Comparison between Muthoot Finance NCD (May 2019) and Shriram Transport Finance NCD July 2019.
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 Ltd. | Shriram Transport Finance Co.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 | |
| 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 |
| Registrar | MUFG Intime India Pvt.Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Lead Managers | Edelweiss Financial Services Ltd. A.K.Capital Services Ltd. | SMC Capitals Ltd. JM Financial Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | Yes |
| Allotment Link | Allotment Link | Allotment Link |
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 Ltd. | Shriram Transport Finance Co.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 |
Offering period of Muthoot Finance NCD (May 2019) and Shriram Transport Finance NCD July 2019 is mentioned.
| Muthoot Finance Ltd. | Shriram Transport Finance Co.Ltd. | |
|---|---|---|
| Bid/Offer Opens On | May 10, 2019 | Jul 17, 2019 |
| Bid/Offer Closes On | Jun 10, 2019 | Aug 16, 2019 |
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 Ltd. | Shriram Transport Finance Co.Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 30,00,000 shares |
