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L&T Finance NCD March 2019 vs Muthoot Homefin NCD (March 2019)

Comparision between L&T Finance NCD March 2019 and Muthoot Homefin NCD (March 2019).

NCD Details

L&T Finance NCD March 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Homefin NCD (March 2019) is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  L&T Finance Limited Muthoot Homefin (India) Ltd
Logo L&T Finance NCD March 2019 Logo Muthoot Homefin NCD (March 2019) 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 proposed to be issued under this Issue have been rated '[ICRA] AAA (stable) (pronounced as ICRA triple-A with Stable outlook)' for an amount of Rs 5,00,000 lakhs, by ICRA Limited ("ICRA"), CARE AAA / Stable (pronounced as CARE triple-A with Stable Outlook) for an amount of Rs 5,00,000 lakhs, by CARE Ratings Ltd. ("CARE") and IND AAA / Stable (pronounced as IND triple-A with Stable outlook) for an amount of Rs 5,00,000 lakhs, by India Ratings and Research Private Limited ("India Ratings"). The rating of NCDs by ICRA, CARE and India Ratings indicate that instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.

CRISIL has assigned its 'CRISIL AA/Stable' on the non-convertible debentures of Muthoot Homefin India Limited (Muthoot Homefin). The rating on long-term bank facilities has been reaffirmed at 'CRISIL AA/Stable'.

Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers A.K. Capital Services Limited

Axis Bank Limited

Edelweiss Financial Services Ltd

Trust Investment Advisors Private Limited
Edelweiss Financial Services Ltd
Debenture Trusties
NRI Allowed No No
Allotment Link 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. L&T Finance NCD March 2019 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Homefin NCD (March 2019) issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.

  L&T Finance Limited Muthoot Homefin (India) Ltd
Issue Size (Base) ₹500.00 Cr ₹150.00 Cr
Issue Size (Shelf) ₹1,000.00 Cr ₹150.00 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 ICRA AAA/Stable, CARE AAA/Stable, IND AAA/Stable CRISIL AA/Stable
Tenor 37 months, 60 months and 120 months 24 months/38 months/60 months/90 months
Series

Series 1 to Series 6

Series 1 to Series 10

Payment Frequency Monthly, Annual and Cumulative Monthly
Coupon Incentive

NCD Timetable

Offering period of L&T Finance NCD March 2019 and Muthoot Homefin NCD (March 2019) is mentioned.

  L&T Finance Limited Muthoot Homefin (India) Ltd
Bid/Offer Opens On Mar 06, 2019 Apr 08, 2019
Bid/Offer Closes On Mar 07, 2019 May 07, 2019

Shares Offered to Different Investor Category

In L&T Finance NCD March 2019 QIBs portion includes and offered are offered to retail investors. In Muthoot Homefin NCD (March 2019) QIBs portion includes and offered are offered to retail investors.

  L&T Finance Limited Muthoot Homefin (India) Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 15,00,000 shares

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