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InCred Financial Services NCD January 2022 vs Muthoot Finance April NCD 2022

Comparision between InCred Financial Services NCD January 2022 and Muthoot Finance April NCD 2022.

NCD Details

InCred Financial Services NCD January 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Finance April NCD 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  InCred Financial Services Limited Muthoot Finance Limited
Logo InCred Financial Services NCD January 2022 Logo Muthoot Finance April NCD 2022 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) RHP (Shelf)
NCD Rating

CRISIL Ratings has assigned "CRISIL A" rating to the Debt instrument and placed the rating under "Rating Watch with Positive Implications". Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations.

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 Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Incred Capital Financial Services Pvt Ltd

Sundae Capital Advisors
A.K. Capital Services Limited
Debenture Trusties
NRI Allowed No No
Allotment Link

Issue Size and Price and Other Details

Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. InCred Financial Services NCD January 2022 issue size is ₹125.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance April NCD 2022 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  InCred Financial Services Limited Muthoot Finance Limited
Issue Size (Base) ₹125.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹25.00 Cr ₹400.00 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 CRISIL A ICRA AA+/Stable
Tenor 12 months and 1 day/ 24 months 36, 60, 84 and 120 months
Series

Series I to Series III

Series I to VIII

Payment Frequency Annual and Cumulative Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of InCred Financial Services NCD January 2022 and Muthoot Finance April NCD 2022 is mentioned.

  InCred Financial Services Limited Muthoot Finance Limited
Bid/Offer Opens On Jan 24, 2022 Apr 07, 2022
Bid/Offer Closes On Feb 14, 2022 Apr 29, 2022

Shares Offered to Different Investor Category

In InCred Financial Services NCD January 2022 QIBs portion includes 62,500 shares and 8,75,000 shares offered are offered to retail investors. In Muthoot Finance April NCD 2022 QIBs portion includes 50,000 shares and 5,00,000 shares offered are offered to retail investors.

  InCred Financial Services Limited Muthoot Finance Limited
Institutional 62,500 shares 50,000 shares
Non Institutional 2,50,000 shares 50,000 shares
HNI 62,500 shares 4,00,000 shares
Retail 8,75,000 shares 5,00,000 shares
Others
Total 12,50,000 shares 10,00,000 shares

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