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KLM Axiva Finvest NCD Aug 2019 vs SREI Equipment NCD Aug 2019

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

  KLM Axiva Finvest Limited Srei Equipment Finance Ltd
Logo KLM Axiva Finvest NCD Aug 2019 Logo SREI Equipment 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
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 "BWR AA" (BWR Double A) (Outlook: Negative) by Brickwork Ratings India Private Limited ("BRICKWORK") pursuant to letter dated July 05, 2019 and
further revalidated by letters dated July 19, 2019 and August 06, 2019 and Acuite AA- (Acuite double A minus) by "Acuite Rating Limited" ("ACUITE") pursuant to letter dated July 30, 2019. Instruments with a rating of "BWR AA" (BWR Double A) (Outlook: Negative) by BRICKWORK and Acuite AA- (Acuite double A minus) by Acuite are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Vivro Financial Services Private Limited Karvy Investor Services Limited

Smc Capitals Limited
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. SREI Equipment NCD Aug 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  KLM Axiva Finvest Limited Srei Equipment Finance Ltd
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹125.00 Cr ₹400.00 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 BWR AA/Negative, Acuite AA-/Stable
Tenor 400 days/ 45 months/ 75 months/2 yrs/ 3 yrs/ 5 yrs 1 year/ 2 year/ 3 year/ 5 year
Series

Series I to X

Series I to Series X

Payment Frequency Monthly, Annually or Cumulative Monthly/ Quarterly/ Annual/ Cumulative
Coupon Incentive

NCD Timetable

Offering period of KLM Axiva Finvest NCD Aug 2019 and SREI Equipment NCD Aug 2019 is mentioned.

  KLM Axiva Finvest Limited Srei Equipment Finance Ltd
Bid/Offer Opens On Aug 28, 2019 Aug 19, 2019
Bid/Offer Closes On Sep 26, 2019 Sep 11, 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 SREI Equipment NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.

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

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