Comparison between Incred Financial Services October 2023 NCD and Muthoot Fincorp NCD October Tranche II 2023.
Incred Financial Services October 2023 NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD October Tranche II 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Incred Financial Services Ltd. | Muthoot Fincorp 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  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The NCDs proposed to be issued have been rated 'CRISIL A+/Stable' by CRISIL Ratings Limited. | 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 | MUFG Intime India Pvt.Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Lead Managers | InCred Capital Wealth Portfolio Managers Pvt.Ltd. JM Financial Ltd. | SMC Capitals Ltd. |
| Debenture Trustees | Catalyst Trusteeship 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. Incred Financial Services October 2023 NCD issue size is ₹150.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD October Tranche II 2023 issue size is ₹750.00 Cr at a issue price of ₹1,000.00 per NCD.
| Incred Financial Services Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹150.00 Cr | ₹750.00 Cr |
| Issue Size (Shelf) | ₹300.00 Cr | ₹1,100.00 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 A+/Stable by CRISIL Ratings Limited. | CRISIL AA- /Stable by CRISIL Ratings Limited |
| Tenor | 18, 24 and 36 months | 24, 36, 60 and 96 Months |
| Series | Series I to V | Series I to X |
| Payment Frequency | Monthly, Quarterly and Annually | Monthly, Annual and Cumulative |
Offering period of Incred Financial Services October 2023 NCD and Muthoot Fincorp NCD October Tranche II 2023 is mentioned.
| Incred Financial Services Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Oct 25, 2023 | Oct 13, 2023 |
| Bid/Offer Closes On | Nov 07, 2023 | Oct 27, 2023 |
In Incred Financial Services October 2023 NCD QIBs portion includes 75,000 shares and 6,75,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD October Tranche II 2023 QIBs portion includes 37,500 shares and 4,50,000 shares offered are offered to retail investors.
| Incred Financial Services Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Institutional | 75,000 shares | 37,500 shares |
| Non Institutional | 1,50,000 shares | 2,62,500 shares |
| HNI | 6,00,000 shares | |
| Retail | 6,75,000 shares | 4,50,000 shares |
| Others | ||
| Total | 15,00,000 shares | 7,50,000 shares |
