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Indel Money NCD October 2024 vs Muthoot Fincorp NCD Tranche II October 2024

Comparision between Indel Money NCD October 2024 and Muthoot Fincorp NCD Tranche II October 2024.

NCD Details

Indel Money NCD October 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD Tranche II October 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Indel Money Limited Muthoot Fincorp Limited
Logo Indel Money NCD October 2024 Logo Muthoot Fincorp NCD Tranche II October 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 NCDs proposed to be issued under this Issue have been rated CRISIL BBB+/Stable by CRISIL Ratings Limited. With this rating, they are considered to have a moderate degree of safety and moderate credit risk.

CRISIL AA-/Stable (pronounced as CRISIL double A minus rating with stable outlook) for an amount of Rs. 1,90,000 lakhs of NCDs by CRISIL Ratings Limited vide letter dated June 29. June 2024, and CRISIL AA-/Stable (pronounced as CRISIL double A minus rating with stable outlook) for an amount of Rs. 1,10,000 lakhs of NCDs (of which Rs. 10,900 lakhs are unutilized) by CRISIL Ratings Limited

Registrar Link Intime India Private Ltd Integrated Registry Management Services Private Limited
Lead Managers Vivro Financial Services Private Limited Nuvama Wealth Management 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. Indel Money NCD October 2024 issue size is ₹75.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD Tranche II October 2024 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indel Money Limited Muthoot Fincorp Limited
Issue Size (Base) ₹75.00 Cr ₹75.00 Cr
Issue Size (Shelf) ₹2,000.00 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 BBB+/Stable by CRISIL Ratings Limited.
CRISIL AA-/Stable by CRISIL Ratings Limited.
Tenor 366 days, 18, 30, 60 and 66 months 24, 36, 60, 72, and 92 Months
Series

Series I to VII

Series I to XIII

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

NCD Timetable

Offering period of Indel Money NCD October 2024 and Muthoot Fincorp NCD Tranche II October 2024 is mentioned.

  Indel Money Limited Muthoot Fincorp Limited
Bid/Offer Opens On Oct 21, 2024 Oct 11, 2024
Bid/Offer Closes On Nov 04, 2024 Oct 24, 2024

Shares Offered to Different Investor Category

In Indel Money NCD October 2024 QIBs portion includes and offered are offered to retail investors. In Muthoot Fincorp NCD Tranche II October 2024 QIBs portion includes and offered are offered to retail investors.

  Indel Money Limited Muthoot Fincorp Limited
Institutional
Non Institutional
HNI
Retail
Others
Total

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