Comparison between Indostar Capital Finance NCD September 2024 and Muthoot Mercantile NCD August 2024.
Indostar Capital Finance NCD September 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Mercantile NCD August 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Indostar Capital Finance 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  | DRHP |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs to be issued under the Issue have been rated “CARE AA-/Stable” (pronounced as CARE Double A Minus; Outlook: Stable) by CARE Ratings Limited for an amount of Rs. 50,000 Lakh. | The NCDs proposed to be issued under this Issue have been rated IND BBB/Stable by India Ratings & Research Private Limited |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Nuvama Wealth Management Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | IDBI Trusteeship Services 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. Indostar Capital Finance NCD September 2024 issue size is ₹150.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Mercantile NCD August 2024 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indostar Capital Finance Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹150.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ||
| 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 | CARE AA-/Stable by CARE Ratings Limited. | IND BBB/Stable by by India Ratings & Research Private Limited |
| Tenor | 24, 36, and 60 Months | 400 days, 20, 36,60 and 73 Months |
| Series | Series I to V | Series I to IX |
| Payment Frequency | Quarterly, Annual and Cumulative | Monthly and Cumulative |
Offering period of Indostar Capital Finance NCD September 2024 and Muthoot Mercantile NCD August 2024 is mentioned.
| Indostar Capital Finance Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 06, 2024 | Aug 23, 2024 |
| Bid/Offer Closes On | Sep 19, 2024 | Sep 05, 2024 |
In Indostar Capital Finance NCD September 2024 QIBs portion includes and offered are offered to retail investors. In Muthoot Mercantile NCD August 2024 QIBs portion includes 75,000 shares and 3,75,000 shares offered are offered to retail investors.
| Indostar Capital Finance Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Institutional | 75,000 shares | |
| Non Institutional | 3,00,000 shares | |
| HNI | ||
| Retail | 3,75,000 shares | |
| Others | ||
| Total | 7,50,000 shares |
