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Comparision between Muthoot Fincorp NCD June 2020 and Muthoottu Mini NCD September 2020.
Muthoot Fincorp NCD June 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoottu Mini NCD September 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Fincorp Ltd | Muthoottu Mini Financiers 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 proposed to be issued under this Issue have been rated "A (Stable)" for an amount of Rs 50,000 lakhs by CRISIL Limited ("CRISIL") vide their letter dated October 10, 2019 and further revalidated by their letters dated December 26, 2019, March 9, 2020 and June 10, 2020, and rated "BWR A +" (Outlook: Stable)' for an amount of Rs 50,000 lakhs, by Brickwork Ratings India Pvt. Ltd. ("Brickworks") vide their letter dated December 12, 2019 and further revalidated by their letter dated March 11, 2020 and June 15, 2020. The rating of CRISIL A (Stable) by CRISIL and BWR A+ (Stable) by Brickworks indicate that instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk. |
The Company has received rating of 'IND BBB': Outlook Stable' by India Ratings. This means the NCD has moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk. |
| Registrar | Integrated Registry Management Services Private Limited | Link Intime India Private Ltd |
| Lead Managers | Smc Capitals Limited | Vivro Financial Services Private Limited |
| Debenture Trusties | ||
| 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 June 2020 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoottu Mini NCD September 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Fincorp Ltd | Muthoottu Mini Financiers Ltd | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹160.00 Cr | ₹100.00 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 | CRISIL A/ Stable; BWR A +/ Stable | IND BBB (Outlook Stable) by India Ratings |
| Tenor | 24 months/ 38 months/ 60 months | 24, 36, 50, 60, 85 months and 480 days |
| Series | Series I to Series IX |
|
| Payment Frequency | Monthly, Annual and Cumulative | |
| Coupon Incentive |
Offering period of Muthoot Fincorp NCD June 2020 and Muthoottu Mini NCD September 2020 is mentioned.
| Muthoot Fincorp Ltd | Muthoottu Mini Financiers Ltd | |
|---|---|---|
| Bid/Offer Opens On | Jun 29, 2020 | Sep 09, 2020 |
| Bid/Offer Closes On | Jul 13, 2020 | Sep 24, 2020 |
In Muthoot Fincorp NCD June 2020 QIBs portion includes and offered are offered to retail investors. In Muthoottu Mini NCD September 2020 QIBs portion includes and offered are offered to retail investors.
| Muthoot Fincorp Ltd | Muthoottu Mini Financiers Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
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