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Muthoot Finance NCD (Feb 2019) vs Muthoot Homefin NCD (March 2019)

Comparision between Muthoot Finance NCD (Feb 2019) and Muthoot Homefin NCD (March 2019).

NCD Details

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

  Muthoot Finance Limited Muthoot Homefin (India) Ltd
Logo Muthoot Finance NCD (Feb 2019) Logo Muthoot Homefin NCD (March 2019) 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 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.

CRISIL has assigned its 'CRISIL AA/Stable' on the non-convertible debentures of Muthoot Homefin India Limited (Muthoot Homefin). The rating on long-term bank facilities has been reaffirmed at 'CRISIL AA/Stable'.

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

Edelweiss Financial Services Ltd
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. Muthoot Finance NCD (Feb 2019) issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Homefin NCD (March 2019) issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Finance Limited Muthoot Homefin (India) Ltd
Issue Size (Base) ₹100.00 Cr ₹150.00 Cr
Issue Size (Shelf) ₹650.00 Cr ₹150.00 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 CRISIL AA/Stable
Tenor 24 Months, 38 Months and 60 Months 24 months/38 months/60 months/90 months
Series

Series I to Series IX

Series 1 to Series 10

Payment Frequency Monthly, Annual and Cumulative Monthly
Coupon Incentive

NCD Timetable

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

  Muthoot Finance Limited Muthoot Homefin (India) Ltd
Bid/Offer Opens On Feb 14, 2019 Apr 08, 2019
Bid/Offer Closes On Mar 14, 2019 May 07, 2019

Shares Offered to Different Investor Category

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

  Muthoot Finance Limited Muthoot Homefin (India) Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 15,00,000 shares

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