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Chemmanur Credits and Investments NCD October 2023 vs Muthoot Finance NCD Tranche II September 2023

Comparision between Chemmanur Credits and Investments NCD October 2023 and Muthoot Finance NCD Tranche II September 2023.

NCD Details

Chemmanur Credits and Investments NCD October 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Finance NCD Tranche II September 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Chemmanur Credits and Investments Limited Muthoot Finance Limited
Logo Chemmanur Credits and Investments NCD October 2023 Logo Muthoot Finance NCD Tranche II September 2023 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 RHP
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued have been rated 'CRISIL BBB-/Stable' by CRISIL Ratings Limited.

The NCDs proposed to be issued under this Issue have been rated [ICRA] AA+/Stable (pronounced as ICRA Double A plus rating with stable outlook) by ICRA Limited.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Vivro Financial Services Private Limited A.K. Capital Services Limited
Debenture Trusties Mitcon Credentia Trusteeship Services Limited Idbi Trusteeship Services Ltd.
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. Chemmanur Credits and Investments NCD October 2023 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance NCD Tranche II September 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Chemmanur Credits and Investments Limited Muthoot Finance Limited
Issue Size (Base) ₹50.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹100.00 Cr ₹2,600.00 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 CRISIL BBB-/Stable by CRISIL Ratings Limited. [ICRA] AA+/Stable by ICRA Limited
Tenor 366 days, 18, 24, 36, 60, 12 and 74 months 24, 36, and 60 Months
Series

Series I to VIII

Series I to VII
Payment Frequency Monthly and Cumulative Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of Chemmanur Credits and Investments NCD October 2023 and Muthoot Finance NCD Tranche II September 2023 is mentioned.

  Chemmanur Credits and Investments Limited Muthoot Finance Limited
Bid/Offer Opens On Oct 16, 2023 Sep 21, 2023
Bid/Offer Closes On Oct 30, 2023 Sep 27, 2023

Shares Offered to Different Investor Category

In Chemmanur Credits and Investments NCD October 2023 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors. In Muthoot Finance NCD Tranche II September 2023 QIBs portion includes 50,000 shares and 5,00,000 shares offered are offered to retail investors.

  Chemmanur Credits and Investments Limited Muthoot Finance Limited
Institutional 50,000 shares 50,000 shares
Non Institutional 2,00,000 shares 2,00,000 shares
HNI 2,50,000 shares
Retail 2,50,000 shares 5,00,000 shares
Others
Total 5,00,000 shares 10,00,000 shares

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