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Muthoot Finance NCD Dec 2020 vs Muthoottu Mini NCD November 2020

Comparision between Muthoot Finance NCD Dec 2020 and Muthoottu Mini NCD November 2020.

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 November 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Muthoot Finance Ltd Muthoottu Mini Financiers Ltd
Logo Muthoot Finance NCD Dec 2020 Logo Muthoottu Mini NCD November 2020 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)
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.

The Company has received rating of 'IND BBB': Outlook Stable' by India Ratings. This means the NCD has moderate degree of safety regarding timely servicing of financial obligations and carry moderate 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 November 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Finance Ltd Muthoottu Mini Financiers Ltd
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹900.00 Cr ₹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 "AA (Stable)" by ICRA and "AA/Positive" by CRISIL 'IND BBB': Outlook Stable by India Ratings
Tenor 38 months and 60 months 480 Days, 24, 36, 50, 60 and 85 months
Series
Payment Frequency Monthly or Annual
Coupon Incentive

NCD Timetable

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

  Muthoot Finance Ltd Muthoottu Mini Financiers Ltd
Bid/Offer Opens On Dec 11, 2020 Nov 04, 2020
Bid/Offer Closes On Jan 05, 2021 Nov 18, 2020

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 November 2020 QIBs portion includes and offered are offered to retail investors.

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

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