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KLM Axiva Finvest NCD August 2023 vs Nido Home Finance NCD Aug 2023

Comparision between KLM Axiva Finvest NCD August 2023 and Nido Home Finance NCD Aug 2023.

NCD Details

KLM Axiva Finvest NCD August 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Nido Home Finance NCD Aug 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  KLM Axiva Finvest Limited Nido Home Finance Limited
Logo KLM Axiva Finvest NCD August 2023 Logo Nido Home Finance NCD Aug 2023 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 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.

The NCDs proposed to be issued under the Issue have been rated "CRISIL AA-/Negative" (pronounced as CRISIL double A minus rating with negative outlook) for an amount of ₹ 1,500 million by CRISIL Ratings Limited and;"[ICRA] A+ (Stable)" for an amount of ₹ 1,500 million by ICRA Limited.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Vivro Financial Services Private Limited Trust Investment Advisors Private Limited

Nuvama Wealth Management Limited

Tipsons Consultancy Services Private Limited
Debenture Trusties Vistra Itcl India Limited Beacon Trusteeship 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. KLM Axiva Finvest NCD August 2023 issue size is ₹75.00 Cr at an issue price of ₹1,000.00 per NCD. Nido Home Finance NCD Aug 2023 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.

  KLM Axiva Finvest Limited Nido Home Finance Limited
Issue Size (Base) ₹75.00 Cr ₹75.00 Cr
Issue Size (Shelf) ₹150.00 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 IND BBB-/Stable by India Ratings & Research Private Limited

CRISIL AA-/Negative & [ICRA] A+ (Stable)

Tenor 400 days, 16, 18, 82 months, and 2, 3, 5 years 24, 36, 60 and 120 months
Series Series I to X

Series I to X

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

NCD Timetable

Offering period of KLM Axiva Finvest NCD August 2023 and Nido Home Finance NCD Aug 2023 is mentioned.

  KLM Axiva Finvest Limited Nido Home Finance Limited
Bid/Offer Opens On Aug 24, 2023 Aug 30, 2023
Bid/Offer Closes On Sep 06, 2023 Sep 12, 2023

Shares Offered to Different Investor Category

In KLM Axiva Finvest NCD August 2023 QIBs portion includes 75,000 shares and 3,75,000 shares offered are offered to retail investors. In Nido Home Finance NCD Aug 2023 QIBs portion includes 75,000 shares and 3,00,000 shares offered are offered to retail investors.

  KLM Axiva Finvest Limited Nido Home Finance Limited
Institutional 75,000 shares 75,000 shares
Non Institutional 3,00,000 shares 75,000 shares
HNI 3,00,000 shares
Retail 3,75,000 shares 3,00,000 shares
Others
Total 7,50,000 shares 7,50,000 shares

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