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Comparision between Muthoot Vehicle NCD Feb 2020 and Sakthi Fin NCD March 2020.
Muthoot Vehicle NCD Feb 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.
| Muthoot Vehicle & Asset Fin 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 Secured NCDs proposed to be issued under this Issue have been rated CRISIL A/Stable by CRISIL vide its letter dated January 17, 2020. Additionally, the Secured NCDs had also been rated CARE BBB+; Stable by CARE vide its letters dated August 30, 2019, which was revalidated on December 9, 2019. This rating, though, was withdrawn by CARE pursuant to letter dated January 24, 2020 at the request of our Company. |
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 | Inga Ventures Pvt Ltd | 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. Muthoot Vehicle NCD Feb 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.
| Muthoot Vehicle & Asset Fin 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 | CRISIL A/ Stable; CARE BBB+/ Stable | ICRA BBB/ Stable |
| Tenor | 24 months/ 38 months/ 60 months/ 90 months | 24 months/ 39 months/ 49 months/ 62 months |
| Series | Series 1 to Series 10 |
Series 1 to Series 11 |
| Payment Frequency | Monthly, Annual and Cumulative | Annual, Cumulative and Monthly |
| Coupon Incentive |
Offering period of Muthoot Vehicle NCD Feb 2020 and Sakthi Fin NCD March 2020 is mentioned.
| Muthoot Vehicle & Asset Fin Ltd | Sakthi Finance Ltd | |
|---|---|---|
| Bid/Offer Opens On | Feb 25, 2020 | Mar 13, 2020 |
| Bid/Offer Closes On | Mar 11, 2020 | Apr 30, 2020 |
In Muthoot Vehicle NCD Feb 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.
| Muthoot Vehicle & Asset Fin Ltd | Sakthi Finance Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
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