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Indiabulls Commercial Credit NCD January 2023 vs KLM Axiva Finvest NCD February 2023

Comparision between Indiabulls Commercial Credit NCD January 2023 and KLM Axiva Finvest NCD February 2023.

NCD Details

Indiabulls Commercial Credit NCD January 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while KLM Axiva Finvest NCD February 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Indiabulls Commercial Credit Limited KLM Axiva Finvest Limited
Logo Indiabulls Commercial Credit NCD January 2023 Logo KLM Axiva Finvest NCD February 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" (pronounced as CRISIL double A rating with stable outlook) by CRISIL Ratings and "[ICRA]AA (Stable)" (pronounced as ICRA double A rating with a stable outlook) by ICRA Limited. Instruments with this rating are considered to have high degree of safety.

The NCDs proposed to be issued under this Issue have been rated "IND BBB-/Stable", by India Ratings & Research Private Limited ("India Ratings") for an amount up to ₹ 25,000 lakhs.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Edelweiss Financial Services Ltd

Elara Capital (India) Private Limited

Trust Investment Advisors Private Limited
Vivro Financial Services Private Limited
Debenture Trusties Beacon Trusteeship Limited Vistra Itcl India Limited
NRI Allowed No No
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 Commercial Credit NCD January 2023 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. KLM Axiva Finvest NCD February 2023 issue size is ₹125.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indiabulls Commercial Credit Limited KLM Axiva Finvest Limited
Issue Size (Base) ₹200.00 Cr ₹125.00 Cr
Issue Size (Shelf) ₹1,000.00 Cr ₹125.00 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, and 60 Months 400 days, 16, 82, 18 months, 2, 3, 5 years
Series

Series I to VIII

Series I to X

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

NCD Timetable

Offering period of Indiabulls Commercial Credit NCD January 2023 and KLM Axiva Finvest NCD February 2023 is mentioned.

  Indiabulls Commercial Credit Limited KLM Axiva Finvest Limited
Bid/Offer Opens On Jan 05, 2023 Feb 20, 2023
Bid/Offer Closes On Jan 27, 2023 Mar 03, 2023

Shares Offered to Different Investor Category

In Indiabulls Commercial Credit NCD January 2023 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors. In KLM Axiva Finvest NCD February 2023 QIBs portion includes and offered are offered to retail investors.

  Indiabulls Commercial Credit Limited KLM Axiva Finvest Limited
Institutional 3,00,000 shares
Non Institutional 1,00,000 shares
HNI 3,00,000 shares
Retail 3,00,000 shares
Others
Total 10,00,000 shares

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