Indel Money NCD May 2022 vs Muthoottu Mini Financiers NCD April 2022

Comparision between Indel Money NCD May 2022 and Muthoottu Mini Financiers NCD April 2022.

NCD Details

Indel Money NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoottu Mini Financiers NCD April 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

	Indel Money Limited	Muthoottu Mini Financiers Limited
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
DRHP (Shelf)
RHP (Shelf)
NCD Rating	The issue has been rated Acuite BBB+/Stable by Acuite Ratings & Research Limited. Instruments with this rating are considered to have a moderate degree of safety and moderate credit risk.	The NCDs proposed to be issued under the Issue have been rated as CARE BBB+ Stable Outlook by CARE Ratings Limited. The instrument with such a rating is expected to have a moderate degree of safety.
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Lead Managers	Vivro Financial Services Private Limited	Vivro Financial Services Private Limited
Debenture Trusties
NRI Allowed	No	No
Allotment Link

Issue Size and Price and Other Details

Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Indel Money NCD May 2022 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoottu Mini Financiers NCD April 2022 issue size is ₹125.00 Cr at a issue price of ₹1,000.00 per NCD.

	Indel Money Limited	Muthoottu Mini Financiers Limited
Issue Size (Base)	₹50.00 Cr	₹125.00 Cr
Issue Size (Shelf)	₹50.00 Cr	₹125.00 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	Acuite BBB+/Stable by Acuite Ratings & Research Limited	CARE BBB+ by CARE Ratings Limited
Tenor	366 days, 18, 24, 61 and 77 Months	480 Days, 24, 36, 48 and 66 Months
Series	Series I to Series VIII	Series I to VI
Payment Frequency	Monthly and Cumulative	Monthly and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Indel Money NCD May 2022 and Muthoottu Mini Financiers NCD April 2022 is mentioned.

	Indel Money Limited	Muthoottu Mini Financiers Limited
Bid/Offer Opens On	May 27, 2022	Apr 20, 2022
Bid/Offer Closes On	Jun 22, 2022	May 17, 2022

Shares Offered to Different Investor Category

In Indel Money NCD May 2022 QIBs portion includes and offered are offered to retail investors. In Muthoottu Mini Financiers NCD April 2022 QIBs portion includes 1,25,000 shares and 6,25,000 shares offered are offered to retail investors.

	Indel Money Limited	Muthoottu Mini Financiers Limited
Institutional		1,25,000 shares
Non Institutional		5,00,000 shares
HNI
Retail		6,25,000 shares
Others
Total	5,00,000 shares	12,50,000 shares

Compare with others

Indel Money Limited	Muthoottu Mini Financiers Limited
Indiabulls Housing Finance Tranche II NCD Sep 2022	Kosamattam Finance NCD July 2022
Ugro Capital NCD Sep 2022	Edelweiss Broking NCD July 2022
Muthoot Fincorp NCD August 2022	Indel Money NCD May 2022
Kosamattam Finance NCD July 2022	Muthoot Finance Limited Tranche II NCD May 2022
Edelweiss Broking NCD July 2022	Navi Finserv NCD May 2022
Muthoot Finance Limited Tranche II NCD May 2022	Dhani Loans and Services NCD April 2022
Navi Finserv NCD May 2022	Sakthi Finance NCD April 2022
Muthoottu Mini Financiers NCD April 2022	Ugro Capital NCD April 2022
Dhani Loans and Services NCD April 2022	Muthoot Finance April NCD 2022
Sakthi Finance NCD April 2022	Edelweiss Housing Finance NCD Apr 2022

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