KLM Axiva Finvest NCD vs Sakthi Finance NCD June 2021

Comparision between KLM Axiva Finvest NCD and Sakthi Finance NCD June 2021.

NCD Details

KLM Axiva Finvest NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD June 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

	KLM Axiva Finvest Limited	Sakthi Finance Limited
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)
RHP (Base)	RHP	RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating	Moderate risk of default regarding timely servicing of financial obligations.	The rating committee of ICRA, after due consideration, has assigned the [ICRA] BBB rating to the Sakthi Finance NCD in June 2021. This represents that the NCD has a moderate degree of safety regarding timely servicing of financial obligations. The outlook on long-term rating is 'Stable'.
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Lead Managers	Vivro Financial Services Private Limited	Dalmia Securities Private Limited
Debenture Trusties
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. KLM Axiva Finvest NCD issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD June 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

	KLM Axiva Finvest Limited	Sakthi Finance Limited
Issue Size (Base)	₹100.00 Cr	₹100.00 Cr
Issue Size (Shelf)	₹50.00 Cr	₹100.00 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	5 NCD	10 NCD
Credit Rating	CARE BB+; Stable (Double BB plus; Outlook: Stable)	[ICRA] BBB (Stable)
Tenor		26, 39, 49 and 61 months
Series
Payment Frequency		Monthly, Cumulative
Coupon Incentive

NCD Timetable

Offering period of KLM Axiva Finvest NCD and Sakthi Finance NCD June 2021 is mentioned.

	KLM Axiva Finvest Limited	Sakthi Finance Limited
Bid/Offer Opens On	Jul 05, 2021	Jun 29, 2021
Bid/Offer Closes On	Jul 26, 2021	Jul 23, 2021

Shares Offered to Different Investor Category

In KLM Axiva Finvest NCD QIBs portion includes and offered are offered to retail investors. In Sakthi Finance NCD June 2021 QIBs portion includes 50,000 shares and 5,00,000 shares offered are offered to retail investors.

	KLM Axiva Finvest Limited	Sakthi Finance Limited
Institutional		50,000 shares
Non Institutional		4,50,000 shares
HNI
Retail		5,00,000 shares
Others		0 shares
Total	10,00,000 shares	10,00,000 shares

Compare with others

KLM Axiva Finvest Limited	Sakthi Finance Limited
Kosamattam Finance NCD August 2021	Muthoottu Mini NCD August 2021
Muthoottu Mini NCD August 2021	Edelweiss Financial NCD August 2021
Edelweiss Financial NCD August 2021	Piramal Capital NCD July 2021
Piramal Capital NCD July 2021	IIFL Home Finance NCD
IIFL Home Finance NCD	KLM Axiva Finvest NCD
Sakthi Finance NCD June 2021	India Grid Trust NCD April 2021
India Grid Trust NCD April 2021	Muthoot Fincorp Limited NCD April 2020
Muthoot Fincorp Limited NCD April 2020	Muthoot Finance Limited Tranche III NCD
Muthoot Finance Limited Tranche III NCD	Edelweiss Financial NCD April 2021
Edelweiss Financial NCD April 2021	Kosamattam Finance NCD March 2021

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