Comparison between Muthoot Finance NCD (Feb 2019) and Shriram City NCD April 2019.
Muthoot Finance NCD (Feb 2019) is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Shriram City NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Finance Ltd. | Shriram City Union 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) | ||
| RHP (Base) | RHP  | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated [ICRA] AA (Stable) by ICRA for an amount of up to Rs 40,000 million and have been rated CRISIL AA/Stable by CRISIL for an amount up to Rs 40,000 million. The rating of the NCDs by ICRA and CRISIL indicates a high degree of safety regarding timely servicing of financial obligations. | The NCDs proposed to be issued under the Issue have been rated 'CARE AA+ Stable' (Double A Plus; Outlook: Stable) by CARE and 'CRISIL AA/Stable' (pronounced as CRISIL double A rating with Stable outlook) by CRISIL for an amount of upto 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019) respectively. The rating of the NCDs by CARE and CRISIL are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. |
| Registrar | MUFG Intime India Pvt.Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Lead Managers | Edelweiss Financial Services Ltd. A.K.Capital Services Ltd. | Edelweiss Financial Services Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Muthoot Finance NCD (Feb 2019) issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Shriram City NCD April 2019 issue size is ₹750.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Finance Ltd. | Shriram City Union Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹750.00 Cr |
| Issue Size (Shelf) | ₹650.00 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 | ICRA AA/Stable, CRISIL AA/Stable | CARE AA+/Stable, CRISIL AA/Stable |
| Tenor | 24 Months, 38 Months and 60 Months | 24 months/ 36 months/ 60 months |
| Series | Series I to Series IX | Series 1 to Series 8 |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly, Annual and Cumulative |
Offering period of Muthoot Finance NCD (Feb 2019) and Shriram City NCD April 2019 is mentioned.
| Muthoot Finance Ltd. | Shriram City Union Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Feb 14, 2019 | Apr 05, 2019 |
| Bid/Offer Closes On | Mar 14, 2019 | May 03, 2019 |
In Muthoot Finance NCD (Feb 2019) QIBs portion includes and offered are offered to retail investors. In Shriram City NCD April 2019 QIBs portion includes and offered are offered to retail investors.
| Muthoot Finance Ltd. | Shriram City Union Finance Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares |
