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Muthoot Finance NCD (Feb 2019) vs Muthoottu Mini Financiers NCD March 2019

Comparision between Muthoot Finance NCD (Feb 2019) and Muthoottu Mini Financiers NCD March 2019.

NCD Details

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 Limited Muthoottu Mini Financiers Limited
Logo Muthoot Finance NCD (Feb 2019) Logo Muthoottu Mini Financiers NCD March 2019 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 Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers A.K. Capital Services Limited

Edelweiss Financial Services Ltd
Vivro Financial Services Private Limited
Debenture Trusties
NRI Allowed No No
Allotment Link 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. 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 Limited Muthoottu Mini Financiers Limited
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
Coupon Incentive

NCD Timetable

Offering period of Muthoot Finance NCD (Feb 2019) and Muthoottu Mini Financiers NCD March 2019 is mentioned.

  Muthoot Finance Limited Muthoottu Mini Financiers Limited
Bid/Offer Opens On Feb 14, 2019 Mar 18, 2019
Bid/Offer Closes On Mar 14, 2019 Apr 16, 2019

Shares Offered to Different Investor Category

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 Limited Muthoottu Mini Financiers Limited
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares

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