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Comparision between M & M Financial NCD and Muthoot Finance NCD (Feb 2019).
M & M Financial NCD is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE while Muthoot Finance NCD (Feb 2019) is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Mahindra & Mahindra Financial Services Ltd | Muthoot Finance Limited | |
|---|---|---|
| Logo |  |
 |
| Security Type | Unsecured Subordinated Non-Convertible Debentures (Unsecured 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 | 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 Axis Capital Limited Edelweiss Financial Services Ltd ICICI Securities Limited SBI Capital Markets Limited Trust Investment Advisors Private Limited Yes Bank Limited |
A.K. Capital Services Limited Edelweiss Financial Services Ltd |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. M & M Financial NCD issue size is ₹3,500.00 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.
| Mahindra & Mahindra Financial Services Ltd | Muthoot Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹3,500.00 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 |
Offering period of M & M Financial NCD and Muthoot Finance NCD (Feb 2019) is mentioned.
| Mahindra & Mahindra Financial Services Ltd | Muthoot Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Jan 04, 2019 | Feb 14, 2019 |
| Bid/Offer Closes On | Jan 14, 2019 | Mar 14, 2019 |
In M & M Financial NCD 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.
| Mahindra & Mahindra Financial Services Ltd | Muthoot Finance Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total |
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