Comparison between CreditAccess Grameen NCD 2022 and KLM Axiva Finvest NCD September 2022.
CreditAccess Grameen NCD 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while KLM Axiva Finvest NCD September 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| CreditAccess Grameen 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  | DRHP |
| RHP (Base) | RHP | |
| DRHP (Shelf) | ||
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The NCDs proposed to be issued under this Tranche I Issue have been rated IND AA-/Stable for an amount of Rs. 1500 Crores by India Ratings & Research Private Limited. | The NCDs proposed to be issued under this Issue have been rated IND BBB-/Stable", by India Ratings & Research Private Limited for an amount up to Rs. 20,000 crores. Instruments with such ratings are considered to have a moderate risk of default regarding timely servicing of financial obligations. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Lead Managers | A.K.Capital Services Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | Catalyst Trusteeship Ltd. | |
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. CreditAccess Grameen NCD 2022 issue size is ₹250.00 Cr at an issue price of ₹1,000.00 per NCD. KLM Axiva Finvest NCD September 2022 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| CreditAccess Grameen Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹250.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹1,500.00 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 | |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | IND AA-/Stable by India Ratings & Research Private Limited | IND BBB-/Stable by India Ratings & Research Private Limited. |
| Tenor | 24, 36 and 60 months | 400 days, 16, 82, 18 months, 2, 3, 5 years |
| Series | Series I to VI | Series I to Series X |
| Payment Frequency | Monthly and Cumulative | Monthly, Annual and Cumulative |
Offering period of CreditAccess Grameen NCD 2022 and KLM Axiva Finvest NCD September 2022 is mentioned.
| CreditAccess Grameen Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Nov 14, 2022 | Sep 15, 2022 |
| Bid/Offer Closes On | Nov 17, 2022 | Oct 12, 2022 |
In CreditAccess Grameen NCD 2022 QIBs portion includes 6,25,000 shares and 6,25,000 shares offered are offered to retail investors. In KLM Axiva Finvest NCD September 2022 QIBs portion includes 1,00,000 shares and 5,00,000 shares offered are offered to retail investors.
| CreditAccess Grameen Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| Institutional | 6,25,000 shares | 1,00,000 shares |
| Non Institutional | 8,75,000 shares | 4,00,000 shares |
| HNI | 3,75,000 shares | |
| Retail | 6,25,000 shares | 5,00,000 shares |
| Others | ||
| Total | 25,00,000 shares | 10,00,000 shares |
