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IIFL Home Finance NCD vs Muthoottu Mini NCD August 2021

Comparision between IIFL Home Finance NCD and Muthoottu Mini NCD August 2021.

NCD Details

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

  IIFL Home Finance Ltd Muthoottu Mini Financiers Ltd
Logo IIFL Home Finance NCD Logo Muthoottu Mini NCD August 2021 Logo
Security Type Unsecured Subordinated Non-Convertible Debentures (Unsecured 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)
RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under the Issue have been rated “CRISIL AA/Stable” and “BWR AA+/ Negative” by Brickwork Ratings India Private Limited. The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

The Company has received rating of ‘CARE BBB+’: Stable (Triple B Plus; Outlook: Stable’) by CARE Ratings Limited (“CARE Ratings”)
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Equirus Capital Private Limited

Trust Investment Advisors 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 Home Finance NCD issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoottu Mini NCD August 2021 issue size is ₹125.00 Cr at a issue price of ₹1,000.00 per NCD.

  IIFL Home Finance Ltd Muthoottu Mini Financiers Ltd
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 CRISIL AA/Stable, BWR AA+/ Negative CARE BBB+ Stable (Triple B Plus; Outlook: Stable)
Tenor
Series
Payment Frequency
Coupon Incentive

NCD Timetable

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

  IIFL Home Finance Ltd Muthoottu Mini Financiers Ltd
Bid/Offer Opens On Jul 06, 2021 Aug 18, 2021
Bid/Offer Closes On Jul 28, 2021 Sep 09, 2021

Shares Offered to Different Investor Category

In IIFL Home Finance NCD QIBs portion includes and offered are offered to retail investors. In Muthoottu Mini NCD August 2021 QIBs portion includes 1,25,000 shares and 6,25,000 shares offered are offered to retail investors.

  IIFL Home Finance Ltd Muthoottu Mini Financiers Ltd
Institutional 1,25,000 shares
Non Institutional
HNI 5,00,000 shares
Retail 6,25,000 shares
Others
Total 10,00,000 shares 12,50,000 shares

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