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Muthoot Mercantile NCD May 2024 vs Nido Home Finance NCD June 2024

Comparision between Muthoot Mercantile NCD May 2024 and Nido Home Finance NCD June 2024.

NCD Details

Muthoot Mercantile NCD May 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Nido Home Finance NCD June 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Muthoot Mercantile Limited Nido Home Finance Limited
Logo Muthoot Mercantile NCD May 2024 Logo Nido Home Finance NCD June 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)
RHP (Shelf)
NCD Rating

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

The NCDs proposed to be issued under the Issue have been rated "CRISIL A+/ Watch Negative (Placed on 'Rating Watch with Negative Implications)" for an amount of Rs 5,000 million by CRISIL Ratings Limited.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Vivro Financial Services Private Limited Tipsons Consultancy Services Private Limited

Nuvama Wealth Management Limited
Debenture Trusties Mitcon Credentia Trusteeship Services Limited Beacon 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 Mercantile NCD May 2024 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Nido Home Finance NCD June 2024 issue size is ₹50.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Mercantile Limited Nido Home Finance Limited
Issue Size (Base) ₹50.00 Cr ₹50.00 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 IND BBB/Stable by by India Ratings & Research Private Limited CRISIL A+/ Watch Negative
Tenor 367days, 18, 24, 36, 60, 75 months 24, 36, 60 and 120 months
Series

Series I to XI

Series I to X

Payment Frequency Monthly and Cumulative Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of Muthoot Mercantile NCD May 2024 and Nido Home Finance NCD June 2024 is mentioned.

  Muthoot Mercantile Limited Nido Home Finance Limited
Bid/Offer Opens On May 06, 2024 Jun 13, 2024
Bid/Offer Closes On May 17, 2024 Jun 27, 2024

Shares Offered to Different Investor Category

In Muthoot Mercantile NCD May 2024 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors. In Nido Home Finance NCD June 2024 QIBs portion includes 50,000 shares and 2,00,000 shares offered are offered to retail investors.

  Muthoot Mercantile Limited Nido Home Finance Limited
Institutional 50,000 shares 50,000 shares
Non Institutional 2,00,000 shares 50,000 shares
HNI 2,00,000 shares
Retail 2,50,000 shares 2,00,000 shares
Others
Total 5,00,000 shares 5,00,000 shares

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