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Muthoot Fincorp NCD October Tranche II 2023 vs Muthoot Mercantile NCD Nov 2023

Comparision between Muthoot Fincorp NCD October Tranche II 2023 and Muthoot Mercantile NCD Nov 2023.

NCD Details

Muthoot Fincorp NCD October Tranche II 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Mercantile NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Muthoot Fincorp Limited Muthoot Mercantile Limited
Logo Muthoot Fincorp NCD October Tranche II 2023 Logo Muthoot Mercantile NCD Nov 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) DRHP
RHP (Base) RHP RHP
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

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

Registrar Integrated Registry Management Services Private Limited Kfin Technologies Limited
Lead Managers Smc Capitals Limited Vivro Financial Services Private Limited
Debenture Trusties Vardhman Trusteeship Private Limited 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. Muthoot Fincorp NCD October Tranche II 2023 issue size is ₹750.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Mercantile NCD Nov 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Fincorp Limited Muthoot Mercantile Limited
Issue Size (Base) ₹750.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹1,100.00 Cr ₹200.00 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
Market Lot 1 NCD 1 NCD
Credit Rating CRISIL AA- /Stable by CRISIL Ratings Limited IND BBB/Stable by by India Ratings & Research Private Limited
Tenor 24, 36, 60 and 96 Months 367days, 18, 24, 36, 60, 75 months
Series Series I to X

Series I to XI

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

NCD Timetable

Offering period of Muthoot Fincorp NCD October Tranche II 2023 and Muthoot Mercantile NCD Nov 2023 is mentioned.

  Muthoot Fincorp Limited Muthoot Mercantile Limited
Bid/Offer Opens On Oct 13, 2023 Dec 04, 2023
Bid/Offer Closes On Oct 27, 2023 Dec 15, 2023

Shares Offered to Different Investor Category

In Muthoot Fincorp NCD October Tranche II 2023 QIBs portion includes 37,500 shares and 4,50,000 shares offered are offered to retail investors. In Muthoot Mercantile NCD Nov 2023 QIBs portion includes 1,00,000 shares and 5,00,000 shares offered are offered to retail investors.

  Muthoot Fincorp Limited Muthoot Mercantile Limited
Institutional 37,500 shares 1,00,000 shares
Non Institutional 2,62,500 shares 4,00,000 shares
HNI
Retail 4,50,000 shares 5,00,000 shares
Others
Total 7,50,000 shares 10,00,000 shares

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