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Indel Money NCD May 2022 vs Muthoot Finance Limited Tranche II NCD May 2022

Comparision between Indel Money NCD May 2022 and Muthoot Finance Limited Tranche II NCD May 2022.

NCD Details

Indel Money NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Finance Limited Tranche II NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Indel Money Limited Muthoot Finance Limited
Logo Indel Money NCD May 2022 Logo Muthoot Finance Limited Tranche II NCD May 2022 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE BSE
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 issue has been rated Acuite BBB+/Stable by Acuite Ratings & Research Limited. Instruments with this rating are considered to have a moderate degree of safety and moderate credit risk.

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 Vivro Financial Services Private Limited 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. Indel Money NCD May 2022 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance Limited Tranche II NCD May 2022 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indel Money Limited Muthoot Finance Limited
Issue Size (Base) ₹50.00 Cr ₹75.00 Cr
Issue Size (Shelf) ₹50.00 Cr ₹225.00 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 Acuite BBB+/Stable by Acuite Ratings & Research Limited ICRA AA+/Stable
Tenor 366 days, 18, 24, 61 and 77 Months 36, 60 and 84 months
Series

Series I to Series VIII

Series I to VII

Payment Frequency Monthly and Cumulative Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of Indel Money NCD May 2022 and Muthoot Finance Limited Tranche II NCD May 2022 is mentioned.

  Indel Money Limited Muthoot Finance Limited
Bid/Offer Opens On May 27, 2022 May 25, 2022
Bid/Offer Closes On Jun 22, 2022 Jun 17, 2022

Shares Offered to Different Investor Category

In Indel Money NCD May 2022 QIBs portion includes and offered are offered to retail investors. In Muthoot Finance Limited Tranche II NCD May 2022 QIBs portion includes 37,500 shares and 3,75,000 shares offered are offered to retail investors.

  Indel Money Limited Muthoot Finance Limited
Institutional 37,500 shares
Non Institutional 37,500 shares
HNI 3,00,000 shares
Retail 3,75,000 shares
Others
Total 5,00,000 shares 7,50,000 shares

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