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Muthoottu Mini NCD Jan 2020 vs Sakthi Fin NCD March 2020

Comparision between Muthoottu Mini NCD Jan 2020 and Sakthi Fin NCD March 2020.

NCD Details

Muthoottu Mini NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Fin NCD March 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Muthoottu Mini Financiers Ltd Sakthi Finance Ltd
Logo Muthoottu Mini NCD Jan 2020 Logo Sakthi Fin NCD March 2020 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 proposed to be issued by our Company have been rated by ICRA Limited ("ICRA"). ICRA has vide its letter no RTG/Chen/132/19-20 dated February 18, 2020, assigned a rating of "[ICRA] BBB (Stable)" for an amount up to ` 20,000 lakh for the NCDs. The rating of the NCDs by ICRA indicates moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk

Registrar Link Intime India Private Ltd S.K.D.C Consultants Limited
Lead Managers Vivro Financial Services Private Limited Dalmia Securities 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. Muthoottu Mini NCD Jan 2020 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Fin NCD March 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoottu Mini Financiers Ltd Sakthi Finance Ltd
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹200.00 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 10 NCD
Market Lot 1 NCD 1 NCD
Credit Rating CARE BBB- /Stable ICRA BBB/ Stable
Tenor 480 days/ 24/ 36/ 50/ 60/ 70/ 85 months 24 months/ 39 months/ 49 months/ 62 months
Series

Series I to Series VII

Series 1 to Series 11

Payment Frequency Monthly and Cumulative Annual, Cumulative and Monthly
Coupon Incentive

NCD Timetable

Offering period of Muthoottu Mini NCD Jan 2020 and Sakthi Fin NCD March 2020 is mentioned.

  Muthoottu Mini Financiers Ltd Sakthi Finance Ltd
Bid/Offer Opens On Jan 20, 2020 Mar 13, 2020
Bid/Offer Closes On Feb 12, 2020 Apr 30, 2020

Shares Offered to Different Investor Category

In Muthoottu Mini NCD Jan 2020 QIBs portion includes and offered are offered to retail investors. In Sakthi Fin NCD March 2020 QIBs portion includes and offered are offered to retail investors.

  Muthoottu Mini Financiers Ltd Sakthi Finance Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 10,00,000 shares

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