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Comparision between KLM Axiva Finvest NCD Aug 2019 and Muthoot Fincorp NCD Jan 2020.
KLM Axiva Finvest NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| KLM Axiva Finvest Limited | Muthoot Fincorp 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 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. |
The NCDs proposed to be issued under this Issue have been rated "A (Stable)" for an amount of Rs 50,000 lakhs by CRISIL Limited ("CRISIL") vide their letter dated October 10, 2019 and further revalidated by their letter dated December 26, 2019 and rated "BWR A +" Outlook: Stable)' for an amount of Rs 50,000 lakhs, by Brickwork Ratings India Pvt. Ltd. ("Brickworks") vide their letter dated December 12, 2019. |
| Registrar | Kfin Technologies Limited | Integrated Registry Management Services Private Limited |
| Lead Managers | Vivro Financial Services Private Limited | Smc Capitals 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. KLM Axiva Finvest NCD Aug 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD Jan 2020 issue size is ₹250.00 Cr at a issue price of ₹1,000.00 per NCD.
| KLM Axiva Finvest Limited | Muthoot Fincorp Limited | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹250.00 Cr |
| Issue Size (Shelf) | ₹125.00 Cr | ₹480.00 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 | 5 NCD | 10 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | CARE BB+/Stable | BWR A+ /Stable, CRISIL A/Stable |
| Tenor | 400 days/ 45 months/ 75 months/2 yrs/ 3 yrs/ 5 yrs | 400 days/ 24 months/ 38 months/ 60 months |
| Series | Series I to X |
Series I to Series XI |
| Payment Frequency | Monthly, Annually or Cumulative | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of KLM Axiva Finvest NCD Aug 2019 and Muthoot Fincorp NCD Jan 2020 is mentioned.
| KLM Axiva Finvest Limited | Muthoot Fincorp Limited | |
|---|---|---|
| Bid/Offer Opens On | Aug 28, 2019 | Jan 09, 2020 |
| Bid/Offer Closes On | Sep 26, 2019 | Feb 04, 2020 |
In KLM Axiva Finvest NCD Aug 2019 QIBs portion includes and offered are offered to retail investors. In Muthoot Fincorp NCD Jan 2020 QIBs portion includes and offered are offered to retail investors.
| KLM Axiva Finvest Limited | Muthoot Fincorp Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 25,00,000 shares |
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