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Indel Money NCD June 2023 vs Muthoot Fincorp NCD April 2023

Comparision between Indel Money NCD June 2023 and Muthoot Fincorp NCD April 2023.

NCD Details

Indel Money NCD June 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Indel Money Limited Muthoot Fincorp Limited
Logo Indel Money NCD June 2023 Logo Muthoot Fincorp NCD April 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 DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating

The company has received a rating of BBB +/Stable (pronounced as CRISIL triple B plus rating with Stable outlook) by Crisil Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

Registrar Link Intime India Private Ltd Integrated Registry Management Services Private Limited
Lead Managers Vivro Financial Services Private Limited Smc Capitals Limited
Debenture Trusties Vistra Itcl India Limited Vardhman Trusteeship Private Limited
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. Indel Money NCD June 2023 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD April 2023 issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indel Money Limited Muthoot Fincorp Limited
Issue Size (Base) ₹50.00 Cr ₹150.00 Cr
Issue Size (Shelf) ₹100.00 Cr ₹300.00 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 BBB +/Stable rating by Crisil Ratings Limited. CRISIL AA-/Stable by CRISIL Ratings Limited
Tenor 400 days, 24, 61, and 72 months. 27, 42, 60 and 84 Months
Series Series I to VII

Series I to VIII

Payment Frequency Monthly and Cumulative Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Indel Money NCD June 2023 and Muthoot Fincorp NCD April 2023 is mentioned.

  Indel Money Limited Muthoot Fincorp Limited
Bid/Offer Opens On Jun 06, 2023 Apr 12, 2023
Bid/Offer Closes On Jun 19, 2023 Apr 26, 2023

Shares Offered to Different Investor Category

In Indel Money NCD June 2023 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD April 2023 QIBs portion includes 75,000 shares and 9,00,000 shares offered are offered to retail investors.

  Indel Money Limited Muthoot Fincorp Limited
Institutional 50,000 shares 75,000 shares
Non Institutional 2,00,000 shares 5,25,000 shares
HNI
Retail 2,50,000 shares 9,00,000 shares
Others
Total 5,00,000 shares 15,00,000 shares

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