Comparison between Aadhar Housing Finance NCD and Manappuram Home Finance NCD Sept 2019.
Aadhar Housing Finance NCD 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.
| Aadhar Housing Finance Ltd. | Manappuram Home Finance Ltd. | |
|---|---|---|
| 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 Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | YES Securities (India) Ltd. YES Bank Ltd. Trust Investment Advisors Pvt.Ltd. Edelweiss Financial Services Ltd. Axis Bank Ltd. A.K.Capital Services Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Aadhar Housing Finance NCD issue size is ₹3,000.00 Cr at an issue price of . Manappuram Home Finance NCD Sept 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Aadhar Housing Finance Ltd. | Manappuram Home Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹3,000.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹100.00 Cr | |
| Issue Price | ₹1,000.00 per NCD | |
| Face Value | ₹1,000.00 per NCD | ₹1,000.00 per NCD |
| Minimum Lot size | 1 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 |
Offering period of Aadhar Housing Finance NCD and Manappuram Home Finance NCD Sept 2019 is mentioned.
| Aadhar Housing Finance Ltd. | Manappuram Home Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 14, 2018 | Sep 30, 2019 |
| Bid/Offer Closes On | Sep 28, 2018 | Oct 29, 2019 |
In Aadhar Housing Finance NCD 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.
| Aadhar Housing Finance Ltd. | Manappuram Home Finance Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares |
