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Comparision between Muthoot Finance Limited Tranche I NCD April 2023 and Sakthi Finance NCD April 2023.
Muthoot Finance Limited Tranche I NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| 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  |
|
| RHP (Base) | RHP |
RHP |
| DRHP (Shelf) | DRHP (Shelf) |
|
| RHP (Shelf) | RHP (Shelf) |
|
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated [ICRA] AA+/Stable (pronounced as ICRA Double A plus rating with stable outlook) by ICRA Limited. |
The NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. An instrument with such a rating is expected to have a moderate degree of safety regarding the timely servicing of debt financial obligations. |
| Registrar | Link Intime India Private Ltd | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited | Bonanza Portfolio Limited |
| Debenture Trusties | Idbi Trusteeship Services Ltd. | Catalyst Trusteeship Limited |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Muthoot Finance Limited Tranche I NCD April 2023 issue size is ₹75.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD April 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹75.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹300.00 Cr | ₹200.00 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] AA+/Stable by ICRA Limited |
ICRA BBB (Stable) |
| Tenor | 25, 37 and 61 months | 24, 36, 48, 60 and 85 months |
| Series | Series I to VII |
Series I to IX |
| Payment Frequency | Monthly and Annually | Monthly and Cumulative |
| Coupon Incentive |
Offering period of Muthoot Finance Limited Tranche I NCD April 2023 and Sakthi Finance NCD April 2023 is mentioned.
| Muthoot Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Apr 12, 2023 | Apr 17, 2023 |
| Bid/Offer Closes On | Apr 26, 2023 | Apr 28, 2023 |
In Muthoot Finance Limited Tranche I NCD April 2023 QIBs portion includes 37,500 shares and 3,75,000 shares offered are offered to retail investors. In Sakthi Finance NCD April 2023 QIBs portion includes 50,000 shares and 4,00,000 shares offered are offered to retail investors.
| Muthoot Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Institutional | 37,500 shares | 50,000 shares |
| Non Institutional | 37,500 shares | 1,50,000 shares |
| HNI | 3,00,000 shares | 4,00,000 shares |
| Retail | 3,75,000 shares | 4,00,000 shares |
| Others | ||
| Total | 7,50,000 shares | 10,00,000 shares |
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