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Comparision between Muthoot Finance NCD Sep 2019 and Muthoot Fincorp Limited NCD Sept 2019.
Muthoot Finance NCD Sep 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp Limited NCD Sept 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Finance Limited | Muthoot Fincorp 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  |
|
| 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 "BWR A+" (BWR A plus; Outlook: Stable)' for an amount of Rs 50,000 lakhs , by Brickwork Ratings India Private Limited ("Brickworks") vide their letter dated August 23, 2019. The rating of BWR A+ 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 |
Smc Capitals 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 Sep 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp Limited NCD Sept 2019 issue size is ₹250.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Finance Limited | Muthoot Fincorp Limited | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹250.00 Cr |
| Issue Size (Shelf) | ₹900.00 Cr | ₹250.00 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 by Brickworks |
| Tenor | 24 months/ 38 months/ 60 months/ 90 months | 400 days/24 months/36 months |
| Series | Series I to Series X |
Series I to Series VIII |
| Payment Frequency | Monthly and Annual | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of Muthoot Finance NCD Sep 2019 and Muthoot Fincorp Limited NCD Sept 2019 is mentioned.
| Muthoot Finance Limited | Muthoot Fincorp Limited | |
|---|---|---|
| Bid/Offer Opens On | Sep 27, 2019 | Sep 20, 2019 |
| Bid/Offer Closes On | Oct 25, 2019 | Oct 18, 2019 |
In Muthoot Finance NCD Sep 2019 QIBs portion includes and offered are offered to retail investors. In Muthoot Fincorp Limited NCD Sept 2019 QIBs portion includes and offered are offered to retail investors.
| Muthoot Finance Limited | Muthoot Fincorp Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 25,00,000 shares |
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