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Comparision between Muthoot Finance NCD Oct 2020 and Muthoottu Mini NCD September 2020.
Muthoot Finance NCD Oct 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoottu Mini NCD September 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Finance Ltd | Muthoottu Mini Financiers Ltd | |
|---|---|---|
| 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  |
|
| 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+'. |
The Company has received rating of 'IND BBB': Outlook Stable' by India Ratings. This means the NCD has moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk. |
| Registrar | Link Intime India Private Ltd | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited Edelweiss Financial Services Ltd Equirus Capital Private Limited Jm Financial Limited |
Vivro Financial Services Private Limited |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Muthoot Finance NCD Oct 2020 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoottu Mini NCD September 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Finance Ltd | Muthoottu Mini Financiers Ltd | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹1,900.00 Cr | ₹100.00 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 | IND BBB (Outlook Stable) by India Ratings |
| Tenor | 38 months and 60 months | 24, 36, 50, 60, 85 months and 480 days |
| Series | ||
| Payment Frequency | Monthly, Annual or Cumulative | |
| Coupon Incentive |
Offering period of Muthoot Finance NCD Oct 2020 and Muthoottu Mini NCD September 2020 is mentioned.
| Muthoot Finance Ltd | Muthoottu Mini Financiers Ltd | |
|---|---|---|
| Bid/Offer Opens On | Oct 27, 2020 | Sep 09, 2020 |
| Bid/Offer Closes On | Oct 29, 2020 | Sep 24, 2020 |
In Muthoot Finance NCD Oct 2020 QIBs portion includes and offered are offered to retail investors. In Muthoottu Mini NCD September 2020 QIBs portion includes and offered are offered to retail investors.
| Muthoot Finance Ltd | Muthoottu Mini Financiers Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
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