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IIFL Finance NCD September 2021 vs Muthoot Fincorp NCD September 2021

Comparision between IIFL Finance NCD September 2021 and Muthoot Fincorp NCD September 2021.

NCD Details

IIFL Finance NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Fincorp NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  IIFL Finance Limited Muthoot Fincorp Limited
Logo IIFL Finance NCD September 2021 Logo Muthoot Fincorp NCD September 2021 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) DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating The NCDs have been rated CRISIL AA/Stable by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited.

The issue has been rated “CRISILA+/Stable” by CRISIL Ratings Limited for an amount of ₹ 400 Crores. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.

Registrar Link Intime India Private Ltd Integrated Registry Management Services Private Limited
Lead Managers Edelweiss Financial Services Ltd

Equirus Capital Private Limited

Iifl Securities Ltd
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. IIFL Finance NCD September 2021 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD September 2021 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.

  IIFL Finance Limited Muthoot Fincorp Limited
Issue Size (Base) ₹100.00 Cr ₹200.00 Cr
Issue Size (Shelf) ₹900.00 Cr ₹200.00 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 AA/Stable & BWR AA+/ Negative ‘"CRISILA+/Stable" by CRISIL Ratings
Tenor 24, 36 and 60 Months 27, 38, 60, 72, and 87 Months
Series

Series I to Series X

Payment Frequency Annual, Cumulative Monthly and Cumulative
Coupon Incentive

NCD Timetable

Offering period of IIFL Finance NCD September 2021 and Muthoot Fincorp NCD September 2021 is mentioned.

  IIFL Finance Limited Muthoot Fincorp Limited
Bid/Offer Opens On Sep 27, 2021 Sep 30, 2021
Bid/Offer Closes On Oct 08, 2021 Oct 26, 2021

Shares Offered to Different Investor Category

In IIFL Finance NCD September 2021 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD September 2021 QIBs portion includes 1,00,000 shares and 11,00,000 shares offered are offered to retail investors.

  IIFL Finance Limited Muthoot Fincorp Limited
Institutional 1,00,000 shares 1,00,000 shares
Non Institutional 1,00,000 shares 8,00,000 shares
HNI 4,00,000 shares
Retail 4,00,000 shares 11,00,000 shares
Others
Total 10,00,000 shares 20,00,000 shares

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