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Comparision between KLM Axiva Finvest NCD Aug 2019 and Shriram City NCD Aug 2019.
KLM Axiva Finvest NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Shriram City NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
KLM Axiva Finvest Limited | Shriram City Union Finance Limited | |
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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 | DRHP |
RHP (Base) | RHP | RHP |
DRHP (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. |
CDs proposed to be issued under the Issue have been rated 'CARE AA+ Stable' (Double A Plus; Outlook: Stable) by CARE and 'CRISIL AA/Stable' (pronounced as CRISIL double A rating with Stable outlook) by CRISIL for an amount of upto Rs 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019 and further revalidated on March 20, 2019 and further revalidated on August 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019 and further revalidated on March 19, 2019 and further revalidated on August 9, 2019) respectively. The rating of the NCDs by CARE and CRISIL are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. |
Registrar | Kfin Technologies Limited | Integrated Registry Management Services Private Limited |
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 |
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. Shriram City NCD Aug 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
KLM Axiva Finvest Limited | Shriram City Union Finance Limited | |
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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 | CARE AA+/Stable, CRISIL AA/Stable |
Tenor | 400 days/ 45 months/ 75 months/2 yrs/ 3 yrs/ 5 yrs | 24 months/ 36 months/ 60 months |
Series | Series I to X |
Series I to Series VIII |
Payment Frequency | Monthly, Annually or Cumulative | Monthly/ Annual/ Cumulative |
Coupon Incentive |
Offering period of KLM Axiva Finvest NCD Aug 2019 and Shriram City NCD Aug 2019 is mentioned.
KLM Axiva Finvest Limited | Shriram City Union Finance Limited | |
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Bid/Offer Opens On | Aug 28, 2019 | Aug 21, 2019 |
Bid/Offer Closes On | Sep 26, 2019 | Sep 19, 2019 |
In KLM Axiva Finvest NCD Aug 2019 QIBs portion includes and offered are offered to retail investors. In Shriram City NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.
KLM Axiva Finvest Limited | Shriram City Union Finance Limited | |
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Institutional | ||
Non Institutional | ||
HNI | ||
Retail | ||
Others | ||
Total | 10,00,000 shares | 10,00,000 shares |
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