CreditAccess Grameen Tranche II NCD 2023 vs Muthoot Fincorp NCD Sep Tranche I 2023

Comparision between CreditAccess Grameen Tranche II NCD 2023 and Muthoot Fincorp NCD Sep Tranche I 2023.

NCD Details

CreditAccess Grameen Tranche II NCD 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Fincorp NCD Sep Tranche I 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

	CreditAccess Grameen Limited	Muthoot Fincorp Limited
Logo
Security Type	Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)	Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at	BSE, NSE	BSE
Basis of Allotment	First Come First Serve Basis	First Come First Serve Basis
DRHP (Base)
RHP (Base)	RHP	RHP
DRHP (Shelf)		DRHP (Shelf)
RHP (Shelf)		RHP (Shelf)
NCD Rating	The NCDs proposed to be issued under the Issue have been rated IND AA-/Stable for an amount of Rs 1500 Crores by India Ratings & Research Private Limited.	The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited.
Registrar	Kfin Technologies Limited	Integrated Registry Management Services Private Limited
Lead Managers	A.K. Capital Services Limited	Smc Capitals Limited
Debenture Trusties	Catalyst Trusteeship Limited	Vardhman Trusteeship Private Limited
NRI Allowed	No	No
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. CreditAccess Grameen Tranche II NCD 2023 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD Sep Tranche I 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

	CreditAccess Grameen Limited	Muthoot Fincorp Limited
Issue Size (Base)	₹1,000.00 Cr	₹100.00 Cr
Issue Size (Shelf)	₹1,500.00 Cr	₹1,100.00 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	IND AA-/Stable	CRISIL AA-/Stable
Tenor	24, 33 and 60 months	24, 36, 60 and 96 months
Series	Series I to VIII	Series I to X
Payment Frequency	Monthly and Cumulative	Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of CreditAccess Grameen Tranche II NCD 2023 and Muthoot Fincorp NCD Sep Tranche I 2023 is mentioned.

	CreditAccess Grameen Limited	Muthoot Fincorp Limited
Bid/Offer Opens On	Aug 24, 2023	Sep 01, 2023
Bid/Offer Closes On	Sep 01, 2023	Sep 14, 2023

Shares Offered to Different Investor Category

In CreditAccess Grameen Tranche II NCD 2023 QIBs portion includes 10,00,000 shares and 10,00,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD Sep Tranche I 2023 QIBs portion includes 50,000 shares and 6,00,000 shares offered are offered to retail investors.

	CreditAccess Grameen Limited	Muthoot Fincorp Limited
Institutional	10,00,000 shares	50,000 shares
Non Institutional	12,00,000 shares	3,50,000 shares
HNI	8,00,000 shares
Retail	10,00,000 shares	6,00,000 shares
Others
Total	40,00,000 shares	10,00,000 shares

Compare with others

CreditAccess Grameen Limited	Muthoot Fincorp Limited
Kosamattam Finance NCD September 2023	Edelweiss Financial Services NCD October 2023
Indiabulls Housing Finance TrancheII NCD July 2023	Aditya Birla Finance NCD September 2023
Muthoot Fincorp NCD Sep Tranche I 2023	Muthoot Finance NCD Tranche II September 2023
Nido Home Finance NCD Aug 2023	Kosamattam Finance NCD September 2023
KLM Axiva Finvest NCD August 2023	Indiabulls Housing Finance TrancheII NCD July 2023
Vivriti Capital NCD August 2023	Nido Home Finance NCD Aug 2023
Cholamandalam Investment NCD Tranche II July 2023	KLM Axiva Finvest NCD August 2023
Power Finance Corporation NCD July 2023	CreditAccess Grameen Tranche II NCD 2023
Navi Finserv NCD July 2023	Vivriti Capital NCD August 2023
Indiabulls Housing Finance Tranche I NCD July 2023	Cholamandalam Investment NCD Tranche II July 2023

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