Comparison between Muthoot Mercantile NCD May 2024 and Sakthi Finance NCD June 2024.
Muthoot Mercantile NCD May 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD June 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Mercantile 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  | DRHP |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated “IND BBB/Stable”, by India Ratings & Research Private Limited | The NCDs proposed to be issued by the company are rated [ICRA] BBB (Stable) by ICRA Limited (ICRA). |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | Bonanza Portfolio Ltd. |
| Debenture Trustees | Mitcon Credentia Trusteeship Services Ltd. | Catalyst Trusteeship Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Muthoot Mercantile NCD May 2024 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD June 2024 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Mercantile Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹50.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ||
| 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 | IND BBB/Stable by by India Ratings & Research Private Limited | [ICRA] BBB (Stable) by ICRA Limited. |
| Tenor | 367days, 18, 24, 36, 60, 75 months | 24, 36, 60 and 85 months |
| Series | Series I to XI | Series I to VII |
| Payment Frequency | Monthly and Cumulative | Monthly and Cumulative |
Offering period of Muthoot Mercantile NCD May 2024 and Sakthi Finance NCD June 2024 is mentioned.
| Muthoot Mercantile Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | May 06, 2024 | Jun 20, 2024 |
| Bid/Offer Closes On | May 17, 2024 | Jul 03, 2024 |
In Muthoot Mercantile NCD May 2024 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors. In Sakthi Finance NCD June 2024 QIBs portion includes 37,500 shares and 3,00,000 shares offered are offered to retail investors.
| Muthoot Mercantile Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Institutional | 50,000 shares | 37,500 shares |
| Non Institutional | 2,00,000 shares | 1,12,500 shares |
| HNI | 3,00,000 shares | |
| Retail | 2,50,000 shares | 3,00,000 shares |
| Others | ||
| Total | 5,00,000 shares | 7,50,000 shares |
