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Manappuram Finance NCD Jan 2019 vs Muthoot Finance NCD (Feb 2019)

Comparision between Manappuram Finance NCD Jan 2019 and Muthoot Finance NCD (Feb 2019).

NCD Details

Manappuram Finance NCD Jan 2019 is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE while Muthoot Finance NCD (Feb 2019) is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Manappuram Finance Limited Muthoot Finance Limited
Logo Manappuram Finance NCD Jan 2019 Logo Muthoot Finance NCD (Feb 2019) 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
DRHP (Shelf)
RHP (Shelf)
NCD Rating

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

Edelweiss Financial Services Ltd
A.K. Capital Services 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. Manappuram Finance NCD Jan 2019 issue size is ₹150.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance NCD (Feb 2019) issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Manappuram Finance Limited Muthoot Finance Limited
Issue Size (Base) ₹150.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹650.00 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 ICRA AA/Stable, CRISIL AA/Stable
Tenor 24 Months, 38 Months and 60 Months
Series

Series I to Series IX

Payment Frequency Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Manappuram Finance NCD Jan 2019 and Muthoot Finance NCD (Feb 2019) is mentioned.

  Manappuram Finance Limited Muthoot Finance Limited
Bid/Offer Opens On Jan 28, 2019 Feb 14, 2019
Bid/Offer Closes On Feb 27, 2019 Mar 14, 2019

Shares Offered to Different Investor Category

In Manappuram Finance NCD Jan 2019 QIBs portion includes and offered are offered to retail investors. In Muthoot Finance NCD (Feb 2019) QIBs portion includes and offered are offered to retail investors.

  Manappuram Finance Limited Muthoot Finance Limited
Institutional
Non Institutional
HNI
Retail
Others
Total

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