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Kosamattam Finance NCD April 2023 vs Sakthi Finance NCD April 2023

Comparision between Kosamattam Finance NCD April 2023 and Sakthi Finance NCD April 2023.

NCD Details

Kosamattam Finance NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Kosamattam Finance Limited Sakthi Finance Limited
Logo Kosamattam Finance NCD April 2023 Logo Sakthi Finance NCD April 2023 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 'IND A-/Stable', by India Ratings & Research Private Limited.

The NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. An instrument with such a rating is expected to have a moderate degree of safety regarding the timely servicing of debt financial obligations.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Smc Capitals Limited Bonanza Portfolio Limited
Debenture Trusties Vistra Itcl India Limited Catalyst Trusteeship Limited
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. Kosamattam Finance NCD April 2023 issue size is ₹150.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD April 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Kosamattam Finance Limited Sakthi Finance Limited
Issue Size (Base) ₹150.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹300.00 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 10 NCD 10 NCD
Market Lot 1 NCD 1 NCD
Credit Rating IND A-/Stable by India Ratings ICRA BBB (Stable)
Tenor 15, 24, 30, 36, 39, 48, 54, and 88 months 24, 36, 48, 60 and 85 months
Series

Series I to VIII

Series I to IX
Payment Frequency Monthly and Cumulative Monthly and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Kosamattam Finance NCD April 2023 and Sakthi Finance NCD April 2023 is mentioned.

  Kosamattam Finance Limited Sakthi Finance Limited
Bid/Offer Opens On Apr 11, 2023 Apr 17, 2023
Bid/Offer Closes On Apr 25, 2023 Apr 28, 2023

Shares Offered to Different Investor Category

In Kosamattam Finance NCD April 2023 QIBs portion includes 1,50,000 shares and 7,50,000 shares offered are offered to retail investors. In Sakthi Finance NCD April 2023 QIBs portion includes 50,000 shares and 4,00,000 shares offered are offered to retail investors.

  Kosamattam Finance Limited Sakthi Finance Limited
Institutional 1,50,000 shares 50,000 shares
Non Institutional 1,50,000 shares 1,50,000 shares
HNI 4,50,000 shares 4,00,000 shares
Retail 7,50,000 shares 4,00,000 shares
Others
Total 15,00,000 shares 10,00,000 shares

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