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Indiabulls Commercial Credit NCD April 2023 vs Muthoot Finance Limited Tranche V NCD Feb 2023

Comparision between Indiabulls Commercial Credit NCD April 2023 and Muthoot Finance Limited Tranche V NCD Feb 2023.

NCD Details

Indiabulls Commercial Credit NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Finance Limited Tranche V NCD Feb 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Indiabulls Commercial Credit Limited Muthoot Finance Limited
Logo Indiabulls Commercial Credit NCD April 2023 Logo Muthoot Finance Limited Tranche V NCD Feb 2023 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)
RHP (Base) RHP RHP
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated "CRISIL AA/Stable" (pronounced as CRISIL double A rating with stable outlook) by CRISIL Ratings and [ICRA]AA (Stable) (pronounced as ICRA double A rating with a stable outlook) by ICRA Limited. Instruments with this rating are considered to have high degree of safety.

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.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Edelweiss Financial Services Ltd

Elara Capital (India) Private Limited

Trust Investment Advisors Private Limited
A.K. Capital Services Limited
Debenture Trusties Beacon Trusteeship Limited Idbi Trusteeship Services Ltd.
NRI Allowed No No
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. Indiabulls Commercial Credit NCD April 2023 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance Limited Tranche V NCD Feb 2023 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indiabulls Commercial Credit Limited Muthoot Finance Limited
Issue Size (Base) ₹200.00 Cr ₹500.00 Cr
Issue Size (Shelf) ₹1,000.00 Cr ₹3,000.00 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 CRISIL AA/Stable by CRISIL Ratings Limited and [ICRA]AA (Stable) by ICRA Limited.

AA+/Stable by ICRA.

Tenor 24, 36, and 60 Months 25, 37 and 61 months
Series

Series I to VIII

Series I to VII

Payment Frequency Annual, Cumulative and Monthly Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of Indiabulls Commercial Credit NCD April 2023 and Muthoot Finance Limited Tranche V NCD Feb 2023 is mentioned.

  Indiabulls Commercial Credit Limited Muthoot Finance Limited
Bid/Offer Opens On Apr 03, 2023 Feb 08, 2023
Bid/Offer Closes On Apr 19, 2023 Mar 03, 2023

Shares Offered to Different Investor Category

In Indiabulls Commercial Credit NCD April 2023 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors. In Muthoot Finance Limited Tranche V NCD Feb 2023 QIBs portion includes 50,000 shares and 5,00,000 shares offered are offered to retail investors.

  Indiabulls Commercial Credit Limited Muthoot Finance Limited
Institutional 3,00,000 shares 50,000 shares
Non Institutional 1,00,000 shares 50,000 shares
HNI 3,00,000 shares 4,00,000 shares
Retail 3,00,000 shares 5,00,000 shares
Others
Total 10,00,000 shares 10,00,000 shares

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