Comparison between Kosamattam Fin NCD March 2020 and Muthoot Fincorp NCD June 2020.
Kosamattam Fin NCD March 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD June 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Kosamattam Finance Ltd. | Muthoot Finance 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  | DRHP |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated 'IND BBB' Outlook Stable, by India Ratings and Research Private Limited ("India Ratings") for an amount up to Rs 35,000 lakhs vide its letter dated September 30, 2019. The rating of NCDs by India Ratings indicates that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. | 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 letters dated December 26, 2019, March 9, 2020 and June 10, 2020, 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 and further revalidated by their letter dated March 11, 2020 and June 15, 2020. The rating of CRISIL A (Stable) by CRISIL and BWR A+ (Stable) 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 | Kfin Technologies Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Lead Managers | SMC Capitals Ltd. | |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Kosamattam Fin NCD March 2020 issue size is ₹150.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD June 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Kosamattam Finance Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹150.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹300.00 Cr | ₹160.00 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 BBB/ Stable | CRISIL A/ Stable; BWR A +/ Stable |
| Tenor | 15 Mon/21 Mon/39 Mon/48 Mon/66 Mon/84 Months | 24 months/ 38 months/ 60 months |
| Series | Series I to Series VIII | Series I to Series IX |
| Payment Frequency | Monthly and Cumulative | Monthly, Annual and Cumulative |
Offering period of Kosamattam Fin NCD March 2020 and Muthoot Fincorp NCD June 2020 is mentioned.
| Kosamattam Finance Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Mar 19, 2020 | Jun 29, 2020 |
| Bid/Offer Closes On | May 22, 2020 | Jul 13, 2020 |
In Kosamattam Fin NCD March 2020 QIBs portion includes and offered are offered to retail investors. In Muthoot Fincorp NCD June 2020 QIBs portion includes and offered are offered to retail investors.
| Kosamattam Finance Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 15,00,000 shares | 10,00,000 shares |
