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KLM Axiva Finvest NCD September 2022 vs Muthoot Finance Limited Tranche III NCD Oct 2022

Comparision between KLM Axiva Finvest NCD September 2022 and Muthoot Finance Limited Tranche III NCD Oct 2022.

NCD Details

KLM Axiva Finvest NCD September 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Finance Limited Tranche III NCD Oct 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  KLM Axiva Finvest Limited Muthoot Finance Limited
Logo KLM Axiva Finvest NCD September 2022 Logo Muthoot Finance Limited Tranche III NCD Oct 2022 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
RHP (Base) RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating

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.

The NCDs proposed to be issued under the Issue have been rated [ICRA] AA+/Stable by ICRA Limited such ratings are considered to have a stable outlook.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Vivro Financial Services Private Limited A.K. Capital Services 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. KLM Axiva Finvest NCD September 2022 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance Limited Tranche III NCD Oct 2022 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.

  KLM Axiva Finvest Limited Muthoot Finance Limited
Issue Size (Base) ₹100.00 Cr ₹75.00 Cr
Issue Size (Shelf) ₹100.00 Cr ₹225.00 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 BBB-/Stable by India Ratings & Research Private Limited.

ICRA AA+/Stable
Tenor 400 days, 16, 82, 18 months, 2, 3, 5 years 36, 24 and 60 months
Series

Series I to Series X

Series I to VII

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

NCD Timetable

Offering period of KLM Axiva Finvest NCD September 2022 and Muthoot Finance Limited Tranche III NCD Oct 2022 is mentioned.

  KLM Axiva Finvest Limited Muthoot Finance Limited
Bid/Offer Opens On Sep 15, 2022 Oct 06, 2022
Bid/Offer Closes On Oct 12, 2022 Oct 28, 2022

Shares Offered to Different Investor Category

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. In Muthoot Finance Limited Tranche III NCD Oct 2022 QIBs portion includes 37,500 shares and 3,75,000 shares offered are offered to retail investors.

  KLM Axiva Finvest Limited Muthoot Finance Limited
Institutional 1,00,000 shares 37,500 shares
Non Institutional 4,00,000 shares 37,500 shares
HNI 3,00,000 shares
Retail 5,00,000 shares 3,75,000 shares
Others
Total 10,00,000 shares 7,50,000 shares

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