Comparison between Muthoot Fincorp Limited NCD Sept 2019 and SREI Equipment NCD Aug 2019.
Muthoot Fincorp Limited NCD Sept 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while SREI Equipment NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Fincorp Ltd. | SREI Equipment 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  | |
| 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 "BWR A+" (BWR A plus; Outlook: Stable)' for an amount of Rs 50,000 lakhs , by Brickwork Ratings India Private Limited ("Brickworks") vide their letter dated August 23, 2019. The rating of BWR A+ by Brickworks indicate that instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk. | The NCDs proposed to be issued under this Issue have been rated "BWR AA" (BWR Double A) (Outlook: Negative) by Brickwork Ratings India Private Limited ("BRICKWORK") pursuant to letter dated July 05, 2019 and |
| Registrar | Integrated Registry Management Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | SMC Capitals Ltd. | SMC Capitals Ltd. Karvy Investor Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Muthoot Fincorp Limited NCD Sept 2019 issue size is ₹250.00 Cr at an issue price of ₹1,000.00 per NCD. SREI Equipment NCD Aug 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Fincorp Ltd. | SREI Equipment Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹250.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹250.00 Cr | ₹400.00 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 | BWR A+/ Stable by Brickworks | BWR AA/Negative, Acuite AA-/Stable |
| Tenor | 400 days/24 months/36 months | 1 year/ 2 year/ 3 year/ 5 year |
| Series | Series I to Series VIII | Series I to Series X |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly/ Quarterly/ Annual/ Cumulative |
Offering period of Muthoot Fincorp Limited NCD Sept 2019 and SREI Equipment NCD Aug 2019 is mentioned.
| Muthoot Fincorp Ltd. | SREI Equipment Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 20, 2019 | Aug 19, 2019 |
| Bid/Offer Closes On | Oct 18, 2019 | Sep 11, 2019 |
In Muthoot Fincorp Limited NCD Sept 2019 QIBs portion includes and offered are offered to retail investors. In SREI Equipment NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.
| Muthoot Fincorp Ltd. | SREI Equipment Finance Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 25,00,000 shares | 10,00,000 shares |
