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Muthoot Fincorp NCD January Tranche III 2023 vs Sakthi Finance NCD February 2024

Comparision between Muthoot Fincorp NCD January Tranche III 2023 and Sakthi Finance NCD February 2024.

NCD Details

Muthoot Fincorp NCD January Tranche III 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD February 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Muthoot Fincorp Limited Sakthi Finance Limited
Logo Muthoot Fincorp NCD January Tranche III 2023 Logo Sakthi Finance NCD February 2024 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 company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

The NCDs proposed to be issued by the company are rated [ICRA] BBB (Stable) by ICRA Limited (ICRA).

Registrar Integrated Registry Management Services Private Limited Link Intime India Private Ltd
Lead Managers Smc Capitals Limited Bonanza Portfolio Limited
Debenture Trusties Vardhman Trusteeship Private Limited Catalyst Trusteeship 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. Muthoot Fincorp NCD January Tranche III 2023 issue size is ₹75.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD February 2024 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Fincorp Limited Sakthi Finance Limited
Issue Size (Base) ₹75.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹1,100.00 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 CRISIL AA- /Stable by CRISIL Ratings Limited [ICRA] BBB (Stable) by ICRA Limited (ICRA).
Tenor 24, 36, 60 and 96 Months 24, 36, 60 and 85 Months
Series Series I to X Series I to VII
Payment Frequency Monthly, Annual and Cumulative Monthly and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Muthoot Fincorp NCD January Tranche III 2023 and Sakthi Finance NCD February 2024 is mentioned.

  Muthoot Fincorp Limited Sakthi Finance Limited
Bid/Offer Opens On Jan 12, 2024 Feb 08, 2024
Bid/Offer Closes On Jan 25, 2024 Feb 21, 2024

Shares Offered to Different Investor Category

In Muthoot Fincorp NCD January Tranche III 2023 QIBs portion includes 37,500 shares and 4,50,000 shares offered are offered to retail investors. In Sakthi Finance NCD February 2024 QIBs portion includes 50,000 shares and 4,00,000 shares offered are offered to retail investors.

  Muthoot Fincorp Limited Sakthi Finance Limited
Institutional 37,500 shares 50,000 shares
Non Institutional 2,62,500 shares 1,50,000 shares
HNI 4,00,000 shares
Retail 4,50,000 shares 4,00,000 shares
Others
Total 7,50,000 shares 10,00,000 shares

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