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Indore Municipal NCD February 2023 vs Kosamattam Finance NCD April 2023

Comparision between Indore Municipal NCD February 2023 and Kosamattam Finance NCD April 2023.

NCD Details

Indore Municipal NCD February 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at NSE while Kosamattam Finance NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Indore Municipal Corporation Kosamattam Finance Limited
Logo Indore Municipal NCD February 2023 Logo Kosamattam Finance NCD April 2023 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at NSE 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 company has received rating of IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited for the bonds proposed to be issued pursuant to this Issue.

The NCDs proposed to be issued under this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers A.K. Capital Services Limited

SBI Capital Markets Limited
Smc Capitals Limited
Debenture Trusties Vistra Itcl India 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. Indore Municipal NCD February 2023 issue size is ₹122.00 Cr at an issue price of ₹1,000.00 per NCD. Kosamattam Finance NCD April 2023 issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indore Municipal Corporation Kosamattam Finance Limited
Issue Size (Base) ₹122.00 Cr ₹150.00 Cr
Issue Size (Shelf) ₹244.00 Cr ₹300.00 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 IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited. IND A-/Stable by India Ratings
Tenor 3, 5, 7, and 9 years 15, 24, 30, 36, 39, 48, 54, and 88 months
Series

Series I

Series I to VIII

Payment Frequency Half yearly Monthly and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Indore Municipal NCD February 2023 and Kosamattam Finance NCD April 2023 is mentioned.

  Indore Municipal Corporation Kosamattam Finance Limited
Bid/Offer Opens On Feb 10, 2023 Apr 11, 2023
Bid/Offer Closes On Feb 14, 2023 Apr 25, 2023

Shares Offered to Different Investor Category

In Indore Municipal NCD February 2023 QIBs portion includes 3,05,000 shares and 3,05,000 shares offered are offered to retail investors. In Kosamattam Finance NCD April 2023 QIBs portion includes 1,50,000 shares and 7,50,000 shares offered are offered to retail investors.

  Indore Municipal Corporation Kosamattam Finance Limited
Institutional 3,05,000 shares 1,50,000 shares
Non Institutional 3,05,000 shares 1,50,000 shares
HNI 3,05,000 shares 4,50,000 shares
Retail 3,05,000 shares 7,50,000 shares
Others
Total 12,20,000 shares 15,00,000 shares

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