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Comparision between Magma Fincorp NCD April 2019 and Shriram City NCD April 2019.
Magma Fincorp NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Shriram City NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Magma Fincorp Limited | Shriram City Union Finance Limited | |
|---|---|---|
| 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) | ||
| RHP (Base) | RHP  |
RHP |
| DRHP (Shelf) | DRHP (Shelf) |
DRHP (Shelf) |
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated BWR AA (Outlook: Stable)' by Brickworks Ratings India Private Limited ("Brickworks") for an amount of up to Rs 1,00,000 lakhs vide its letter dated December 21, 2018 and ACUITE AA/Stable by Acuité Ratings & Research Limited (erstwhile SMERA Ratings Limited) for an amount of up to Rs 1,00,000 lakhs vide its letter dated December 28, 2018. The rating of the NCDs by Brickworks and Acuité indicate that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
The NCDs proposed to be issued under the Issue have been rated 'CARE AA+ Stable' (Double A Plus; Outlook: Stable) by CARE and 'CRISIL AA/Stable' (pronounced as CRISIL double A rating with Stable outlook) by CRISIL for an amount of upto 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019) respectively. The rating of the NCDs by CARE and CRISIL are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. |
| Registrar | Kfin Technologies Limited | Integrated Registry Management Services Private Limited |
| Lead Managers | A.K. Capital Services Limited Catalyst Trusteeship Limited Edelweiss Financial Services Ltd |
A.K. Capital Services Limited Edelweiss Financial Services Ltd |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Magma Fincorp NCD April 2019 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. Shriram City NCD April 2019 issue size is ₹750.00 Cr at a issue price of ₹1,000.00 per NCD.
| Magma Fincorp Limited | Shriram City Union Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹200.00 Cr | ₹750.00 Cr |
| Issue Size (Shelf) | ₹500.00 Cr | ₹3,000.00 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 | BWR AA/Stable, ACUITE AA/Stable | CARE AA+/Stable, CRISIL AA/Stable |
| Tenor | 3 years/ 5 years/ 10 years | 24 months/ 36 months/ 60 months |
| Series | Series 1 to Series 7 |
Series 1 to Series 8 |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of Magma Fincorp NCD April 2019 and Shriram City NCD April 2019 is mentioned.
| Magma Fincorp Limited | Shriram City Union Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Apr 08, 2019 | Apr 05, 2019 |
| Bid/Offer Closes On | May 08, 2019 | May 03, 2019 |
In Magma Fincorp NCD April 2019 QIBs portion includes and offered are offered to retail investors. In Shriram City NCD April 2019 QIBs portion includes and offered are offered to retail investors.
| Magma Fincorp Limited | Shriram City Union Finance Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 20,00,000 shares | 10,00,000 shares |
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