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IIFL Home Finance NCD vs KLM Axiva Finvest NCD

Comparision between IIFL Home Finance NCD and KLM Axiva Finvest NCD.

NCD Details

IIFL Home Finance NCD is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE, NSE while KLM Axiva Finvest NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  IIFL Home Finance Ltd KLM Axiva Finvest Limited
Logo IIFL Home Finance NCD Logo KLM Axiva Finvest NCD Logo
Security Type Unsecured Subordinated Non-Convertible Debentures (Unsecured 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)
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under the Issue have been rated “CRISIL AA/Stable” and “BWR AA+/ Negative” by Brickwork Ratings India Private Limited. The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Moderate risk of default regarding timely servicing of financial obligations.
Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Equirus Capital Private Limited

Trust Investment Advisors Private Limited
Vivro Financial Services 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. IIFL Home Finance NCD issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. KLM Axiva Finvest NCD issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  IIFL Home Finance Ltd KLM Axiva Finvest Limited
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹900.00 Cr ₹50.00 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 10 NCD 5 NCD
Credit Rating CRISIL AA/Stable, BWR AA+/ Negative CARE BB+; Stable (Double BB plus; Outlook: Stable)
Tenor
Series
Payment Frequency
Coupon Incentive

NCD Timetable

Offering period of IIFL Home Finance NCD and KLM Axiva Finvest NCD is mentioned.

  IIFL Home Finance Ltd KLM Axiva Finvest Limited
Bid/Offer Opens On Jul 06, 2021 Jul 05, 2021
Bid/Offer Closes On Jul 28, 2021 Jul 26, 2021

Shares Offered to Different Investor Category

In IIFL Home Finance NCD QIBs portion includes and offered are offered to retail investors. In KLM Axiva Finvest NCD QIBs portion includes and offered are offered to retail investors.

  IIFL Home Finance Ltd KLM Axiva Finvest Limited
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 10,00,000 shares

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