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Indostar Capital Finance NCD September 2024 vs Muthoot Mercantile NCD August 2024

Comparision between Indostar Capital Finance NCD September 2024 and Muthoot Mercantile NCD August 2024.

NCD Details

Indostar Capital Finance NCD September 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Mercantile NCD August 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Indostar Capital Finance Limited Muthoot Mercantile Limited
Logo Indostar Capital Finance NCD September 2024 Logo Muthoot Mercantile NCD August 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 DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating

The NCDs to be issued under the Issue have been rated “CARE AA-/Stable” (pronounced as CARE Double A Minus; Outlook: Stable) by CARE Ratings Limited for an amount of Rs. 50,000 Lakh.

The NCDs proposed to be issued under this Issue have been rated IND BBB/Stable by India Ratings & Research Private Limited

Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Nuvama Wealth Management Limited Vivro Financial Services Private Limited
Debenture Trusties Idbi Trusteeship Services Ltd. Mitcon Credentia Trusteeship Services 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. Indostar Capital Finance NCD September 2024 issue size is ₹150.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Mercantile NCD August 2024 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indostar Capital Finance Limited Muthoot Mercantile Limited
Issue Size (Base) ₹150.00 Cr ₹75.00 Cr
Issue Size (Shelf)
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

CARE AA-/Stable by CARE Ratings Limited.

IND BBB/Stable by by India Ratings & Research Private Limited
Tenor 24, 36, and 60 Months 400 days, 20, 36,60 and 73 Months
Series

Series I to V

Series I to IX

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

NCD Timetable

Offering period of Indostar Capital Finance NCD September 2024 and Muthoot Mercantile NCD August 2024 is mentioned.

  Indostar Capital Finance Limited Muthoot Mercantile Limited
Bid/Offer Opens On Sep 06, 2024 Aug 23, 2024
Bid/Offer Closes On Sep 19, 2024 Sep 05, 2024

Shares Offered to Different Investor Category

In Indostar Capital Finance NCD September 2024 QIBs portion includes and offered are offered to retail investors. In Muthoot Mercantile NCD August 2024 QIBs portion includes 75,000 shares and 3,75,000 shares offered are offered to retail investors.

  Indostar Capital Finance Limited Muthoot Mercantile Limited
Institutional 75,000 shares
Non Institutional 3,00,000 shares
HNI
Retail 3,75,000 shares
Others
Total 7,50,000 shares

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