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Comparision between Muthoot Finance NCD Dec 2020 and Power Finance Corp NCD January 2021.
Muthoot Finance NCD Dec 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Power Finance Corp NCD January 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Finance Ltd | Power Finance Corporation 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) | ||
| RHP (Base) | RHP  |
|
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | ICRA has assigned [ICRA]AA rating with a Stable outlook, assigned to the captioned Non-Convertible Debenture Programme of the company. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. Within this category rating modifier {"+" (plus) or "-" (minus)} can be used with the rating symbols. The modifier reflects the comparative standing within the category. CRISIL has assigned its CRISIL AA/Positive rating Proposed Issuance of Long Term Principal Market Linked Debentures of Muthoot Finance Limited. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. |
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| Registrar | Link Intime India Private Ltd | Kfin Technologies Limited |
| Lead Managers | A.K. Capital Services Limited Edelweiss Financial Services Ltd Equirus Capital Private Limited Jm Financial Limited |
A.K. Capital Services Limited Edelweiss Financial Services Ltd Jm Financial Limited Trust Investment Advisors 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. Muthoot Finance NCD Dec 2020 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Power Finance Corp NCD January 2021 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Finance Ltd | Power Finance Corporation Limited | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹900.00 Cr | ₹4,500.00 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 | "AA (Stable)" by ICRA and "AA/Positive" by CRISIL | ‘CARE AAA; Stable’ by CARE; ‘CRISIL AAA / Stable’ by CRISIL; and ‘[ICRA]AAA(Stable)’ by ICRA. |
| Tenor | 38 months and 60 months | 3. 5, 10 and 15 years |
| Series | ||
| Payment Frequency | Monthly or Annual | |
| Coupon Incentive |
Offering period of Muthoot Finance NCD Dec 2020 and Power Finance Corp NCD January 2021 is mentioned.
| Muthoot Finance Ltd | Power Finance Corporation Limited | |
|---|---|---|
| Bid/Offer Opens On | Dec 11, 2020 | Jan 15, 2021 |
| Bid/Offer Closes On | Jan 05, 2021 | Jan 18, 2021 |
In Muthoot Finance NCD Dec 2020 QIBs portion includes and offered are offered to retail investors. In Power Finance Corp NCD January 2021 QIBs portion includes and offered are offered to retail investors.
| Muthoot Finance Ltd | Power Finance Corporation Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 50,00,000 shares |
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