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Comparision between Indiabulls Consumer NCD May 2019 and Muthoot Finance NCD (May 2019).
Indiabulls Consumer NCD May 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Finance NCD (May 2019) is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Indiabulls Consumer Finance Limited | Muthoot Finance 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) | DRHP  |
|
| RHP (Base) | RHP |
|
| DRHP (Shelf) | DRHP (Shelf) |
|
| RHP (Shelf) | RHP (Shelf) |
|
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated CARE AA; Stable (pronounced as Double A; Outlook: Stable), for an amount of Rs 30,000 million by CARE Ratings Limited vide their letter no. CARE/HO/RL/2018-19/4260 dated December 28, 2018. Further, they have been rated BWR AA+ (pronounced as BWR Double A Plus) (Outlook: Stable), for an amount of Rs 30,000 million by Brickwork Ratings India Private Limited vide their letter no. BWR/NCD/HO/ERC/RB/0615/2018-19 dated January 4, 2019 and 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 NCDs proposed to be issued under this Issue have been rated [ICRA] AA (Stable) by ICRA for an amount of up to Rs 40,000 million and have been rated CRISIL AA/Stable by CRISIL for an amount up to Rs 40,000 million. The rating of the NCDs by ICRA and CRISIL indicates a high degree of safety regarding timely servicing of financial obligations. |
| Registrar | Kfin Technologies Limited | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited Axis Bank Limited Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited |
A.K. Capital Services Limited Edelweiss Financial Services Ltd |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Indiabulls Consumer NCD May 2019 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance NCD (May 2019) issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indiabulls Consumer Finance Limited | Muthoot Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹3,000.00 Cr | ₹4,000.00 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 | CARE AA/Stable, BWR AA+/Stable | ICRA AA/Stable, CRISIL AA/Stable |
| Tenor | 400 days/ 24 months /36 months/ 60 months | 24 / 38 / 60 /90 Months |
| Series | Series I to Series IX |
Series I to Series X |
| Payment Frequency | Monthly and Annual | Monthly, Annually |
| Coupon Incentive |
Offering period of Indiabulls Consumer NCD May 2019 and Muthoot Finance NCD (May 2019) is mentioned.
| Indiabulls Consumer Finance Limited | Muthoot Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | May 30, 2019 | May 10, 2019 |
| Bid/Offer Closes On | Jun 21, 2019 | Jun 10, 2019 |
In Indiabulls Consumer NCD May 2019 QIBs portion includes and offered are offered to retail investors. In Muthoot Finance NCD (May 2019) QIBs portion includes and offered are offered to retail investors.
| Indiabulls Consumer Finance Limited | Muthoot Finance Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
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