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Muthoot Finance NCD (May 2019) vs Shriram Transport Finance NCD July 2019

Comparision between Muthoot Finance NCD (May 2019) and Shriram Transport Finance NCD July 2019.

NCD Details

Muthoot Finance NCD (May 2019) is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Shriram Transport Finance NCD July 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Muthoot Finance Limited Shriram Transport Finance Company Ltd
Logo Muthoot Finance NCD (May 2019) Logo Shriram Transport Finance NCD July 2019 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
DRHP (Shelf) DRHP (Shelf)
RHP (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 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, '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 '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. The rating of the NCDs by CARE, CRISIL and India Ratings
indicate that instruments with this rating are considered to have 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 Yes
Allotment Link Allotment Link 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. Muthoot Finance NCD (May 2019) issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Shriram Transport Finance NCD July 2019 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Finance Limited Shriram Transport Finance Company Ltd
Issue Size (Base) ₹100.00 Cr ₹300.00 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, CRISIL AA+/Stable
Tenor 24 / 38 / 60 /90 Months Annual, Cumulative, and Monthly
Series

Series I to Series X

Series I to Series X

Payment Frequency Monthly, Annually 30 months/42 months/60 months/84 months
Coupon Incentive

NCD Timetable

Offering period of Muthoot Finance NCD (May 2019) and Shriram Transport Finance NCD July 2019 is mentioned.

  Muthoot Finance Limited Shriram Transport Finance Company Ltd
Bid/Offer Opens On May 10, 2019 Jul 17, 2019
Bid/Offer Closes On Jun 10, 2019 Aug 16, 2019

Shares Offered to Different Investor Category

In Muthoot Finance NCD (May 2019) QIBs portion includes and offered are offered to retail investors. In Shriram Transport Finance NCD July 2019 QIBs portion includes and offered are offered to retail investors.

  Muthoot Finance Limited Shriram Transport Finance Company Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 30,00,000 shares

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