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Kosamattam Finance NCD March 2019 vs Manappuram Finance NCD Jan 2019

Comparision between Kosamattam Finance NCD March 2019 and Manappuram Finance NCD Jan 2019.

NCD Details

Kosamattam Finance NCD March 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Manappuram Finance NCD Jan 2019 is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) proposed to list at BSE.

  Kosamattam Finance Limited Manappuram Finance Limited
Logo Kosamattam Finance NCD March 2019 Logo Manappuram Finance NCD Jan 2019 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Unsecured Subordinated Non-Convertible Debentures (Unsecured 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)
RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated 'IND BBB', by India Ratings & Research Private Limited ("India Ratings") for an amount up to 30,000 lakhs, including the unsecured portion of up to 2,500 lakhs vide its letter dated March 14, 2019. The rating of NCDs by India Ratings indicates that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Vivro Financial Services Private Limited A.K. Capital Services Limited

Edelweiss Financial Services Ltd
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. Kosamattam Finance NCD March 2019 issue size is ₹150.00 Cr at an issue price of ₹1,000.00 per NCD. Manappuram Finance NCD Jan 2019 issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.

  Kosamattam Finance Limited Manappuram Finance Limited
Issue Size (Base) ₹150.00 Cr ₹150.00 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 10 NCD 10 NCD
Market Lot 1 NCD 10 NCD
Credit Rating IND BBB/Stable
Tenor 18 months/24 months/36 months/48 months/60 months
Series

Series 1 to Series 8

Payment Frequency Monthly and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Kosamattam Finance NCD March 2019 and Manappuram Finance NCD Jan 2019 is mentioned.

  Kosamattam Finance Limited Manappuram Finance Limited
Bid/Offer Opens On Mar 29, 2019 Jan 28, 2019
Bid/Offer Closes On Apr 26, 2019 Feb 27, 2019

Shares Offered to Different Investor Category

In Kosamattam Finance NCD March 2019 QIBs portion includes and offered are offered to retail investors. In Manappuram Finance NCD Jan 2019 QIBs portion includes and offered are offered to retail investors.

  Kosamattam Finance Limited Manappuram Finance Limited
Institutional
Non Institutional
HNI
Retail
Others
Total 15,00,000 shares

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