Comparison between IIFL Finance NCD January 2023 and Kosamattam Finance NCD Dec 2022.
IIFL Finance NCD January 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Kosamattam Finance NCD Dec 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Finance Ltd. | Kosamattam Finance Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE, NSE | BSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. | The NCDs proposed to be issued under this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited ("India Ratings"). |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. Equirus Capital Ltd. IIFL Capital Services Ltd. Edelweiss Financial Services Ltd. | SMC Capitals Ltd. |
| Debenture Trustees | Vardhman Trusteeship Pvt.Ltd. | Vistra ITCL India Ltd. |
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. IIFL Finance NCD January 2023 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Kosamattam Finance NCD Dec 2022 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Ltd. | Kosamattam Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 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 | CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. | IND A-/Stable |
| Tenor | 24, 36, and 60 Months | 18, 24, 30, 36, 39, 48, 54 and 88 Months |
| Series | Series I to VII | Series I to VIII |
| Payment Frequency | Annual, Cumulative and Monthly | Monthly and Cumulative |
Offering period of IIFL Finance NCD January 2023 and Kosamattam Finance NCD Dec 2022 is mentioned.
| IIFL Finance Ltd. | Kosamattam Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jan 06, 2023 | Dec 14, 2022 |
| Bid/Offer Closes On | Jan 18, 2023 | Jan 13, 2023 |
In IIFL Finance NCD January 2023 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors. In Kosamattam Finance NCD Dec 2022 QIBs portion includes 2,00,000 shares and 10,00,000 shares offered are offered to retail investors.
| IIFL Finance Ltd. | Kosamattam Finance Ltd. | |
|---|---|---|
| Institutional | 1,00,000 shares | 2,00,000 shares |
| Non Institutional | 1,00,000 shares | 2,00,000 shares |
| HNI | 4,00,000 shares | 6,00,000 shares |
| Retail | 4,00,000 shares | 10,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 20,00,000 shares |
