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Muthoot Fincorp NCD Jan 2020 vs Shriram City NCD Aug 2019

Comparision between Muthoot Fincorp NCD Jan 2020 and Shriram City NCD Aug 2019.

NCD Details

Muthoot Fincorp NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Shriram City NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Muthoot Fincorp Limited Shriram City Union Finance Limited
Logo Muthoot Fincorp NCD Jan 2020 Logo Shriram City NCD Aug 2019 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 DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated "A (Stable)" for an amount of Rs 50,000 lakhs by CRISIL Limited ("CRISIL") vide their letter dated October 10, 2019 and further revalidated by their letter dated December 26, 2019 and rated "BWR A +" Outlook: Stable)' for an amount of Rs 50,000 lakhs, by Brickwork Ratings India Pvt. Ltd. ("Brickworks") vide their letter dated December 12, 2019.

CDs proposed to be issued under the Issue have been rated 'CARE AA+ Stable' (Double A Plus; Outlook: Stable) by CARE and 'CRISIL AA/Stable' (pronounced as CRISIL double A rating with Stable outlook) by CRISIL for an amount of upto Rs 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019 and further revalidated on March 20, 2019 and further revalidated on August 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019 and further revalidated on March 19, 2019 and further revalidated on August 9, 2019) respectively. The rating of the NCDs by CARE and CRISIL are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Registrar Integrated Registry Management Services Private Limited Integrated Registry Management Services Private Limited
Lead Managers Smc Capitals Limited A.K. Capital Services Limited

Edelweiss Financial Services Ltd
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. Muthoot Fincorp NCD Jan 2020 issue size is ₹250.00 Cr at an issue price of ₹1,000.00 per NCD. Shriram City NCD Aug 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Fincorp Limited Shriram City Union Finance Limited
Issue Size (Base) ₹250.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹480.00 Cr ₹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 BWR A+ /Stable, CRISIL A/Stable CARE AA+/Stable, CRISIL AA/Stable
Tenor 400 days/ 24 months/ 38 months/ 60 months 24 months/ 36 months/ 60 months
Series

Series I to Series XI

Series I to Series VIII

Payment Frequency Monthly, Annual and Cumulative Monthly/ Annual/ Cumulative
Coupon Incentive

NCD Timetable

Offering period of Muthoot Fincorp NCD Jan 2020 and Shriram City NCD Aug 2019 is mentioned.

  Muthoot Fincorp Limited Shriram City Union Finance Limited
Bid/Offer Opens On Jan 09, 2020 Aug 21, 2019
Bid/Offer Closes On Feb 04, 2020 Sep 19, 2019

Shares Offered to Different Investor Category

In Muthoot Fincorp NCD Jan 2020 QIBs portion includes and offered are offered to retail investors. In Shriram City NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.

  Muthoot Fincorp Limited Shriram City Union Finance Limited
Institutional
Non Institutional
HNI
Retail
Others
Total 25,00,000 shares 10,00,000 shares

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