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Comparision between IIFL Finance NCD Tranche II June 2023 and Muthoot Fincorp NCD April 2023.
IIFL Finance NCD Tranche II June 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Fincorp NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Finance Limited | Muthoot Fincorp Limited | |
|---|---|---|
| Logo |  |
 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing at | BSE, NSE | 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 under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. |
| Registrar | Link Intime India Private Ltd | Integrated Registry Management Services Private Limited |
| Lead Managers | Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited Iifl Securities Ltd Equirus Capital Private Limited |
Smc Capitals Limited |
| Debenture Trusties | Vardhman Trusteeship Private Limited | Vardhman Trusteeship Private Limited |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. IIFL Finance NCD Tranche II June 2023 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD April 2023 issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Limited | Muthoot Fincorp Limited | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹150.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹300.00 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 AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. | CRISIL AA-/Stable by CRISIL Ratings Limited |
| Tenor | 24, 36 and 60 Months | 27, 42, 60 and 84 Months |
| Series | Series I to VII |
Series I to VIII |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of IIFL Finance NCD Tranche II June 2023 and Muthoot Fincorp NCD April 2023 is mentioned.
| IIFL Finance Limited | Muthoot Fincorp Limited | |
|---|---|---|
| Bid/Offer Opens On | Jun 09, 2023 | Apr 12, 2023 |
| Bid/Offer Closes On | Jun 22, 2023 | Apr 26, 2023 |
In IIFL Finance NCD Tranche II June 2023 QIBs portion includes 3,00,000 shares and 12,00,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD April 2023 QIBs portion includes 75,000 shares and 9,00,000 shares offered are offered to retail investors.
| IIFL Finance Limited | Muthoot Fincorp Limited | |
|---|---|---|
| Institutional | 3,00,000 shares | 75,000 shares |
| Non Institutional | 12,00,000 shares | 5,25,000 shares |
| HNI | 0 shares | |
| Retail | 12,00,000 shares | 9,00,000 shares |
| Others | ||
| Total | 30,00,000 shares | 15,00,000 shares |
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