Comparison between Indore Municipal NCD February 2023 and Kosamattam Finance NCD April 2023.
Indore Municipal NCD February 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at NSE while Kosamattam Finance NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Indore Municipal Corporation | Kosamattam Finance Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | NSE | 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 company has received rating of IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited for the bonds proposed to be issued pursuant to this Issue. | The NCDs proposed to be issued under this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Lead Managers | SBI Capital Markets Ltd. A.K.Capital Services Ltd. | SMC Capitals Ltd. |
| Debenture Trustees | Vistra ITCL India Ltd. | Vistra ITCL India Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Indore Municipal NCD February 2023 issue size is ₹122.00 Cr at an issue price of ₹1,000.00 per NCD. Kosamattam Finance NCD April 2023 issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indore Municipal Corporation | Kosamattam Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹122.00 Cr | ₹150.00 Cr |
| Issue Size (Shelf) | ₹244.00 Cr | ₹300.00 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 | 10 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited. | IND A-/Stable by India Ratings |
| Tenor | 3, 5, 7, and 9 years | 15, 24, 30, 36, 39, 48, 54, and 88 months |
| Series | Series I | Series I to VIII |
| Payment Frequency | Half yearly | Monthly and Cumulative |
Offering period of Indore Municipal NCD February 2023 and Kosamattam Finance NCD April 2023 is mentioned.
| Indore Municipal Corporation | Kosamattam Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Feb 10, 2023 | Apr 11, 2023 |
| Bid/Offer Closes On | Feb 14, 2023 | Apr 25, 2023 |
In Indore Municipal NCD February 2023 QIBs portion includes 3,05,000 shares and 3,05,000 shares offered are offered to retail investors. In Kosamattam Finance NCD April 2023 QIBs portion includes 1,50,000 shares and 7,50,000 shares offered are offered to retail investors.
| Indore Municipal Corporation | Kosamattam Finance Ltd. | |
|---|---|---|
| Institutional | 3,05,000 shares | 1,50,000 shares |
| Non Institutional | 3,05,000 shares | 1,50,000 shares |
| HNI | 3,05,000 shares | 4,50,000 shares |
| Retail | 3,05,000 shares | 7,50,000 shares |
| Others | ||
| Total | 12,20,000 shares | 15,00,000 shares |
