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Comparision between Muthoottu Mini NCD July 2019 and Shriram City NCD Aug 2019.
Muthoottu Mini NCD July 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Shriram City NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoottu Mini Financiers Ltd | Shriram City Union Finance Limited | |
|---|---|---|
| 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 '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. |
CDs proposed to be issued under the Issue have been rated 'CARE AA+ Stable' (Double A Plus; Outlook: Stable) by CARE and 'CRISIL AA/Stable' (pronounced as CRISIL double A rating with Stable outlook) by CRISIL for an amount of upto Rs 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019 and further revalidated on March 20, 2019 and further revalidated on August 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019 and further revalidated on March 19, 2019 and further revalidated on August 9, 2019) respectively. The rating of the NCDs by CARE and CRISIL are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. |
| Registrar | Link Intime India Private Ltd | Integrated Registry Management Services Private Limited |
| Lead Managers | Vivro Financial Services Private Limited | A.K. Capital Services Limited Edelweiss Financial Services Ltd |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Muthoottu Mini NCD July 2019 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Shriram City NCD Aug 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoottu Mini Financiers Ltd | Shriram City Union Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹500.00 Cr | ₹900.00 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 | CARE BBB/Stable | CARE AA+/Stable, CRISIL AA/Stable |
| Tenor | 480 days/24 months/36 months/60 months | 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/ Cumulative |
| Coupon Incentive |
Offering period of Muthoottu Mini NCD July 2019 and Shriram City NCD Aug 2019 is mentioned.
| Muthoottu Mini Financiers Ltd | Shriram City Union Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Aug 07, 2019 | Aug 21, 2019 |
| Bid/Offer Closes On | Sep 05, 2019 | Sep 19, 2019 |
In Muthoottu Mini NCD July 2019 QIBs portion includes and offered are offered to retail investors. In Shriram City NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.
| Muthoottu Mini Financiers Ltd | Shriram City Union Finance Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
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