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Comparision between Muthoot Finance Limited Tranche III NCD and Sakthi Finance NCD June 2021.
Muthoot Finance Limited Tranche III NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD June 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Muthoot Finance Limited | Sakthi 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) | ||
| RHP (Base) | RHP  |
RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The rating committee of ICRA, after due consideration, has assigned the [ICRA] BBB rating to the Sakthi Finance NCD in June 2021. This represents that the NCD has a moderate degree of safety regarding timely servicing of financial obligations. The outlook on long-term rating is 'Stable'. |
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| Registrar | Link Intime India Private Ltd | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited Edelweiss Financial Services Ltd Equirus Capital Private Limited Jm Financial 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. Muthoot Finance Limited Tranche III NCD issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD June 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹1,600.00 Cr | ₹100.00 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 | 10 NCD |
| Credit Rating | The NCDs have been rated ‘[ICRA] AA+/ “Stable” by ICRA and “CRISIL AA+/Stable” by CRISIL | [ICRA] BBB (Stable) |
| Tenor | 26, 39, 49 and 61 months | |
| Series | ||
| Payment Frequency | Monthly, Cumulative | |
| Coupon Incentive |
Offering period of Muthoot Finance Limited Tranche III NCD and Sakthi Finance NCD June 2021 is mentioned.
| Muthoot Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Apr 08, 2021 | Jun 29, 2021 |
| Bid/Offer Closes On | Apr 12, 2021 | Jul 23, 2021 |
In Muthoot Finance Limited Tranche III NCD QIBs portion includes and offered are offered to retail investors. In Sakthi Finance NCD June 2021 QIBs portion includes 50,000 shares and 5,00,000 shares offered are offered to retail investors.
| Muthoot Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Institutional | 50,000 shares | |
| Non Institutional | 4,50,000 shares | |
| HNI | ||
| Retail | 5,00,000 shares | |
| Others | 0 shares | |
| Total | 10,00,000 shares | 10,00,000 shares |
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