Comparison between Muthoot Finance NCD (Feb 2019) and Muthoottu Mini Financiers NCD March 2019.
Muthoot Finance NCD (Feb 2019) is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoottu Mini Financiers NCD March 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Finance Ltd. | Muthoottu Mini Financiers 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  | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated [ICRA] AA (Stable) by ICRA for an amount of up to Rs 40,000 million and have been rated CRISIL AA/Stable by CRISIL for an amount up to Rs 40,000 million. The rating of the NCDs by ICRA and CRISIL indicates a high degree of safety regarding timely servicing of financial obligations. | The NCDs have been rated 'IND BBB-/Stable' by India Ratings & Research Private Limited for an amount of up to ` 20,000 lakhs. The rating of the NCDs indicates that instruments with this rating are considered to have a moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Edelweiss Financial Services Ltd. A.K.Capital Services Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Muthoot Finance NCD (Feb 2019) issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoottu Mini Financiers NCD March 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Finance Ltd. | Muthoottu Mini Financiers Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹650.00 Cr | ₹100.00 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, CRISIL AA/Stable | IND BBB-/Stable |
| Tenor | 24 Months, 38 Months and 60 Months | 480 days/36 Months/60 Months |
| Series | Series I to Series IX | Series 1 to Series 6 |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly and Cumulative |
Offering period of Muthoot Finance NCD (Feb 2019) and Muthoottu Mini Financiers NCD March 2019 is mentioned.
| Muthoot Finance Ltd. | Muthoottu Mini Financiers Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Feb 14, 2019 | Mar 18, 2019 |
| Bid/Offer Closes On | Mar 14, 2019 | Apr 16, 2019 |
In Muthoot Finance NCD (Feb 2019) QIBs portion includes and offered are offered to retail investors. In Muthoottu Mini Financiers NCD March 2019 QIBs portion includes and offered are offered to retail investors.
| Muthoot Finance Ltd. | Muthoottu Mini Financiers Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares |
