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India Infoline NCD Aug 2019 vs KLM Axiva Finvest NCD Aug 2019

Comparision between India Infoline NCD Aug 2019 and KLM Axiva Finvest NCD Aug 2019.

NCD Details

India Infoline NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while KLM Axiva Finvest NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  India Infoline Finance Limited KLM Axiva Finvest Limited
Logo India Infoline NCD Aug 2019 Logo KLM Axiva Finvest NCD Aug 2019 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
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated BWR AA+/Stable (pronounced as BWR Double A Plus with Stable outlook) for an amount of Rs.50,000 million by Brickworks Ratings India Private Limited vide their rating letter dated October 31, 2018, CRISIL AA/Stable (pronounced as CRISIL Double A rating with Stable outlook) for an amount of Rs.50,000 million by CRISIL Ratings Limited vide their rating letter dated November 1, 2018 and [ICRA] AA (Stable) (pronounced as ICRA Double A) for an amount of Rs.50,000 million by ICRA Limited vide their rating letter dated October 31, 2018. 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.

The NCDs proposed to be issued under the Issue have been rated 'CARE BB+ Stable' (Double B Plus; Outlook: Stable) by CARE Ratings Limited ("CARE Ratings") for an amount up to 12,500 lakhs, vide its letter dated July 22, 2019. The rating of NCDs by Care Ratings indicates that instruments with this rating are considered to have 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

ICICI Securities Limited

Iifl Securities Ltd
Vivro Financial Services Private Limited
Debenture Trusties
NRI Allowed Yes No
Allotment Link Allotment Link 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. India Infoline NCD Aug 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. KLM Axiva Finvest NCD Aug 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  India Infoline Finance Limited KLM Axiva Finvest Limited
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹900.00 Cr ₹125.00 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 1 NCD 1 NCD
Credit Rating BWR AA+/Stable, CRISIL AA/Stable, ICRA AA/Stable CARE BB+/Stable
Tenor 15 months/ 39 months/ 69 months 400 days/ 45 months/ 75 months/2 yrs/ 3 yrs/ 5 yrs
Series

Series I to Series VI

Series I to X

Payment Frequency Monthly, Quarterly and Annual Monthly, Annually or Cumulative
Coupon Incentive

NCD Timetable

Offering period of India Infoline NCD Aug 2019 and KLM Axiva Finvest NCD Aug 2019 is mentioned.

  India Infoline Finance Limited KLM Axiva Finvest Limited
Bid/Offer Opens On Aug 06, 2019 Aug 28, 2019
Bid/Offer Closes On Aug 30, 2019 Sep 26, 2019

Shares Offered to Different Investor Category

In India Infoline NCD Aug 2019 QIBs portion includes and offered are offered to retail investors. In KLM Axiva Finvest NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.

  India Infoline Finance Limited KLM Axiva Finvest Limited
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 10,00,000 shares

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