Comparison between Muthoottu Mini Financiers NCD April 2022 and Sakthi Finance NCD April 2022.
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 Ltd. | Sakthi Finance 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  | |
| 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 | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | Dalmia Securities Pvt.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. Sakthi Finance NCD April 2022 issue size is ₹50.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoottu Mini Financiers Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| 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 |
Offering period of Muthoottu Mini Financiers NCD April 2022 and Sakthi Finance NCD April 2022 is mentioned.
| Muthoottu Mini Financiers Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Apr 20, 2022 | Apr 11, 2022 |
| Bid/Offer Closes On | May 17, 2022 | May 04, 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 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 Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| 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 |
