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Muthoot Finance NCD Tranche II September 2023 vs Muthoot Fincorp NCD Sep Tranche I 2023

Comparision between Muthoot Finance NCD Tranche II September 2023 and Muthoot Fincorp NCD Sep Tranche I 2023.

NCD Details

Muthoot Finance NCD Tranche II September 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD Sep Tranche I 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Muthoot Finance Limited Muthoot Fincorp Limited
Logo Muthoot Finance NCD Tranche II September 2023 Logo Muthoot Fincorp NCD Sep Tranche I 2023 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)
RHP (Base) RHP RHP
DRHP (Shelf) DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated [ICRA] AA+/Stable (pronounced as ICRA Double A plus rating with stable outlook) by ICRA Limited.

The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited.

Registrar Link Intime India Private Ltd Integrated Registry Management Services Private Limited
Lead Managers A.K. Capital Services Limited Smc Capitals Limited
Debenture Trusties Idbi Trusteeship Services Ltd. 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. Muthoot Finance NCD Tranche II September 2023 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD Sep Tranche I 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Finance Limited Muthoot Fincorp Limited
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹2,600.00 Cr ₹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 [ICRA] AA+/Stable by ICRA Limited

CRISIL AA-/Stable

Tenor 24, 36, and 60 Months 24, 36, 60 and 96 months
Series Series I to VII

Series I to X

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

NCD Timetable

Offering period of Muthoot Finance NCD Tranche II September 2023 and Muthoot Fincorp NCD Sep Tranche I 2023 is mentioned.

  Muthoot Finance Limited Muthoot Fincorp Limited
Bid/Offer Opens On Sep 21, 2023 Sep 01, 2023
Bid/Offer Closes On Sep 27, 2023 Sep 14, 2023

Shares Offered to Different Investor Category

In Muthoot Finance NCD Tranche II September 2023 QIBs portion includes 50,000 shares and 5,00,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD Sep Tranche I 2023 QIBs portion includes 50,000 shares and 6,00,000 shares offered are offered to retail investors.

  Muthoot Finance Limited Muthoot Fincorp Limited
Institutional 50,000 shares 50,000 shares
Non Institutional 2,00,000 shares 3,50,000 shares
HNI 2,50,000 shares
Retail 5,00,000 shares 6,00,000 shares
Others
Total 10,00,000 shares 10,00,000 shares

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