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Comparision between Muthoot Finance NCD (May 2019) and Sakthi Finance NCD April 2019.
Muthoot Finance NCD (May 2019) is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| 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  |
DRHP |
| RHP (Base) | RHP |
|
| DRHP (Shelf) | ||
| RHP (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 proposed to be issued by our Company have been rated by ICRA Limited ("ICRA"). ICRA has vide its letter no. RTG/Chen/109/18-19 dated February 11, 2019, assigned and vide its letter no. Reval/Chen/145/18-19 dated March 25, 2019 revalidated, a rating of "[ICRA] BBB (Stable)" for an amount up to Rs 15,000 lakh for the NCDs. The rating of the NCDs by ICRA indicates moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit |
| Registrar | Link Intime India Private Ltd | S.K.D.C Consultants Limited |
| Lead Managers | A.K. Capital Services Limited Edelweiss Financial Services Ltd |
Dalmia Securities Private Limited |
| Debenture Trusties | ||
| 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 (May 2019) issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD April 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹4,000.00 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, CRISIL AA/Stable | ICRA BBB/Stable |
| Tenor | 24 / 38 / 60 /90 Months | 24 months/36 months/48 months/61 months |
| Series | Series I to Series X |
Series 1 to Series 11 |
| Payment Frequency | Monthly, Annually | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of Muthoot Finance NCD (May 2019) and Sakthi Finance NCD April 2019 is mentioned.
| Muthoot Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | May 10, 2019 | Apr 10, 2019 |
| Bid/Offer Closes On | Jun 10, 2019 | May 09, 2019 |
In Muthoot Finance NCD (May 2019) QIBs portion includes and offered are offered to retail investors. In Sakthi Finance NCD April 2019 QIBs portion includes and offered are offered to retail investors.
| Muthoot Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
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