Comparison between IIFL Home Finance NCD December 2021 and KLM Axiva Finvest NCD February 2022.
IIFL Home Finance NCD December 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while KLM Axiva Finvest NCD February 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Home Finance Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured 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) | DRHP  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The Secured NCDs have been rated “CRISIL AA/Stable” (stable outlook) for an amount of ₹50,000 million by CRISIL Ratings Limited and “BWR AA+/ Negative (Assigned)” (Negative outlook”) for an amount of ₹ 50,000 million by Brickwork Ratings India Private Limited. | The NCDs proposed to be issued under this Issue have been rated "CARE BB+; Positive (Double B Plus; Outlook: Positive)", by CARE Ratings Limited ("CARE Ratings") for an amount up to ₹ 200 crores. Instruments with such ratings are considered to have a moderate risk of default regarding timely servicing of financial obligations. |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. IIFL Capital Services Ltd. ICICI Securities Ltd. Equirus Capital Ltd. Edelweiss Financial Services Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. IIFL Home Finance NCD December 2021 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. KLM Axiva Finvest NCD February 2022 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Home Finance Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹900.00 Cr | ₹100.00 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 | 1 NCD |
| Credit Rating | CRISIL AA/Stable and BWR AA+/ Negative | Care BB+, Positive Outlook by Care Ratings |
| Tenor | 36, 60, 84 Months | 366 & 400 days/ 18 & 80 months/ 2, 3, & 5 years |
| Series | Series 1 to 8 | Series I to Series X |
| Payment Frequency | Monthly and Annual |
Offering period of IIFL Home Finance NCD December 2021 and KLM Axiva Finvest NCD February 2022 is mentioned.
| IIFL Home Finance Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Dec 08, 2021 | Feb 15, 2022 |
| Bid/Offer Closes On | Dec 28, 2021 | Mar 11, 2022 |
In IIFL Home Finance NCD December 2021 QIBs portion includes 2,00,000 shares and 3,50,000 shares offered are offered to retail investors. In KLM Axiva Finvest NCD February 2022 QIBs portion includes and offered are offered to retail investors.
| IIFL Home Finance Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| Institutional | 2,00,000 shares | |
| Non Institutional | 1,00,000 shares | |
| HNI | 3,50,000 shares | |
| Retail | 3,50,000 shares | |
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
