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Comparision between ECL Finance NCD Nov 2019 and KLM Axiva Finvest NCD Aug 2019.
ECL Finance NCD Nov 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while KLM Axiva Finvest NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| ECL Finance Limited | KLM Axiva Finvest Limited | |
|---|---|---|
| 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 |
|
| DRHP (Shelf) | DRHP (Shelf) |
|
| RHP (Shelf) | RHP (Shelf) |
|
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated "CARE AA; Positive" (pronounced as CARE AA with Positive outlook) for an amount of Rs 20,000 million, by CARE Ratings Limited vide their letter dated April 10, 2019 and "CRISIL AA/Stable" (pronounced as CRISIL double A rating with Stable outlook) for an amount of Rs 20,000 million, by CRISIL Limited vide their letter dated April 18, 2019. The rating of "CARE AA; Positive" by CARE Ratings Limited and "CRISIL AA/Stable" by CRISIL Limited indicate that instruments with these ratings are considered to have a high degree of safety regarding timely servicing of financial obligations. |
The NCDs proposed to be issued under the Issue have been rated 'CARE BB+ Stable' (Double B Plus; Outlook: Stable) by CARE Ratings Limited ("CARE Ratings") for an amount up to 12,500 lakhs, vide its letter dated July 22, 2019. The rating of NCDs by Care Ratings indicates that instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations. |
| Registrar | Link Intime India Private Ltd | Kfin Technologies Limited |
| Lead Managers | Axis Bank Limited Edelweiss Financial Services Ltd |
Vivro Financial Services Private Limited |
| 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. ECL Finance NCD Nov 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. KLM Axiva Finvest NCD Aug 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| ECL Finance Limited | KLM Axiva Finvest Limited | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹400.00 Cr | ₹125.00 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 | CARE AA/Positive, CRISIL AA/Stable | CARE BB+/Stable |
| Tenor | 24 months/ 39 months/ 60 months/ 120 months | 400 days/ 45 months/ 75 months/2 yrs/ 3 yrs/ 5 yrs |
| Series | Series I to Series IX |
Series I to X |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly, Annually or Cumulative |
| Coupon Incentive |
Offering period of ECL Finance NCD Nov 2019 and KLM Axiva Finvest NCD Aug 2019 is mentioned.
| ECL Finance Limited | KLM Axiva Finvest Limited | |
|---|---|---|
| Bid/Offer Opens On | Nov 04, 2019 | Aug 28, 2019 |
| Bid/Offer Closes On | Nov 22, 2019 | Sep 26, 2019 |
In ECL Finance NCD Nov 2019 QIBs portion includes and offered are offered to retail investors. In KLM Axiva Finvest NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.
| ECL Finance Limited | KLM Axiva Finvest Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
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