ICL Fincorp NCD Nov 2023 vs Kosamattam Finance NCD January 2024

Comparision between ICL Fincorp NCD Nov 2023 and Kosamattam Finance NCD January 2024.

NCD Details

ICL Fincorp NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Kosamattam Finance NCD January 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

	ICL Fincorp Limited	Kosamattam Finance 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	DRHP
RHP (Base)	RHP	RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating	The NCDs proposed to be issued have been rated 'ACUITE BBB-' by Acuité.	The NCDs proposed to be issued under this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited.
Registrar	Cameo Corporate Services Limited	Kfin Technologies Limited
Lead Managers	Saffron Capital Advisors Private Limited	Smc Capitals Limited
Debenture Trusties	Mitcon Credentia Trusteeship Services Limited	Vistra Itcl India Limited
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. ICL Fincorp NCD Nov 2023 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Kosamattam Finance NCD January 2024 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

	ICL Fincorp Limited	Kosamattam Finance Limited
Issue Size (Base)	₹100.00 Cr	₹100.00 Cr
Issue Size (Shelf)	₹100.00 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	ACUITE BBB- with stable outlook by Acuité	IND A-/Stable by India Ratings
Tenor	13, 24, 36, 60 and 68 months	18, 24, 30, 36, 39, 48, 54, and 88 months
Series	Series I to X	Series I to VIII
Payment Frequency	Monthly, Annual and Cumulative	Monthly and Cumulative
Coupon Incentive

NCD Timetable

Offering period of ICL Fincorp NCD Nov 2023 and Kosamattam Finance NCD January 2024 is mentioned.

	ICL Fincorp Limited	Kosamattam Finance Limited
Bid/Offer Opens On	Nov 28, 2023	Jan 01, 2024
Bid/Offer Closes On	Dec 11, 2023	Jan 12, 2024

Shares Offered to Different Investor Category

In ICL Fincorp NCD Nov 2023 QIBs portion includes 10,000 shares and 7,50,000 shares offered are offered to retail investors. In Kosamattam Finance NCD January 2024 QIBs portion includes 1,00,000 shares and 5,00,000 shares offered are offered to retail investors.

	ICL Fincorp Limited	Kosamattam Finance Limited
Institutional	10,000 shares	1,00,000 shares
Non Institutional	40,000 shares	1,00,000 shares
HNI	2,00,000 shares	3,00,000 shares
Retail	7,50,000 shares	5,00,000 shares
Others
Total	10,00,000 shares	10,00,000 shares

Compare with others

ICL Fincorp Limited	Kosamattam Finance Limited
Kosamattam Finance NCD January 2024	Indel Money NCD January 2024
Indiabulls Housing Fin. Tranche IV NCD Dec 2023	Muthoot Finance NCD Tranche III January 2024
Arka Fincap NCD Tranche I Nov 2023	360 ONE Prime Tranche I NCD January 2024
IIFL Samasta Finance NCD Tranche I Nov 2023	Muthoot Fincorp NCD January Tranche III 2023
Cholamandalam Investment NCD Tranche III Nov. 2023	Edelweiss Financial Services NCD January 2024
Muthoot Mercantile NCD Nov 2023	Indiabulls Housing Fin. Tranche IV NCD Dec 2023
Indiabulls Housing Fin. Tranche III NCD Oct 2023	Arka Fincap NCD Tranche I Nov 2023
Piramal Enterprises NCD Tranche I October 2023	IIFL Samasta Finance NCD Tranche I Nov 2023
Incred Financial Services October 2023 NCD	Cholamandalam Investment NCD Tranche III Nov. 2023
Chemmanur Credits and Investments NCD October 2023	ICL Fincorp NCD Nov 2023

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