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Muthoot Fincorp Limited NCD Sept 2019 vs Muthoottu Mini NCD July 2019

Comparision between Muthoot Fincorp Limited NCD Sept 2019 and Muthoottu Mini NCD July 2019.

NCD Details

Muthoot Fincorp Limited NCD Sept 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoottu Mini NCD July 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Muthoot Fincorp Limited Muthoottu Mini Financiers Ltd
Logo Muthoot Fincorp Limited NCD Sept 2019 Logo Muthoottu Mini NCD July 2019 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 proposed to be issued under this Issue have been rated "BWR A+" (BWR A plus; Outlook: Stable)' for an amount of Rs 50,000 lakhs , by Brickwork Ratings India Private Limited ("Brickworks") vide their letter dated August 23, 2019. The rating of BWR A+ by Brickworks indicate that instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.

The NCDs proposed to be issued under this Issue have been rated 'CARE BBB-; Stable' by CARE Ratings Limited for an amount of up to Rs 15,000 lakhs vide its letter dated July 1, 2019. The rating of the NCDs by CARE Ratings Limited indicate that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk.

Registrar Integrated Registry Management Services Private Limited Link Intime India Private Ltd
Lead Managers Smc Capitals Limited Vivro Financial Services Private Limited
Debenture Trusties
NRI Allowed No No
Allotment Link 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 Limited NCD Sept 2019 issue size is ₹250.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoottu Mini NCD July 2019 issue size is ₹1,000.00 Cr at a issue price of ₹1,000.00 per NCD.

  Muthoot Fincorp Limited Muthoottu Mini Financiers Ltd
Issue Size (Base) ₹250.00 Cr ₹1,000.00 Cr
Issue Size (Shelf) ₹250.00 Cr ₹500.00 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 BWR A+/ Stable by Brickworks CARE BBB/Stable
Tenor 400 days/24 months/36 months 480 days/24 months/36 months/60 months
Series

Series I to Series VIII

Series I to Series VIII

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

NCD Timetable

Offering period of Muthoot Fincorp Limited NCD Sept 2019 and Muthoottu Mini NCD July 2019 is mentioned.

  Muthoot Fincorp Limited Muthoottu Mini Financiers Ltd
Bid/Offer Opens On Sep 20, 2019 Aug 07, 2019
Bid/Offer Closes On Oct 18, 2019 Sep 05, 2019

Shares Offered to Different Investor Category

In Muthoot Fincorp Limited NCD Sept 2019 QIBs portion includes and offered are offered to retail investors. In Muthoottu Mini NCD July 2019 QIBs portion includes and offered are offered to retail investors.

  Muthoot Fincorp Limited Muthoottu Mini Financiers Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 25,00,000 shares 10,00,000 shares

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