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Muthoot Finance NCD Dec 2020 vs Muthoottu Mini NCD January 2021

Comparision between Muthoot Finance NCD Dec 2020 and Muthoottu Mini NCD January 2021.

NCD Details

Muthoot Finance NCD Dec 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoottu Mini NCD January 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Muthoot Finance Ltd Muthoottu Mini Financiers Limited
Logo Muthoot Finance NCD Dec 2020 Logo Muthoottu Mini NCD January 2021 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)
RHP (Base) RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating

ICRA has assigned [ICRA]AA rating with a Stable outlook, assigned to the captioned Non-Convertible Debenture Programme of the company. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. Within this category rating modifier {"+" (plus) or "-" (minus)} can be used with the rating symbols. The modifier reflects the comparative standing within the category.

CRISIL has assigned its CRISIL AA/Positive rating Proposed Issuance of Long Term Principal Market Linked Debentures of Muthoot Finance Limited. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

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

Edelweiss Financial Services Ltd

Equirus Capital Private Limited

Jm Financial Limited
Vivro Financial Services Private Limited
Debenture Trusties
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. Muthoot Finance NCD Dec 2020 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoottu Mini NCD January 2021 issue size is ₹125.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Finance Ltd Muthoottu Mini Financiers Limited
Issue Size (Base) ₹100.00 Cr ₹125.00 Cr
Issue Size (Shelf) ₹900.00 Cr ₹125.00 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 "AA (Stable)" by ICRA and "AA/Positive" by CRISIL ‘IND BBB’ : Outlook Stable for Secured and Unsecured Redeemable Non-Convertible Debentures
Tenor 38 months and 60 months 480 Days, 24, 42, 66, 61 and 84 months
Series
Payment Frequency Monthly or Annual Monthly, Cumulative,
Coupon Incentive

NCD Timetable

Offering period of Muthoot Finance NCD Dec 2020 and Muthoottu Mini NCD January 2021 is mentioned.

  Muthoot Finance Ltd Muthoottu Mini Financiers Limited
Bid/Offer Opens On Dec 11, 2020 Jan 13, 2021
Bid/Offer Closes On Jan 05, 2021 Feb 09, 2021

Shares Offered to Different Investor Category

In Muthoot Finance NCD Dec 2020 QIBs portion includes and offered are offered to retail investors. In Muthoottu Mini NCD January 2021 QIBs portion includes and offered are offered to retail investors.

  Muthoot Finance Ltd Muthoottu Mini Financiers Limited
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 12,50,000 shares

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