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