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Muthoot Fincorp NCD Jan 2020 vs SREI Equipment NCD Aug 2019

Comparision between Muthoot Fincorp NCD Jan 2020 and SREI Equipment NCD Aug 2019.

NCD Details

Muthoot Fincorp NCD Jan 2020 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 Limited Srei Equipment Finance Ltd
Logo Muthoot Fincorp NCD Jan 2020 Logo SREI Equipment NCD Aug 2019 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 "A (Stable)" for an amount of Rs 50,000 lakhs by CRISIL Limited ("CRISIL") vide their letter dated October 10, 2019 and further revalidated by their letter dated December 26, 2019 and rated "BWR A +" Outlook: Stable)' for an amount of Rs 50,000 lakhs, by Brickwork Ratings India Pvt. Ltd. ("Brickworks") vide their letter dated December 12, 2019.

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
further revalidated by letters dated July 19, 2019 and August 06, 2019 and Acuite AA- (Acuite double A minus) by "Acuite Rating Limited" ("ACUITE") pursuant to letter dated July 30, 2019. Instruments with a rating of "BWR AA" (BWR Double A) (Outlook: Negative) by BRICKWORK and Acuite AA- (Acuite double A minus) by Acuite are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Registrar Integrated Registry Management Services Private Limited Kfin Technologies Limited
Lead Managers Smc Capitals Limited Karvy Investor Services Limited

Smc Capitals Limited
Debenture Trusties
NRI Allowed No No
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 Fincorp NCD Jan 2020 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 Limited Srei Equipment Finance Ltd
Issue Size (Base) ₹250.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹480.00 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, CRISIL A/Stable BWR AA/Negative, Acuite AA-/Stable
Tenor 400 days/ 24 months/ 38 months/ 60 months 1 year/ 2 year/ 3 year/ 5 year
Series

Series I to Series XI

Series I to Series X

Payment Frequency Monthly, Annual and Cumulative Monthly/ Quarterly/ Annual/ Cumulative
Coupon Incentive

NCD Timetable

Offering period of Muthoot Fincorp NCD Jan 2020 and SREI Equipment NCD Aug 2019 is mentioned.

  Muthoot Fincorp Limited Srei Equipment Finance Ltd
Bid/Offer Opens On Jan 09, 2020 Aug 19, 2019
Bid/Offer Closes On Feb 04, 2020 Sep 11, 2019

Shares Offered to Different Investor Category

In Muthoot Fincorp NCD Jan 2020 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 Limited Srei Equipment Finance Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 25,00,000 shares 10,00,000 shares

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