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Kosamattam Fin NCD Sep 2020 vs Muthoot Fincorp NCD June 2020

Comparision between Kosamattam Fin NCD Sep 2020 and Muthoot Fincorp NCD June 2020.

NCD Details

Kosamattam Fin NCD Sep 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD June 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Kosamattam Finance Ltd Muthoot Fincorp Ltd
Logo Kosamattam Fin NCD Sep 2020 Logo Muthoot Fincorp NCD June 2020 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 'IND BBB' / Outlook Stable, by India Ratings and Research Private Limited ("India Ratings") for an amount up to Rs 30,000 lakhs vide its letter dated August 28, 2020. The rating of NCDs by India Ratings indicates that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

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 letters dated December 26, 2019, March 9, 2020 and June 10, 2020, 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 and further revalidated by their letter dated March 11, 2020 and June 15, 2020. The rating of CRISIL A (Stable) by CRISIL and BWR A+ (Stable) by Brickworks indicate that instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.

Registrar Kfin Technologies Limited Integrated Registry Management Services Private Limited
Lead Managers Karvy Investor Services Limited

Smc Capitals Limited
Smc Capitals Limited
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. Kosamattam Fin NCD Sep 2020 issue size is ₹150.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD June 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Kosamattam Finance Ltd Muthoot Fincorp Ltd
Issue Size (Base) ₹150.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹150.00 Cr ₹160.00 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 BBB/ Stable CRISIL A/ Stable; BWR A +/ Stable
Tenor 400 days/30 Mon/39 Mon/42 Mon/50 Mon/84 Months 24 months/ 38 months/ 60 months
Series

Series I to Series VIII

Series I to Series IX

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

NCD Timetable

Offering period of Kosamattam Fin NCD Sep 2020 and Muthoot Fincorp NCD June 2020 is mentioned.

  Kosamattam Finance Ltd Muthoot Fincorp Ltd
Bid/Offer Opens On Sep 16, 2020 Jun 29, 2020
Bid/Offer Closes On Oct 08, 2020 Jul 13, 2020

Shares Offered to Different Investor Category

In Kosamattam Fin NCD Sep 2020 QIBs portion includes and offered are offered to retail investors. In Muthoot Fincorp NCD June 2020 QIBs portion includes and offered are offered to retail investors.

  Kosamattam Finance Ltd Muthoot Fincorp Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 15,00,000 shares 10,00,000 shares

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