KLM Axiva Finvest NCD SEP 2018 vs Manappuram Home Finance NCD Sept 2019

Comparision between KLM Axiva Finvest NCD SEP 2018 and Manappuram Home Finance NCD Sept 2019.

NCD Details

KLM Axiva Finvest NCD SEP 2018 is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE while Manappuram Home Finance NCD Sept 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

	KLM Axiva Finvest Limited	Manappuram Home Finance Limited
Logo
Security Type	Unsecured Subordinated Non-Convertible Debentures (Unsecured 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
RHP (Base)		RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating		The NCDs proposed to be issued under this Issue have been rated "CARE AA-; Stable" (AA minus; Outlook Stable) by CARE Ratings Limited ("CARE Ratings") for an amount up to Rs 20,000 lakhs, vide its letter dated August 26, 2019 and revalidated letter dated September 16, 2019 and the Rating Rationale letter dated August 28, 2019. The rating of NCDs by CARE Ratings indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations.
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Lead Managers	Vivro Financial Services Private Limited	Vivro Financial Services Private Limited
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. KLM Axiva Finvest NCD SEP 2018 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Manappuram Home Finance NCD Sept 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

	KLM Axiva Finvest Limited	Manappuram Home Finance Limited
Issue Size (Base)	₹100.00 Cr	₹100.00 Cr
Issue Size (Shelf)		₹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	1 NCD	1 NCD
Credit Rating		CARE AA-/Stable
Tenor		36 months/ 60 months/ 2500 days
Series		Series 1 to Series 7
Payment Frequency		Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of KLM Axiva Finvest NCD SEP 2018 and Manappuram Home Finance NCD Sept 2019 is mentioned.

	KLM Axiva Finvest Limited	Manappuram Home Finance Limited
Bid/Offer Opens On	Sep 27, 2018	Sep 30, 2019
Bid/Offer Closes On	Oct 26, 2018	Oct 29, 2019

Shares Offered to Different Investor Category

In KLM Axiva Finvest NCD SEP 2018 QIBs portion includes and offered are offered to retail investors. In Manappuram Home Finance NCD Sept 2019 QIBs portion includes and offered are offered to retail investors.

	KLM Axiva Finvest Limited	Manappuram Home Finance Limited
Institutional
Non Institutional
HNI
Retail
Others
Total		10,00,000 shares

Compare with others

KLM Axiva Finvest Limited	Manappuram Home Finance Limited
ECL Finance NCD Dec 2018	Shriram Transport Finance stfc NCD Jan 2019
Manappuram Home Finance NCD Sept 2019	M & M Financial NCD
JM Financial NCD Nov 2018	Kosamattam Finance NCD Dec 2018
Manappuram Finance NCD Oct 2018	SREI Equipment Finance NCD Dec 2018
Shriram Transport Finance stfc NCD Oct 2018	ECL Finance NCD Dec 2018
Aadhar Housing Finance NCD	JM Financial NCD Nov 2018
Indiabulls Commercial Credit NCD Sep 2018	Manappuram Finance NCD Oct 2018
Tata Capital NCD September 2018	Shriram Transport Finance stfc NCD Oct 2018
Kosamattam Finance NCD August 2018	KLM Axiva Finvest NCD SEP 2018
ECL Finance NCD July 2018	Aadhar Housing Finance NCD

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