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IIFL Home Finance NCD December 2021 vs KLM Axiva Finvest NCD February 2022

Comparision between IIFL Home Finance NCD December 2021 and KLM Axiva Finvest NCD February 2022.

NCD Details

IIFL Home Finance NCD December 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while KLM Axiva Finvest NCD February 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  IIFL Home Finance Ltd KLM Axiva Finvest Limited
Logo IIFL Home Finance NCD December 2021 Logo KLM Axiva Finvest NCD February 2022 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE, NSE BSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base) DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The Secured NCDs have been rated “CRISIL AA/Stable” (stable outlook) for an amount of ₹50,000 million by CRISIL Ratings Limited and “BWR AA+/ Negative (Assigned)” (Negative outlook”) for an amount of ₹ 50,000 million by Brickwork Ratings India Private Limited.

The NCDs proposed to be issued under this Issue have been rated "CARE BB+; Positive (Double B Plus; Outlook: Positive)", by CARE Ratings Limited ("CARE Ratings") for an amount up to ₹ 200 crores. Instruments with such ratings are considered to have a moderate risk of default regarding timely servicing of financial obligations.

Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Edelweiss Financial Services Ltd

Equirus Capital Private Limited

ICICI Securities Limited

Iifl Securities Ltd

Trust Investment Advisors Private Limited
Vivro Financial Services Private 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. IIFL Home Finance NCD December 2021 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. KLM Axiva Finvest NCD February 2022 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  IIFL Home Finance Ltd KLM Axiva Finvest Limited
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹900.00 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 5 NCD
Market Lot 10 NCD 1 NCD
Credit Rating CRISIL AA/Stable and BWR AA+/ Negative

Care BB+, Positive Outlook by Care Ratings

Tenor 36, 60, 84 Months 366 & 400 days/ 18 & 80 months/ 2, 3, & 5 years
Series Series 1 to 8

Series I to Series X

Payment Frequency Monthly and Annual
Coupon Incentive

NCD Timetable

Offering period of IIFL Home Finance NCD December 2021 and KLM Axiva Finvest NCD February 2022 is mentioned.

  IIFL Home Finance Ltd KLM Axiva Finvest Limited
Bid/Offer Opens On Dec 08, 2021 Feb 15, 2022
Bid/Offer Closes On Dec 28, 2021 Mar 11, 2022

Shares Offered to Different Investor Category

In IIFL Home Finance NCD December 2021 QIBs portion includes 2,00,000 shares and 3,50,000 shares offered are offered to retail investors. In KLM Axiva Finvest NCD February 2022 QIBs portion includes and offered are offered to retail investors.

  IIFL Home Finance Ltd KLM Axiva Finvest Limited
Institutional 2,00,000 shares
Non Institutional 1,00,000 shares
HNI 3,50,000 shares
Retail 3,50,000 shares
Others
Total 10,00,000 shares 10,00,000 shares

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