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Comparision between Muthoot Fincorp Limited NCD Sept 2019 and Tata Capital NCD Aug 2019.
Muthoot Fincorp Limited NCD Sept 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Tata Capital NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Muthoot Fincorp Limited | Tata Capital Financial Services Ltd | |
|---|---|---|
| Logo |  |
 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing at | BSE | BSE, NSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  |
|
| RHP (Base) | RHP |
|
| DRHP (Shelf) | DRHP (Shelf) |
|
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated "BWR A+" (BWR A plus; Outlook: Stable)' for an amount of Rs 50,000 lakhs , by Brickwork Ratings India Private Limited ("Brickworks") vide their letter dated August 23, 2019. The rating of BWR A+ by Brickworks indicate that instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk. |
The NCDs proposed to be issued under this Tranche II Issue have been rated "CRISIL AAA / Stable" for an amount of up to Rs 7,50,000 lakh by CRISIL Limited vide its letter dated August 15, 2018, revalidated vide its letter dated August 27, 2018 and further revalidated by letter dated July 25, 2019 and have been rated "CARE AAA; Stable" for an amount up to Rs 7,50,000 lakh by CARE Ratings Limited vide its letter dated August 14, 2018, revalidated vide its letter dated August 27, 2018 and further revalidated by letter dated July 26, 2019. The ratings of the NCDs issued by CRISIL Limited indicate highest degree of safety regarding timely servicing of financial obligations. |
| Registrar | Integrated Registry Management Services Private Limited | Kfin Technologies Limited |
| Lead Managers | Smc Capitals Limited | A.K. Capital Services Limited Axis Bank Limited Edelweiss Financial Services Ltd |
| Debenture Trusties | ||
| NRI Allowed | No | Yes |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Muthoot Fincorp Limited NCD Sept 2019 issue size is ₹250.00 Cr at an issue price of ₹1,000.00 per NCD. Tata Capital NCD Aug 2019 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| Muthoot Fincorp Limited | Tata Capital Financial Services Ltd | |
|---|---|---|
| Issue Size (Base) | ₹250.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹250.00 Cr | ₹3,626.00 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 | BWR A+/ Stable by Brickworks | CRISIL AAA/Stable, CARE AAA/Stable |
| Tenor | 400 days/24 months/36 months | 3 years/ 5 years/ 8 years/ 10 years |
| Series | Series I to Series VIII |
Series I to Series IV |
| Payment Frequency | Monthly, Annual and Cumulative | Annual |
| Coupon Incentive |
Offering period of Muthoot Fincorp Limited NCD Sept 2019 and Tata Capital NCD Aug 2019 is mentioned.
| Muthoot Fincorp Limited | Tata Capital Financial Services Ltd | |
|---|---|---|
| Bid/Offer Opens On | Sep 20, 2019 | Aug 13, 2019 |
| Bid/Offer Closes On | Oct 18, 2019 | Aug 20, 2019 |
In Muthoot Fincorp Limited NCD Sept 2019 QIBs portion includes and offered are offered to retail investors. In Tata Capital NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.
| Muthoot Fincorp Limited | Tata Capital Financial Services Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 25,00,000 shares | 50,00,000 shares |
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