Comparison between Muthoottu Mini Financiers NCD April 2022 and Navi Finserv NCD May 2022.
Muthoottu Mini Financiers NCD April 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.
| Muthoottu Mini Financiers Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| 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  | DRHP |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | 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. | 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 | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | JM Financial Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Muthoottu Mini Financiers NCD April 2022 issue size is ₹125.00 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.
| Muthoottu Mini Financiers Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹125.00 Cr | ₹300.00 Cr |
| Issue Size (Shelf) | ₹125.00 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 | CARE BBB+ by CARE Ratings Limited | IND A/ Stable by India Ratings & Research Pvt Ltd |
| Tenor | 480 Days, 24, 36, 48 and 66 Months | 18 and 27 Months |
| Series | Series I to VI | Series I to IV |
| Payment Frequency | Monthly and Cumulative | Monthly and Annually |
Offering period of Muthoottu Mini Financiers NCD April 2022 and Navi Finserv NCD May 2022 is mentioned.
| Muthoottu Mini Financiers Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Apr 20, 2022 | May 23, 2022 |
| Bid/Offer Closes On | May 17, 2022 | Jun 02, 2022 |
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. In Navi Finserv NCD May 2022 QIBs portion includes 6,00,000 shares and 9,00,000 shares offered are offered to retail investors.
| Muthoottu Mini Financiers Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Institutional | 1,25,000 shares | 6,00,000 shares |
| Non Institutional | 5,00,000 shares | 6,00,000 shares |
| HNI | 9,00,000 shares | |
| Retail | 6,25,000 shares | 9,00,000 shares |
| Others | ||
| Total | 12,50,000 shares | 30,00,000 shares |
