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Indel Money NCD January 2024 vs Muthoot Finance NCD Tranche III January 2024

Comparision between Indel Money NCD January 2024 and Muthoot Finance NCD Tranche III January 2024.

NCD Details

Indel Money NCD January 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Finance NCD Tranche III January 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Indel Money Limited Muthoot Finance Limited
Logo Indel Money NCD January 2024 Logo Muthoot Finance NCD Tranche III January 2024 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 RHP
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated CRISIL BBB+/Stable by CRISIL Ratings Limited. With this rating, they are considered to have a moderate degree of safety and moderate credit risk.

The NCDs proposed to be issued under this Issue have been rated [ICRA] AA+/Stable (pronounced as ICRA Double A plus rating with stable outlook) by ICRA Limited.

Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Vivro Financial Services Private Limited A.K. Capital Services Limited
Debenture Trusties Catalyst Trusteeship Limited Idbi Trusteeship Services Ltd.
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. Indel Money NCD January 2024 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance NCD Tranche III January 2024 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indel Money Limited Muthoot Finance Limited
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹900.00 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 CRISIL BBB+/Stable by by CRISIL Ratings Limited [ICRA] AA+/Stable by ICRA Limited
Tenor 366 days, 24, 36, 60 and 72 months 24, 36, and 60 Months
Series

Series I to VIII

Series I to VII
Payment Frequency Monthly and Cumulative Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of Indel Money NCD January 2024 and Muthoot Finance NCD Tranche III January 2024 is mentioned.

  Indel Money Limited Muthoot Finance Limited
Bid/Offer Opens On Jan 30, 2024 Jan 08, 2024
Bid/Offer Closes On Feb 12, 2024 Jan 19, 2024

Shares Offered to Different Investor Category

In Indel Money NCD January 2024 QIBs portion includes 1,00,000 shares and 5,00,000 shares offered are offered to retail investors. In Muthoot Finance NCD Tranche III January 2024 QIBs portion includes 50,000 shares and 3,50,000 shares offered are offered to retail investors.

  Indel Money Limited Muthoot Finance Limited
Institutional 1,00,000 shares 50,000 shares
Non Institutional 4,00,000 shares 3,00,000 shares
HNI 3,00,000 shares
Retail 5,00,000 shares 3,50,000 shares
Others
Total 10,00,000 shares 10,00,000 shares

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