EFIL NCD Jan 2020 vs Sakthi Fin NCD March 2020

Comparision between EFIL NCD Jan 2020 and Sakthi Fin NCD March 2020.

NCD Details

EFIL NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Fin NCD March 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

	Edelweiss Finance & Investments Ltd	Sakthi Finance Ltd
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	DRHP
RHP (Base)		RHP
DRHP (Shelf)
RHP (Shelf)	RHP (Shelf)
NCD Rating		The NCDs proposed to be issued by our Company have been rated by ICRA Limited ("ICRA"). ICRA has vide its letter no RTG/Chen/132/19-20 dated February 18, 2020, assigned a rating of "[ICRA] BBB (Stable)" for an amount up to ` 20,000 lakh for the NCDs. The rating of the NCDs by ICRA indicates moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk
Registrar	Link Intime India Private Ltd	S.K.D.C Consultants Limited
Lead Managers	Edelweiss Financial Services Ltd Idbi Capital Market Services 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. EFIL NCD Jan 2020 issue size is ₹125.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Fin NCD March 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

	Edelweiss Finance & Investments Ltd	Sakthi Finance Ltd
Issue Size (Base)	₹125.00 Cr	₹100.00 Cr
Issue Size (Shelf)	₹250.00 Cr	₹200.00 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	CRISIL AA-/ Stable; CARE AA-/ Stable	ICRA BBB/ Stable
Tenor	18 months/ 36 months /60 months /120 months	24 months/ 39 months/ 49 months/ 62 months
Series	Series 1 to Series 9	Series 1 to Series 11
Payment Frequency	Monthly, Annual and Cumulative	Annual, Cumulative and Monthly
Coupon Incentive

NCD Timetable

Offering period of EFIL NCD Jan 2020 and Sakthi Fin NCD March 2020 is mentioned.

	Edelweiss Finance & Investments Ltd	Sakthi Finance Ltd
Bid/Offer Opens On	Jan 23, 2020	Mar 13, 2020
Bid/Offer Closes On	Jan 31, 2020	Apr 30, 2020

Shares Offered to Different Investor Category

In EFIL NCD Jan 2020 QIBs portion includes and offered are offered to retail investors. In Sakthi Fin NCD March 2020 QIBs portion includes and offered are offered to retail investors.

	Edelweiss Finance & Investments Ltd	Sakthi Finance Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total	12,50,000 shares	10,00,000 shares

Compare with others

Edelweiss Finance & Investments Ltd	Sakthi Finance Ltd
KLM Axiva NCD June 2020	Muthoottu Mini NCD September 2020
Kosamattam Fin NCD March 2020	Muthoot Fincorp NCD June 2020
Sakthi Fin NCD March 2020	Muthoottu Mini NCD June 2020
Muthoot Vehicle NCD Feb 2020	KLM Axiva NCD June 2020
JM Financial NCD Feb 2020	Kosamattam Fin NCD March 2020
Muthoottu Mini NCD Jan 2020	Muthoot Vehicle NCD Feb 2020
Tata Capital Housing NCD Jan 2020	JM Financial NCD Feb 2020
Shriram Transport Finance NCD Jan 2020	EFIL NCD Jan 2020
Muthoot Finance NCD Nov 2019	Muthoottu Mini NCD Jan 2020
Kosamattam Finance NCD Nov 2019	Tata Capital Housing NCD Jan 2020

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