Comparison between Incred Financial Services NCD Tranche I Jan 2023 and Muthoot Finance Limited Tranche V NCD Feb 2023.
Incred Financial Services NCD Tranche I Jan 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Finance Limited Tranche V NCD Feb 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Incred Financial Services 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) | DRHP  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The company has received rating of CRISIL A+/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. | 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. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | JM Financial Ltd. | A.K.Capital Services Ltd. |
| Debenture Trustees | Catalyst Trusteeship 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. Incred Financial Services NCD Tranche I Jan 2023 issue size is ₹175.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance Limited Tranche V NCD Feb 2023 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| Incred Financial Services Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹175.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹350.00 Cr | ₹3,000.00 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+/Stable by CRISIL Ratings Limited | AA+/Stable by ICRA. |
| Tenor | 27 and 39 months | 25, 37 and 61 months |
| Series | Series I to IV | Series I to VII |
| Payment Frequency | Annual and Quarterly | Monthly and Annually |
Offering period of Incred Financial Services NCD Tranche I Jan 2023 and Muthoot Finance Limited Tranche V NCD Feb 2023 is mentioned.
| Incred Financial Services Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jan 09, 2023 | Feb 08, 2023 |
| Bid/Offer Closes On | Jan 27, 2023 | Mar 03, 2023 |
In Incred Financial Services NCD Tranche I Jan 2023 QIBs portion includes 3,50,000 shares and 5,25,000 shares offered are offered to retail investors. In Muthoot Finance Limited Tranche V NCD Feb 2023 QIBs portion includes 50,000 shares and 5,00,000 shares offered are offered to retail investors.
| Incred Financial Services Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Institutional | 3,50,000 shares | 50,000 shares |
| Non Institutional | 3,50,000 shares | 50,000 shares |
| HNI | 5,25,000 shares | 4,00,000 shares |
| Retail | 5,25,000 shares | 5,00,000 shares |
| Others | ||
| Total | 17,50,000 shares | 10,00,000 shares |
