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Navi Finserv NCD May 2022 vs Sakthi Finance NCD April 2022

Comparision between Navi Finserv NCD May 2022 and Sakthi Finance NCD April 2022.

NCD Details

Navi Finserv NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Sakthi Finance NCD April 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Navi Finserv Limited Sakthi Finance Limited
Logo Navi Finserv NCD May 2022 Logo Sakthi Finance NCD April 2022 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
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under the Issue have been rated as IND A/ Stable by India Ratings & Research Pvt Ltd. The instrument with such a rating is expected to have an adequate degree of safety.

The NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. Instrument with such rating are expected to have a moderate degree of safety regarding timely servicing of debt financial obligations.

Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers A.K. Capital Services Limited

Jm Financial 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. Navi Finserv NCD May 2022 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD April 2022 issue size is ₹50.00 Cr at a issue price of ₹1,000.00 per NCD.

  Navi Finserv Limited Sakthi Finance Limited
Issue Size (Base) ₹300.00 Cr ₹50.00 Cr
Issue Size (Shelf) ₹300.00 Cr ₹50.00 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 A/ Stable by India Ratings & Research Pvt Ltd ICRA BBB (Stable)
Tenor 18 and 27 Months 24, 36, 48, and 60 months
Series

Series I to IV

Series I to VIII
Payment Frequency Monthly and Annually Monthly and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Navi Finserv NCD May 2022 and Sakthi Finance NCD April 2022 is mentioned.

  Navi Finserv Limited Sakthi Finance Limited
Bid/Offer Opens On May 23, 2022 Apr 11, 2022
Bid/Offer Closes On Jun 02, 2022 May 04, 2022

Shares Offered to Different Investor Category

In Navi Finserv NCD May 2022 QIBs portion includes 6,00,000 shares and 9,00,000 shares offered are offered to retail investors. In Sakthi Finance NCD April 2022 QIBs portion includes 25,000 shares and 2,00,000 shares offered are offered to retail investors.

  Navi Finserv Limited Sakthi Finance Limited
Institutional 6,00,000 shares 25,000 shares
Non Institutional 6,00,000 shares 75,000 shares
HNI 9,00,000 shares 2,00,000 shares
Retail 9,00,000 shares 2,00,000 shares
Others
Total 30,00,000 shares 5,00,000 shares

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