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Muthoot Finance NCD Nov 2019 vs Muthoot Fincorp NCD Jan 2020

Comparision between Muthoot Finance NCD Nov 2019 and Muthoot Fincorp NCD Jan 2020.

NCD Details

Muthoot Finance NCD Nov 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Muthoot Finance Ltd Muthoot Fincorp Limited
Logo Muthoot Finance NCD Nov 2019 Logo Muthoot Fincorp NCD Jan 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 DRHP
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 upto Rs 40,000 million vide its letter dated December 31, 2018 and have been rated CRISIL AA/Stable by CRISIL for an amount upto Rs 40,000 million vide its letter dated January 18, 2019. The rating of the NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations.

The NCDs proposed to be issued under this Issue have been rated "A (Stable)" for an amount of Rs 50,000 lakhs by CRISIL Limited ("CRISIL") vide their letter dated October 10, 2019 and further revalidated by their letter dated December 26, 2019 and rated "BWR A +" Outlook: Stable)' for an amount of Rs 50,000 lakhs, by Brickwork Ratings India Pvt. Ltd. ("Brickworks") vide their letter dated December 12, 2019.

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

Edelweiss Financial Services Ltd
Smc Capitals 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 Nov 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD Jan 2020 issue size is ₹250.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Finance Ltd Muthoot Fincorp Limited
Issue Size (Base) ₹100.00 Cr ₹250.00 Cr
Issue Size (Shelf) ₹4,000.00 Cr ₹480.00 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 BWR A+ /Stable, CRISIL A/Stable
Tenor 24 months/ 38 months/ 60 months/ 90 months 400 days/ 24 months/ 38 months/ 60 months
Series

Series I to Series X

Series I to Series XI

Payment Frequency Monthly and Annual Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Muthoot Finance NCD Nov 2019 and Muthoot Fincorp NCD Jan 2020 is mentioned.

  Muthoot Finance Ltd Muthoot Fincorp Limited
Bid/Offer Opens On Nov 29, 2019 Jan 09, 2020
Bid/Offer Closes On Dec 20, 2019 Feb 04, 2020

Shares Offered to Different Investor Category

In Muthoot Finance NCD Nov 2019 QIBs portion includes and offered are offered to retail investors. In Muthoot Fincorp NCD Jan 2020 QIBs portion includes and offered are offered to retail investors.

  Muthoot Finance Ltd Muthoot Fincorp Limited
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 25,00,000 shares

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