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Comparision between Muthoot Finance NCD Nov 2019 and Shriram Transport Finance NCD Jan 2020.
Muthoot Finance NCD Nov 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Shriram Transport Finance NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Muthoot Finance Ltd | Shriram Transport Finance Company Ltd | |
|---|---|---|
| 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) | DRHP  |
|
| RHP (Base) | RHP |
RHP |
| 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 upto Rs 40,000 million vide its letter dated December 31, 2018 and have been rated CRISIL AA/Stable by CRISIL for an amount upto Rs 40,000 million vide its letter dated January 18, 2019. The rating of the NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations. |
The NCDs proposed to be issued under this Issue have been rated 'CARE AA+; Stable' by CARE Ratings Limited ("CARE") for an amount of up to Rs 10,00,000 lacs vide its letter dated June 28, 2019, and revalidated by its letter dated December 18, 2019, 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL") for an amount of up to Rs 10,00,000 lacs vide its letter dated June 26, 2019, and revalidated by its letter dated December 12, 2019, and 'IND AA+; Outlook Stable' by India Ratings and Research Private Limited ("India Ratings") for an amount of up to Rs 10,00,000 lacs vide its letter dated June 25, 2019, and revalidated by its letter dated December 11, 2019. The rating of the NCDs by CARE, CRISIL and India Ratings indicate that instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
| Registrar | Link Intime India Private Ltd | Integrated Registry Management Services Private Limited |
| Lead Managers | A.K. Capital Services Limited Edelweiss Financial Services Ltd |
A.K. Capital Services Limited Jm Financial Limited Smc Capitals Limited |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Muthoot Finance NCD Nov 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Shriram Transport Finance NCD Jan 2020 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Finance Ltd | Shriram Transport Finance Company Ltd | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹4,000.00 Cr | ₹10,000.00 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, IND AA+ /Stable, CARE AA+ /Stable |
| Tenor | 24 months/ 38 months/ 60 months/ 90 months | Annual, Cumulative, and Monthly |
| Series | Series I to Series X |
Series I to Series VIII |
| Payment Frequency | Monthly and Annual | 3 Years/5 Years/7 Years |
| Coupon Incentive |
Offering period of Muthoot Finance NCD Nov 2019 and Shriram Transport Finance NCD Jan 2020 is mentioned.
| Muthoot Finance Ltd | Shriram Transport Finance Company Ltd | |
|---|---|---|
| Bid/Offer Opens On | Nov 29, 2019 | Jan 06, 2020 |
| Bid/Offer Closes On | Dec 20, 2019 | Jan 22, 2020 |
In Muthoot Finance NCD Nov 2019 QIBs portion includes and offered are offered to retail investors. In Shriram Transport Finance NCD Jan 2020 QIBs portion includes and offered are offered to retail investors.
| Muthoot Finance Ltd | Shriram Transport Finance Company Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 20,00,000 shares |
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