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Comparision between Muthoottu Mini NCD June 2020 and Sakthi Fin NCD March 2020.
Muthoottu Mini NCD June 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Fin NCD March 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoottu Mini Financiers Ltd | Sakthi Finance Ltd | |
|---|---|---|
| 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' (Triple B Minus; Outlook: Stable) by CARE Ratings Limited for an amount of up to Rs 20,000 lakhs vide its letter dated March 12, 2020. 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. |
The NCDs proposed to be issued by our Company have been rated by ICRA Limited ("ICRA"). ICRA has vide its letter no RTG/Chen/132/19-20 dated February 18, 2020, assigned a rating of "[ICRA] BBB (Stable)" for an amount up to ` 20,000 lakh for the NCDs. The rating of the NCDs by ICRA indicates moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk |
| Registrar | Link Intime India Private Ltd | S.K.D.C Consultants Limited |
| Lead Managers | Vivro Financial Services Private Limited | Dalmia Securities Private Limited |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Muthoottu Mini NCD June 2020 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Fin NCD March 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoottu Mini Financiers Ltd | Sakthi Finance Ltd | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹200.00 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 | 10 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | CARE BBB- /Stable | ICRA BBB/ Stable |
| Tenor | 24/ 36/ 50/ 60/ 85 months/ 480 days | 24 months/ 39 months/ 49 months/ 62 months |
| Series | Series I to Series VII |
Series 1 to Series 11 |
| Payment Frequency | Monthly and Cumulative | Annual, Cumulative and Monthly |
| Coupon Incentive |
Offering period of Muthoottu Mini NCD June 2020 and Sakthi Fin NCD March 2020 is mentioned.
| Muthoottu Mini Financiers Ltd | Sakthi Finance Ltd | |
|---|---|---|
| Bid/Offer Opens On | Jun 03, 2020 | Mar 13, 2020 |
| Bid/Offer Closes On | Jun 26, 2020 | Apr 30, 2020 |
In Muthoottu Mini NCD June 2020 QIBs portion includes and offered are offered to retail investors. In Sakthi Fin NCD March 2020 QIBs portion includes and offered are offered to retail investors.
| Muthoottu Mini Financiers Ltd | Sakthi Finance Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
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