | Series 1 to Series 7 | |
| Payment Frequency | Monthly, Annual and Cumulative |
Offering period of Manappuram Home Finance NCD Sept 2019 and SREI Equipment Finance NCD Dec 2018 is mentioned.
| Manappuram Home Finance Ltd. | SREI Equipment Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 30, 2019 | Dec 19, 2018 |
| Bid/Offer Closes On | Oct 29, 2019 | Jan 18, 2019 |
In Manappuram Home Finance NCD Sept 2019 QIBs portion includes and offered are offered to retail investors. In SREI Equipment Finance NCD Dec 2018 QIBs portion includes and offered are offered to retail investors.
| Manappuram Home Finance Ltd. | SREI Equipment Finance Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares |
