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KLM Axiva Finvest NCD Aug 2019 vs Muthoot Finance NCD Sep 2019

Comparision between KLM Axiva Finvest NCD Aug 2019 and Muthoot Finance NCD Sep 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 Muthoot Finance NCD Sep 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  KLM Axiva Finvest Limited Muthoot Finance Limited
Logo KLM Axiva Finvest NCD Aug 2019 Logo Muthoot Finance NCD Sep 2019 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE 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 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 [ICRA] AA (Stable) by ICRA for an amount of upto Rs 40,000 million vide its letter dated December 31, 2018 and have been rated CRISIL AA/Stable by CRISIL for an amount upto Rs 40,000 million vide its letter dated January 18, 2019. The rating of the NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations.

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
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. Muthoot Finance NCD Sep 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  KLM Axiva Finvest Limited Muthoot Finance Limited
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹125.00 Cr ₹900.00 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 ICRA AA/Stable, CRISIL AA/Stable
Tenor 400 days/ 45 months/ 75 months/2 yrs/ 3 yrs/ 5 yrs 24 months/ 38 months/ 60 months/ 90 months
Series

Series I to X

Series I to Series X

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

NCD Timetable

Offering period of KLM Axiva Finvest NCD Aug 2019 and Muthoot Finance NCD Sep 2019 is mentioned.

  KLM Axiva Finvest Limited Muthoot Finance Limited
Bid/Offer Opens On Aug 28, 2019 Sep 27, 2019
Bid/Offer Closes On Sep 26, 2019 Oct 25, 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 Muthoot Finance NCD Sep 2019 QIBs portion includes and offered are offered to retail investors.

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

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