Comparison between Muthoot Fincorp NCD October Tranche II 2023 and Muthoot Mercantile NCD Nov 2023.
Muthoot Fincorp NCD October Tranche II 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Mercantile NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Fincorp Ltd. | Muthoot Mercantile 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 company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. | The NCDs proposed to be issued under this Issue have been rated “IND BBB/Stable”, by India Ratings & Research Private Limited |
| Registrar | Integrated Registry Management Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | SMC Capitals Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | Vardhman Trusteeship Pvt.Ltd. | Mitcon Credentia Trusteeship Services Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Muthoot Fincorp NCD October Tranche II 2023 issue size is ₹750.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Mercantile NCD Nov 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Fincorp Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹750.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹1,100.00 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 | |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | CRISIL AA- /Stable by CRISIL Ratings Limited | IND BBB/Stable by by India Ratings & Research Private Limited |
| Tenor | 24, 36, 60 and 96 Months | 367days, 18, 24, 36, 60, 75 months |
| Series | Series I to X | Series I to XI |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly and Cumulative |
Offering period of Muthoot Fincorp NCD October Tranche II 2023 and Muthoot Mercantile NCD Nov 2023 is mentioned.
| Muthoot Fincorp Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Oct 13, 2023 | Dec 04, 2023 |
| Bid/Offer Closes On | Oct 27, 2023 | Dec 15, 2023 |
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. In Muthoot Mercantile NCD Nov 2023 QIBs portion includes 1,00,000 shares and 5,00,000 shares offered are offered to retail investors.
| Muthoot Fincorp Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Institutional | 37,500 shares | 1,00,000 shares |
| Non Institutional | 2,62,500 shares | 4,00,000 shares |
| HNI | ||
| Retail | 4,50,000 shares | 5,00,000 shares |
| Others | ||
| Total | 7,50,000 shares | 10,00,000 shares |
