Comparison between Indore Municipal NCD February 2023 and Muthoot Fincorp NCD December 2022.
Indore Municipal NCD February 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at NSE while Muthoot Fincorp NCD December 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Indore Municipal Corporation | Muthoot Fincorp Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | NSE | BSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  | DRHP |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The company has received rating of IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited for the bonds proposed to be issued pursuant to this Issue. | The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. |
| Registrar | Kfin Technologies Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Lead Managers | SBI Capital Markets Ltd. A.K.Capital Services Ltd. | SMC Capitals Ltd. |
| Debenture Trustees | Vistra ITCL India Ltd. | Vardhman Trusteeship Pvt.Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Indore Municipal NCD February 2023 issue size is ₹122.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD December 2022 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indore Municipal Corporation | Muthoot Fincorp Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹122.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹244.00 Cr | ₹200.00 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 | IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited. | CRISIL AA-/Stable by CRISIL Ratings Limited |
| Tenor | 3, 5, 7, and 9 years | 27, 38, 48 and 60 Months |
| Series | Series I | Series I to VIII |
| Payment Frequency | Half yearly | Monthly, Annual and Cumulative |
Offering period of Indore Municipal NCD February 2023 and Muthoot Fincorp NCD December 2022 is mentioned.
| Indore Municipal Corporation | Muthoot Fincorp Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Feb 10, 2023 | Jan 02, 2023 |
| Bid/Offer Closes On | Feb 14, 2023 | Jan 27, 2023 |
In Indore Municipal NCD February 2023 QIBs portion includes 3,05,000 shares and 3,05,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD December 2022 QIBs portion includes 1,00,000 shares and 12,00,000 shares offered are offered to retail investors.
| Indore Municipal Corporation | Muthoot Fincorp Ltd. | |
|---|---|---|
| Institutional | 3,05,000 shares | 1,00,000 shares |
| Non Institutional | 3,05,000 shares | 7,00,000 shares |
| HNI | 3,05,000 shares | |
| Retail | 3,05,000 shares | 12,00,000 shares |
| Others | ||
| Total | 12,20,000 shares | 20,00,000 shares |
