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Muthoot Finance Limited Tranche II NCD May 2022 vs Navi Finserv NCD May 2022

Comparision between Muthoot Finance Limited Tranche II NCD May 2022 and Navi Finserv NCD May 2022.

NCD Details

Muthoot Finance Limited Tranche II NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Navi Finserv NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Muthoot Finance Limited Navi Finserv Limited
Logo Muthoot Finance Limited Tranche II NCD May 2022 Logo Navi Finserv NCD May 2022 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE BSE, NSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base) DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under the Issue have been rated [ICRA] AA+/Stable by ICRA Limited such ratings are considered to have a stable outlook.

The NCDs proposed to be issued under the Issue have been rated as IND A/ Stable by India Ratings & Research Pvt Ltd. The instrument with such a rating is expected to have an adequate degree of safety.

Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers A.K. Capital Services Limited A.K. Capital Services Limited

Jm Financial 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. Muthoot Finance Limited Tranche II NCD May 2022 issue size is ₹75.00 Cr at an issue price of ₹1,000.00 per NCD. Navi Finserv NCD May 2022 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Finance Limited Navi Finserv Limited
Issue Size (Base) ₹75.00 Cr ₹300.00 Cr
Issue Size (Shelf) ₹225.00 Cr ₹300.00 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 ICRA AA+/Stable IND A/ Stable by India Ratings & Research Pvt Ltd
Tenor 36, 60 and 84 months 18 and 27 Months
Series

Series I to VII

Series I to IV

Payment Frequency Monthly and Annually Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of Muthoot Finance Limited Tranche II NCD May 2022 and Navi Finserv NCD May 2022 is mentioned.

  Muthoot Finance Limited Navi Finserv Limited
Bid/Offer Opens On May 25, 2022 May 23, 2022
Bid/Offer Closes On Jun 17, 2022 Jun 02, 2022

Shares Offered to Different Investor Category

In Muthoot Finance Limited Tranche II NCD May 2022 QIBs portion includes 37,500 shares and 3,75,000 shares offered are offered to retail investors. In Navi Finserv NCD May 2022 QIBs portion includes 6,00,000 shares and 9,00,000 shares offered are offered to retail investors.

  Muthoot Finance Limited Navi Finserv Limited
Institutional 37,500 shares 6,00,000 shares
Non Institutional 37,500 shares 6,00,000 shares
HNI 3,00,000 shares 9,00,000 shares
Retail 3,75,000 shares 9,00,000 shares
Others
Total 7,50,000 shares 30,00,000 shares

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