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Comparision between KLM Axiva NCD June 2020 and Muthoot Fincorp NCD June 2020.
KLM Axiva NCD June 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD June 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| KLM Axiva Finvest Ltd | Muthoot Fincorp Ltd | |
|---|---|---|
| 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 this Issue have been rated "CARE BB+; Stable", by CARE Ratings Limited ("CARE Ratings") for an amount up to Rs 12,500 lakhs, vide its letter dated March 16, 2020 and revalidation letter dated May 22, 2020. 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 letters dated December 26, 2019, March 9, 2020 and June 10, 2020, 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 and further revalidated by their letter dated March 11, 2020 and June 15, 2020. The rating of CRISIL A (Stable) by CRISIL and BWR A+ (Stable) by Brickworks indicate that instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk. |
| 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 |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. KLM Axiva NCD June 2020 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD June 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| KLM Axiva Finvest Ltd | Muthoot Fincorp Ltd | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹125.00 Cr | ₹160.00 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 | CRISIL A/ Stable; BWR A +/ Stable |
| Tenor | 400days/ 18month/ 2year/ 3year/ 5year/ 75month | 24 months/ 38 months/ 60 months |
| Series | Series I to Series X |
Series I to Series IX |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of KLM Axiva NCD June 2020 and Muthoot Fincorp NCD June 2020 is mentioned.
| KLM Axiva Finvest Ltd | Muthoot Fincorp Ltd | |
|---|---|---|
| Bid/Offer Opens On | Jun 02, 2020 | Jun 29, 2020 |
| Bid/Offer Closes On | Jun 26, 2020 | Jul 13, 2020 |
In KLM Axiva NCD June 2020 QIBs portion includes and offered are offered to retail investors. In Muthoot Fincorp NCD June 2020 QIBs portion includes and offered are offered to retail investors.
| KLM Axiva Finvest Ltd | Muthoot Fincorp Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
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