Comparison between CreditAccess Grameen Tranche II NCD 2023 and KLM Axiva Finvest NCD August 2023.
CreditAccess Grameen Tranche II NCD 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while KLM Axiva Finvest NCD August 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| CreditAccess Grameen Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| 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 | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under the Issue have been rated IND AA-/Stable for an amount of Rs 1500 Crores by India Ratings & Research Private Limited. | The company has received a rating of IND BBB-/Stable by India Ratings & Research Private Limited for the NCDs proposed to be issued pursuant to this Issue. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Lead Managers | A.K.Capital Services Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | Catalyst Trusteeship Ltd. | Vistra ITCL India Ltd. |
| NRI Allowed | No | No |
| Allotment Link | Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. CreditAccess Grameen Tranche II NCD 2023 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. KLM Axiva Finvest NCD August 2023 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| CreditAccess Grameen Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ₹1,500.00 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 | 5 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | IND AA-/Stable | IND BBB-/Stable by India Ratings & Research Private Limited |
| Tenor | 24, 33 and 60 months | 400 days, 16, 18, 82 months, and 2, 3, 5 years |
| Series | Series I to VIII | Series I to X |
| Payment Frequency | Monthly and Cumulative | Monthly, Annual and Cumulative |
Offering period of CreditAccess Grameen Tranche II NCD 2023 and KLM Axiva Finvest NCD August 2023 is mentioned.
| CreditAccess Grameen Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Aug 24, 2023 | Aug 24, 2023 |
| Bid/Offer Closes On | Sep 01, 2023 | Sep 06, 2023 |
In CreditAccess Grameen Tranche II NCD 2023 QIBs portion includes 10,00,000 shares and 10,00,000 shares offered are offered to retail investors. In KLM Axiva Finvest NCD August 2023 QIBs portion includes 75,000 shares and 3,75,000 shares offered are offered to retail investors.
| CreditAccess Grameen Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| Institutional | 10,00,000 shares | 75,000 shares |
| Non Institutional | 12,00,000 shares | 3,00,000 shares |
| HNI | 8,00,000 shares | |
| Retail | 10,00,000 shares | 3,75,000 shares |
| Others | ||
| Total | 40,00,000 shares | 7,50,000 shares |
