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KLM Axiva NCD June 2020 vs Muthoottu Mini NCD September 2020

Comparision between KLM Axiva NCD June 2020 and Muthoottu Mini NCD September 2020.

NCD Details

KLM Axiva NCD June 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoottu Mini NCD September 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  KLM Axiva Finvest Ltd Muthoottu Mini Financiers Ltd
Logo KLM Axiva NCD June 2020 Logo Muthoottu Mini NCD September 2020 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 Company has received rating of 'IND BBB': Outlook Stable' by India Ratings. This means the NCD has moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Vivro Financial Services 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. KLM Axiva NCD June 2020 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoottu Mini NCD September 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  KLM Axiva Finvest Ltd Muthoottu Mini Financiers Ltd
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹125.00 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 5 NCD 10 NCD
Market Lot 1 NCD 1 NCD
Credit Rating CARE BB+/ Stable IND BBB (Outlook Stable) by India Ratings
Tenor 400days/ 18month/ 2year/ 3year/ 5year/ 75month 24, 36, 50, 60, 85 months and 480 days
Series

Series I to Series X

Payment Frequency Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of KLM Axiva NCD June 2020 and Muthoottu Mini NCD September 2020 is mentioned.

  KLM Axiva Finvest Ltd Muthoottu Mini Financiers Ltd
Bid/Offer Opens On Jun 02, 2020 Sep 09, 2020
Bid/Offer Closes On Jun 26, 2020 Sep 24, 2020

Shares Offered to Different Investor Category

In KLM Axiva NCD June 2020 QIBs portion includes and offered are offered to retail investors. In Muthoottu Mini NCD September 2020 QIBs portion includes and offered are offered to retail investors.

  KLM Axiva Finvest Ltd Muthoottu Mini Financiers Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 10,00,000 shares

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