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Comparision between M & M Financial NCD and Manappuram Home Finance NCD Sept 2019.
M & M Financial NCD is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE while Manappuram Home Finance NCD Sept 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Mahindra & Mahindra Financial Services Ltd | Manappuram Home Finance Limited | |
|---|---|---|
| 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) | DRHP  |
|
| RHP (Base) | RHP |
|
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated "CARE AA-; Stable" (AA minus; Outlook Stable) by CARE Ratings Limited ("CARE Ratings") for an amount up to Rs 20,000 lakhs, vide its letter dated August 26, 2019 and revalidated letter dated September 16, 2019 and the Rating Rationale letter dated August 28, 2019. The rating of NCDs by CARE Ratings indicates that instruments with this rating are considered to have 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 Axis Capital Limited Edelweiss Financial Services Ltd ICICI Securities Limited SBI Capital Markets Limited Trust Investment Advisors Private Limited Yes Bank Limited |
Vivro Financial Services Private Limited |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. M & M Financial NCD issue size is ₹3,500.00 Cr at an issue price of ₹1,000.00 per NCD. Manappuram Home Finance NCD Sept 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Mahindra & Mahindra Financial Services Ltd | Manappuram Home Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹3,500.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹100.00 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 | |
| Tenor | 36 months/ 60 months/ 2500 days | |
| Series | Series 1 to Series 7 |
|
| Payment Frequency | Monthly, Annual and Cumulative | |
| Coupon Incentive |
Offering period of M & M Financial NCD and Manappuram Home Finance NCD Sept 2019 is mentioned.
| Mahindra & Mahindra Financial Services Ltd | Manappuram Home Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Jan 04, 2019 | Sep 30, 2019 |
| Bid/Offer Closes On | Jan 14, 2019 | Oct 29, 2019 |
In M & M Financial NCD QIBs portion includes and offered are offered to retail investors. In Manappuram Home Finance NCD Sept 2019 QIBs portion includes and offered are offered to retail investors.
| Mahindra & Mahindra Financial Services Ltd | Manappuram Home Finance Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares |
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