IIFL Finance NCD vs Muthoottu Mini NCD January 2021

Comparision between IIFL Finance NCD and Muthoottu Mini NCD January 2021.

NCD Details

IIFL Finance NCD is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE while Muthoottu Mini NCD January 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

	IIFL Finance Limited	Muthoottu Mini Financiers Limited
Logo
Security Type	Unsecured Subordinated Non-Convertible Debentures (Unsecured 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)
RHP (Base)	RHP	RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Lead Managers	Edelweiss Financial Services Ltd Equirus Capital Private Limited	Vivro Financial Services Private 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 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoottu Mini NCD January 2021 issue size is ₹125.00 Cr at a issue price of ₹1,000.00 per NCD.

	IIFL Finance Limited	Muthoottu Mini Financiers Limited
Issue Size (Base)	₹100.00 Cr	₹125.00 Cr
Issue Size (Shelf)	₹900.00 Cr	₹125.00 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	10 NCD	1 NCD
Credit Rating	The NCDs have been rated CRISIL AA/Negative by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited.	‘IND BBB’ : Outlook Stable for Secured and Unsecured Redeemable Non-Convertible Debentures
Tenor	87 Months	480 Days, 24, 42, 66, 61 and 84 months
Series
Payment Frequency	Monthly, Annually, At Maturity	Monthly, Cumulative,
Coupon Incentive

NCD Timetable

Offering period of IIFL Finance NCD and Muthoottu Mini NCD January 2021 is mentioned.

	IIFL Finance Limited	Muthoottu Mini Financiers Limited
Bid/Offer Opens On	Mar 03, 2021	Jan 13, 2021
Bid/Offer Closes On	Mar 18, 2021	Feb 09, 2021

Shares Offered to Different Investor Category

In IIFL Finance NCD QIBs portion includes and offered are offered to retail investors. In Muthoottu Mini NCD January 2021 QIBs portion includes and offered are offered to retail investors.

	IIFL Finance Limited	Muthoottu Mini Financiers Limited
Institutional
Non Institutional
HNI
Retail
Others
Total	10,00,000 shares	12,50,000 shares

Compare with others

IIFL Finance Limited	Muthoottu Mini Financiers Limited
Muthoot Fincorp Limited NCD April 2020	Kosamattam Finance NCD March 2021
Muthoot Finance Limited Tranche III NCD	Muthoottu Mini NCD March 2021
Edelweiss Financial NCD April 2021	IIFL Finance NCD
Kosamattam Finance NCD March 2021	Muthoot Fincorp NCD February 2020
Muthoottu Mini NCD March 2021	Power Finance Corp NCD January 2021
Muthoot Fincorp NCD February 2020	Muthoot Fincorp NCD December 2020
Power Finance Corp NCD January 2021	Kosamattam Fin NCD December 2020
Muthoottu Mini NCD January 2021	Edelweiss Financial NCD December 2020
Muthoot Fincorp NCD December 2020	Muthoot Finance NCD Dec 2020
Kosamattam Fin NCD December 2020	Muthoottu Mini NCD November 2020

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