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Indore Municipal NCD February 2023 vs Muthoot Fincorp NCD December 2022

Comparision between Indore Municipal NCD February 2023 and Muthoot Fincorp NCD December 2022.

NCD Details

Indore Municipal NCD February 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at NSE while Muthoot Fincorp NCD December 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Indore Municipal Corporation Muthoot Fincorp Limited
Logo Indore Municipal NCD February 2023 Logo Muthoot Fincorp NCD December 2022 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at NSE 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 company has received rating of IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited for the bonds proposed to be issued pursuant to this Issue.

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 Kfin Technologies Limited Integrated Registry Management Services Private Limited
Lead Managers A.K. Capital Services Limited

SBI Capital Markets Limited
Smc Capitals Limited
Debenture Trusties Vistra Itcl India Limited Vardhman Trusteeship Private Limited
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. Indore Municipal NCD February 2023 issue size is ₹122.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD December 2022 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indore Municipal Corporation Muthoot Fincorp Limited
Issue Size (Base) ₹122.00 Cr ₹200.00 Cr
Issue Size (Shelf) ₹244.00 Cr ₹200.00 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 IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited. CRISIL AA-/Stable by CRISIL Ratings Limited
Tenor 3, 5, 7, and 9 years 27, 38, 48 and 60 Months
Series

Series I

Series I to VIII

Payment Frequency Half yearly Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Indore Municipal NCD February 2023 and Muthoot Fincorp NCD December 2022 is mentioned.

  Indore Municipal Corporation Muthoot Fincorp Limited
Bid/Offer Opens On Feb 10, 2023 Jan 02, 2023
Bid/Offer Closes On Feb 14, 2023 Jan 27, 2023

Shares Offered to Different Investor Category

In Indore Municipal NCD February 2023 QIBs portion includes 3,05,000 shares and 3,05,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD December 2022 QIBs portion includes 1,00,000 shares and 12,00,000 shares offered are offered to retail investors.

  Indore Municipal Corporation Muthoot Fincorp Limited
Institutional 3,05,000 shares 1,00,000 shares
Non Institutional 3,05,000 shares 7,00,000 shares
HNI 3,05,000 shares
Retail 3,05,000 shares 12,00,000 shares
Others
Total 12,20,000 shares 20,00,000 shares

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