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Muthoot Fincorp NCD October Tranche II 2023 vs Piramal Enterprises NCD Tranche I October 2023

Comparision between Muthoot Fincorp NCD October Tranche II 2023 and Piramal Enterprises NCD Tranche I October 2023.

NCD Details

Muthoot Fincorp NCD October Tranche II 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Piramal Enterprises NCD Tranche I October 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Muthoot Fincorp Limited Piramal Enterprises Limited
Logo Muthoot Fincorp NCD October Tranche II 2023 Logo Piramal Enterprises NCD Tranche I October 2023 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)
RHP (Base) RHP RHP
DRHP (Shelf) DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf) RHP (Shelf)
NCD Rating

The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

The company has received a rating of [ICRA]AA (Stable) by ICRA Limited and CARE AA (Stable) by CARE Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

Registrar Integrated Registry Management Services Private Limited Link Intime India Private Ltd
Lead Managers Smc Capitals Limited A.K. Capital Services Limited

Jm Financial Limited

Nuvama Wealth Management Limited

Trust Investment Advisors Private Limited
Debenture Trusties Vardhman Trusteeship Private Limited Idbi Trusteeship Services Ltd.
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 Fincorp NCD October Tranche II 2023 issue size is ₹750.00 Cr at an issue price of ₹1,000.00 per NCD. Piramal Enterprises NCD Tranche I October 2023 issue size is ₹1,000.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Fincorp Limited Piramal Enterprises Limited
Issue Size (Base) ₹750.00 Cr ₹1,000.00 Cr
Issue Size (Shelf) ₹1,100.00 Cr ₹3,000.00 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 AA- /Stable by CRISIL Ratings Limited [ICRA]AA (Stable) by ICRA Limited and CARE AA (Stable) by CARE Ratings Limited
Tenor 24, 36, 60 and 96 Months 2 , 3, 5 and 10 years
Series Series I to X Series I to IV
Payment Frequency Monthly, Annual and Cumulative Anually
Coupon Incentive

NCD Timetable

Offering period of Muthoot Fincorp NCD October Tranche II 2023 and Piramal Enterprises NCD Tranche I October 2023 is mentioned.

  Muthoot Fincorp Limited Piramal Enterprises Limited
Bid/Offer Opens On Oct 13, 2023 Oct 19, 2023
Bid/Offer Closes On Oct 27, 2023 Oct 30, 2023

Shares Offered to Different Investor Category

In Muthoot Fincorp NCD October Tranche II 2023 QIBs portion includes 37,500 shares and 4,50,000 shares offered are offered to retail investors. In Piramal Enterprises NCD Tranche I October 2023 QIBs portion includes 4,00,000 shares and 6,00,000 shares offered are offered to retail investors.

  Muthoot Fincorp Limited Piramal Enterprises Limited
Institutional 37,500 shares 4,00,000 shares
Non Institutional 2,62,500 shares 4,00,000 shares
HNI 6,00,000 shares
Retail 4,50,000 shares 6,00,000 shares
Others
Total 7,50,000 shares 20,00,000 shares

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