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ECL Finance NCD Nov 2019 vs Kosamattam Finance NCD Nov 2019

Comparision between ECL Finance NCD Nov 2019 and Kosamattam Finance NCD Nov 2019.

NCD Details

ECL Finance NCD Nov 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Kosamattam Finance NCD Nov 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  ECL Finance Limited Kosamattam Finance Limited
Logo ECL Finance NCD Nov 2019 Logo Kosamattam Finance NCD Nov 2019 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
RHP (Base) RHP
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated "CARE AA; Positive" (pronounced as CARE AA with Positive outlook) for an amount of Rs 20,000 million, by CARE Ratings Limited vide their letter dated April 10, 2019 and "CRISIL AA/Stable" (pronounced as CRISIL double A rating with Stable outlook) for an amount of Rs 20,000 million, by CRISIL Limited vide their letter dated April 18, 2019. The rating of "CARE AA; Positive" by CARE Ratings Limited and "CRISIL AA/Stable" by CRISIL Limited indicate that instruments with these ratings are considered to have a high degree of safety regarding timely servicing of financial obligations.

The NCDs proposed to be issued under this Issue have been rated 'IND BBB' Outlook Stable, by India Ratings and Research Private Limited ("India Ratings") for an amount
up to 35,000 lakhs vide its letter dated September 30, 2019. The rating of NCDs by India Ratings indicates that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Axis Bank Limited

Edelweiss Financial Services Ltd
Karvy Investor Services Limited

Smc Capitals Limited
Debenture Trusties
NRI Allowed No No
Allotment Link

Issue Size and Price and Other Details

Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. ECL Finance NCD Nov 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Kosamattam Finance NCD Nov 2019 issue size is ₹175.00 Cr at a issue price of ₹1,000.00 per NCD.

  ECL Finance Limited Kosamattam Finance Limited
Issue Size (Base) ₹100.00 Cr ₹175.00 Cr
Issue Size (Shelf) ₹400.00 Cr ₹175.00 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 AA/Positive, CRISIL AA/Stable IND BBB/ Stable
Tenor 24 months/ 39 months/ 60 months/ 120 months 18 /24 /36 /48 /66 / 84 months
Series

Series I to Series IX

Series I to Series VIII

Payment Frequency Monthly, Annual and Cumulative Monthly/ Cumulative
Coupon Incentive

NCD Timetable

Offering period of ECL Finance NCD Nov 2019 and Kosamattam Finance NCD Nov 2019 is mentioned.

  ECL Finance Limited Kosamattam Finance Limited
Bid/Offer Opens On Nov 04, 2019 Nov 11, 2019
Bid/Offer Closes On Nov 22, 2019 Dec 04, 2019

Shares Offered to Different Investor Category

In ECL Finance NCD Nov 2019 QIBs portion includes and offered are offered to retail investors. In Kosamattam Finance NCD Nov 2019 QIBs portion includes and offered are offered to retail investors.

  ECL Finance Limited Kosamattam Finance Limited
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 17,50,000 shares

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