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Comparision between Incred Financial Services October 2023 NCD and Muthoot Finance NCD Tranche II September 2023.
Incred Financial Services October 2023 NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Finance NCD Tranche II September 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Incred Financial Services Limited | Muthoot Finance Limited | |
|---|---|---|
| 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 |
RHP |
| DRHP (Shelf) | DRHP (Shelf) |
|
| RHP (Shelf) | RHP (Shelf) |
|
| NCD Rating | The NCDs proposed to be issued have been rated 'CRISIL A+/Stable' by CRISIL Ratings Limited. |
The NCDs proposed to be issued under this Issue have been rated [ICRA] AA+/Stable (pronounced as ICRA Double A plus rating with stable outlook) by ICRA Limited. |
| Registrar | Link Intime India Private Ltd | Link Intime India Private Ltd |
| Lead Managers | Jm Financial Limited InCred Capital Wealth Portfolio Managers Private Limited |
A.K. Capital Services Limited |
| Debenture Trusties | Catalyst Trusteeship Limited | Idbi Trusteeship Services Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Incred Financial Services October 2023 NCD issue size is ₹150.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance NCD Tranche II September 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Incred Financial Services Limited | Muthoot Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹150.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹300.00 Cr | ₹2,600.00 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 | CRISIL A+/Stable by CRISIL Ratings Limited. | [ICRA] AA+/Stable by ICRA Limited |
| Tenor | 18, 24 and 36 months | 24, 36, and 60 Months |
| Series | Series I to V |
Series I to VII |
| Payment Frequency | Monthly, Quarterly and Annually | Monthly and Annually |
| Coupon Incentive |
Offering period of Incred Financial Services October 2023 NCD and Muthoot Finance NCD Tranche II September 2023 is mentioned.
| Incred Financial Services Limited | Muthoot Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Oct 25, 2023 | Sep 21, 2023 |
| Bid/Offer Closes On | Nov 07, 2023 | Sep 27, 2023 |
In Incred Financial Services October 2023 NCD QIBs portion includes 75,000 shares and 6,75,000 shares offered are offered to retail investors. In Muthoot Finance NCD Tranche II September 2023 QIBs portion includes 50,000 shares and 5,00,000 shares offered are offered to retail investors.
| Incred Financial Services Limited | Muthoot Finance Limited | |
|---|---|---|
| Institutional | 75,000 shares | 50,000 shares |
| Non Institutional | 1,50,000 shares | 2,00,000 shares |
| HNI | 6,00,000 shares | 2,50,000 shares |
| Retail | 6,75,000 shares | 5,00,000 shares |
| Others | ||
| Total | 15,00,000 shares | 10,00,000 shares |
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