Comparison between Muthoot Finance NCD Sep 2019 and Muthoot Fincorp NCD Jan 2020.
Muthoot Finance NCD Sep 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Finance Ltd. | Muthoot Fincorp 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) | DRHP  | |
| RHP (Base) | RHP | |
| DRHP (Shelf) | 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 upto Rs 40,000 million vide its letter dated December 31, 2018 and have been rated CRISIL AA/Stable by CRISIL for an amount upto Rs 40,000 million vide its letter dated January 18, 2019. The rating of the NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations. | 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 letter dated December 26, 2019 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. |
| Registrar | MUFG Intime India Pvt.Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Lead Managers | Edelweiss Financial Services Ltd. A.K.Capital Services Ltd. | SMC Capitals 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 Sep 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD Jan 2020 issue size is ₹250.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Finance Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹250.00 Cr |
| Issue Size (Shelf) | ₹900.00 Cr | ₹480.00 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 | BWR A+ /Stable, CRISIL A/Stable |
| Tenor | 24 months/ 38 months/ 60 months/ 90 months | 400 days/ 24 months/ 38 months/ 60 months |
| Series | Series I to Series X | Series I to Series XI |
| Payment Frequency | Monthly and Annual | Monthly, Annual and Cumulative |
Offering period of Muthoot Finance NCD Sep 2019 and Muthoot Fincorp NCD Jan 2020 is mentioned.
| Muthoot Finance Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 27, 2019 | Jan 09, 2020 |
| Bid/Offer Closes On | Oct 25, 2019 | Feb 04, 2020 |
In Muthoot Finance NCD Sep 2019 QIBs portion includes and offered are offered to retail investors. In Muthoot Fincorp NCD Jan 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 | 25,00,000 shares |
