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Indiabulls Housing Finance TrancheII NCD July 2023 vs KLM Axiva Finvest NCD August 2023

Comparision between Indiabulls Housing Finance TrancheII NCD July 2023 and KLM Axiva Finvest NCD August 2023.

NCD Details

Indiabulls Housing Finance TrancheII NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while KLM Axiva Finvest NCD August 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Indiabulls Housing Finance Limited KLM Axiva Finvest Limited
Logo Indiabulls Housing Finance TrancheII NCD July 2023 Logo KLM Axiva Finvest NCD August 2023 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE, NSE BSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base) DRHP
RHP (Base) RHP RHP
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (Stable) by ICRA Limited with such ratings considered to have a stable outlook.

The company has received a rating of IND BBB-/Stable by India Ratings & Research Private Limited for the NCDs proposed to be issued pursuant to this Issue.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Nuvama Wealth Management Limited

Elara Capital (India) Private Limited

Trust Investment Advisors Private Limited
Vivro Financial Services Private Limited
Debenture Trusties Idbi Trusteeship Services Ltd. Vistra Itcl India Limited
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. Indiabulls Housing Finance TrancheII NCD July 2023 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. KLM Axiva Finvest NCD August 2023 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indiabulls Housing Finance Limited KLM Axiva Finvest Limited
Issue Size (Base) ₹200.00 Cr ₹75.00 Cr
Issue Size (Shelf) ₹2,000.00 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 10 NCD 5 NCD
Market Lot 1 NCD 1 NCD
Credit Rating “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited IND BBB-/Stable by India Ratings & Research Private Limited
Tenor 24, 36, 60, 84 and120 Months 400 days, 16, 18, 82 months, and 2, 3, 5 years
Series

Series I to XII

Series I to X
Payment Frequency Monthly, Annual and Cumulative Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Indiabulls Housing Finance TrancheII NCD July 2023 and KLM Axiva Finvest NCD August 2023 is mentioned.

  Indiabulls Housing Finance Limited KLM Axiva Finvest Limited
Bid/Offer Opens On Sep 06, 2023 Aug 24, 2023
Bid/Offer Closes On Sep 20, 2023 Sep 06, 2023

Shares Offered to Different Investor Category

In Indiabulls Housing Finance TrancheII NCD July 2023 QIBs portion includes 3,00,000 shares and 0 shares offered are offered to retail investors. In KLM Axiva Finvest NCD August 2023 QIBs portion includes 75,000 shares and 3,75,000 shares offered are offered to retail investors.

  Indiabulls Housing Finance Limited KLM Axiva Finvest Limited
Institutional 3,00,000 shares 75,000 shares
Non Institutional 0 shares 3,00,000 shares
HNI 0 shares
Retail 0 shares 3,75,000 shares
Others
Total 10,00,000 shares 7,50,000 shares

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