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Edelweiss Financial NCD December 2020 vs Muthoot Finance NCD Oct 2020

Comparision between Edelweiss Financial NCD December 2020 and Muthoot Finance NCD Oct 2020.

NCD Details

Edelweiss Financial NCD December 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Finance NCD Oct 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Edelweiss Financial Services Limited Muthoot Finance Ltd
Logo Edelweiss Financial NCD December 2020 Logo Muthoot Finance NCD Oct 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)
RHP (Base) RHP
DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

ICRA has assigned "[ICRA]AA" (pronounced ICRA double A) rating with a Stable outlook, assigned to the captioned Non-Convertible Debenture Programme of your company and last communicated to you vide our letter dated September 15, 2020 and September 25, 2020 stands. 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 PP-MLD AAr/Positive' rating to Rs.350 crore Proposed Issuance of Long Term Principal Market Linked Debentures of Muthoot Finance Limited (Muthoot Finance). The ratings on existing debt instruments have been at 'CRISIL AA/CRISIL PP-MLD AAr/Positive/CRISIL A1+'.

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

Edelweiss Financial Services Ltd

Equirus Capital Private Limited

Jm Financial 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. Edelweiss Financial NCD December 2020 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance NCD Oct 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Edelweiss Financial Services Limited Muthoot Finance Ltd
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹100.00 Cr ₹1,900.00 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
Tenor 36 months, 60 months, 120 months 38 months and 60 months
Series
Payment Frequency Monthly, Annual and Cumulative Monthly, Annual or Cumulative
Coupon Incentive

NCD Timetable

Offering period of Edelweiss Financial NCD December 2020 and Muthoot Finance NCD Oct 2020 is mentioned.

  Edelweiss Financial Services Limited Muthoot Finance Ltd
Bid/Offer Opens On Dec 23, 2020 Oct 27, 2020
Bid/Offer Closes On Jan 04, 2021 Oct 29, 2020

Shares Offered to Different Investor Category

In Edelweiss Financial NCD December 2020 QIBs portion includes and offered are offered to retail investors. In Muthoot Finance NCD Oct 2020 QIBs portion includes and offered are offered to retail investors.

  Edelweiss Financial Services Limited Muthoot Finance Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 10,00,000 shares

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