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Kosamattam Finance NCD March 2019 vs Muthoot Finance NCD (Feb 2019)

Comparision between Kosamattam Finance NCD March 2019 and Muthoot Finance NCD (Feb 2019).

NCD Details

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

  Kosamattam Finance Limited Muthoot Finance Limited
Logo Kosamattam Finance NCD March 2019 Logo Muthoot Finance NCD (Feb 2019) 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
RHP (Base) RHP 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.

The NCDs proposed to be issued under this Issue have been rated [ICRA] AA (Stable) by ICRA for an amount of up to Rs 40,000 million and have been rated CRISIL AA/Stable by CRISIL for an amount up to Rs 40,000 million. The rating of the NCDs by ICRA and CRISIL indicates a 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 A.K. Capital Services Limited

Edelweiss Financial Services Ltd
Debenture Trusties
NRI Allowed No No
Allotment Link 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. Muthoot Finance NCD (Feb 2019) issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Kosamattam Finance Limited Muthoot Finance Limited
Issue Size (Base) ₹150.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹150.00 Cr ₹650.00 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 1 NCD
Credit Rating IND BBB/Stable ICRA AA/Stable, CRISIL AA/Stable
Tenor 18 months/24 months/36 months/48 months/60 months 24 Months, 38 Months and 60 Months
Series

Series 1 to Series 8

Series I to Series IX

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

NCD Timetable

Offering period of Kosamattam Finance NCD March 2019 and Muthoot Finance NCD (Feb 2019) is mentioned.

  Kosamattam Finance Limited Muthoot Finance Limited
Bid/Offer Opens On Mar 29, 2019 Feb 14, 2019
Bid/Offer Closes On Apr 26, 2019 Mar 14, 2019

Shares Offered to Different Investor Category

In Kosamattam Finance NCD March 2019 QIBs portion includes and offered are offered to retail investors. In Muthoot Finance NCD (Feb 2019) QIBs portion includes and offered are offered to retail investors.

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

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