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Muthoot Finance NCD Oct 2020 vs Muthoot Fincorp NCD June 2020

Comparision between Muthoot Finance NCD Oct 2020 and Muthoot Fincorp NCD June 2020.

NCD Details

Muthoot Finance NCD Oct 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD June 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Muthoot Finance Ltd Muthoot Fincorp Ltd
Logo Muthoot Finance NCD Oct 2020 Logo Muthoot Fincorp NCD June 2020 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
RHP (Base) RHP
DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

ICRA has assigned "[ICRA]AA" (pronounced ICRA double A) rating with a Stable outlook, assigned to the captioned Non-Convertible Debenture Programme of your company and last communicated to you vide our letter dated September 15, 2020 and September 25, 2020 stands. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. Within this category rating modifier {"+" (plus) or "-" (minus)} can be used with the rating symbols. The modifier reflects the comparative standing within the category.

CRISIL has assigned its 'CRISIL PP-MLD AAr/Positive' rating to Rs.350 crore Proposed Issuance of Long Term Principal Market Linked Debentures of Muthoot Finance Limited (Muthoot Finance). The ratings on existing debt instruments have been at 'CRISIL AA/CRISIL PP-MLD AAr/Positive/CRISIL A1+'.

The NCDs proposed to be issued under this Issue have been rated "A (Stable)" for an amount of Rs 50,000 lakhs by CRISIL Limited ("CRISIL") vide their letter dated October 10, 2019 and further revalidated by their letters dated December 26, 2019, March 9, 2020 and June 10, 2020, and rated "BWR A +" (Outlook: Stable)' for an amount of Rs 50,000 lakhs, by Brickwork Ratings India Pvt. Ltd. ("Brickworks") vide their letter dated December 12, 2019 and further revalidated by their letter dated March 11, 2020 and June 15, 2020. The rating of CRISIL A (Stable) by CRISIL and BWR A+ (Stable) by Brickworks indicate that instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.

Registrar Link Intime India Private Ltd Integrated Registry Management Services Private Limited
Lead Managers A.K. Capital Services Limited

Edelweiss Financial Services Ltd

Equirus Capital Private Limited

Jm Financial Limited
Smc Capitals Limited
Debenture Trusties
NRI Allowed No No
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 Oct 2020 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD June 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Finance Ltd Muthoot Fincorp Ltd
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹1,900.00 Cr ₹160.00 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 "AA (Stable)" by ICRA and "AA/Positive" by CRISIL CRISIL A/ Stable; BWR A +/ Stable
Tenor 38 months and 60 months 24 months/ 38 months/ 60 months
Series

Series I to Series IX

Payment Frequency Monthly, Annual or Cumulative Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Muthoot Finance NCD Oct 2020 and Muthoot Fincorp NCD June 2020 is mentioned.

  Muthoot Finance Ltd Muthoot Fincorp Ltd
Bid/Offer Opens On Oct 27, 2020 Jun 29, 2020
Bid/Offer Closes On Oct 29, 2020 Jul 13, 2020

Shares Offered to Different Investor Category

In Muthoot Finance NCD Oct 2020 QIBs portion includes and offered are offered to retail investors. In Muthoot Fincorp NCD June 2020 QIBs portion includes and offered are offered to retail investors.

  Muthoot Finance Ltd Muthoot Fincorp Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 10,00,000 shares

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