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Muthoottu Mini Financiers NCD April 2022 vs Sakthi Finance NCD April 2022

Comparision between Muthoottu Mini Financiers NCD April 2022 and Sakthi Finance NCD April 2022.

NCD Details

Muthoottu Mini Financiers NCD April 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD April 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Muthoottu Mini Financiers Limited Sakthi Finance Limited
Logo Muthoottu Mini Financiers NCD April 2022 Logo Sakthi Finance NCD April 2022 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
RHP (Base) RHP
DRHP (Shelf) DRHP (Shelf)
RHP (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 NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. Instrument with such rating are expected to have a moderate degree of safety regarding timely servicing of debt financial obligations.

Registrar Link Intime India Private Ltd Link Intime India Private Ltd
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 Financiers NCD April 2022 issue size is ₹125.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD April 2022 issue size is ₹50.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoottu Mini Financiers Limited Sakthi Finance Limited
Issue Size (Base) ₹125.00 Cr ₹50.00 Cr
Issue Size (Shelf) ₹125.00 Cr ₹50.00 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 ICRA BBB (Stable)
Tenor 480 Days, 24, 36, 48 and 66 Months 24, 36, 48, and 60 months
Series

Series I to VI

Series I to VIII
Payment Frequency Monthly and Cumulative Monthly and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Muthoottu Mini Financiers NCD April 2022 and Sakthi Finance NCD April 2022 is mentioned.

  Muthoottu Mini Financiers Limited Sakthi Finance Limited
Bid/Offer Opens On Apr 20, 2022 Apr 11, 2022
Bid/Offer Closes On May 17, 2022 May 04, 2022

Shares Offered to Different Investor Category

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 Sakthi Finance NCD April 2022 QIBs portion includes 25,000 shares and 2,00,000 shares offered are offered to retail investors.

  Muthoottu Mini Financiers Limited Sakthi Finance Limited
Institutional 1,25,000 shares 25,000 shares
Non Institutional 5,00,000 shares 75,000 shares
HNI 2,00,000 shares
Retail 6,25,000 shares 2,00,000 shares
Others
Total 12,50,000 shares 5,00,000 shares

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