Comparison between IIFL Finance NCD Tranche II June 2023 and Muthoot Finance Limited Tranche I NCD April 2023.
IIFL Finance NCD Tranche II June 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Finance Limited Tranche I NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Finance Ltd. | Muthoot Finance 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) | DRHP (Shelf) |
| RHP (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. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. | The NCDs proposed to be issued under this Issue have been rated [ICRA] AA+/Stable (pronounced as ICRA Double A plus rating with stable outlook) by ICRA Limited. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Equirus Capital Ltd. IIFL Capital Services Ltd. Trust Investment Advisors Pvt.Ltd. Edelweiss Financial Services Ltd. | A.K.Capital Services Ltd. |
| Debenture Trustees | Vardhman Trusteeship Pvt.Ltd. | IDBI 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. IIFL Finance NCD Tranche II June 2023 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance Limited Tranche I NCD April 2023 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹300.00 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 AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. | [ICRA] AA+/Stable by ICRA Limited |
| Tenor | 24, 36 and 60 Months | 25, 37 and 61 months |
| Series | Series I to VII | Series I to VII |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly and Annually |
Offering period of IIFL Finance NCD Tranche II June 2023 and Muthoot Finance Limited Tranche I NCD April 2023 is mentioned.
| IIFL Finance Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jun 09, 2023 | Apr 12, 2023 |
| Bid/Offer Closes On | Jun 22, 2023 | Apr 26, 2023 |
In IIFL Finance NCD Tranche II June 2023 QIBs portion includes 3,00,000 shares and 12,00,000 shares offered are offered to retail investors. In Muthoot Finance Limited Tranche I NCD April 2023 QIBs portion includes 37,500 shares and 3,75,000 shares offered are offered to retail investors.
| IIFL Finance Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Institutional | 3,00,000 shares | 37,500 shares |
| Non Institutional | 12,00,000 shares | 37,500 shares |
| HNI | 0 shares | 3,00,000 shares |
| Retail | 12,00,000 shares | 3,75,000 shares |
| Others | ||
| Total | 30,00,000 shares | 7,50,000 shares |
