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KLM Axiva Finvest NCD Aug 2019 vs L&T Finance NCD Dec 2019

Comparision between KLM Axiva Finvest NCD Aug 2019 and L&T Finance NCD Dec 2019.

NCD Details

KLM Axiva Finvest NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while L&T Finance NCD Dec 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  KLM Axiva Finvest Limited L&T Finance Ltd
Logo KLM Axiva Finvest NCD Aug 2019 Logo L&T Finance NCD Dec 2019 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE BSE, NSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base) DRHP DRHP
RHP (Base) RHP
DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

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.

The NCDs proposed to be issued under this Issue have been rated "CRISIL AAA/Stable" (pronounced as CRISIL triple A with Stable outlook) for an amount of Rs 5000 crores, by CRISIL Limited ("CRISIL") vide their letter dated November 14, 2019, CARE AAA / Stable (pronounced as CARE triple A with Stable Outlook) for an amount of Rs 5, 000 crores, by CARE Ratings Ltd. ("CARE") vide their letter dated November 15, 2019 and IND AAA / Stable (pronounced as IND triple A with Stable outlook) for an amount of Rs 5,000 crores, by India Ratings and Research Private Limited ("India Ratings") vide their letter dated November 18, 2019.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Vivro Financial Services Private Limited A.K. Capital Services Limited

Edelweiss Financial Services Ltd

Jm Financial Limited

Trust Investment Advisors Private Limited
Debenture Trusties
NRI Allowed No 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. KLM Axiva Finvest NCD Aug 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. L&T Finance NCD Dec 2019 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.

  KLM Axiva Finvest Limited L&T Finance Ltd
Issue Size (Base) ₹100.00 Cr ₹500.00 Cr
Issue Size (Shelf) ₹125.00 Cr ₹5,000.00 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 5 NCD 10 NCD
Market Lot 1 NCD 1 NCD
Credit Rating CARE BB+/Stable CRISIL AAA/Stable, CARE AAA/Stable, IND AAA/Stable
Tenor 400 days/ 45 months/ 75 months/2 yrs/ 3 yrs/ 5 yrs 36 months/ 60 months/ 84 months
Series

Series I to X

Series I to Series VI

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

NCD Timetable

Offering period of KLM Axiva Finvest NCD Aug 2019 and L&T Finance NCD Dec 2019 is mentioned.

  KLM Axiva Finvest Limited L&T Finance Ltd
Bid/Offer Opens On Aug 28, 2019 Dec 16, 2019
Bid/Offer Closes On Sep 26, 2019 Dec 17, 2019

Shares Offered to Different Investor Category

In KLM Axiva Finvest NCD Aug 2019 QIBs portion includes and offered are offered to retail investors. In L&T Finance NCD Dec 2019 QIBs portion includes and offered are offered to retail investors.

  KLM Axiva Finvest Limited L&T Finance Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 50,00,000 shares

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