Comparison between Muthoot Finance Limited Tranche II NCD May 2022 and Sakthi Finance NCD April 2022.
Muthoot Finance Limited Tranche II NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD April 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Finance Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| 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) | ||
| RHP (Base) | RHP  | |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | 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. | The NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. Instrument with such rating are expected to have a moderate degree of safety regarding timely servicing of debt financial obligations. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | A.K.Capital Services Ltd. | Dalmia Securities Pvt.Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Muthoot Finance Limited Tranche II NCD May 2022 issue size is ₹75.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD April 2022 issue size is ₹50.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Finance Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹75.00 Cr | ₹50.00 Cr |
| Issue Size (Shelf) | ₹225.00 Cr | ₹50.00 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 | ICRA AA+/Stable | ICRA BBB (Stable) |
| Tenor | 36, 60 and 84 months | 24, 36, 48, and 60 months |
| Series | Series I to VII | Series I to VIII |
| Payment Frequency | Monthly and Annually | Monthly and Cumulative |
Offering period of Muthoot Finance Limited Tranche II NCD May 2022 and Sakthi Finance NCD April 2022 is mentioned.
| Muthoot Finance Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | May 25, 2022 | Apr 11, 2022 |
| Bid/Offer Closes On | Jun 17, 2022 | May 04, 2022 |
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. In Sakthi Finance NCD April 2022 QIBs portion includes 25,000 shares and 2,00,000 shares offered are offered to retail investors.
| Muthoot Finance Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Institutional | 37,500 shares | 25,000 shares |
| Non Institutional | 37,500 shares | 75,000 shares |
| HNI | 3,00,000 shares | 2,00,000 shares |
| Retail | 3,75,000 shares | 2,00,000 shares |
| Others | ||
| Total | 7,50,000 shares | 5,00,000 shares |
