Indiabulls NCD Feb 2019 vs Muthoot Finance NCD (Feb 2019)

Comparision between Indiabulls NCD Feb 2019 and Muthoot Finance NCD (Feb 2019).

NCD Details

Indiabulls NCD Feb 2019 is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE, NSE while Muthoot Finance NCD (Feb 2019) is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

	Indiabulls Consumer Finance Limited	Muthoot Finance Limited
Logo
Security Type	Unsecured Subordinated Non-Convertible Debentures (Unsecured 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
DRHP (Shelf)
RHP (Shelf)
NCD Rating		The NCDs proposed to be issued under this Issue have been rated [ICRA] AA (Stable) by ICRA for an amount of up to Rs 40,000 million and have been rated CRISIL AA/Stable by CRISIL for an amount up to Rs 40,000 million. The rating of the NCDs by ICRA and CRISIL indicates a 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 Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited	A.K. Capital Services Limited Edelweiss Financial Services Ltd
Debenture Trusties
NRI Allowed	No	No
Allotment Link		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 NCD Feb 2019 issue size is ₹3,000.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance NCD (Feb 2019) issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

	Indiabulls Consumer Finance Limited	Muthoot Finance Limited
Issue Size (Base)	₹3,000.00 Cr	₹100.00 Cr
Issue Size (Shelf)		₹650.00 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, CRISIL AA/Stable
Tenor		24 Months, 38 Months and 60 Months
Series		Series I to Series IX
Payment Frequency		Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Indiabulls NCD Feb 2019 and Muthoot Finance NCD (Feb 2019) is mentioned.

	Indiabulls Consumer Finance Limited	Muthoot Finance Limited
Bid/Offer Opens On	Feb 04, 2019	Feb 14, 2019
Bid/Offer Closes On	Mar 01, 2019	Mar 14, 2019

Shares Offered to Different Investor Category

In Indiabulls NCD Feb 2019 QIBs portion includes and offered are offered to retail investors. In Muthoot Finance NCD (Feb 2019) QIBs portion includes and offered are offered to retail investors.

	Indiabulls Consumer Finance Limited	Muthoot Finance Limited
Institutional
Non Institutional
HNI
Retail
Others
Total

Compare with others

Indiabulls Consumer Finance Limited	Muthoot Finance Limited
Muthoot Homefin NCD (March 2019)	Shriram City NCD April 2019
L&T Finance NCD March 2019	Kosamattam Finance NCD March 2019
Muthoot Finance NCD (Feb 2019)	Muthoottu Mini Financiers NCD March 2019
Manappuram Finance NCD Jan 2019	Muthoot Homefin NCD (March 2019)
India Infoline Finance NCD Jan 2019	L&T Finance NCD March 2019
Shriram Transport Finance stfc NCD Jan 2019	Manappuram Finance NCD Jan 2019
M & M Financial NCD	India Infoline Finance NCD Jan 2019
Kosamattam Finance NCD Dec 2018	Indiabulls NCD Feb 2019
SREI Equipment Finance NCD Dec 2018	Shriram Transport Finance stfc NCD Jan 2019
ECL Finance NCD Dec 2018	M & M Financial NCD

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