IIFL Home Finance NCD vs KLM Axiva Finvest NCD

Comparision between IIFL Home Finance NCD and KLM Axiva Finvest NCD.

NCD Details

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

	IIFL Home Finance Ltd	KLM Axiva Finvest Limited
Logo
Security Type	Unsecured Subordinated Non-Convertible Debentures (Unsecured 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)
RHP (Base)	RHP	RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating	The NCDs proposed to be issued under the Issue have been rated “CRISIL AA/Stable” and “BWR AA+/ Negative” by Brickwork Ratings India Private Limited. The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.	Moderate risk of default regarding timely servicing of financial obligations.
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Lead Managers	Equirus Capital Private Limited 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 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. KLM Axiva Finvest NCD 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	₹50.00 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	5 NCD
Credit Rating	CRISIL AA/Stable, BWR AA+/ Negative	CARE BB+; Stable (Double BB plus; Outlook: Stable)
Tenor
Series
Payment Frequency
Coupon Incentive

NCD Timetable

Offering period of IIFL Home Finance NCD and KLM Axiva Finvest NCD is mentioned.

	IIFL Home Finance Ltd	KLM Axiva Finvest Limited
Bid/Offer Opens On	Jul 06, 2021	Jul 05, 2021
Bid/Offer Closes On	Jul 28, 2021	Jul 26, 2021

Shares Offered to Different Investor Category

In IIFL Home Finance NCD QIBs portion includes and offered are offered to retail investors. In KLM Axiva Finvest NCD QIBs portion includes and offered are offered to retail investors.

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

Compare with others

IIFL Home Finance Ltd	KLM Axiva Finvest Limited
Indiabulls Housing NCD September 2021	Kosamattam Finance NCD August 2021
Kosamattam Finance NCD August 2021	Muthoottu Mini NCD August 2021
Muthoottu Mini NCD August 2021	Edelweiss Financial NCD August 2021
Edelweiss Financial NCD August 2021	Piramal Capital NCD July 2021
Piramal Capital NCD July 2021	IIFL Home Finance NCD
KLM Axiva Finvest NCD	Sakthi Finance NCD June 2021
Sakthi Finance NCD June 2021	India Grid Trust NCD April 2021
India Grid Trust NCD April 2021	Muthoot Fincorp Limited NCD April 2020
Muthoot Fincorp Limited NCD April 2020	Muthoot Finance Limited Tranche III NCD
Muthoot Finance Limited Tranche III NCD	Edelweiss Financial NCD April 2021

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