Comparison between IIFL Samasta Finance NCD Tranche I Nov 2023 and Muthoot Mercantile NCD Nov 2023.
IIFL Samasta Finance NCD Tranche I Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Mercantile NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Samasta 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, NSE | 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 under this Issue have been rated CRISIL AA-/Positive by CRISIL Ratings Limited, with such ratings considered to have a stable outlook. | 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 | Trust Investment Advisors Pvt.Ltd. Nuvama Wealth Management Ltd. IIFL Capital Services Ltd. JM Financial Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | Beacon Trusteeship 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. IIFL Samasta Finance NCD Tranche I Nov 2023 issue size is ₹1,000.00 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.
| IIFL Samasta Finance Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 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-/ Positive by CRISIL Ratings Limited | IND BBB/Stable by by India Ratings & Research Private Limited |
| Tenor | 24, 36 and 60 Months | 367days, 18, 24, 36, 60, 75 months |
| Series | Series I to VI | Series I to XI |
| Payment Frequency | Monthly and Annually | Monthly and Cumulative |
Offering period of IIFL Samasta Finance NCD Tranche I Nov 2023 and Muthoot Mercantile NCD Nov 2023 is mentioned.
| IIFL Samasta Finance Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Dec 04, 2023 | Dec 04, 2023 |
| Bid/Offer Closes On | Dec 15, 2023 | Dec 15, 2023 |
In IIFL Samasta Finance NCD Tranche I Nov 2023 QIBs portion includes 2,00,000 shares and 8,00,000 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.
| IIFL Samasta Finance Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Institutional | 2,00,000 shares | 1,00,000 shares |
| Non Institutional | 2,00,000 shares | 4,00,000 shares |
| HNI | 8,00,000 shares | |
| Retail | 8,00,000 shares | 5,00,000 shares |
| Others | ||
| Total | 20,00,000 shares | 10,00,000 shares |
