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Indiabulls Housing NCD Dec 2021 vs KLM Axiva Finvest NCD February 2022

Comparision between Indiabulls Housing NCD Dec 2021 and KLM Axiva Finvest NCD February 2022.

NCD Details

Indiabulls Housing NCD Dec 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.

  Indiabulls Housing Finance Limited KLM Axiva Finvest Limited
Logo Indiabulls Housing NCD Dec 2021 Logo KLM Axiva Finvest NCD February 2022 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 issue have been rated “CRISIL AA/Stable” (double A rating with stable outlook) by CRISIL Ratings Limited and, “BWR AA+ /Stable” (“BWR double A plus with stable outlook) 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 Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Edelweiss Financial Services Ltd

Iifl Securities Ltd

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. Indiabulls Housing NCD Dec 2021 issue size is ₹200.00 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.

  Indiabulls Housing Finance Limited KLM Axiva Finvest Limited
Issue Size (Base) ₹200.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹800.00 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 1 NCD 1 NCD
Credit Rating CRISIL AA/Stable by Crisil and BWR AA+/Stable by Brickwork

Care BB+, Positive Outlook by Care Ratings

Tenor 24, 36, and 60Months 366 & 400 days/ 18 & 80 months/ 2, 3, & 5 years
Series Series 1 to 8

Series I to Series X

Payment Frequency Monthly, Cumulative and Annually Monthly and Annual
Coupon Incentive

NCD Timetable

Offering period of Indiabulls Housing NCD Dec 2021 and KLM Axiva Finvest NCD February 2022 is mentioned.

  Indiabulls Housing Finance Limited KLM Axiva Finvest Limited
Bid/Offer Opens On Dec 09, 2021 Feb 15, 2022
Bid/Offer Closes On Dec 31, 2021 Mar 11, 2022

Shares Offered to Different Investor Category

In Indiabulls Housing NCD Dec 2021 QIBs portion includes 6,00,000 shares and 6,00,000 shares offered are offered to retail investors. In KLM Axiva Finvest NCD February 2022 QIBs portion includes and offered are offered to retail investors.

  Indiabulls Housing Finance Limited KLM Axiva Finvest Limited
Institutional 6,00,000 shares
Non Institutional 2,00,000 shares
HNI 6,00,000 shares
Retail 6,00,000 shares
Others
Total 20,00,000 shares 10,00,000 shares

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