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KLM Axiva Finvest NCD Aug 2019 vs Shriram City NCD Aug 2019

Comparision between KLM Axiva Finvest NCD Aug 2019 and Shriram City NCD Aug 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 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
Logo KLM Axiva Finvest NCD Aug 2019 Logo Shriram City NCD Aug 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 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

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. 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
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

NCD Timetable

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
Bid/Offer Opens On Aug 28, 2019 Aug 21, 2019
Bid/Offer Closes On Sep 26, 2019 Sep 19, 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 Shriram City NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.

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

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