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Comparision between KLM Axiva NCD June 2020 and Muthoot Vehicle NCD Feb 2020.
KLM Axiva NCD June 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Vehicle NCD Feb 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| KLM Axiva Finvest Ltd | Muthoot Vehicle & Asset Fin 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 Secured NCDs proposed to be issued under this Issue have been rated CRISIL A/Stable by CRISIL vide its letter dated January 17, 2020. Additionally, the Secured NCDs had also been rated CARE BBB+; Stable by CARE vide its letters dated August 30, 2019, which was revalidated on December 9, 2019. This rating, though, was withdrawn by CARE pursuant to letter dated January 24, 2020 at the request of our Company. |
| Registrar | Kfin Technologies Limited | Link Intime India Private Ltd |
| Lead Managers | Vivro Financial Services Private Limited | Inga Ventures Pvt Ltd |
| 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 Vehicle NCD Feb 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| KLM Axiva Finvest Ltd | Muthoot Vehicle & Asset Fin Ltd | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹125.00 Cr | ₹200.00 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; CARE BBB+/ Stable |
| Tenor | 400days/ 18month/ 2year/ 3year/ 5year/ 75month | 24 months/ 38 months/ 60 months/ 90 months |
| Series | Series I to Series X |
Series 1 to Series 10 |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of KLM Axiva NCD June 2020 and Muthoot Vehicle NCD Feb 2020 is mentioned.
| KLM Axiva Finvest Ltd | Muthoot Vehicle & Asset Fin Ltd | |
|---|---|---|
| Bid/Offer Opens On | Jun 02, 2020 | Feb 25, 2020 |
| Bid/Offer Closes On | Jun 26, 2020 | Mar 11, 2020 |
In KLM Axiva NCD June 2020 QIBs portion includes and offered are offered to retail investors. In Muthoot Vehicle NCD Feb 2020 QIBs portion includes and offered are offered to retail investors.
| KLM Axiva Finvest Ltd | Muthoot Vehicle & Asset Fin Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
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