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Muthoot Fincorp Limited NCD Sept 2019 vs SREI Equipment NCD Aug 2019

Comparision between Muthoot Fincorp Limited NCD Sept 2019 and SREI Equipment NCD Aug 2019.

NCD Details

Muthoot Fincorp Limited NCD Sept 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while SREI Equipment NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Muthoot Fincorp Limited Srei Equipment Finance Ltd
Logo Muthoot Fincorp Limited NCD Sept 2019 Logo SREI Equipment NCD Aug 2019 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 "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.

The NCDs proposed to be issued under this Issue have been rated "BWR AA" (BWR Double A) (Outlook: Negative) by Brickwork Ratings India Private Limited ("BRICKWORK") pursuant to letter dated July 05, 2019 and
further revalidated by letters dated July 19, 2019 and August 06, 2019 and Acuite AA- (Acuite double A minus) by "Acuite Rating Limited" ("ACUITE") pursuant to letter dated July 30, 2019. Instruments with a rating of "BWR AA" (BWR Double A) (Outlook: Negative) by BRICKWORK and Acuite AA- (Acuite double A minus) by Acuite are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Registrar Integrated Registry Management Services Private Limited Kfin Technologies Limited
Lead Managers Smc Capitals Limited Karvy Investor Services 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 Fincorp Limited NCD Sept 2019 issue size is ₹250.00 Cr at an issue price of ₹1,000.00 per NCD. SREI Equipment NCD Aug 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Fincorp Limited Srei Equipment Finance Ltd
Issue Size (Base) ₹250.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹250.00 Cr ₹400.00 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 BWR A+/ Stable by Brickworks BWR AA/Negative, Acuite AA-/Stable
Tenor 400 days/24 months/36 months 1 year/ 2 year/ 3 year/ 5 year
Series

Series I to Series VIII

Series I to Series X

Payment Frequency Monthly, Annual and Cumulative Monthly/ Quarterly/ Annual/ Cumulative
Coupon Incentive

NCD Timetable

Offering period of Muthoot Fincorp Limited NCD Sept 2019 and SREI Equipment NCD Aug 2019 is mentioned.

  Muthoot Fincorp Limited Srei Equipment Finance Ltd
Bid/Offer Opens On Sep 20, 2019 Aug 19, 2019
Bid/Offer Closes On Oct 18, 2019 Sep 11, 2019

Shares Offered to Different Investor Category

In Muthoot Fincorp Limited NCD Sept 2019 QIBs portion includes and offered are offered to retail investors. In SREI Equipment NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.

  Muthoot Fincorp Limited Srei Equipment Finance Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 25,00,000 shares 10,00,000 shares

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